$515,000 - $530,000
RENTED JUL 24, 2025
4 Beds
3 Baths
2,913 Sq Ft
$178 Price per Sq Ft

Last Sold November 12, 2021

Current estimated payment $3,833/month

Highlights

  • Solar Power System
  • Open Floorplan
  • Wood Flooring
  • View of Trees or Woods
  • Clubhouse
  • Main Floor Primary Bedroom

About This Home

As of July 2025

Welcome to 505 Fair Oaks Drive — featuring one of the most sought-after floorplans in Georgetown! This spacious 4-bedroom, 3-bathroom home offers room for everyone, including a private first-floor mother-in-law suite and a dedicated office that can easily serve as a fifth bedroom. The open-concept kitchen, dining, and living area is a dream for both busy families and avid entertainers, bathed in natural light from striking picture windows that soar up to the dramatic ceilings. The primary suite is conveniently located on the main floor and includes a generous walk-in closet and a luxurious walk-in shower. Upstairs, you’ll find two secondary bedrooms, a shared full bath, and a large flex space—ideal for a playroom, media room, or second living area. Sitting on a unique corner lot, the oversized, flat backyard offers privacy with no direct neighbors behind or on the side—perfect for pets, play, or even a future pool. Owned solar panels provide energy efficiency with low utility bills and peace of mind with an existing warranty. Located in the charming Water Oak neighborhood, residents enjoy a community pool, playground, and an unbeatable location near schools, shops, and Georgetown’s historic downtown—proudly called “The Most Beautiful Town Square in Texas.” With its natural beauty, vibrant events, top-notch parks, and welcoming community, Georgetown continues to attract those seeking a high quality of life just outside the City of Austin. Also for sale, contact agent for details!

Last Agent to Rent the Property

Hannah Lloyd

Moreland Properties Brokerage Phone: (512) 263-3282 License #0701882 Listed on: 06/06/2025

Moreland Properties

Last Renter's Agent

Catherine Bird

Coldwell Banker Realty License #0760199

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,048

Year Built

  • Built in 2017

Lot Details

  • 6,839 Sq Ft Lot
  • South Facing Home
  • Privacy Fence
  • Wood Fence
  • Sprinkler System
  • Few Trees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Slab Foundation
  • Composition Roof
  • Masonry Siding

Interior Spaces

  • 2,913 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Blinds
  • Living Room with Fireplace
  • Multiple Living Areas
  • Views of Woods
  • Fire and Smoke Detector

Kitchen

  • Breakfast Bar
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Patio
  • Rain Gutters
  • Front Porch

Schools

  • Wolf Ranch Elementary School
  • James Tippit Middle School
  • East View High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Private Water Source
  • ENERGY STAR Qualified Water Heater
  • Water Softener is Owned
  • Private Sewer

Listing and Financial Details

  • Security Deposit $3,200
  • Tenant pays for all utilities, grounds care, pest control
  • The owner pays for association fees, insurance, repairs, roof maintenance, taxes
  • 12 Month Lease Term
  • $50 Application Fee
  • Assessor Parcel Number 209981000A0017
  • Tax Block A

Community Details

Overview

  • Property has a Home Owners Association
  • Built by Brookfield Residential
  • Water Oak North Sec 1 Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Dog Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,048

Year Built

Built in 2017

Lot Details

0

Parking

2

Rental Info

  • Owner Pays: Association Fees, Insurance, Repairs, Roof Maintenance, Taxes
  • Tenant Pays: All Utilities, Grounds Care, Pest Control
  • Pets Allowed: Cats OK, Dogs OK, Small (< 20 lbs), Medium (< 35 lbs), Large (< 50lbs), Number Limit, Breed Restrictions
  • Available Date: 2025-06-06
  • App Deposit Payable To: Owner
  • App Fee Payable To: Intellirent
  • Application Fee: 50
  • Application Policy: Best Qualified Application
  • Application Required: See Online App
  • First Month Rent Payable To: Owner
  • Max Numof Pets: 3
  • Monthly Pet Rent: 0
  • Pet Deposit: 300
  • Max Lease Months: 12
  • Online App Instructions: https://moreland.myintellirent.com/s/cNaBmLB

