# 509 Lipsey Avenue, Palestine, TX 75801 > **TL;DR:** 3bd/1ba single family, $50,000 ($46/sqft), built 1949, 1,088 sqft. > Hardwood. Est. $268/mo. Listed 988 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $50,000 | | Price/sqft | $46 | | Bedrooms | 3 | | Bathrooms | 1 full | | Square Feet | 1,088 | | Year Built | 1949 | | Lot Size | 11,252 sqft (0.26 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 988 | ## Why This Home Stands Out - **Hardwood Floors** - Hardwood flooring listed ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $253 | | Estimated Insurance | $15 | | **Total** | **$268** | ## Key Amenities - Hardwood ## Property Highlights - Built in 1949 - 0.26 acre lot ## Description ### Agent Description 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! ## Location - **Address:** 509 Lipsey Avenue, Palestine, TX 75801 - **County:** ANDERSON - **Neighborhood:** LIPSEY - **Coordinates:** 31.744661, -95.657251 - **Google Maps:** https://www.google.com/maps?q=31.744661,-95.657251 ## Virtual Tour & Media - **Video Tour:** tour.usamls.net/509-Lipsey-Avenue-Palestine-TX-75801/unbranded ## Listing Agent - **Name:** Lou Anderson - **Brokerage:** Landmark Realty - **Broker Phone:** (903) 729-4000 ## Photos ![509 Lipsey Avenue - Photo 1](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f3834933754r.jpg) ![509 Lipsey Avenue - Photo 2](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f3037780754r.jpg) ![509 Lipsey Avenue - Photo 3](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f361651882r.jpg) ![509 Lipsey Avenue - Photo 4](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f1374923552r.jpg) ![509 Lipsey Avenue - Photo 5](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f1500343618r.jpg) ![509 Lipsey Avenue - Photo 6](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f3002920126r.jpg) ![509 Lipsey Avenue - Photo 7](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f3974418708r.jpg) ![509 Lipsey Avenue - Photo 8](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f1595353426r.jpg) ![509 Lipsey Avenue - Photo 9](http://lh.rdcpix.com/242f530ba12f5daddd9fa83fb2043a84l-f1658504300r.jpg) --- **MLS#:** 96794 | **Updated:** 2026-10-21 **Source:** listhub *Copyright © 2026 Palestine Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/509-lipsey-avenue-palestine-tx-75801-af961e3f4c4f4e2c8b1d757840262a14) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/509-lipsey-avenue-palestine-tx-75801-af961e3f4c4f4e2c8b1d757840262a14#listing", "url": "https://staging.propertysimple.ai/listing/509-lipsey-avenue-palestine-tx-75801-af961e3f4c4f4e2c8b1d757840262a14", "name": "509 Lipsey Avenue, Palestine, TX 75801", "description": "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. 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