1118 WOODPARK LN, GEORGETOWN, TX 78633
GEORGETOWN, 78633 — williamson County
Property at a Glance
This home is estimated between $903,478 and $1,168,541, with a best estimate of $925,737. That places the property above the G721617A - SOMERSET RANCH median of $863,440, in a neighborhood that declined 4.3% over the past year.
Estimated Value Range
$925,737
$899,545
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G721617A - SOMERSET RANCH, this home's estimated market value is between $903,478 and $1,168,541. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$3,655 for 13 sqft more living space and +$7,185 for being newer. Net adjustment: +$10,840.
Adjusted +$103,738 for 369 sqft more living space. Net adjustment: +$103,738.
Adjusted +$40,764 for 145 sqft more living space. Net adjustment: +$40,764.
Adjusted +$276,635 for 984 sqft more living space. Net adjustment: +$276,635.
Adjusted +$54,259 for 193 sqft more living space. Net adjustment: +$54,259.
The Neighborhood
This home is valued 4.2% above the G721617A - SOMERSET RANCH median of $863,440. With 78 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 4.3% over the past year.
G721617A - SOMERSET RANCH
typicalThis home is +4.2% above the subdivision median.
Tax Analysis
The estimated annual property tax is $16,602 across all districts. With a homestead exemption claimed, that drops to $14,965 — saving $1,637 per year. That's $1,247 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% | $9,451 |
| Williamson County | County | 0.3694% | $3,323 |
| Somerset Hills Rd District #3 | Road | 0.2900% | $2,609 |
| Williamson County ESD #8 - Georgetown | ESD | 0.0912% | $820 |
| Williamson County FM/Rd | County | 0.0443% | $399 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.8456% | $16,602 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $925,737 would pay approximately $5,778 per month (principal and interest only, excluding taxes and insurance).