$332,000
NAL Estimated Property Value501 N Penelope St, Belton, TX, 76513
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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.
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Belton
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