Active Listing  ·  26 days on market

1500 Northwest Blvd #413

Georgetown, TX 78628
$215,000
2 Bed 1 Bath 790 sqft $272/sqft Built 1985 5.00 acres Pool Cedar Ridge At Georgetown Condo

OWNER OFFERING A 2/1 INTEREST RATE BUYDOWN, potentially allowing qualified buyers to enjoy a first-year interest rate as low as 5%, subject to lender approval and loan terms! Welcome to Cedar Ridge Condominiums and this newly updated 2-bedroom, 1-bathroom residence, where modern finishes, a functional layout, and a convenient Georgetown location come together at an attainable price point.

The thoughtfully designed floor plan makes excellent use of the space, with an open flow between the kitchen, dining, and living areas. Updates include quartz countertops, shaker-style cabinetry, stainless steel appliances, updated lighting and finishes, and a refreshed bathroom. The unit also comes complete with a refrigerator, microwave, and washer/dryer combo, making it even easier to move in and make it your own.

Cedar Ridge is also receiving exciting community improvements, including an upgraded playground, grilling area, dog park, green space, and future clubhouse for residents to enjoy.

Location is another standout. Cedar Ridge offers convenient access to Downtown Georgetown, Southwestern University, shopping, restaurants, grocery stores, schools, and everyday necessities, putting much of Georgetown within easy reach.

Whether you're a first-time buyer, downsizing, or simply looking for low-maintenance homeownership, this 2-bedroom, 1-bathroom condo offers an exciting opportunity to own a beautifully updated home in Georgetown.

Ask about the available 2/1 rate buydown and additional buyer incentives! Interest rate examples are not guaranteed and are subject to buyer qualification, lender approval, loan program, market conditions, and applicable terms.

At $272/sqft, this home is priced 20% above the Georgetown active market average of $226/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

1500 Northwest Blvd #413, Georgetown, TX 78628

Property Details

Price $215,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 790 sqft
Lot Size 5.00 acres (217,800 sqft)
Year Built 1985
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Cedar Ridge At Georgetown Condo
County Williamson
Zip Code 78628
$/sqft $272/sqft
Days on Market ,
HOA $200/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248218695
List Date September 28, 2026
Elementary School Frost
Middle School Charles A Forbes
High School Georgetown
School District ,

Luke Allen (TREC #788149) has deep knowledge of Georgetown and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Georgetown

Comparable Listings Right Now

Homes currently for sale in Georgetown with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1500 Northwest Blvd #411
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-09-07
1500 Northwest Blvd #418
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-09-07
1500 Northwest Blvd #424
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-10-09
1500 Northwest Blvd #417
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-10-09
1500 Northwest Blvd #415
Cedar Ridge At Georgetown Condo
$215,000 $272 2 bd / 1 ba 790 sqft , 2026-10-10

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,032/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$43,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,032
Principal + Interest−$1,173
Property Tax (~2.1% TX avg)−$376
Insurance (~0.5%)−$90
Est. Monthly Cash Flow $-607

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Georgetown, TX

Georgetown sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 20 min S
Apple Campus (Domain) 30 min S
Williamson County jobs hub 5-10 min

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on October 12, 2026.

📞 (254) 718-2567 [email protected] More about Luke →