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$524,000

1010 Lookout Point, Stephenville, TX, 76401

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.2 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Range, Electric Water Heater, Washer, Water Softener
FlooringTile

Exterior

Exterior FeaturesRV Hookup, Storage
Lot Size5.01 acres

Building Information

Year Built2007

Land Information

APNR000072903
SubdivisionThe Lookout Subdivision
Land UseResidential
Legal DescriptionS8402 THE LOOKOUT SUBDIVISION; BLOCK 1; TRACT 6
Census Tract950100
Assessed Land Value$80,160
Assessed Improvement Value$338,040
Assessment Year2025

About this property

Atop the highest point in Erath County, this custom 2-2 Barndo offers views and a layout designed for both comfort and functionality. The open-concept living and dining area flows seamlessly. downstairs features a spacious master suite with plenty of natural light, while an oversized utility room doubles as a mudroom, accessible through the breezeway. Upstairs, an expansive open bedroom with its own private bath offers offers many options. Recent updates include new windows throughout for improved energy efficiency & a new water softener. The raised carport is elevated to accommodate trailers, complete with a circular drive and full RV hookup, for convenience and ease of access. An attached 36 x 24 barn can be converted into a 4-stall setup. Also features a 36 x 12 horse shed row in the pasture with three stalls, each having water access and individual turnouts. This property truly offers the best of rural living and equestrian amenities. 40 min. from Weatherford, 1 hr. from Fort Worth

Investor Tools

Property Icon
$524,000
Estimated Property Value
$0Estimated Mortgage Balance
$108,275Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,144 /month
Positive
Cash Flow Estimate:
$1,048 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$218/month
$416/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$418,200
2025
$80,160
$338,040
$418,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$418,200

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$427,121
Yes
First
Nov 22, 2024
Dec 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$415,725
$108,275
20%
79%
$2,561/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.

Explore Texas Explore This Area
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: Stephenville

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1010 Lookout Point | Property Details | No Agent List