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$825,000

1400 Penny Lane, Keller, TX, 76248

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,911 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$210.94 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size20,225 sqft

Building Information

Year Built2000
Stories2
Garage Spaces3

Land Information

APN31287-1-6
Lot Number6
SubdivisionOverton Ridge Addition
Land UseResidential
Legal DescriptionOVERTON RIDGE ADDITION BLOCK 1 LOT 6
Census Tract113953
Assessed Land Value$170,000
Assessed Improvement Value$489,000
Assessment Year2025

About this property

This spacious home with a stately stone and decorative brick facade sits on a premier .46-acre corner lot in the established Overton Ridge neighborhood of Keller. The home is showcased by an expansive private backyard oasis with a covered patio and sparkling saltwater 38K-gallon diving pool; ideal for relaxing, entertaining, and year round play. Designed for comfortable everyday living, the functional, two-story floor plan offers a formal living room or optional study, an elegant dining area, an oversized family room with a traditional gas fireplace and wall of windows, four generously sized bedrooms with walk-in closets, three full and one half baths, a second-level game room, a utility area, and an attached three-car garage. The chef's kitchen features an abundance of cabinets and prep space, a breakfast bar, center island, gas cooktop, double ovens, and a sunny breakfast nook with windows overlooking the backyard. Privately situated on the 1st level of the home, the primary suite provides a peaceful escape with a charming sitting area before bay windows and a spa-inspired bath highlighted by quartz counters. Rich hardwood flooring, custom built-ins, tall ceilings, gracious windows, and a large walk-in attic with Radiant Barrier insulation add comfort and efficiency throughout the home. Additional amenities of the home include a newer roof, upgraded carpet and tile floors, fresh paint in select rooms, and a replaced AC serving the primary suite. Overton Ridge residents enjoy access to a neighborhood park and heavily treed walking paths. This home feeds the award-winning Keller ISD and is located with close proximity to DFW International Airport, local dining, and upscale shopping.

Investor Tools

Property Icon
$817,000
Estimated Property Value
$0Estimated Mortgage Balance
$654,220Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,950 /month
Positive
Cash Flow Estimate:
$1,650 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,151/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,729
$659,000
2025
$170,000
$489,000
$659,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,729
$659,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Randolph Brooks Fcu
Conventional
$174,999
No
First
Sep 21, 2022
Oct 2029

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,780
$654,220
80%
20%
$1,050/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,110/mo
$1,800/mo
+$1,310/mo
4.6%

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: Keller

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1400 Penny Lane | Property Details | No Agent List