Active Listing  ·  35 days on market

1615 Park Ln

Georgetown, TX 78628
$279,900
3 Bed 2 Bath 1,260 sqft $222/sqft Built 1970 0.29 acres Pool Gabriel Heights

Welcome to 1615 Park Ln, a charming single-story home nestled on a generous 0.29-acre lot in an established Georgetown neighborhood with no HOA. Offering 3 bedrooms, 2 full bathrooms, and 1,260 square feet of comfortable living space, this home features durable luxury vinyl plank and tile flooring throughout, creating a stylish, low-maintenance interior. The functional floor plan is designed for everyday living, while the covered back patio provides the perfect place to relax, entertain, or enjoy your morning coffee overlooking the spacious, fenced backyard. A covered 2-car carport adds convenience with a large storage room built in, and the oversized lot offers plenty of room for gardening, play, pets, or future possibilities. Conveniently located just minutes from Georgetown's historic downtown, shopping, dining, parks, schools, I-35, and within walking distance to the Rivery, this home combines the charm of an established neighborhood with easy access to everything the area has to offer. Whether you're a first-time homebuyer or searching for a great investment opportunity, this property is one you won't want to miss. Schedule your private showing today!

At $222/sqft, this home is 3% below the Georgetown active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1615 Park Ln, Georgetown, TX 78628

Property Details

Price $279,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,260 sqft
Lot Size 0.29 acres (12,754.37 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Gabriel Heights
County Williamson
Zip Code 78628
$/sqft $222/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242326814
List Date August 19, 2026
Elementary School Frost
Middle School Douglas Benold
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 →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 19, 2026 $287,000
Previous ask $284,900
Current ask $279,900
Reduced $7,100 (-2.5%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
501 E Central Dr
WILLIAMS ADDITION UNIT 4
$280,000 $203 3 bd / 2 ba 1,376 sqft , 2026-07-10
404 Northwood Dr
Northwood Oaks
$278,000 $206 3 bd / 2 ba 1,349 sqft , 2026-02-21
1602 Westwood Ln
Ryans Xing
$275,000 $179 3 bd / 3 ba 1,539 sqft , 2026-02-25
208 Birch Oak Ln
The Grove at Georgetown
$275,000 $179 2 bd / 3 ba 1,536 sqft , 2026-05-26
202 Forest St
South San Gabriel Urban Renewal Blk O
$285,000 $326 3 bd / 1 ba 875 sqft , 2026-02-13

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
$1,344/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
$55,980
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 September 3, 2026.

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