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$504,000

NAL Estimated Property Value

33212 N Us Highway 281, Lipan, TX, 76462

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,491 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$318.58 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

BankruptcyOff-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Water Heater, Microwave, Vented Exhaust Fan, Water Softener

Exterior

Lot Size15 acres

Building Information

Year Built1990
Garage Spaces2

Land Information

APNR000044332
Lot Number1
SubdivisionCountry Hills
Land UseResidential
Legal DescriptionS9200 COUNTRY HILLS, LOT 1, HOUSE & BARN
Census Tract950100
Assessment Year2025

About this property

To No Fault of the Property or the Seller, this great Property is back on the Market with a new Roof. Here is that perfect 15 acres with a very cool open concept 2 Bedroom, 2 Bath, 2 car garage Home is set back off the highway, You never even hear the hwy. There is a very warm comfortable feeling about this place, come and make it what you want. Take notice of the old Barn & Pens, that with a lil work could be ready for your Livestock. Ag Exemption already in place, just looking for a new family. Plenty of space, Bring your Horses, Dirt Bikes,,,, and enjoy this neat property. There is a good Pond, just needs rain to bring it back to life. Lots of Potential in a great area. Just south of I-20, north of Morgan Mill. Don't let this one slip away.

Investor Tools

Property Icon
$504,000
Estimated Property Value
$454,569Estimated Mortgage Balance
$49,431Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,024 /month
Positive
Cash Flow Estimate:
$1,008 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$212/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,290
2025
N/A
N/A
$201,600
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,290

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Armed Forces Bank Na
Unknown
$470,000
No
First
Jul 17, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$454,569
$49,431
9%
90%
$2,818/mo

City: Lipan

33212 N Us Highway 281 | Property Details | No Agent List