20531 S Farm to Market 4 Lipan, TX 76462
4 Beds
3 Baths
4,031 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,031 sqft
Price per Sqft $135
MLS Listing ID 21209483
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 2012
Lot Size 3.440 Acres
Acres 3.44
Property Description
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.
Location
State TX
County Palo Pinto
Direction 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
Interior
Interior Features Cathedral Ceiling(s), Eat-in Kitchen, High Speed Internet, In-Law Floorplan, Open Floorplan, Other
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s), Wall Unit(s)
Flooring Concrete, Laminate
Fireplace No
Appliance Some Gas Appliances, Dishwasher, Electric Range, Electric Water Heater, Gas Range, Microwave, Plumbed For Gas
Exterior
Exterior Feature Outdoor Shower, Private Entrance, Rain Gutters, RV Hookup, Storage
Parking Features Attached Carport, Covered, Driveway, Electric Gate, RV Access/Parking, Secured
Fence Cross Fenced, Other, Perimeter
Pool None
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Septic Available, Separate Meters, Water Available
Water Access Desc Community/Coop,Well
Roof Type Metal
Topography Hill
Porch Covered
Road Frontage All Weather Road
Total Parking Spaces 4
Garage No
Building
Lot Description Acreage, Agricultural, Back Yard, Irregular Lot, Lawn, Pasture, Pond on Lot, Rolling Slope, Many Trees
Foundation Slab
Sewer Septic Tank
Water Community/Coop, Well
Level or Stories One
Schools
Elementary Schools Santo
Middle Schools Santo
High Schools Santo
School District Santo Isd
Others
Tax ID 5139
Security Features Prewired
Acceptable Financing Cash, Conventional, 1031 Exchange, FHA
Listing Terms Cash, Conventional, 1031 Exchange, FHA
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21209483