Active Listing  ·  16 days on market

507 Concord Dr

Georgetown, TX 78628
$470,000
4 Bed 4 Bath 2,970 sqft $158/sqft Built 2015 0.15 acres 2-Car Garage Pool Georgetown Village

Welcome to 507 Concord Drive, a spacious Gehan Homes residence located in the desirable Georgetown Village community. Offering 2,970 square feet, 4 bedrooms, 3 full bathrooms, and 1 half bath, this two-story home features a versatile floor plan designed for both everyday living and entertaining. The primary bedroom is conveniently located on the main level and includes a large walk-in closet. The primary bathroom offers dual sinks, a soaking tub, and a separate shower, while three additional bedrooms are located upstairs. High ceilings, an inviting entrance foyer, multiple living and dining areas, wood-like tile flooring, and generous interior spaces provide plenty of room to spread out. The kitchen features granite countertops, wood cabinetry, a decorative tile backsplash, stainless steel appliances, a gas cooktop, built-in oven, pantry, and a large island with bar seating. The main living area is filled with natural light and showcases a soaring ceiling, while the upstairs loft provides additional flexible living space. A dedicated main-level laundry room adds convenience. Outside, enjoy a covered back patio overlooking the fenced backyard. Georgetown Village is known for its numerous pocket parks, playgrounds, picnic areas, walking trails, and inviting atmosphere. The community is conveniently located near Lake Georgetown, shopping, restaurants, coffee shops, medical offices, and everyday conveniences, providing easy access to I-35 and Williams Drive. Historic Downtown Georgetown, with its popular restaurants, boutiques, entertainment, and charming town square, is just a short drive away. Schedule your showing today!

At $158/sqft, this home is 30% below the Georgetown active market average of $226/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

507 Concord Dr, Georgetown, TX 78628

Property Details

Price $470,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 2,970 sqft
Lot Size 0.15 acres (6,708.24 sqft)
Year Built 2015
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Georgetown Village
County Williamson
Zip Code 78628
$/sqft $158/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT248283684
List Date October 8, 2026
Elementary School Raye McCoy
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.

Schedule a Call →

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
313 Skyflower Dr #G
Gardens/Verde Vista
$466,000 $236 3 bd / 2 ba 1,972 sqft , 2026-06-26
604 Bottlebrush Dr
Gardens at Verde Vista
$475,000 $205 4 bd / 3 ba 2,315 sqft , 2024-12-20
232 Village Commons Blvd
Shell Ranch Sec 02-A
$459,000 $183 4 bd / 3 ba 2,504 sqft , 2026-08-27
4711 Madrid Dr
Georgetown Village Sec 08 PUD
$486,900 $172 4 bd / 4 ba 2,828 sqft , 2026-08-20
132 Mexican Olive Dr #G
Gardens/Verde Vista
$445,000 $222 3 bd / 3 ba 2,009 sqft , 2026-05-15

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
$2,256/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
$94,000
20% conventional investment loan

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

Estimated Gross Rent+$2,256
Principal + Interest−$2,565
Property Tax (~2.1% TX avg)−$823
Insurance (~0.5%)−$196
Est. Monthly Cash Flow $-1,328

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 October 11, 2026.

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