Active Listing  ·  45 days on market

2002 Terry Ln

Georgetown, TX 78628
$385,000
3 Bed 2 Bath 1,595 sqft $241/sqft Built 1972 0.32 acres 2-Car Garage Pool Williams Add

ASK ABOUT SPECIAL LENDER FINANCING. Quaint and quiet with no HOA, this beautifully updated single-story home set on a spacious 1/3 acre lot shaded by mature trees. Inviting front porch welcomes you home, while the private backyard is outfitted with covered and open patios, automated string lighting, a productive fig tree, and plenty of room to enjoy fully fenced yard. Spacious living and dining area anchored by a dramatic floor-to-ceiling stone fireplace, vaulted ceilings with exposed beams, luxury vinyl plank flooring throughout, plantation shutters across the front of the home and decorative lighting. Large kitchen offers custom-painted cabinetry, granite countertops, and an adjacent flex space perfect for a breakfast area or sitting room. Primary suite with 2 closets and updated bath with granite countertops, custom cabinetry, and a large soaking tub with tile surround. Two additional bedrooms share an equally impressive jack and jill bathroom. Another modern convenience is the dedicated laundry space inside the home.

Energy-efficient windows and doors and foam attic insulation are already in place, while other significant improvements include a UV light in the HVAC system for improved air quality, and a recently installed Kinetico water softener which conveys. Also included is a built-in whole home sound system, just bring your receiver.

Extra-deep 2-car garage offers a workbench, overhead storage, and direct access to backyard with watertight storage shed. Fenced side yard with double-gate access provides an ideal space for a dog run, boat or trailer parking, or additional storage.

Located just minutes from the shops, restaurants, and entertainment of historic downtown Georgetown, Costco, Wolf Ranch shopping center, and more, this move-in-ready home combines thoughtful updates, exceptional outdoor living, and the freedom of living without HOA restrictions.

At $241/sqft, this home is priced 8% above the Georgetown active market average of $224/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2002 Terry Ln, Georgetown, TX 78628

Property Details

Price $385,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,595 sqft
Lot Size 0.32 acres (14,026.32 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Williams Add
County Williamson
Zip Code 78628
$/sqft $241/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238146101
List Date July 9, 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 · July 9, 2026 $399,900
Current ask $385,000
Reduced $14,900 (-3.7%) 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
3423 Bluebonnet Trl
Reata Trls Un 02
$385,000 $220 3 bd / 2 ba 1,750 sqft , 2026-07-12
902 Dunman Dr
Quail Meadow Unit 02
$380,000 $260 3 bd / 2 ba 1,460 sqft , 2026-08-04
1102 Dunman Dr
Quail Meadow Unit 02
$369,900 $273 3 bd / 2 ba 1,353 sqft , 2026-08-07
1208 Country Club Rd
Country Club
$369,900 $203 3 bd / 3 ba 1,826 sqft , 2026-08-11
1100 Riverbend Dr
Quail Meadow Unit 02
$357,000 $201 3 bd / 2 ba 1,777 sqft , 2026-06-26

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
$1,848/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
$77,000
20% conventional investment loan

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

Estimated Gross Rent+$1,848
Principal + Interest−$2,101
Property Tax (~2.1% TX avg)−$674
Insurance (~0.5%)−$160
Est. Monthly Cash Flow $-1,087

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

More Luxury Homes in Georgetown

Loading…
View All Luxury Homes →
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 August 18, 2026.

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