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$239,900

3122 Faith Lane, Tyler, TX, 75701

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,440 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$166.6 / sqft
Year BuiltBuilt in 1958

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher

Exterior

Exterior FeaturesRain Gutters
Lot Size9,583 sqft

Building Information

Year Built1958
Stories1
Roof Type105
Garage Spaces1

Land Information

APN1-50000-1081-04-008000
Lot Number8
SubdivisionRolling Hills
Land UseResidential
Legal DescriptionROLLING HILLS BLOCK 1081-D LOT 8
Census Tract001803
Assessed Land Value$32,551
Assessed Improvement Value$168,961
Assessment Year2025

About this property

Located in the established Rolling Hills area of Tyler, this 3-bedroom, 1.5-bath home offers 1,440 square feet of well-proportioned living space and practical updates that support long-term value. Built in 1958, the property reflects the solid construction and functional layouts characteristic of the era, paired with improvements that enhance everyday comfort. The main living area provides a central gathering space with natural light and a layout that allows flexibility in furniture arrangement. A dedicated dining area connects conveniently to the kitchen, creating an efficient flow for daily routines. The kitchen offers ample cabinet storage and workspace, with room for personalization over time. All three bedrooms are positioned to provide separation from the main living areas, supporting privacy and versatility for a variety of needs. The full bath is centrally located, and the additional half bath adds convenience for guests and daily use. A significant update includes a roof replacement completed in March 2024, offering added peace of mind for future ownership. Exterior features include a two-car carport providing covered parking and protection from the elements. The yard offers usable outdoor space with potential for gardening, recreation, or pets. Situated within Tyler ISD and offering convenient access to retail, dining, medical facilities, and major thoroughfares, this property combines established neighborhood appeal with proximity to daily amenities. Whether considered as a primary residence or an investment opportunity, this property presents a balanced option with foundational updates and room to make it your own.

Investor Tools

$73,387Estimated Mortgage Balance
$164,613Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,439 /month
Positive
Cash Flow Estimate:
$480 /month

Interested in this property?

Charlotte Williams

Keller Williams Realty-Tyler

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$275/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,106
$201,512
2025
$32,551
$168,961
$201,512
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,106
$201,512

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Conventional
$76,000
No
First
Jun 10, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$73,387
$164,613
69%
31%
$456/mo

City: Tyler