Active Listing  ·  107 days on market

2002 Terry Ln

Georgetown, TX 78628
$365,000
3 Bed 2 Bath 1,595 sqft $229/sqft Built 1972 0.32 acres 2-Car Garage Pool Williams Add

Mid Century Modern lovers will enjoy this beautifully updated single-story home set on a spacious 1/3 acre lot with no HOA. Shaded by mature trees, the 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. ASK ABOUT SPECIAL LENDER FINANCING.

At $229/sqft, this home is priced in line with the Georgetown market average of $226/sqft across 1,231 active listings. View Austin market report →

Location

2002 Terry Ln, Georgetown, TX 78628

Property Details

Price $365,000
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 $229/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
Previous ask $383,900
Current ask $365,000
▼ Reduced $34,900 (-8.7%) 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
134 Canyon Rd
Reata Trails Unit 03
$365,000 $198 3 bd / 2 ba 1,843 sqft , 2026-10-09
1102 Dunman Dr
Quail Meadow Unit 02
$364,900 $270 3 bd / 2 ba 1,353 sqft , 2026-08-07
802 N Myrtle St
North Georgetown Add
$375,000 $223 3 bd / 2 ba 1,685 sqft , 2026-09-30
103 Village Dr
Village River Bend
$349,000 $184 3 bd / 2 ba 1,901 sqft , 2026-09-15
1611 Mesquite Ln
Country Club
$340,000 $234 3 bd / 2 ba 1,452 sqft , 2026-10-22

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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 28, 2026.

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