20531 S Farm to Market 4
Lipan, TX, 76462
$
544,995
Bedrooms4
Baths3.0
Monthly Estimate*
$
3,356
for $544,995 with 4 bedrooms and 3 full baths. This home was built in 2012 on a lot size of 3.44.
Income Potential Meets Country Living!
Discover a rare opportunity on 3.44 well-maintained acres in highly sought-after Santo ISD, just outside the city limits. With multiple homes, guest space, and a large shop, this versatile property is perfectly suited for multi-generational living, rental income, or a home-based business—all in one location. The main home (1,991 sq ft) features 2 bedrooms, 2 bathrooms, a spacious living area, utility room, and a large game room, along with a covered carport and patio—ideal for comfortable everyday living. A second home (840 sq ft) includes 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches. This space is perfect for long-term rental, short-term rental income, or extended family. The property also includes a charming 144 sq ft cottage, providing additional private space for guests, an office, or another potential rental opportunity. For those needing workspace, the 30×40 foam-insulated shop with a 20×15 office and bathroom creates an excellent setup for a home business, workshop, or additional income venture. Water sources include co-op water for one home and well water for the other, adding convenience and flexibility. Located centrally between Stephenville, Granbury, Mineral Wells, and Gordon, you’ll enjoy easy access to shopping, dining, medical facilities, and more while still experiencing peaceful country living. Whether you’re looking for a strong income-producing investment, a multi-family setup, or room for a growing family, this property offers endless possibilities.
See more
Features
Interior
Interior Features
Cathedral Ceiling(s)
Eat-in Kitchen
High Speed Internet Available
In-Law Suite Floorplan
Open Floorplan
Other
Flooring
Concrete
Laminate
Basement Y/N
0
Total Units
2
Half Baths
0
Total Bedrooms
4
Total Baths
3
See more
General
Heating
Central
Electric
Complex Name
NA
Cooling
Ceiling Fan(s)
Central Air
Wall Unit(s)
Utilities
All Weather Road
Co-op Electric
Co-op Water
Electricity Connected
Individual Gas Meter
Individual Water Meter
Outside City Limits
Septic
Well
Possession
Closing/Funding
Roof
Metal
Appliances
Dishwasher
Electric Range
Electric Water Heater
Gas Range
Microwave
Plumbed For Gas in Kitchen
School District
Santo ISD
Pool Y/N
0
Year Built
2012
Levels
One
Property Subtype
Multiple Single Units
Subdivision Name
none
Occupant Type
Owner
County
Palo Pinto
Property Type
Residential Income
Construction Materials
Concrete
Steel Siding
Year Built Details
Preowned
HOA Type
None
# of Buildings
3
Full Baths
3
Status
Active
Directions
From I-20 take US 281 South to FM 4
turn right on FM 4 and property is approximately 2.7 miles on the right. GPS friendly. SOP
City
Lipan
Elementary School Name
Santo
High School
Santo
Elementary School
Santo
Standard Status
Active
Listing Terms
1031 Exchange
Cash
Conventional
FHA
See more
Exterior
Waterfront
0
Exterior Features
Covered Patio/Porch
Rain Gutters
Outdoor Shower
Private Entrance
RV Hookup
Storage
Lot Features
Acreage
Agricultural
Hilly
Irregular Lot
Lrg. Backyard Grass
Many Trees
Pasture
Tank/ Pond
Fencing
Cross Fenced
Perimeter
Other
Parking Features
Attached Carport
Covered
Driveway
Electric Gate
RV Access/Parking
Secured
Lot Size
3 to < 5 Acres
Foundation
Slab
Building Area Total
4031.00
Garage Y/N
0
See more
* Excluded Features
List By
Levi Gutierrez
Listing Agent
Maverick Land Group, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $3,356
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Multi-family listings in Lipan, TX
Average List Price
$484,998
Percent of Sale Price
11%
About Lipan, TX
405
Population
27%
Since 2002
$
54,423
Median Income
44.45
Median Age
27%
Households with Children
Trends Information provided by ATTOM Data Solutions.
287909
Elementary School
5136273
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
3/16/2026
|
$544,995
|
|
Listed Price
|