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$244,900

1406 N Penelope Street, Belton, TX, 76513

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,413 Sq Ft
price_per_sqft$173.32 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

High EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Some Gas Appliances, Range
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesPorch
Lot Size19,894 sqft

Building Information

Year Built1961
Stories1
Roof Type105
Garage Spaces2

Land Information

APN57301
Lot Number1
SubdivisionC B Smith Addition
Land UseResidential
Legal DescriptionC B SMITH ADDITION, BLOCK 001, LOT PT 1, (N 87.5' OF E 200' OF 2 & S 7.5' OF E 200'), ACRES 0.410 (N 87.5' OF E 200' OF 2 & S
Census Tract021702
Assessed Land Value$45,159
Assessed Improvement Value$196,422
Assessment Year2025

About this property

Nearly a half-acre of land in town?! 1406 Penelope offers a rare combination of vintage character, modern updates, and space on a large .4-acre lot in an established Belton neighborhood. With mature trees, a private backyard, and a peaceful setting, the home feels comfortable and welcoming from the moment you arrive. Inside, original hardwood floors bring warmth and charm, while thoughtful updates give the home a clean, modern feel. The kitchen features concrete countertops and a large gas range that’s perfect for anyone who enjoys cooking and entertaining. Updated bathroom vanities, a recently replaced roof, and other improvements make the home move-in ready while still keeping its vintage character intact. The oversized backyard offers plenty of room to relax, garden, entertain, or simply enjoy some extra privacy — something that’s hard to find this close to town. Conveniently located near schools, UMHB, H-E-B, Walmart, and downtown Belton, this home offers both accessibility and a quiet neighborhood feel. Tons of possibilities for homeowners or investors looking for a great rentl. With a 2-car garage, large lot size, and a style that stands out from the ordinary, 1406 Penelope is a home that feels easy to settle into. Schedule a showing quick!

Investor Tools

$216,058Estimated Mortgage Balance
$25,523Estimated Equity
10% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

Interested in this property?

Brittany Colwell

Anchor Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,630
$241,581
2025
$45,159
$196,422
$241,581
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,630
$241,581

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Extraco Banks Na
Conventional
$237,500
No
First
Aug 23, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$216,058
$25,523
10%
89%
$1,424/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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.

Explore Texas Explore This Area
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: Belton

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1406 N Penelope Street | Property Details | No Agent List