517 Luther Dr Georgetown, TX 78628
Property details
About 517 Luther Dr
Seize this exceptional opportunity to own a fully leased, professionally managed duplex in one of Georgetown's most desirable areas. Each unit boasts a spacious 2-bedroom, 2-bathroom open-concept design with high ceilings, cozy fireplaces, indoor laundry hookups, and attached single-car garages. There is also a large driveway for additional parking and both units also have their own fenced back yard. Recent improvements to unit A include, fresh full interior painting for a clean, updated look, recently replaced dishwasher and water heater for long-term durability and a recently upgraded central HVAC system. A significant capital improvement designed to boost property value and reduce future maintenance costs. Just minutes from I-35, Lake Georgetown, the Historic Downtown Square, and a host of shopping and dining options. This turnkey duplex offers the potential for immediate cash flow and long-term appreciation.
Highlights
Summary
- Appliances: Dishwasher, Electric Water Heater, Electric Range, Disposal
- Flooring Type: Carpet, Linoleum, Tile
- Interior: Ceiling Fan(s), Entrance Foyer, High Ceilings, Laminate Counters, Main Level Primary, No Interior Steps, Open Floorplan, Pantry
- Fireplace: Family Room
- Garage Space: 2 spaces
- Parking: Attached, Door-Single, Driveway, Garage
- Waterfront: None
- View: Neighborhood
- Exterior: None
- Heating: Central
- Cooling: Central Air
- List Price: $399,000
- Price/SqFt: $202
- Annual Tax Amount: $6,703
- Tax Year: 2024
- Lot: Front Yard, Level, Trees
- Directions: From I-35N, Take exit 260 to merge onto I 35 N Frontage Rd. Use the left lane to turn left onto Leander Rd. Turn left onto Luther Dr. Duplex will be on the right.
- Year Built: 1985
- Stories: 1
- Living Area: 1,968 SqFt
- Lot Size: 0.1782 Acres
- MLS Number: 4234302
- MLS Name: ACTRIS
- Office Name: Century 21 Stribling Properties
- Office Phone: (512) 863-0021
- Listing Agent: Brett Danaher
Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
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Last updated on: 7/18/2025, 3:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $334,985 | $6,703 |
| 2023 | $372,795 | $6,505 |
| 2022 | $281,617 | $6,505 |
| 2021 | $281,617 | $6,041 |
| 2020 | $276,634 | $6,041 |
| 2019 | $236,347 | $5,307 |
| 2018 | $231,960 | $5,324 |
| 2017 | $210,051 | $4,821 |
History based on county public records data.
Nearby schools
4
Wolf Ranch Elementary School
Public District EE-5
1.4 mi
•1201 Jay Wolf Dr
2
Annie Purl Elementary School
Public District EE-5
1.8 mi
•1953 Maple St
5
Carver Elementary School
Public District EE-5
2.5 mi
•4901 Scenic Lake Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $77,049. Most Georgetown, TX residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Motocross
Where do the neighbors shop?
Family Dollar
Kmart
GameStop
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Jeep
What do the neighbors listen to?
New Country
Oldies
Country
Frequently asked questions
About 517 Luther Dr
The listing price of 517 Luther Dr property is $399,000.
The property 517 Luther Dr is a multi located in Georgetown, Texas, 78628.
Active Listing: 517 Luther Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 517 Luther Dr are: Wolf Ranch Elementary School (GreatSchools Rating 4/10), Annie Purl Elementary School (GreatSchools Rating 2/10), Carver Elementary School (GreatSchools Rating 5/10), Tippit Middle School (GreatSchools Rating 3/10), George Wagner Middle School (GreatSchools Rating 4/10), Benold Middle School (GreatSchools Rating 7/10), Gateway Tech High School (GreatSchools Rating 6/10), Georgetown High School (GreatSchools Rating 6/10), Gateway College Preparatory School (GreatSchools Rating 8/10).
According to the records, the last property tax for 2024 is $6,703 (source: MLS/based on county public records data).
The property 517 Luther Dr is 1,968 SqFt (source: MLS/tax record).
The year of construction for 517 Luther Dr is 1985.
This home is located at 517 Luther Dr in Georgetown, TX and zip code 78628 in the Sierra Vista neighborhood. This 1,968 square foot home, which was built in 1985, sits on a 0.18 acre lot. Features: 0 bedroom, 0 bathroom. It has been listed on Rocket Homes since July 6, 2025 and is currently priced at $399,000.
Georgetown, TX housing market in June 2025 saw over 18 listings sold above listed price, more than 43 sold at listed price and over 141 sold below. Between May and June 2025, Georgetown, TX real estate market has seen increase in the number of listings by 2.9%. Listings spent 68 days on the market in June 2025, and had a median list price of $458,498 during the same period.