Active Listing  ·  119 days on market

224 Serpens St

Georgetown, TX 78628
$342,000
4 Bed 3 Bath 2,108 sqft $162/sqft Built 2020 0.14 acres 2-Car Garage Pool Morningstar

Seller will consider a VA loan assumption for a VA buyer. Current interest rate is 2.49%. Located in the highly sought-after MorningStar master-planned community, this beautiful two-story Meritage Homes home offers comfort, space, natural light, and a flexible floor plan with the primary suite conveniently located on the main level. Upstairs, you’ll find three additional bedrooms and a spacious second living area, ideal for a game room, media space, playroom, or flexible retreat. The open-concept main living area is filled with natural light and creates a warm, inviting atmosphere, while the kitchen and dining area flow nicely together for everyday living and entertaining. Outside, the covered back patio and nicely sized backyard provide a wonderful space for relaxing, entertaining, or enjoying quiet evenings outdoors. Additional features include a two-car garage, multiple living spaces, and modern energy-efficient construction. Residents of MorningStar enjoy exceptional community amenities including a swimming pool, dog park, trails, parks, and more, all conveniently located near Georgetown shopping, dining, and schools.

At $162/sqft, this home is 29% 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

224 Serpens St, Georgetown, TX 78628

Property Details

Price $342,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,108 sqft
Lot Size 0.14 acres (6,233.44 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Morningstar
County Williamson
Zip Code 78628
$/sqft $162/sqft
Days on Market ,
HOA $54/Monthly
Annual Tax Est. $9,696.4
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT231605586
List Date May 27, 2026
Elementary School Santa Rita
Middle School Santa Rita Middle
High School Legacy Ranch
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.

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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 · May 27, 2026 $349,900
Previous ask $345,000
Current ask $342,000
Reduced $7,900 (-2.3%) 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
208 Winding Hollow Ln
MORNINGSTAR
$340,000 $188 4 bd / 3 ba 1,808 sqft , 2026-09-03
404 Perryville Loop
Santa Rita Ranch South Sec 13
$349,000 $146 3 bd / 3 ba 2,392 sqft , 2026-09-09
205 Northview Ln
Morningstar Ph 3 Sec 3
$349,900 $175 4 bd / 2 ba 1,996 sqft , 2026-08-21
313 Redonda Dr
Santa Rita Ranch Ph 5 Sec 1
$349,999 $169 4 bd / 3 ba 2,073 sqft , 2026-04-22
144 Riverhill Dr
morningstar
$350,000 $239 3 bd / 2 ba 1,463 sqft , 2026-09-22

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
$1,642/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
$68,400
20% conventional investment loan

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

Estimated Gross Rent+$1,642
Principal + Interest−$1,866
Property Tax (~2.1% TX avg)−$599
Insurance (~0.5%)−$143
Est. Monthly Cash Flow $-966

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 16, 2026.

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