Active Listing  ·  75 days on market

501 E Central Dr

Georgetown, TX 78628
$280,000
3 Bed 2 Bath 1,376 sqft $203/sqft Built 1981 0.20 acres 2-Car Garage Pool WILLIAMS ADDITION UNIT 4
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About This Home

INCREDIBLE BUYER INCENTIVES: $4,000 MORTGAGE CONCESSION. Opendoor Home Loans will contribute up to $4,000 towards a permanent interest rate buy-down if you finance with Opendoor Home Loans LLC.

Experience recent updates at 501 E Central Dr, featuring fresh exterior paint that enhances curb appeal. Inside, fresh interior paint complements the new appliances in the kitchen, creating a refreshed living space. The property also includes a patio and a fully fenced in backyard for outdoor enjoyment. Ready for you to enjoy the fresh updates and practical outdoor living.. Included 100-Day Home Warranty with buyer activation

At $203/sqft, this home is 11% 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

501 E Central Dr, Georgetown, TX 78628

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Property Details

Price $280,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,376 sqft
Lot Size 0.20 acres (8,712 sqft)
Year Built 1981
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision WILLIAMS ADDITION UNIT 4
County Williamson
Zip Code 78628
$/sqft $203/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,027.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239400693
List Date July 10, 2026
Elementary School Frost
Middle School Douglas Benold
High School Georgetown
School District ,

Have Questions About This Property?

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 10, 2026 $300,000
Previous ask $290,000
Current ask $280,000
▼ Reduced $20,000 (-6.7%) 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
1615 Park Ln
Gabriel Heights $279,900 $222 3 bd / 2 ba 1,260 sqft , 2026-08-19
404 Northwood Dr
Northwood Oaks $278,000 $206 3 bd / 2 ba 1,349 sqft , 2026-02-21
1602 Westwood Ln
Ryans Xing $275,000 $179 3 bd / 3 ba 1,539 sqft , 2026-02-25
208 Birch Oak Ln
The Grove at Georgetown $275,000 $179 2 bd / 3 ba 1,536 sqft , 2026-05-26
914 Garden Meadow Dr
Williams Add Unit 07 $289,000 $223 3 bd / 2 ba 1,296 sqft , 2026-09-19

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 10, 2026.

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