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$373,760

NAL Estimated Property Value

1506 Penn Springs Drive, Duncanville, TX, 75137

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,550 Sq Ft
price_per_sqft$137.25 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Range, Gas Water Heater, Microwave, Double Oven

Exterior

Lot Size11,033 sqft

Building Information

Year Built1980
Stories1
Roof Type105
Garage Spaces2

Land Information

APN22118600040020000
Lot Number2
SubdivisionPenn Springs
Land UseResidential
Legal DescriptionPENN SPRINGS BLK D LT 2 INT202400031019 DD01312024 CO-DC 1186000400200 4CV11860004
Census Tract016532
Assessed Land Value$70,000
Assessed Improvement Value$303,760
Assessment Year2025

About this property

Welcome to 1506 Penn Springs, a wonderful opportunity to own a spacious home in the highly desirable Penn Springs neighborhood. With 4 bedrooms and 3 full baths, this home offers a flexible layout with plenty of room for everyday living, entertaining, and hosting family and friends. Inside you will find generously sized rooms and a comfortable floor plan that makes it easy to settle in and make it your own. The living spaces provide great flow for gatherings while still offering quiet areas to relax. The bedrooms are all nicely sized and the three full bathrooms add convenience for both family and guests. The attic has radiant barrier The home is currently vacant and ready for its next chapter, making it easy for the new owners to move right in and start creating memories. Whether you are looking for space to grow, room to work from home, or simply a place that feels welcoming and comfortable, this home offers a great foundation. Located in the sought after Penn Springs subdivision, the property sits in a beautiful established neighborhood known for its mature trees and welcoming feel. Village Tech Charter school conveniently located just 1 block away. Homes in this area are loved for their great location, established surroundings, and convenient access to nearby shopping, dining, and everyday amenities. If you have been searching for a well located home with space, charm, and opportunity in a fantastic neighborhood, 1506 Penn Springs is definitely one to see.

Investor Tools

Property Icon
$373,760
Estimated Property Value
$124,292Estimated Mortgage Balance
$249,468Estimated Equity
66% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,243 /month
Positive
Cash Flow Estimate:
$748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$362/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,478
$373,760
2025
$70,000
$303,760
$373,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,478
$373,760

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Primelending
Stand Alone First / Home Equity First Lien
$150,600
No
First
Nov 27, 2017
Jan 2048

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,292
$249,468
66%
33%
$903/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,190/mo
$903/mo
+$1,287/mo
7.0%

Learn About the Market: Opportunity in Texas

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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: Duncanville

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1506 Penn Springs Drive | Property Details | No Agent List