506 RIVER DOWN RD, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $553,673 and $709,920, with a best estimate of $592,505. That places the property above the G230698D - River Ridge & Riverview Estates - All median of $497,470, in a neighborhood that declined 5.7% over the past year.
Estimated Value Range
$592,505
$579,308
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G230698D - River Ridge & Riverview Estates - All, this home's estimated market value is between $553,673 and $709,920. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$62,068 for 230 sqft less living space and +$85,027 for being newer. Net adjustment: +$22,959.
Adjusted -$62,338 for 231 sqft less living space and +$75,579 for being newer. Net adjustment: +$13,241.
Adjusted -$24,827 for 92 sqft less living space and +$108,646 for being newer. Net adjustment: +$83,819.
Adjusted +$19,970 for 74 sqft more living space and +$113,369 for being newer. Net adjustment: +$133,339.
Adjusted -$28,605 for 106 sqft less living space and +$108,646 for being newer. Net adjustment: +$80,041.
The Neighborhood
This home is valued 16.5% above the G230698D - River Ridge & Riverview Estates - All median of $497,470. With 445 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 5.7% over the past year.
G230698D - River Ridge & Riverview Estates - All
above averageThis home is +16.5% above the subdivision median.
Tax Analysis
The estimated annual property tax is $10,528 across all districts. With a homestead exemption claimed, that drops to $8,848 — saving $1,680 per year. That's $737 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Georgetown ISD | School | 1.0506% | $6,086 |
| Williamson County | County | 0.3694% | $2,140 |
| Georgetown | City | 0.3530% | $2,045 |
| Williamson County FM/Rd | County | 0.0443% | $257 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8174% | $10,528 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $592,505 would pay approximately $3,698 per month (principal and interest only, excluding taxes and insurance).