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$269,000

509 Penny Ln, Lindale, TX, 75771

$279,550 ARVInfo
Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,728 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.67 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range
FlooringCarpet

Exterior

Lot Size30,318 sqft

Building Information

Year Built1999
Stories1
Roof Type105
Garage Spaces2

Land Information

APN1-54760-0000-02-001000
Lot Number1
SubdivisionMt Sylvan Place @ Penny Lane U-2
Land UseResidential
Legal DescriptionMT SYLVAN PLACE @ PENNY LANE U-2 LOT 1 2017 NEW SUBD
Census Tract001406
Assessed Land Value$77,675
Assessed Improvement Value$188,728
Assessment Year2025

About this property

Welcome to 509 Penny Lane, where comfort, convenience, and opportunity come together in the heart of Lindale ISD. This beautifully maintained home features a desirable split bedroom floor plan designed for both everyday living and privacy. The spacious primary suite offers a peaceful retreat with a generously sized bedroom and ensuite bath. Thoughtfully cared for and truly move-in ready, this home also provides the perfect canvas for those who want to personalize and elevate the space to reflect their own style. Recent updates offer added peace of mind, including a roof that's only one year old, a 3-year-oldexterior HVAC condenser, and 2026 improvements that include fresh interior paint, a new water heater, updated ceiling fans, and modern light fixtures. Ideally located within walking distance to the Pool park, baseball fields, schools, dining, and shopping, you'll enjoy the convenience of having Lindale's best amenities just moments from your doorstep. Whether you're searching for your first home, your next home, or an investment in one of East Texas' most sought-after communities, this isa rare opportunity to enjoy location, livability, and lasting value.

Investor Tools

Property Icon
$269,000
Estimated Property Value
$149,737Estimated Mortgage Balance
$0Estimated Equity
44% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$279,550
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,614 /month
Positive
Cash Flow Estimate:
$538 /month

Interested in this property?

April Shipman

Leslie Cain Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$406/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,526
$266,403
2025
$77,675
$188,728
$266,403
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,526
$266,403

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cmg Mortgage Inc
Fha
$149,737
Yes
First
May 30, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$287,755
N/A
0%
107%
$1,936/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: Lindale

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509 Penny Ln | Property Details | No Agent List