ActiveResidential · sale

1508 Walnut

Georgetown, TX 78626

$389,900

  • 1 beds
  • 1 baths
  • 1,068 sq ft
  • 0.15 acres
  • Built 1960

Listed by Stanberry REALTORS · MLS #ACT9066430

A FEW THINGS TO NOTICE

What stands out.

Living spaces

A separate dining area off the living room adds wonderful flexibility — perfect for dinner parties, a cozy reading lounge, or whatever fits your lifestyle best.

Details worth a look

Outside, the fully fenced backyard offers plenty of room to relax, garden, play, or expand your outdoor living, complete with a storage shed and covered carport for added convenience.

Year built

Built in 1960.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Old Town Charm, Steps from the Square

Minutes from Georgetown's Historic Square and Southwestern University, this Old Town bungalow puts you right in the heart of it all — classic charm, thoughtful updates, and a layout that works beautifully for everyday living.

The kitchen is full of personality: cheerful vintage periwinkle cabinets, a gas range, generous counter space, and a sunlit breakfast nook tucked into a corner window that fills the room with natural light all day long. A separate dining area off the living room adds wonderful flexibility — perfect for dinner parties, a cozy reading lounge, or whatever fits your lifestyle best.
The bedroom is a true retreat, featuring a striking vaulted ceiling and two closets for excellent storage. The full bath has been beautifully updated with new tile and a walk-in shower. And with the roof, plumbing, HVAC, and water heater all recently updated, this home offers true peace of mind — the big-ticket items are already taken care of.

Connected by a charming breezeway, the detached bonus building adds even more versatility, with laundry plus a spacious flex room ideal for an office, studio, home gym, or hobby space. Outside, the fully fenced backyard offers plenty of room to relax, garden, play, or expand your outdoor living, complete with a storage shed and covered carport for added convenience.

And the location? It speaks for itself. Walk to the Square's beloved restaurants and cafes, San Gabriel Park, and scenic neighborhood trails. This is a rare, turn-key opportunity in one of Georgetown's most walkable and sought-after pockets — Old Town charm paired with modern peace of mind. Schedule your showing today!

THE NEIGHBORHOOD

Explore the location.

1508 Walnut, Georgetown, TX 78626

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1960
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Heating
Central
Appliances
Free-Standing Gas Range
Flooring
Tile
Fencing
Chain Link, Wood
Accessibility
None
Pool features
None
Subdivision
Hughes Add
Parcel
20370000000067
Elementary school
Annie Purl
Middle school
James Tippit
High school
East View

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,624.58
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

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1508 Walnut, Georgetown, TX 78626 · MLS #ACT9066430

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Property inquiries go to help@erabrokers.com.

More in Georgetown.

Listing information

MLS #ACT9066430 · Austin Board of Realtors

Listing brokerage: Stanberry REALTORS
Listing agent: Jaziel Castro

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.