4802 MADRID DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $376,365 and $443,085, with a best estimate of $417,350. That places the property above the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860, in a neighborhood that declined 1.7% over the past year.
Estimated Value Range
$417,350
$404,251
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $376,365 and $443,085. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$45,213 for 209 sqft more living space. Net adjustment: +$45,213.
Adjusted +$10,384 for 48 sqft more living space and -$132 for being older. Net adjustment: +$10,252.
Adjusted -$649 for 3 sqft less living space and +$132 for being newer. Net adjustment: -$517.
Adjusted +$36,993 for 171 sqft more living space and +$397 for being newer. Net adjustment: +$37,390.
Adjusted -$4,543 for 21 sqft less living space and -$662 for being older. Net adjustment: -$5,205.
The Neighborhood
This home is valued 3.4% above the G760500D - Georgetown Village - Shell Ranch R3 median of $390,860. With 480 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 1.7% over the past year.
G760500D - Georgetown Village - Shell Ranch R3
typicalThis home is +3.4% above the subdivision median.
Tax Analysis
The estimated annual property tax is $7,832 across all districts. With a homestead exemption claimed, that drops to $6,215 — saving $1,617 per year. That's $518 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% | $4,247 |
| Williamson County | County | 0.3694% | $1,493 |
| Georgetown | City | 0.3530% | $1,427 |
| Georgetown Village PID | pid | 0.1200% | $485 |
| Williamson County FM/Rd | County | 0.0443% | $179 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $7,832 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $417,350 would pay approximately $2,605 per month (principal and interest only, excluding taxes and insurance).