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$200,000

205 Gandy St, Lipan, TX, 76462

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,210 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.69 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher

Building Information

Year Built1945
Stories1
Garage Spaces2

Land Information

APN15870.001.0120.0
Lot Number9
SubdivisionAiken W J North
Land UseResidential
Legal DescriptionLOT: 9 & PT 10 11 12 BLK: 1 SUBD: AIKEN W J NORTH
Census Tract160302
Assessed Land Value$45,000
Assessed Improvement Value$108,970
Assessment Year2025

About this property

Located in the Heart of Lipan, sits this charming 3 Bedroom, 2 Bathroom Home on a Spacious 0.84 Lot. As you step inside you're greeted with an open floor plan. The House has been remodeled and updated throughout recent years, including new plumbing and electric. The house offers a gas range in the kitchen, and gas heat. The Primary Bedroom has its own Bathroom, while the Other Two Bedrooms share a Full Bath. You will be delighted to find old school features throughout giving this home lots of character, such as the double farm sink and cabinet. The Kitchen also features 27 drawers, antique inspired. Outside has a Covered Carport with a Concrete Slab, Two RV Hooks Ups, One is a full set up with a 50 AMP with water and sewer, and the other is a 30 AMP Hook Up. 12x24 building currently being used as a beauty shop, featuring a half bath, heat, and AC. Could be used as anything you desire, the possibilities are endless! This quaint home is ready for the next family to make it their own. Enjoy Small Town Living Done Right!

Investor Tools

Property Icon
$200,000
Estimated Property Value
$0Estimated Mortgage Balance
$200,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,290 /month
Positive
Cash Flow Estimate:
$430 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,073
$141,824
2025
$45,000
$108,970
$153,970
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,073
$141,824

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$200,000
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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205 Gandy St | Property Details | No Agent List