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$332,000

NAL Estimated Property Value

501 N Penelope St, Belton, TX, 76513

$377,992 ARVInfo
SoldInfo
7/21/26
Beds4 Beds
Baths2 Bath
Baths2,978 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$109.13 / sqft
Year BuiltBuilt in 1915

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Water Heater, Gas Range, Microwave, Other, Refrigerator, See Remarks, Some Gas Appliances, Range
FlooringCombination, Carpet Free, Luxury Vinyl Plank, Wood

Exterior

Exterior FeaturesCovered Patio, Other, Porch, Private Yard, See Remarks
Lot Size11,134 sqft

Building Information

Year Built1915
Stories2
Roof Type105
Garage Spaces2

Land Information

APN5014
Lot Number1
SubdivisionAlexanders Addition
Land UseResidential
Legal DescriptionALEXANDERS ADDITION, BLOCK 006, LOT PT 1, (S 1/2 OF 1) (S 1/2 OF 1)
Census Tract021601
Assessed Land Value$37,521
Assessed Improvement Value$344,323
Assessment Year2025

About this property

Welcome to 501 N. Penelope Street in Belton—a timeless 1915 home rich in character, charm, and thoughtful updates. This spacious residence offers approximately 4 bedrooms and 2 full bathrooms, seamlessly blending historic appeal with modern conveniences. Inside, you’ll find beautiful original wood floors, two inviting living areas, and a formal dining room ideal for hosting gatherings. Four decorative fireplaces enhance the home’s classic ambiance, while a cozy reading nook or office space just off the main living area provides flexibility for today’s lifestyle. Recent updates to plumbing, electrical, bathrooms, and kitchen offer peace of mind while preserving the home’s historic integrity. Additional improvements—including added insulation and a transferable foundation warranty supported by 28 concrete piers —provide added confidence in a home of this era. Natural light fills the sunroom, creating a bright and relaxing space year-round. Upstairs, an enclosed patio space offers versatile use as a private sitting area, expanded dressing room, creative studio, or whatever best suits your needs. Situated on a desirable corner lot, the property features welcoming front and side porches with new railings—perfect for enjoying quiet mornings or evening relaxation. The detached garage includes additional storage, electricity with a separate meter, and potential for a future garage apartment, workshop, or studio. Located just minutes from the heart of Downtown Belton, this home offers a truly walkable lifestyle. Enjoy convenient access to local shops, restaurants, and year-round community events. Stroll to the courthouse square and experience the charm of locally owned boutiques, dining, and live entertainment. The area is known for its vibrant atmosphere, seasonal festivals, and frequent live music gatherings that bring the community together.

Investor Tools

Property Icon
$332,000
Estimated Property Value
$124,089Estimated Mortgage Balance
$208,601Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$377,992
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,992 /month
Positive
Cash Flow Estimate:
$664 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$539/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,807
$239,436
2025
$37,521
$344,323
$381,844
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,807
$239,436

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$158,808
Yes
First
Feb 24, 2016
Mar 2046

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$124,089
$210,911
62%
37%
$0/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.

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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: Belton

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501 N Penelope St | Property Details | No Agent List