$3,950,000
SOLD OCT 17, 2022
Last list price

15205 Morgan Mill Hwy Lipan, TX 76462

3 Beds
3.5 Baths
2,278 Sq Ft
51.16 Acres

Recently Sold

$1,734 Per Sq Ft

67 Days on Market

Highlights

  • Barn or Stable
  • 51.16 Acre Lot
  • Vaulted Ceiling
  • Lipan Elementary School Rated A-
  • Modern Farmhouse Architecture
  • Wood Flooring

About This Home

As of March 2025

The opportunity is available to own this Gorgeous 50 Acre Horse Ranch in Lipan, TX. Recently built and ready for your horse, no detail has been left unturned! Perfectly designed with a ShowBarn attached to the 125x125 Covered Arena will meet your discipline’s needs to work horses. The ShowBarn features 8 14x14 stalls, wash rack and feed room, and designed with a drive-thru alley. Just completed 25x55 with 4’ eyebrow commodity shed has 1 open and 2 closed bays. Over 8000ft of top rail fencing, multiple turnout pastures and a large 10 acre cattle pasture. Cattle pens attached to the arena along with the alley way to move cattle or horses up from all pastures.

Now to the tastefully design Farm house with open modern feel and great color scheme throughout! This home was backed down to the studs and completely reconstructed. This 3 beds 3 baths plus study is inviting and sure to check the ladies boxes. 25 min to Stephensville, Granbury, Weatherford and 1h 10min to Ft Worth.

Last Agent to Sell the Property

Sissy Herring

TEXAS PROUD REAL ESTATE LLC Listed on: 07/16/2022

Last Buyer's Agent

Katie Miller

The Ashton Agency License #0740942

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $87

Year Built

  • Built in 2021

Lot Details

  • 51.16 Acre Lot
  • Cross Fenced
  • Wood Fence
  • Net Fence
  • Pipe Fencing
  • Back Yard

Parking

  • 2-Car Garage with two garage doors
  • Side Facing Garage

Home Design

  • Modern Farmhouse Architecture
  • Ranch Style House
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 2,278 Sq Ft Home
  • Vaulted Ceiling
  • Decorative Lighting
  • Propane Fireplace
  • Attic Fan
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage
  • Rain Gutters

Schools

  • Lipan Elementary And Middle School
  • Lipan High School

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Barn or Stable

Utilities

  • Central Air
  • Heating Available
  • Co-Op Electric
  • Well
  • Tankless Water Heater
  • Septic Tank
  • High Speed Internet

Additional Features

  • Outside City Limits
  • Pasture

Listing and Financial Details

  • Assessor Parcel Number R000045808

Home Details

Home Type

Single Family

Est. Annual Taxes

$87

Year Built

Built in 2021

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Modern Farmhouse
  • Structural Style: Farm/Ranch House, Resort Property
  • Unit Levels: One
  • Restrictions: Agricultural
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Horse Permitted Y N: Yes
  • Attribution Contact: 254-965-0711
  • Special Features: NewHome
  • Year Built: 2021

Interior Features

  • Square Footage: 2278.00
  • Fireplace Features: Propane
  • Interior Amenities: Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Ceramic Tile, Hardwood
  • Appliances: Dishwasher, Disposal, Electric Water Heater, Gas Cooktop, Refrigerator, Tankless Water Heater
  • Basement YN: No
  • Fireplaces: 1
  • Room Count: 1

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Easements: Electric
  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Fencing: Back Yard, Cross Fenced, Fenced, Net, Pipe, Wood
  • Roof: Composition
  • Soil Type: Clay, Sandy Loam
  • Construction Materials: Board & Batten Siding, Wood
  • Exterior Features: Covered Patio/Porch, Rain Gutters, Stable/Barn, Storage

Garage/Parking

  • Cooling System: Attic Fan, Central Air
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Parking Features: 2-Car Double Doors, Garage Faces Side
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Electric
  • Utilities: Co-op Electric, Outside City Limits, Septic, Well

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Lipan ISD
  • Elementary School: Lipan
  • Middle School: Lipan
  • High School: Lipan
  • School District: Lipan ISD

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 50 to =< 100 Acres
  • Lot Features: Acreage, Pasture
  • Lot Size Units: Acres
  • Lot Size Area: 51.1640
  • Parcel Number: R000045808
  • Lot Size Acres: 51.1640
  • Lot Size Sq Ft: 2228703.8400
  • Assessor Parcel Number 2: R000045807,94381,106689

Green Features

  • Smart Home Features Appor Pass Y: Yes

Building Info

  • Year Built: 2021

MLS Schools

  • Middle School Name: Lipan
  • Elementary School Name: Lipan
  • High School Name: Lipan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2022
Closed on
Oct 17, 2022
Sold by
Salvador Christopher and Salvador Kira
Bought by
Bar M Enterprises Llc
Seller's Agent
Sissy Herring
TEXAS PROUD REAL ESTATE LLC
Buyer's Agent
Katie Miller
The Ashton Agency
List Price
$3,950,000
Views
5
Current Estimated Value
$3,005,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,782,743
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2020
Sold by
Stewart Larry G and Stewart Julia Suzanne
Bought by
Salvador Christopher and Salvador Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$595,000
Interest Rate
4.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 2, 2008
Sold by
Petrey Clinton Lee
Bought by
Stewart Larry Gee

Purchase Details

Closed on
Sep 13, 1988
Sold by
**No Previous Owner**
Bought by
Stewart Larry Gee
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Mcknight Title
Vendors Lien -- King Title Co
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,000,000 New Conventional
Previous Owner $200,000 Stand Alone Second
Previous Owner $595,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Sold -- -- --
02/11/2025 02/11/25 Pending -- -- --
10/17/2022 10/17/22 Sold -- -- --
09/21/2022 09/21/22 Pending -- -- --
08/16/2022 08/16/22 Price Changed $3,195,000 -12.5% $1,403 / Sq Ft
08/01/2022 08/01/22 Price Changed $3,650,000 -7.6% $1,602 / Sq Ft
07/16/2022 07/16/22 For Sale $3,950,000 -- $1,734 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $87 $6,400 $6,400 $0
2023 $95 $7,000 $7,000 $0
2022 $77 $4,800 $4,800 $0
2021 $67 $4,000 $4,000 $0
2020 $1,116 $62,150 $1,720 $60,430
2019 $1,124 $58,960 $1,400 $57,560
2018 $721 $37,830 $1,360 $36,470
2017 $752 $39,010 $1,360 $37,650
2016 $738 $38,270 $1,360 $36,910
2015 $659 $37,410 $1,360 $36,050
2014 $659 $36,850 $800 $36,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20115404

North Texas Real Estate Information Systems (NTREIS)

APN: R000045808