$58,900 203 Gandy Street Lipan, TX

MLS: 13720031   Type: Single Family   County: Hood   City: Lipan   Area: Hood County   Neighborhood: Aiken W J North   Zip: 76462   Style: Traditional     Stories: 1   Taxes: $927

Mortgage $277 /mo



Half Baths

Sqr Footage

Lot Size








Investors take note, this house has rented at 750.00 per month consistently over the last 8 years, which is head and shoulders above the coveted 10 percent cap rate most rentals properties will yield. This one is a money maker. Three Bedroom two Bath home in established neighborhood, Fenced Backyard with shade trees on a quiet street in Lipan, TX. Close to schools and shopping. Home has great potential for anyone wanting to be the next world famous House Flipper....at this price the profit margin, even after updates, should be exceptional.

Elementary School

Middle School

High School

Distance: 0.08 Miles
Distance: N/A Miles
Distance: 0.09 Miles

Price History

10/27/2017 Listed $67,500
11/17/2017 1% - $67,000
1/3/2018 12% - $59,000
2/6/2018 1% - $58,900

Accessory Unit Yn No
Association Type None
Block 1
Handicap Access No
Listing Area HOOD COUNTY (73)
Other Equipment Range/Oven-Gas
Property Type Residential
Proposed Financing Cash, Conventional, FHA, VA
Restrictions Deed
School District Lipan ISD
School Name Lipan
Stories 1
Style Traditional
Sub Area HOOD COUNTY (10)
Subdivision Aiken W J North
Transaction Type For Sale
Type RES-Single Family
Year Built 1970
Year Built Details Preowned

Interior Features

Fireplaces Total 0
Flooring Carpet, Laminate, Vinyl
Heating Other, Window Unit
Interior Features Paneling, Window Coverings
Number Of Dining Areas 1
Number Of Living Areas 1
Room Count 0
Security System Yn No
Sq Ft Total 1151

Exterior Features

Construction Materials Wood
Fencing Chain Link, Metal, Wood
Foundation Details Pier & Beam
Lot Description Interior Lot, Some Trees, Subdivision
Lot Dimensions 102x45x101x45
Lot Size Area 0.105
Lot Size Area Less Than .5 Acre (not Zero)
Lot Size Area (acres) 0.105
Lot Size Area (sq Ft) 4573
Lot Size Units Acres
Parking Features Front, Open
Parking Spaces Carport 0
Parking Spaces Garage 0
Pool 0
Structural Style Single Detached
Total Covered Parking Spaces 0

Property Schools

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Gallery (12 photos)

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Property vs Zip Code Avg (76462)

Price 58K Avg 349K

Sqr Feet 1,151 Avg 2,565

Cost / Sqr Ft $51 Avg $136

Taxes $927 Avg $4,130

Acres 0.1 Avg 6.75

Visits 155 Avg 193

Days on Site 114 Avg 163

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Listing Provided Courtesy Of: Knieper Realty, Inc.

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Location & Address

Kristin Lynch
3333 Lee Pkwy, Suite 677
Dallas, TX