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$208,000

302 Gandy Street, Lipan, TX, 76462

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,168 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$149.83 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Plumbed For Ice Maker, Gas Water Heater
FlooringLaminate, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size20,778 sqft

Building Information

Year Built1960
Stories1
Garage Spaces2

Land Information

APN15820.004.0040.0
SubdivisionAiken W J Ne
Land UseResidential
Legal DescriptionACRES: 0.477 BLK: PT 4 SUBD: AIKEN W J NE
Census Tract160302
Assessed Land Value$28,000
Assessed Improvement Value$80,690
Assessment Year2025

About this property

Location! Location! This Lipan home is conveniently located right in town and close to everything. Walking distance to schools. The house has an open living, dining and kitchen concept. Two nice size bedrooms. This cute and charming home is located on an oversize corner lot on a quiet residential street. The fenced backyard has large mature trees offering premium shade. There is a nice size barn or storage building at the back of the property. The home is a great starter or downsizing home. Wonderful location and potential. Check it out.

Investor Tools

Property Icon
$208,000
Estimated Property Value
$0Estimated Mortgage Balance
$60,284Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,248 /month
Positive
Cash Flow Estimate:
$416 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$227/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,680
$108,690
2025
$28,000
$80,690
$108,690
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,680
$108,690

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Fha
$160,256
Yes
First
Mar 3, 2022
Apr 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$147,716
$60,284
28%
71%
$961/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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302 Gandy Street | Property Details | No Agent List