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$361,000

NAL Estimated Property Value

506 E Central Dr, Georgetown, TX, 78628

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,260 Sq Ft
price_per_sqft$285.71 / sqft
Year BuiltBuilt in 1981

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Free Standing Gas Range, Free Standing Refrigerator, Washer
FlooringLaminate, Tile

Exterior

Exterior FeaturesNo Exterior Steps, Private Yard

Building Information

Year Built1981
Stories1
Garage Spaces2

Land Information

APNR-20-9943-0000-0078
Lot Number12
SubdivisionWilliams Add
Land UseResidential
Legal DescriptionS5017 - WILLIAMS ADDITION UNIT 4, BLOCK 14, LOT 12
Census Tract020114
Assessed Land Value$82,000
Assessed Improvement Value$191,520
Assessment Year2025

About this property

ICONIC STYLE & UNBEATABLE CONNECTIVITY: Position yourself at the center of it all. This isn’t just a home; it’s a launchpad for the best of Georgetown. Perfectly situated just minutes from the "Most Beautiful Town Square in Texas," the scenic trails of San Gabriel Park, and the Georgetown Executive Airport. Commuting is easy with quick access to I-35 and the 130 Tollway. CURATED INTERIORS WITH A MID-CENTURY EDGE: Step inside to find a space that balances 1980s solid bones with sophisticated, modern soul. The main living area is anchored by a rare, iconic Malm style "Carousel" fireplace. The updated galley-style kitchen is designed for efficiency and style, featuring quartz countertops and a high-end appliance suite. The primary retreat offers a private en suite experience, recently refreshed with a new marble-topped vanity and designer tile work in the bath. THE "BONUS" ADVANTAGE: DETACHED EXECUTIVE STUDIO: Escape the distractions of the main house in your private backyard sanctuary. The detached studio is fully climate-controlled and finished out. Whether you need a professional home office, gym, creative workshop, or a bonus playroom, this versatile space adds immense value and functionality. MOVE-IN READY: Ask about our available non-realty item packages to make this transition seamless. A professional pre-listing inspection has been completed and is available for your review—we’ve done the heavy lifting so you don't have to. FINANCIAL EDGE: Benefit from a low 1.82% tax rate, offering significant monthly savings over nearby new construction. Experience the perfect blend of unique character and modern convenience. Schedule your showing today and see why this is the best value on the Westside!

Investor Tools

Property Icon
$361,000
Estimated Property Value
$294,434Estimated Mortgage Balance
$67,093Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,664
$273,520
2025
$82,000
$191,520
$273,520
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,664
$273,520

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Conventional
$315,970
No
First
Sep 12, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$294,434
N/A
0%
82%
$1,895/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Georgetown

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506 E Central Dr | Property Details | No Agent List