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$795,000

10405 Lipan Hwy, TX, 76462

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,200 Sq Ft
price_per_sqft$662.5 / sqft
Year BuiltBuilt in 2010

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet

Exterior

Exterior FeaturesAwning(s), Balcony, Rain Gutters, Lighting
Lot Size2 acres

Building Information

Year Built2010
Stories2
Garage Spaces12

Land Information

APN20194.000.0230.0
SubdivisionThe J F Girod Survey Abstract #194
Land UseResidential
Legal DescriptionACRES: 2.000 ABST: J F GIROD - ABST 194
Census Tract160302
Assessment Year2025

About this property

Discover the freedom and versatility of this exceptional 23-acre property in Lipan, Texas. With approximately 1,600 feet of frontage on Hwy 4, an electric gated entrance, and surrounded by large acreage ranches, this property offers privacy, functionality, and long-term value in one of the area's most desirable rural settings. The land is fully fenced and cross-fenced, making it ideal for livestock, horses, or recreational use. Two stock tanks provide water sources for animals and add to the property's scenic appeal. A blend of open pasture and scattered tree cover creates a beautiful Texas landscape with room to expand, ride, hunt, or simply enjoy the outdoors. The centerpiece of the property is a well-designed barndominium featuring approximately 1,200 square feet of living space positioned above an impressive 2,400-square-foot shop. The living quarters include three bedrooms, two bathrooms, and a dedicated office, offering comfortable accommodations for full-time living, a ranch headquarters, or weekend retreat. Below, the expansive shop provides ample space for equipment storage, workshop projects, ranch operations, vehicles, recreational toys, or business use. The layout offers the flexibility that barndominium buyers are seeking, combining practical workspace with comfortable living quarters in one efficient structure. The property also features a well house and a 30' x 100' tin barn at the western edge of the property. Rarely do properties offer this combination of acreage, infrastructure, water features, highway frontage, and functional improvements. Enjoy the quiet of country life while remaining within easy reach of Granbury, Weatherford, Stephenville, and the surrounding communities. Come experience all the possibilities this outstanding Lipan acreage has to offer.

Investor Tools

$200,020Estimated Mortgage Balance
$82,980Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,770 /month
Positive
Cash Flow Estimate:
$1,590 /month

Interested in this property?

Ben Holmes

Keller Williams Brazos West

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$283/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,984
$238,273
2025
N/A
N/A
$294,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,984
$238,273

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Aspire Bank
Stand Alone First / Home Equity First Lien
$217,000
No
First
Apr 25, 2022
May 2042

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$200,020
$82,980
29%
71%
$1,302/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: Lipan

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10405 Lipan Hwy | Property Details | No Agent List