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Lipan 76462
106 Gandy Street
Photo of 106 Gandy Street
Sold on Sep 1, 2026

1

Map

$150,000
● House - Off Market

106 Gandy Street

Lipan, TX 76462
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,032 Ft²
$737
Est. Monthly

About This Property

Charming home perfect for anyone looking for comfort and simplicity. This home offers a storage building that offers plenty of space for hobbies, tools, or extra storage.
Unit Size
1,032 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$145
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (NTREIS #21352786)

Price History

Date / Event Date Event Price
Sep 1, 2026 Sold
Premium
Sold
Aug 8, 2026 In contract -
In contract
Jul 23, 2026 Listed by HARBCO Realty $150,000
Listed by HARBCO Realty
Jul 22, 2021 Sold
Premium
Sold
Sep 15, 2020 Listed by CLARK REAL ESTATE GROUP $79,990
Listed by CLARK REAL ESTATE GROUP
Small and inviting!!! Yard with a minimum upkeep. Metal work Shop or storage building. Fenced in back yard. FAMILY???? Lipan ISD has a rich history of academic and extracurricular success for PK.KG 1-12.

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,788
  • Total Building Area: 1,032
  • Building Area: 1,032
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,032
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AIKEN W J NE
  • Land Acres: 0000000064
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: ACRES: 0.064 LOT: PT BLK: 1 SUBD: AIKEN W J NE

Neighborhood

  • School District Name: Lipan Independent School District
  • Census Tract: 160302

Geography

  • Parcel: 15820.001.0050.0
  • Block: 1
  • Lot: PT
  • Municipality: LIPAN
  • Latitude: 32.519
  • Longitude: -98.0446

    Address

  • Full Address: 106 Gandy St
  • Address - House Number: 106
  • Address - Street Name: Gandy
  • Address - Suffix Type: St
  • State: TX
  • City Name: Lipan
  • Carrier Code: R005
  • 4-Digit Zip Code: 2408
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $43,908

    Appraisal Valuation

  • Standard Deviation: 0.2518
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 128,365
  • High Value: 160,693
  • Low Value: 96,037

    Market Valuation

  • Market Total Value: $86,780
  • Market Land Value: $12,000
  • Market Improvement Value: $74,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,780
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $74,780

    Exemptions

  • Disabled Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-0013678
  • Previous Sale Recording Date: Mar 14, 2016
  • Previous Sale Contract Date: Mar 11, 2016
  • Previous Sale Amount: $56,300
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lipan

Stats & Trends

Median Asking:

$199,000

Sale Price/ft²

$170

Below Asking

0.08%

Average Days on Market

99

Average Home Size

1747 ft²

Average Home Age

71 years

Currently For Sale

5 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Currently no nearby rentals
NTREIS

Listed by: Albert Ramirez, HARBCO Realty
Last Updated: 3 months ago
Data Source: NTREIS MLS, MLS# 21352786
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 106 Gandy Street built and last sold?
The property at 106 Gandy Street was built in 1950 and last sold on Jul 22, 2021 for $74,500.
How much is this home worth?
The estimated value of the home located at 106 Gandy Street is $157,048.
What are some comparable homes to 106 Gandy Street?
There are currently no comparable homes to 106 Gandy Street.
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