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Year Built: 2017
  • Direction Faces: South
  • Directions: From Austin, follow I-35 N to Georgetown. Take exit 261 from I-35 N. Take a left at TX-29 W intersection. Turn left onto Water Oak Pkwy.
  • Disclosures: Seller Provided Survey Available
  • Fencing: Privacy, Wood
  • Fireplaces: 1
  • Garage Spaces: 2
  • Green Energy Efficient: Solar Panel
  • Green Sustainability: None
  • Lease Term: 12 Months
  • Levels: Two
  • Living Area: 2913
  • Other Structures: None
  • Attribution Contact: (512) 263-3282
  • ETJ Extra Territorial Jurdn: No
  • FEMA Flood Plain: No
  • Smoking Inside YN: 0
  • Special Features: None

Interior Features

  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), High Ceilings, Tray Ceiling(s), Quartz Counters, Crown Molding, Double Vanity, Interior Steps, Multiple Living Areas, Open Floorplan, Primary Bedroom on Main, Recessed Lighting, Walk-In Closet(s)
  • View: Trees/Woods
  • Flooring: Carpet, Tile, Wood
  • Fireplace Features: Living Room
  • Accessibility Features: None
  • Appliances: Dishwasher, Disposal, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Water Heater, Water Softener Owned
  • Main Level Bedrooms: 2
  • Property Condition: Resale
  • Security Features: Smoke Detector(s)
  • Window Features: Blinds, Window Coverings
  • Laundry Location: Laundry Room,Main Level
  • Num Dining: 1
  • Num Living: 2
  • Min Lease Months: 12
  • Num Other Level Beds: 2

Beds/Baths

  • Full Bathrooms: 3
  • Bedrooms: 4

Exterior Features

  • Exterior Features: Gutters Full
  • Roof: Composition
  • Builder Name: Brookfield Residential
  • Foundation: Slab
  • Patio And Porch Features: Front Porch, Patio
  • Pool Features: None
  • Private Pool: No
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Total Covered Spaces: 2
  • Parking Features: Attached, Driveway, Garage Door Opener
  • Total Parking Spaces: 4

Utilities

  • Sewer: Private Sewer
  • Utilities: Electricity Available, Natural Gas Available, Sewer Available, Water Available
  • Heating: Central, Natural Gas
  • Water Source: Private
  • Cooling: Ceiling Fan(s), Central Air, Multi Units

Association/Amenities

  • Association: Yes
  • Community Features: Clubhouse, Dog Park, Pool

Condo/Co-op/Association

  • Community Web Site: www.wateroaktexas.com
  • Managed By: Owner

Schools

  • Elementary School: Wolf Ranch Elementary
  • High School: East View
  • Middle/Junior School: James Tippit
  • Junior High Dist: Georgetown ISD

Lot Info

  • Lot Features: Curbs, Few Trees, Sprinkler - Automatic
  • Parcel Number: 209981000A0017
  • Lot Size Acres: 0.157
  • Lot Size Sq Ft: 6838.92
  • Subdivision Name: Water Oak North Sec 1

Building Info

  • Construction Materials: Masonry – All Sides
  • New Construction: No

Tax Info

  • Tax Block: A
  • Tax Map Number: 17
  • Tax Filled Sqft Total: 2913

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2021
Closed on
Nov 11, 2021
Sold by
Olivarez Zacarias Joel and Olivarez Cynthia Fm
Bought by
Schmitt James D
Seller's Agent
Ashley Singh
Sphere Realty
Buyer's Agent
Ashley Isbell
Coldwell Banker Realty
List Price
$598,000
Current Estimated Value
$519,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.20%
Original Mortgage
$382,000
Outstanding Balance
$351,597
Interest Rate
3.01%
Mortgage Type
New Conventional
Estimated Equity
$167,501

