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Days25Days on Market
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$279,900

$290,000

550 Spencer Ln, Tyler, TX, 75704

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,609 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$173.96 / sqft
Year BuiltBuilt in 2006

About this property

Welcome to this beautiful home in the desirable **Wellington Place** community, where modern upgrades and everyday comfort come together. Designed for easy living, this home features durable luxury vinyl plank flooring throughout the main living areas, offering both style and low-maintenance convenience. Enjoy the benefits of **owned solar panels**, helping to improve energy efficiency and reduce utility costs. Step outside to a fully fenced backyard with attractive vinyl fencing, providing privacy and a great space for entertaining, pets, or simply relaxing outdoors. Whether you're hosting family and friends or enjoying a quiet evening at home, this property offers a functional layout and thoughtful upgrades that make it move-in ready. Conveniently located in Wellington Place, you'll appreciate easy access to shopping, dining, schools, and major roadways while enjoying the charm of a welcoming neighborhood. Don't miss your opportunity to make this energy-efficient, beautifully updated home your own! HOA Fee is $165 a year

Investor Tools

$0Estimated Mortgage Balance
$295,818Estimated Equity
100% equity
Estimated Cap Rate
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,775 /month
Positive
Cash Flow Estimate:
$592 /month

Interested in this property?

Travis Jones

Connect Realty.com

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$483/month
No HOA
5.947%

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.

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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: Tyler

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550 Spencer Ln | Property Details | No Agent List