Listing provided courtesy of Maverick Land Group, LLC- MLS# 21209483MLS ProviderContact Information: Levi Gutierrez

20531 S Farm to Market 4Lipan, TX 76462

Multi-Family · 4 Beds · 3 Full Baths · 4,031 Sq. ft. | 3.44 Acres
$544,995 Active

20531 S Farm to Market 4 Overview

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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.

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20531 S Farm to Market 4 Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,031
  • Price/Sq.ft. $135
  • Lot 3.44 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Santo ISD
  • Elementary School: Santo
  • Middle Or Junior School: Santo
  • High School: Santo

Building Information

  • Year Built: 2012
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Palo Pinto
  • Postal City: LIPAN
  • Subdivision Name: none

General Information

  • Listing Terms: Cash,Conventional,1031 Exchange,FHA
  • Parcel Number: 5139
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 3
  • Bathrooms Half: 0
  • Bathrooms Total: 3
  • Bedrooms Total: 4

Building Interior

  • Building Area Source: Other
  • Building Area Total: 4031.0

General Information

  • Appliances: Some Gas Appliances,Dishwasher,Electric Range,Electric Water Heater,Gas Range,Microwave,Plumbed For Gas
  • Basement: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Concrete,Laminate
  • Foundation Details: Slab
  • Interior Features: Cathedral Ceiling(s),Eat-in Kitchen,High Speed Internet,In-Law Floorplan,Open Floorplan,Other
  • Levels: One
  • Security Features: Prewired
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Attached Carport,Covered,Driveway,Electric Gate,RV Access/Parking,Secured
  • Parking Total: 4.0

Lot Information

  • Lot Features: Acreage,Agricultural,Back Yard,Irregular Lot,Lawn,Pasture,Pond on Lot,Rolling Slope,Many Trees
  • Lot Size Acres: 3.44
  • Lot Size Area: 3.44
  • Lot Size Square Feet: 149846.4
  • Lot Size Units: Acres
  • Number Of Buildings: 3
  • Topography: Hill
  • Water Source: Community/Coop,Well

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Concrete,Steel Siding
  • Patio And Porch Features: Covered
  • Roof: Metal

General Information

  • Carport: No
  • Covered Spaces: 4.0
  • Exterior Features: Outdoor Shower,Private Entrance,Rain Gutters,RV Hookup,Storage
  • Fencing: Cross Fenced,Other,Perimeter
  • Number Of Units Total: 2
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Sewer: Septic Tank
  • Utilities: Electricity Available,Electricity Connected,Natural Gas Available,Septic Available,Separate Meters,Water Available

Unit Information

Unit 1 Details

  • Unit Type: 4 Bedroom Or More
  • Units Total: 0

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

20531 S Farm to Market 4 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

20531 S Farm to Market 4 Market Data

Based on the last 30 days in this zip code

$1,039,963
Average List Price
$420
Average Price per Square Foot
8
Properties Sold
126
Average Days on Market
50
Properties for Sale
Calculations provided by Reliance Network


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