$1,295,000

693 County Road 501 Stephenville, TX 76401

Estimated payment $9,349/month

Total Views 18,099
4 Beds
2.5 Baths
2,520 Sq Ft
$514 Price per Sq Ft

Highlights

  • Arena
  • Hook Elementary School Rated A
  • Cattle or Livestock Pen

About This Home

Every once in a while and opportunity like this presents it's...don't let this one get away! Exceptional income-producing horse property, just 5 minutes from Stephenville! Spanning approximately 15.1 acres (to be surveyed), this beautiful property features a newly remodeled 2,520 sq. ft. 4 bed and 2.5 bath main home complete with an inground swimming pool. Ready for the horse enthusiasts, the property boasts a lighted arena with a return alley and stock holding pens. Adjacent to the main home, you'll find three apartments, 5 full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms. Rental income from one 2-1 rental unit and two 1-1 rental unit that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The 5 RV spaces are consistently rented and provide steady income. This property offers endless possibilities: live comfortably in the main house while generating income from the apartments and stalls, or enjoy it all to yourself. Opportunities like this are rare, dont let it slip away!

Listing Agent

Tim Clark

Clark Real Estate Group License #516005 Listed on: 02/27/2025

Listing Provided By

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,198

Lot Details

  • Property fronts a county road
  • Current uses include agriculture, equine, grazing, residential multi-family, residential single
  • Potential uses include agriculture, equine, grazing, residential multi-family, residential single

Bedrooms and Bathrooms

  • 4 Bedrooms

Farming

  • Cattle or Livestock Pen
  • Fenced For Cattle
  • Fenced For Horses

Horse Facilities and Amenities

  • Horses Allowed On Property
  • Corral
  • Arena

Utilities

  • 2 Water Wells

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,198

Lot Details

0

Listing Details

  • Bedrooms: Beds: 4
  • BathsCombined: 2
  • Office Phone: 817-578-0609
  • Listing Website: https://www.land.com/property/15-acres-in-erath-county-texas/22741221/
  • Property Type: Residential
  • Property Sub-Type: Single-family Detached
  • Offered By: LandNetwork
  • Outside Features: Cattle Working Pen, Corrals, Fenced for Cattle, Fenced for Horses, Outdoor Arena
  • Potential Use: Agriculture, Equine, Grazing, Residential Multi-Family, Residential Single
  • Number of Wells: 2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Exterior Features

  • Road Description: County

Lot Info

  • Current Use: Agriculture, Equine, Grazing, Residential Multi-Family, Residential Single
  • Lot Description: Acreage, Horses Permitted

Map

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

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 $26,198 $9,720 $0 $0
2023 $15,878 $9,360 $0 $0
2022 $12,157 $776,010 $0 $0
2021 $5,747 $0 $0 $0
2020 $3,282 $189,350 $20,400 $168,950
2019 $2,899 $178,970 $20,000 $158,970
2018 $2,515 $146,530 $20,000 $126,530
2017 $2,507 $146,060 $20,000 $126,060
2016 $2,400 $139,870 $18,500 $121,370
2015 $2,136 $135,420 $18,500 $116,920
2014 $2,136 $135,420 $18,500 $116,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2025 01/21/25 For Sale $1,295,000 -- $514 / Sq Ft

Mortgage History

Date Status Loan Amount Loan Type
Closed $200,000 Credit Line Revolving
Closed $134,000 Credit Line Revolving
Source: Public Records

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Texas Erath County Stephenville 76401

693 County Road 501, Stephenville, TX

This home is located at 693 County Road 501, Stephenville, TX 76401 and is currently priced at $1,295,000, approximately $513 per square foot. 693 County Road 501 is a home located in Erath County with nearby schools including Central Elementary School, Hook Elementary School, and Chamberlin Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Tim Clark
Listing Agent
Tim Clark
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Clark Real Estate Group
(817) 578-0609