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Lipan 76462
202 Gandy Street
$110,000
● House - Off Market

202 Gandy Street

Lipan, TX 76462
bedrooms
2 Beds
bathrooms
0 Bath
square feet
1,288 Ft²
$590
Est. Monthly

About This Property

GREAT FIXER UPPER OR INVESTMENT PROPERTY ON LARGE CORNER LOT (approx 0.45 acres) in LIPAN within walking distance of School, Stores, Bank, Churches, etc.  This House has Great Potential but has not been occupied for many years and will require some renovation.  Also includes a 24X38X10 Carport on Concrete Slab and a Large 32X38X12-16 slabbed Shop with 1-10X14 Roll Up Door and 1-14X14 Roll Up Door and another 12X18 Storage Shed.  This Property has GREAT POTENTIAL as has been patiently waiting for the Right Buyer!  Seller is not interested in making repairs, sells AS IS.
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$93
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1942

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (NTREIS #20804090)

Price History

Date / Event Date Event Price
Feb 18, 2025 Sold
Premium
Sold
Dec 28, 2024 Listed by CLARK REAL ESTATE GROUP $119,999
Listed by CLARK REAL ESTATE GROUP

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • 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: 10
  • Garage Square Area: 1,680
  • Parking Space Count: 10
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,952
  • Total Building Area: 1,288
  • Building Area: 1,288
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,288
  • 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: 0000000180
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: LOT: PT BLK: 2 SUBD: AIKEN W J NE

Neighborhood

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

Geography

  • Parcel: 15820.002.0030.0
  • Block: 2
  • Lot: PT
  • Municipality: LIPAN
  • Latitude: 32.5195
  • Longitude: -98.0443

    Address

  • Full Address: 202 Gandy St
  • Address - House Number: 202
  • Address - Street Name: Gandy
  • Address - Suffix Type: St
  • State: TX
  • City Name: Lipan
  • Carrier Code: R005
  • 4-Digit Zip Code: 2410
  • Zip Code: 76462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $227,610

    Appraisal Valuation

  • Standard Deviation: 0.1964
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 73
  • Final Value: 205,281
  • High Value: 245,614
  • Low Value: 164,949

    Market Valuation

  • Market Total Value: $141,890
  • Market Land Value: $28,000
  • Market Improvement Value: $113,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $141,890
  • Assessed Land Value: $28,000
  • Assessed Improvements Value: $113,890

    Sales

  • Current Sale Contract Date: Apr 08, 2003
  • Current Sale Recording Date: Apr 08, 2003
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 14, 1997
  • Previous Sale Contract Date: Jan 14, 1997
  • Previous Sale Document Type: 27
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: Brad Harrison, CLARK REAL ESTATE GROUP
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20804090
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 202 Gandy Street built and last sold?
The property at 202 Gandy Street was built in 1942 and last sold on Apr 8, 2003 for $0.
How much is this home worth?
The estimated value of the home located at 202 Gandy Street is $124,777.
What are some comparable homes to 202 Gandy Street?
There are currently no comparable homes to 202 Gandy Street.
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