$514,900
↓ $10K (1.9%)
●
House -
For Sale
311 Dennis Road
Lipan, TX 76462
3 Beds
2 Baths
1,680 Ft²
$2,529
Est. Monthly
About This Property
Great location on the outskirts of Lipan! This 3-bedroom,
2-bathroom brick home was extensively remodeled in 2025, featuring
a completely updated kitchen and two beautifully refreshed
bathrooms. Perfect for small-acreage living, the property includes
a metal barn equipped with water, electricity, and a concrete
slab-ideal for 4H-FFA projects or livestock. An additional
climate-controlled outbuilding currently serves as an office and
storage space, complete with an attached shed and chicken coop.
Bring your horses or livestock! Includes Lipan city water, natural
gas, and high-speed internet. A rare find in this area-don't miss
out!
*Listing includes all improvements and 2.294 acres. There is an additional 2.282 acres available for an additional cost*
*Listing includes all improvements and 2.294 acres. There is an additional 2.282 acres available for an additional cost*
Unit Size
1,680 Ft²
Days on Market
-
Land Size
2.29 acres
Price per sqft
$306
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974
Listed By
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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: 11 hours ago (NTREIS #21391359)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2026 | Price Decreased |
$514,900
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Sep 20, 2026 | Listed by Clark Real Estate Group | $524,900 | |
| Listed by Clark Real Estate Group | |||
| Nov 14, 2023 | Sold | ||
| Sold | |||
| May 20, 2023 | Listed by CLARK REAL ESTATE GROUP | $489,995 | |
| Listed by CLARK REAL ESTATE GROUP | |||
| | |||
|
PERFECTLY LOCATED 4.576 AG EXEMPT ACRES within the City Limits of LIPAN!!! This is the One You've Been Waiting For! 3BR 2B Brick Home with 4H-FFA Project Barn and Pens. Home was Remodeled in 2009 and a few Updates have also been done recently including a New Roof! Also features a heated and cooled Out Building currently used for an Office and Storage with an attached Shed and Chicken Coop. The majority of the property is in cultivation and has been used for grazing often planting two crops per year. Perfect for a few head of Livestock or a couple of Horses. Has Lipan City Water, Natural Gas and High Speed Internet. Rare Find in this Area! DON'T MISS THIS ONE!!!
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Has Carport
Parking Features: Circular Driveway, Detached Carport, Driveway, Garage, Garage Door Opener, Garage Faces Front
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Interior Features: Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan
Appliances: Dishwasher, Dryer, Electric Oven, Gas Cooktop, Gas Water Heater, Refrigerator, Water Softener, Plumbed For Gas in Kitchen
Flooring Type: Carpet, Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Utility Room, Full Size W/D Area
Exterior Details
Square Footage: 1680
Security Features: Smoke Detector(s)
Architectural Style: Ranch
Year Built: 1974
Levels: One
Other Structures: Barn(s), Outbuilding, Storage
Construction Materials: Brick, Wood Siding, Siding
Patio and Porch Features: Covered
Lot Features: Agricultural, Few Trees, Level, Pasture
Lot Size Area: 2.294
Lot Size Units: Acres
Lot Size Acres: 2.294
Lot Size Square Feet: 99926.64
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Central, Electric
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lipan
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Listed by: Brad Harrison, Clark Real Estate Group
Last Updated: 11 hours ago
Data Source: NTREIS MLS, MLS# 21391359
Details provided by NTREIS and may not match the public record
Last Updated: 11 hours ago
Data Source: NTREIS MLS, MLS# 21391359
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
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