Active Listing  ·  77 days on market

308 Otto Ave

Georgetown, TX 78626
$314,900
3 Bed 3 Bath 1,892 sqft $166/sqft Built 2019 0.17 acres 2-Car Garage Pool Fairhaven

Seller offering up to $8,000 toward buyer closing costs, prepaid expenses, or an approved interest rate buydown With an Acceptable Offer. Enjoy the convenience of a main level primary suite in this thoughtfully designed Fairhaven home offering 1,892 square feet, three bedrooms, two- and one-half bathrooms, and a spacious upstairs loft. The private primary suite features a generous walk-in closet, dual vanities, and a large walk-in shower. The open kitchen offers granite countertops, stainless steel appliances, abundant cabinetry, a pantry, and a comfortable breakfast area that flows into the living room. High ceilings and plentiful natural light create a bright and inviting atmosphere for everyday living and entertaining. Upstairs are two additional bedrooms, each with a walk-in closet, a full bathroom, and a versatile loft that can serve as a home office, playroom, media room, exercise area, or second living space. Outside, enjoy a covered patio overlooking the fully fenced backyard with automatic sprinklers. Fairhaven residents have access to a community pool, clubhouse, parks, playgrounds, tennis courts, picnic areas, and walking and biking trails. Located within Georgetown city limits and Georgetown ISD, with convenient access to IH 35, SH 130, downtown Georgetown, shopping, dining, and major employers. Buyer to independently verify schools, taxes, square footage, financing incentives, and HOA information.

At $166/sqft, this home is 27% below the Georgetown active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

308 Otto Ave, Georgetown, TX 78626

Property Details

Price $314,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,892 sqft
Lot Size 0.17 acres (7,230.96 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Fairhaven
County Williamson
Zip Code 78626
$/sqft $166/sqft
Days on Market ,
HOA $75/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240645543
List Date July 23, 2026
Elementary School Williams
Middle School Wagner
High School East View
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 · July 23, 2026 $324,999
Current ask $314,900
▼ Reduced $10,099 (-3.1%) 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 Naset Dr
WESTHAVEN
$314,995 $156 4 bd / 2 ba 2,020 sqft , 2026-08-04
8149 Daisy Cutter Xing
Saddlecreek Ph 1B
$315,000 $221 3 bd / 2 ba 1,424 sqft , 2026-09-10
1508 Ferryman Dr
WESTHAVEN PH 2
$314,000 $145 4 bd / 3 ba 2,173 sqft , 2026-08-18
124 Crescent St
AW0481 NIMMO
$317,000 $159 3 bd / 3 ba 1,990 sqft , 2026-08-24
429 Dubina Ave
Fairhaven
$320,000 $170 3 bd / 3 ba 1,887 sqft , 2026-09-30

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
$1,512/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
$62,980
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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 24, 2026.

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