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$574,990

11027 Brock Hwy, Lipan, TX, 76462

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,211 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$260.06 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesTrash Compactor, Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Courtyard, Fire Pit, Rain Gutters, Storage
Lot Size2.97 acres

Building Information

Year Built1940
Stories1
Garage Spaces2

Land Information

APN20753.000.0190.0
SubdivisionThe M A E Clark Survey Abstract #882
Land UseResidential
Legal DescriptionACRES: 2.967 ABST: J M YBARBO - ABST 753
Census Tract160302
Assessment Year2025

About this property

Here's your open concept COUNTRY GEM!!! Bring your horses, cows, goats, donkeys, chickens, etc and enjoy the FARM LIFE........with all of the amenities including newer 30x15 play pool with large TANNING LEDGE complete with bubblers and 3 month old cordless ROBOT cleaner for easy maintenance....completely finished 900sf SHOP with electricity, stained concrete floors, insulated finished walls, windows, DRIVE THRU roll up doors, HALF BATH, and 20x20 covered concrete area for your imagination.......30x14 covered area attached to shop for storage and animal stall.......FANCY 2 story CHICKEN COOP......Main Bedroom is LARGE with it's own OFFICE area and 2 closets 8x19 and 6x11...FENCED GARDEN with hose bib, 4 RAISED beds, FRUIT TREES all have irrigation 2 peach 2 Pearl 2 apple 2 plum, blackberry and grape vines....property completely FENCED with EQUINE in the front and FIELD in the back...20x19 CARPORT...SOLAR front GATE...WELL that seller hit water at 22ft.....WORK from HOME no problem as seller installed $4k tower for maximum INTERNET...outdoor ENTERTAINERS area complete with CONCRETE countertops, sink, and electricity for refrig....220 for HOT TUB if you like...2 RAIN BARRELS....Indoor FIREPLACE can be used wood or electric log...Laundry Pantry area has room for freezer...TOO MUCH to LIST so come and see for your self.......AMAZING LOCATION 30 minutes to Granbury, Weatherford, or Stephenville...More land possibly available

Investor Tools

Property Icon
$544,000
Estimated Property Value
$246,500Estimated Mortgage Balance
$321,480Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,935
$234,438
2025
N/A
N/A
$516,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,935
$234,438

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Quicken Loans Llc
Conventional
$246,500
No
First
Apr 23, 2021
May 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,520
$321,480
59%
41%
$1,478/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.

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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: Lipan

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11027 Brock Hwy | Property Details | No Agent List