About This Home

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 $218/sqft, this home is 4% below the Georgetown active market average of $227/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 $300,000

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 $218/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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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

1029 Santiam St
Berry Springs $300,000 $192 3 bd / 3 ba 1,564 sqft , 2026-04-02

401 Yorktown St
Sun City $300,000 $244 2 bd / 2 ba 1,229 sqft , 2026-05-08

112 Bluebell Dr
Sun City Georgetown Neighborhood 06 Amd B $299,995 $223 2 bd / 2 ba 1,344 sqft , 2026-03-31

116 Bent Creek Ln
Morningstar $299,950 $198 3 bd / 2 ba 1,514 sqft , 2026-06-08

214 Crystal Knoll Blvd
Crystal Knoll Terrace Pud Unit 01 $299,900 $221 4 bd / 2 ba 1,355 sqft , 2026-01-13

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

$1,440/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

$60,000

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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 →

501 E Central Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

501 E Central Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Georgetown, TX

More Luxury Homes in Georgetown

Explore Austin Real Estate