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Young
1168 Shepard Lane
$395,000
● Land - Off Market

1168 Shepard Lane

Loving, TX 76460
bedrooms
Studio
bathrooms
0 Bath
$2,087
Est. Monthly

About This Property

The 65.35 acres is located in Young county on Shepard Lane. From Loving, Texas (Intersection of Hwy 114 & Hwy 16 S) take Hwy 16 S for approx. 1.5 miles and turn east on Shepard Lane for approx. 2.5 miles.  The property is located on north side of Shepard Lane (sign on property).  This property provides unique uses in that half is in cultivation and provides an excellent building site for your ranchette.  The back portion of the property is covered with oak trees and brush provides excellent hunting environment.  Property has 2 tanks with Camron Creek running through the property. Electricity runs through the property and co-op water line runs along the county road.
Unit Size
-
Days on Market
-
Land Size
65.35 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1984

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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: 8 months ago (NTREIS #21143688)

Price History

Date / Event Date Event Price
Mar 3, 2026 Sold
Premium
Sold
Jan 15, 2026 In contract -
In contract
Jan 3, 2026 Listed by Martin Real Estate $425,000
Listed by Martin Real Estate

Property Highlights

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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 Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,484,800
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,494
  • Gross Building Area: 2,494
  • Building Area: 2,494
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 3
  • Heated Square Feet: 2,494
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J W MANNING SURVEY ABSTRACT NO 188
  • Land Acres: 0000080000
  • Standard Land Use Code: 1008
  • County Land Use Code: D2
  • Legal Description 1: TE&L 2702 - A-1134 - EAST 80

Neighborhood

  • School District Name: Graham Independent School District
  • Census Tract: 950200

Geography

  • Parcel: 4998
  • Municipality: LOVING
  • Latitude: 33.2446
  • Longitude: -98.465

    Address

  • Full Address: 1168 Shepard Ln
  • Address - House Number: 1168
  • Address - Street Name: Shepard
  • Address - Suffix Type: Ln
  • State: TX
  • City Name: Loving
  • Carrier Code: R001
  • 4-Digit Zip Code: 5408
  • Zip Code: 76460

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $474,875
  • Tax Rate Code Area: GH GISD NC

    Appraisal Valuation

  • Standard Deviation: 0.2565
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 63
  • Final Value: 657,411
  • High Value: 826,071
  • Low Value: 488,750

    Market Valuation

  • Market Total Value: $724,640
  • Market Land Value: $481,200
  • Market Improvement Value: $243,440

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $246,695

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 01, 2010
  • Current Sale Recording Date: Nov 01, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2010-3093
  • Previous Sale Recording Date: Nov 13, 2009
  • Previous Sale Contract Date: Nov 12, 2009
  • Previous Sale Amount: $43,800
  • 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 Young

Stats & Trends

Median Asking:

$220,000

Sale Price/ft²

$147

Below Asking

0.04%

Average Days on Market

80

Average Home Size

2057 ft²

Average Home Age

48.7 years

Currently For Sale

77 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

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NTREIS

Listed by: Debbie Martin, Martin Real Estate
Last Updated: 8 months ago
Data Source: NTREIS MLS, MLS# 21143688
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1168 Shepard Lane built and last sold?
The property at 1168 Shepard Lane was built in 1984 and last sold on Nov 1, 2010 for $50,000.
How much is this home worth?
The estimated value of the home located at 1168 Shepard Lane is $0.
What are some comparable homes to 1168 Shepard Lane?
There are currently no comparable homes to 1168 Shepard Lane.
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