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$385,000

450 Pennington Street, Lovelady, TX, 75851

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,752 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.9 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Must-SellHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDisposal, Double Oven, Dishwasher

Exterior

Lot Size18,343 sqft

Building Information

Year Built1979

Land Information

APN056000123000000000000
Lot Number3
SubdivisionLovelady
Land UseResidential
Legal DescriptionLOVELADY LOTS 3,4 & E 21OF 2 BLK 23
Census Tract950700
Assessed Land Value$6,000
Assessed Improvement Value$309,900
Assessment Year2025

About this property

Welcome to Lovelady, Texas, where country living meets comfort and functionality. This spacious 5-bedroom, 3-bathroom home offers a practical floor plan with plenty of room for family and guests. A large 3-car carport and covered front entry provide a warm welcome. Inside, the open-concept living, dining, and kitchen areas create the heart of the home. The living room features a beautiful brick gas fireplace, while the kitchen offers granite countertops, stainless steel appliances, an electric range, tile flooring, and a breakfast area. The primary suite includes a wood-burning fireplace, soaking tub, walk-in shower, and separate his-and-hers closets. Additional features include spacious guest bedrooms, two guest bathrooms, and a dedicated laundry room with farmhouse sink. Outside, enjoy the covered back patio and garden area. With generous living space, practical amenities, and the charm of country living, this property is ready to welcome its next owners home.

Investor Tools

Property Icon
$315,900
Estimated Property Value
$0Estimated Mortgage Balance
$55,577Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

Interested in this property?

Nancy Lawrence

Lawrence Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$132/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$315,900
2025
$6,000
$309,900
$315,900
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$315,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$284,000
Yes
First
Jan 31, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$260,323
$55,577
17%
82%
$1,703/mo

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.

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: Lovelady

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450 Pennington Street | Property Details | No Agent List