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Street View

$6,400

NAL Estimated Property Value

15205 Morgan Mill Highway, Lipan, TX, 76462

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,278 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,492.53 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesIce Maker, Refrigerator, Vented Exhaust Fan, Gas Water Heater, Tankless Water Heater
FlooringCarpet, Wood

Exterior

Exterior FeaturesDog Run
Lot Size17,424 sqft

Building Information

Garage Spaces2

Land Information

APN20534.000.0080.2
SubdivisionJ A Schnell - Abst 534
Land UseVacant Land
Legal DescriptionACRES: 0.400 ABST: J A SCHNELL - ABST 535
Census Tract160302
Assessed Land Value$6,400
Assessment Year2024

About this property

Exceptional Cutting Horse Facility on 51 Acres – Lipan, TX A Horseman’s Dream in the Horse Capital of Texas! This premier 51-acre cutting horse facility is a true gem located in Lipan, Texas. Tailored for the serious equestrian, this property seamlessly blends luxury living with world-class horse amenities. Main Residence: Gorgeous 3-bedroom, 3-bath farmhouse with office or optional guest bedroom. Open-concept floor plan with vaulted ceilings and exposed wood beams. Gourmet kitchen featuring a gas stove, marble countertops, and high-end finishes. Luxury plank flooring throughout. Fenced backyard, ideal for relaxing or entertaining. Equestrian Facilities: 8-Stall Show Barn: Includes a tack room, bathroom, and wash rack, with stalls thoughtfully designed using durable pipe and creosote boards. Covered Working Arena: Attached to the show barn for ultimate convenience. 23-Stall Colt Barn: Newly built and ready to meet all your training needs. Two Spacious Apartments: Located behind the show barn, each unit features: Open living, dining, and full kitchen areas. A separate bedroom and full bathroom. Front and back access for privacy and flexibility. Additional Features: Round pen. Horse walker. Multiple turnout pastures for exercise and grazing. The Ideal Location: Lipan is the heart of the Horse Capital of Texas, offering a thriving equestrian community and top-tier infrastructure for horse training and competitions. Located just 30 min to Stephenville, 30 min to Weatherford and 1 hour to Fort Worth. This property is not just a horse facility; it’s a lifestyle. From the thoughtfully designed barns and arenas to the luxurious farmhouse and apartments, every detail has been crafted with the horseman in mind. Schedule a tour today to see this one-of-a-kind property for yourself!

Investor Tools

Property Icon
$6,400
Estimated Property Value
$0Estimated Mortgage Balance
$6,400Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$20,400 /month
Positive
Cash Flow Estimate:
$6,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$10/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$87
$6,400
2024
$6,400
N/A
$6,400
No

Tax History

Year
Tax Paid
Assessed Value
2024
$87
$6,400

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$6,400
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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15205 Morgan Mill Highway | Property Details | No Agent List