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Vol I   Issue 8              May 3, 2006

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Historic Texas Cattle Town is Now a Growing Retirement Destination

Cost of Living:  Below the National Average

Retirees seeking a lower cost-of-living and a tolerable climate may want to consider Georgetown, Texas, an up-and-coming retirement destination located in the central part of the state (just off of I-35 and about 20 miles north of Austin).  Once a staging area for cattle drives along the Chisholm Trail, this quaint town (population 30,000) has a strong sense of pioneer history and works to maintain its historical integrity.    In 1997, Georgetown won a Great American Street Award for its thriving old town district where nearly two hundred 18th century buildings have been restored and renovated.

 

 

The primary reason that this fast growing destination is popular with retirees is because it is home to Sun City Texas, a Del Webb retirement community for those 55 years and older.  Here residents enjoy a 16,000 square foot recreation center with pools and a fitness center, an 18 hole championship golf course, a marina, a computer lab and a lot more.   Single family homes are for sale, as are custom homes.  Current existing homes on the market range in price from $135,800 for a 1,300 square foot home with two bedrooms, two baths and a two car garage to $385,250 for a 2,700 square foot home with three bedrooms and two baths.   Custom homes (you supervise the building) range from $125,900 for 1,400 square feet, two bedrooms and two baths to $260,900 for three bedrooms, two baths and 2,700 square feet.

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Another option is Berry Creek, a master-planned golf and tennis community featuring expensive single family homes ranging in price from $350,000 to $420,000 for 2,920 to 4,080 square feet.   Georgetown Village is a more affordable new community that attracts all ages and is designed to resemble an old-fashioned village, with parks, quiet streets, a town center and lovely homes with front porches.  Prices for a three bedroom home with two baths start at $125,000 and go up to $146,000 for four bedrooms and 2.5 baths.

Georgetown also has several very reasonably-priced manufactured home communities, although none are specifically geared toward seniors.  Homes begin at around $13,000 for a one bedroom, one bath home and go as high as $55,000 for two bedrooms and two baths.   Communities include Pecan Branch,  Meadow Rest and Vista Ridge.

Property is taxed at $2.40 per $100 market value, and homes are assessed at 100%.  There is a $18,000 homestead exemption, plus another $10,000 for residents over age 65.  Taxes on a $150,000 home for someone 65 or older are $2,928 per year.

 Georgetown, Texas Continued...


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