Purchase Details

Listed on
Jun 15, 2017
Closed on
Apr 5, 2019
Sold by
Grand Haven Homes Lp
Bought by
Olivarez Zacarias Joel and Olivarez Cynthia Fm
Seller's Agent
Tamara Schneider
Brookfield Residential
Buyer's Agent
Ruby Segura
Coldwell Banker Realty
List Price
$375,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.58%
Original Mortgage
$338,751
Interest Rate
4.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Schmitt James D -- Chicago Title
Olivarez Zacarias Joel -- Platinum Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmitt James D $382,000
Previous Owner Olivarez Zacarias Joel $330,721
Previous Owner Olivarez Zacarias Joel $333,860
Previous Owner Olivarez Zacarias Joel $338,751
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Rented $3,200 +6.7% --
07/22/2025 07/22/25 Under Contract -- -- --
07/14/2025 07/14/25 For Rent $3,000 0.0% --
07/14/2025 07/14/25 Off Market $3,000 -- --
06/23/2025 06/23/25 Price Changed $3,000 -6.3% $1 / Sq Ft
06/06/2025 06/06/25 For Rent $3,200 0.0% --
11/12/2021 11/12/21 Sold -- -- --
10/12/2021 10/12/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $598,000 0.0% $205 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/07/2021 09/07/21 Price Changed $598,000 -3.4% $205 / Sq Ft
08/26/2021 08/26/21 Price Changed $619,000 -1.3% $212 / Sq Ft
08/05/2021 08/05/21 For Sale $627,000 0.0% $215 / Sq Ft
07/17/2021 07/17/21 Off Market -- -- --
07/15/2021 07/15/21 Price Changed $627,000 -2.6% $215 / Sq Ft
07/01/2021 07/01/21 For Sale $643,500 0.0% $221 / Sq Ft
07/17/2020 07/17/20 Rented $3,000 0.0% --
07/11/2020 07/11/20 Under Contract -- -- --
07/03/2020 07/03/20 For Rent $3,000 0.0% --
04/05/2019 04/05/19 Sold -- -- --
02/25/2019 02/25/19 Pending -- -- --
02/20/2019 02/20/19 Price Changed $339,000 -8.4% $117 / Sq Ft
01/16/2019 01/16/19 Price Changed $369,950 -1.1% $127 / Sq Ft
10/20/2018 10/20/18 Price Changed $374,204 -3.4% $129 / Sq Ft
09/05/2018 09/05/18 Price Changed $387,204 +0.1% $133 / Sq Ft
05/03/2018 05/03/18 Price Changed $386,779 +0.8% $133 / Sq Ft
03/27/2018 03/27/18 Price Changed $383,779 +0.3% $132 / Sq Ft
01/15/2018 01/15/18 Price Changed $382,804 +0.8% $132 / Sq Ft
10/04/2017 10/04/17 Price Changed $379,804 -0.1% $131 / Sq Ft
07/19/2017 07/19/17 Price Changed $380,154 +0.2% $131 / Sq Ft
06/27/2017 06/27/17 Price Changed $379,334 +0.9% $131 / Sq Ft
06/15/2017 06/15/17 For Sale $375,883 -- $130 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $12,048 $534,079 $100,000 $434,079
2023 $13,245 $543,223 $100,000 $443,223
2022 $16,108 $618,832 $100,000 $518,832
2021 $12,049 $432,501 $93,000 $354,383
2020 $11,079 $393,183 $88,582 $304,601
2019 $11,976 $414,689 $80,250 $334,439
2018 $9,757 $385,092 $80,250 $304,842
2017 $1,783 $61,500 $61,500 $0
2016 $1,783 $61,500 $61,500 $0
2015 $1,740 $57,500 $57,500 $0
2014 $1,740 $60,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 1610330

Unlock MLS (Austin Board of REALTORS®)

APN: R522228