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$1,384,000

NAL Estimated Property Value

11230 Light Rd, Lipan, TX, 76462

$1,799,200 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,461 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,009.58 / sqft
Year BuiltBuilt in 1992

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Water Heater, Gas Range, Microwave, Refrigerator
FlooringStone, Wood

Exterior

Exterior FeaturesDog Run, Fire Pit, Rain Gutters, Rain Barrel/Cistern(s)
Lot Size2 acres

Building Information

Year Built1992
Stories2

Land Information

APN20091.000.0070.0
SubdivisionJ Cole - Abst 91
Land UseResidential
Legal DescriptionACRES: 2.000 ABST: J COLE - ABST 91
Census Tract160302
Assessment Year2025

About this property

Rolling beauty in Lipan, where history, nature, and country living come together. At its heart is a picturesque 2-acre lake once known by residents as City Lake, a gathering spot where families fished, picnicked, and made memories years ago. Today, it still carries that same peaceful charm, joined by the scenic Kickapoo Creek that borders the property along the south side. The landscape is as diverse as it is beautiful, with sandy bottom land, mossy rock outcroppings, elevated views, and an approx. 4.5-acre coastal field that’s ideal for grazing or hay production. An additional pond provides another water source for livestock or wildlife, which is plentiful here—deer, turkey, fox, and even a resident wild peacock make this property their home. The land is cross-fenced and well-suited for both horses and cattle. Improvements include a gated entrance, a 30x40 workshop with 16’ lean-to, and a rustic horse barn with 3 stalls and a set of pens attached, making livestock handling simple and convenient. Near the lake, a small bunkhouse offers extra space for guests or a cozy retreat for weekends by the water, complete with a fire pit for gathering under the stars. The main home is a two-story, 3-bedroom, 2-bath residence—ideal as a weekend getaway or full-time living. With multiple building sites scattered across the property, you have the option to expand, build your dream ranch estate, or simply enjoy the quiet charm of what’s already here. From its historic lake and flowing creek to the horse facilities, bunkhouse, and rolling terrain, this is more than a property—it’s a place to slow down, appreciate the land, and create memories for generations to come.

Investor Tools

Property Icon
$1,384,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,384,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,799,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,850 /month
Positive
Cash Flow Estimate:
$2,950 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$597/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$240
$174,385
2025
N/A
N/A
$236,810
No

Tax History

Year
Tax Paid
Assessed Value
2025
$240
$174,385

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,384,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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11230 Light Rd | Property Details | No Agent List