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$550,000

150 Indian Wells Road, Lipan, TX, 76462

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,000 Sq Ft
FarmFarm
price_per_sqft$275 / sqft
Year BuiltBuilt in 2009

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker
FlooringSlate

Exterior

Exterior FeaturesRain Gutters, Storage

Building Information

Garage Spaces1

About this property

You'll Love this 2000 square ft Barndo with a separate 720 sq ft guest apartment, garage-shop, storage building and livestock shed. This perfectly sized property is 7+ acres divided into separate pastures located minutes from Lipan, Hwy 281 and IH-20 making this the perfect location for easy commuting. Main house is a 3-2 finished with slate tile flooring and rough cedar trim with a large open living area and huge master bed and bath. The garage-shop apartment includes a living area, bedroom and full bath and can be used as a bunkhouse, guest quarters or in-law suite. Bring your horses and livestock or put up some quality hay as the entire property is covered in Coastal Bermuda and currently Ag Exempt.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,300 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

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

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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150 Indian Wells Road | Property Details | No Agent List