Active Listing  ·  60 days on market

507 Thousand Oaks Blvd

Georgetown, TX 78628
$265,000
3 Bed 2 Bath 1,218 sqft $218/sqft Built 1984 0.19 acres 2-Car Garage Pool Thousand Oaks Sec 2

Welcome home to this charming 3-bedroom, 2-bath residence featuring a well-designed floor plan that offers both comfort and functionality. The spacious living room showcases vaulted ceilings and a cozy fireplace, creating a warm and inviting atmosphere. The country-style kitchen includes a sunny breakfast area and flows seamlessly into the main living space, making it perfect for everyday living and entertaining. Large windows provide beautiful views of the backyard, where mature trees offer shade, privacy, and a peaceful outdoor setting.

The versatile third bedroom features bookshelves securely mounted to the wall, making it an ideal home office, library, craft room, or additional storage space. Prefer a traditional bedroom? The bookshelves can easily be removed to suit your needs. Additional updates include spray foam insulation installed beneath the home in 2023, helping improve energy efficiency and year-round comfort.

Ideally located with close proximity to Downtown Georgetown, you'll enjoy easy access to the city's vibrant restaurants, boutiques, parks, and community events. Everyday conveniences are just minutes away with nearby grocery stores, shopping centers, and major retail destinations, offering the perfect balance of neighborhood charm and modern convenience.

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

507 Thousand Oaks Blvd, Georgetown, TX 78628

Property Details

Price $265,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,218 sqft
Lot Size 0.19 acres (8,276.4 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Thousand Oaks Sec 2
County Williamson
Zip Code 78628
$/sqft $218/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,474.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT232825484
List Date June 5, 2026
Elementary School Frost
Middle School James Tippit
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.

Schedule a Call →

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 · June 5, 2026 $300,000
Previous ask $280,000
Current ask $265,000
Reduced $35,000 (-11.7%) 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
142 Sierra Rose Loop
Mcdaniel Park
$265,000 $185 3 bd / 3 ba 1,430 sqft , 2026-06-19
323 Precipice Way
Pinnacle
$262,999 $176 3 bd / 2 ba 1,495 sqft , 2026-04-24
516 Texas Dr
Sun City Georgetown Ph 04A Neighborhood 15 Pu
$269,000 $203 2 bd / 2 ba 1,328 sqft , 2026-03-24
1011 Janae Ct
Townhomes At Katy Crossing
$269,900 $255 2 bd / 2 ba 1,060 sqft , 2026-03-14
108 Granite Peak Cv
Sun City Georgetown Nbrhd
$269,900 $193 2 bd / 2 ba 1,397 sqft , 2026-03-24

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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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