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$550,000

218 Homestead Court, Lipan, TX, 76462

Off MarketInfo
Beds1 Beds
Baths1 Bath
Baths400 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,375 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 1Bedrooms 1
Bathrooms 1Bathrooms 1
AppliancesElectric Water Heater
FlooringConcrete

Exterior

Exterior FeaturesAwning(s), Fire Pit, Rain Gutters, Private Entrance, Private Yard, RV Hookup, Storage
Lot Size4.68 acres

Land Information

APN13624-001-006-00
Lot Number6
Land UseFarm
Legal DescriptionACRES: 4.682 LOT: 6 BLK: 1 SUBD: HOMESTEAD ACRES F-555
Assessed Land Value$229,680
Assessment Year2025

About this property

Bring your horses, livestock, pets, RVs, and big Texas dreams! This beautiful 9+ acre property is fully fenced and ready for country living. The centerpiece is a large 70 X 50 workshop with a 20x20 apartment inside featuring full kitchen, bath and living area—ideal for guests, weekend stays, rental potential, or living onsite while you build. Designed with functionality in mind, the property includes lean-to extensions along the side of the building that provide covered RV, trailer or boat parking. There are two covered RV hookups with water, plus an additional RV hookup inside the shop with water—perfect for guests, multi-generational living, or income-producing opportunities. The coastal pasture was cut and baled three times last year, offering solid hay production and grazing potential. A drive-thru gravel driveway allows easy access for trailers, equipment, and large vehicles. Whether you're looking for a horse property, weekend retreat, homestead setup, or investment opportunity, this versatile 9-acre tract is ready to go.

Investor Tools

Property Icon
$229,680
Estimated Property Value
$0Estimated Mortgage Balance
$229,680Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
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
$96/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$229,680
2025
$229,680
N/A
$229,680
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$229,680

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$229,680
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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218 Homestead Court | Property Details | No Agent List