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Days195Days on Market
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$199,200

116 E Lipan Drive, TX, 76462

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,037 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$192.09 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesNone
FlooringVinyl

Building Information

Year Built1945
Stories1
Garage Spaces1

Land Information

APN15800.001.0004.2
Lot Number4-5
SubdivisionLipan
Land UseResidential
Legal DescriptionLOT: PT 4 & PT 5 BLK: 1 SUBD: LIPAN
Census Tract160302
Assessed Land Value$24,000
Assessed Improvement Value$34,480
Assessment Year2025

About this property

MOTIVATED SELLER!!!!! THE INTERIOR HAS BEEN COMPLETELY REMODELED in this 2 bedroom, 1 bath home situated on a large corner lot! You will love the updates made to this home conveniently located in the heart of Lipan, directly on Highway 4. The entire home has fresh paint, new interior doors, new ceiling fans, new light fixtures, and beautiful luxury vinyl plank flooring throughout. The eat in kitchen features new shaker cabinets and granite countertops. The bathroom is brand new, too! There is a one car attached carport. The back yard is fenced with some mature trees. The foundation work is completed with a transferable warranty. This move in home will make a great starter home, investment or great potential for your business venture. Great location is a wonderful small town! (Disclaimer: All property information is deemed reliable but not guaranteed. Buyers, tenants, and their representatives should independently verify all details, including but not limited to measurements, permitted uses, zoning, schools, utilities, taxes and any other information important to their decision-making.)

Investor Tools

$0Estimated Mortgage Balance
$198,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,195 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Kay Rollins

Superior Real Estate Group

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$158/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$904
$58,480
2025
$24,000
$34,480
$58,480
No

Tax History

Year
Tax Paid
Assessed Value
2025
$904
$58,480

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,000
100%
0%
$0/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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116 E Lipan Drive | Property Details | No Agent List