1002 ELMWOOD DR, GEORGETOWN, TX 78628
GEORGETOWN, 78628 — williamson County
Property at a Glance
This home is estimated between $314,181 and $488,980, with a best estimate of $318,473. That places the property below 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
$318,473
$444,160
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in G760500D - Georgetown Village - Shell Ranch R3, this home's estimated market value is between $314,181 and $488,980. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$46,511 for 215 sqft less living space. Net adjustment: -$46,511.
Adjusted -$62,736 for 290 sqft less living space. Net adjustment: -$62,736.
Adjusted -$41,968 for 194 sqft less living space. Net adjustment: -$41,968.
Adjusted -$56,895 for 263 sqft less living space and -$530 for being older. Net adjustment: -$57,425.
This comparable closely matches the subject property's features.
The Neighborhood
This home is valued 13.6% 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 +13.6% above the subdivision median.
Tax Analysis
The estimated annual property tax is $8,605 across all districts. With a homestead exemption claimed, that drops to $6,974 — saving $1,631 per year. That's $581 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% | $4,666 |
| Williamson County | County | 0.3694% | $1,641 |
| Georgetown | City | 0.3530% | $1,568 |
| Georgetown Village PID | pid | 0.1200% | $533 |
| Williamson County FM/Rd | County | 0.0443% | $197 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.9374% | $8,605 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $318,473 would pay approximately $1,988 per month (principal and interest only, excluding taxes and insurance).