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    • Price cut: $9.9K (5/6)
    $50,000

    509 Lipsey Ave, Palestine, TX 75803

    3beds
    1,088sqft
    Residential
    Built in 1949
    0.26 Acres Lot
    $61,600 Zestimate®
    $46/sqft
    $-- HOA

    What's special

    Corner lot
    Don't miss out on this investment property! This 3 bed/1 bath corner lot in Westwood ISD is just waiting for you to fix it up! Sitting on 0.2583 acres, the yard has a spacious feel to it. Would make an amazing rental property or first time home with a little TLC. Call and make an appointment to check it out!
    385 days
    |
    168
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lou Anderson 903-922-5990,

    Landmark Realty LLC.

    Source: Palestine AOR,MLS#: 96794

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 1
      • Full bathrooms: 1
      Rooms
      • Room types: Kitchen/Dining Combo
      Heating
      • Natural Gas
      Cooling
      • Has cooling: Yes
      Appliances
      • Included: Gas Oven, Gas Water Heater
      Features
      • No Special Features
      • Flooring: Hardwood
      • Has fireplace: No
      • Fireplace features: None
      Interior area
      • Total structure area: 1,088
      • Total interior livable area: 1,088 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Gravel
      • Has uncovered spaces: Yes
      Features
      • Patio & porch: Other
      • Exterior features: No Special Features
      • Fencing: Chain Link
      Lot
      • Size: 0.26 Acres
      • Topography: Level
      Details
      • Parcel number: R32380

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Residential
      Materials
      • Frame
      • Roof: Composition
      Condition
      • Year built: 1949

      Utilities & green energy

      • Electric: Txu
      • Gas: Atmos
      • Sewer: Public Sewer
      • Water: Public, City

      Community & HOA

      Community
      • Subdivision: Lipsey
      Location
      • Region: Palestine

      Financial & listing details

      • Price per square foot: $46/sqft
      • Tax assessed value: $67,928
      • Annual tax amount: $1,544
      • Date on market: 7/9/2025
      • Listing terms: Cash,3rd Party Only

        Estimated market value

        $61,600

        $56,000 - $68,000

        $1,300/mo

        Price history

        DateEventPrice
        5/6/2026Price change$50,000-16.5%$46/sqft
        Source: Palestine AOR #96794 Report a problem
        7/9/2025Listed for sale$59,900$55/sqft
        Source: Palestine AOR #96794 Report a problem
        6/28/2025Listing removed$59,900$55/sqft
        Source: Palestine AOR #96794 Report a problem
        1/3/2025Price change$59,900-14.3%$55/sqft
        Source: Palestine AOR #96794 Report a problem
        4/4/2024Price change$69,900-12.6%$64/sqft
        Source: Palestine AOR #96794 Report a problem
        2/13/2024Listed for sale$80,000$74/sqft
        Source: Palestine AOR #96794 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,433 -7.9%$67,928 -8.6%
        2024$1,556 -2.2%$74,292 +0.6%
        2023$1,591 +1.7%$73,876 +19.1%
        2022$1,565 +34.2%$62,054 +22.7%
        2021$1,166 $50,570 +7.6%
        2020-- $47,019 +4.8%
        2018$1,112 $44,856
        2017-- $44,856 +5.1%
        2016-- $42,693
        2015-- $42,693
        2014-- $42,693 +7.6%
        2013-- $39,663
        2012-- $39,663
        2011-- $39,663
        2010-- $39,663 -2.1%
        2009-- $40,529 +3.2%
        2008-- $39,290 +23%
        2007-- $31,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 75803

        Getting around

        42 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Westwood ISD

        Source: Palestine AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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