Active Listing  ·  81 days on market

437 Sheepshank Dr

Georgetown, TX 78633
$340,000
3 Bed 2 Bath 1,683 sqft $202/sqft Built 2016 0.14 acres 2-Car Garage Pool Georgetown Village

This 1-story home is prefect for a small family or couples looking to downsize, but still need flexibility to entertain and host overnight guests. The home itself is conveniently located close to Williams Dr where you can run all of your errands, just minutes away from HEB and I-35. Berry Creek and Legacy Hills Golf Clubs are also located just a few miles away. The community pool and playground are also a short walk away! New roof installed in 2021.

The kitchen is open to the main living and dining areas allowing for comfortable conversation. The spacious central countertop can accommodate a casual dining experience for multiple guests, a self-serve line for dinner parties, or even large school projects.

The main bedroom is quietly tucked into the rear of the home, complete with the adjoining main bath and closet. Plenty of room for any couple to simultaneously prepare for the day. Either of the two (2) guest bedrooms can be used as an office, project or crafting space. Each room also has ample closet space and a cooling ceiling fan for hot Texas summers. To top it off, a large full bath is conveniently located off the hallway in between the two (2) bedrooms.

The laundry room is just off the kitchen, conveniently located for busy multitaskers preparing meals and washing clothes. Connected to this is a spacious walk-in open pantry. The pantry can double as household storage, and is conveniently situated next to the garage door, perfect when unloading groceries.

Heading out the sliding glass door at the rear of the home is a covered back porch. The porch is perched off the ground with great views of the tree canopy at the Legacy Hills Golf Course. The porch faces north, so it won't get beaten down by the rising or setting sun. It also has plenty of room for a sitting area and grill. Below is a spacious grass backyard with plenty of room for children to play, or to plant a garden.

At $202/sqft, this home is 12% 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

437 Sheepshank Dr, Georgetown, TX 78633

Property Details

Price $340,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,683 sqft
Lot Size 0.14 acres (6,307.49 sqft)
Year Built 2016
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Georgetown Village
County Williamson
Zip Code 78633
$/sqft $202/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,440.62
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT238396822
List Date July 3, 2026
Elementary School The Village
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.

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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 3, 2026 $360,000
Previous ask $350,000
Current ask $340,000
Reduced $20,000 (-5.6%) 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
201 Whispering Wind Dr
Sun City Georgetown Neighborhood 03
$337,500 $176 3 bd / 2 ba 1,913 sqft , 2026-07-10
2325 Porch Swing Dr
Woodfield Preserve
$335,999 $160 4 bd / 3 ba 2,096 sqft , 2026-09-18
112 Warbler Way
SUN CITY GEORGETOWN NEIGHBORHOOD 12A
$345,000 $239 2 bd / 2 ba 1,442 sqft , 2026-09-18
1901 Hammock Rd
Woodfield Preserve
$334,999 $170 3 bd / 2 ba 1,973 sqft , 2026-08-25
102 Arbordale St
Woodfield Preserve
$333,499 $193 3 bd / 2 ba 1,724 sqft , 2026-08-24

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
$1,632/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
$68,000
20% conventional investment loan

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

Estimated Gross Rent+$1,632
Principal + Interest−$1,856
Property Tax (~2.1% TX avg)−$595
Insurance (~0.5%)−$142
Est. Monthly Cash Flow $-961

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 19, 2026.

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