$695,000
SOLD AUG 20, 2021
Last list price

841 County Road 502 Stephenville, TX 76401

16 Beds
8 Baths
6,000 Sq Ft
3.9 Acres

Recently Sold

$116 Per Sq Ft

144 Days on Market

Highlights

  • Horses Allowed On Property
  • Covered patio or porch
  • Holding Pens
  • Hook Elementary School Rated A
  • 8 Car Attached Garage
  • 1-Story Property

About This Home

As of August 2021

Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.

Last Agent to Sell the Property

Rebekah Tackett

INFINITY REALTY License #0642667 Listed on: 01/23/2021

Co-Listed By

Ben Tackett

Monument Realty License #0671323

Monument Realty

Last Buyer's Agent

Ben Tackett

Monument Realty License #0671323

Monument Realty

Property Details

Home Type

  • Apartment

Year Built

  • Built in 1983

Lot Details

  • 3.9 Acre Lot
  • Cross Fenced
  • Barbed Wire
  • Aluminum or Metal Fence
  • Pipe Fencing
  • Net Fence
  • Large Grassy Backyard

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 6,000 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Luxury Vinyl Plank Tile Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • 8 Car Attached Garage
  • Side Facing Garage

Schools

  • Central Elementary School
  • Stephenvil Middle School
  • Gilbert Middle School
  • Stephenvil High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • No City Services
  • Well
  • Septic Tank
  • High Speed Internet

Additional Features

  • Covered patio or porch
  • Outside City Limits
  • Holding Pens
  • Horses Allowed On Property

Community Details

  • 8 Units
  • 6,000 Sq Ft Building

Listing and Financial Details

  • Assessor Parcel Number R000019986
  • $8,454 per year unexempt tax

Property Details

Home Type

Apartment

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 49386
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Horse Permitted Y N: Yes
  • Ratio Current Price By Building: 107.45833
  • Special Features: None
  • Year Built: 1983

Interior Features

  • Square Footage: 6000.00
  • Windows: Window Coverings
  • Interior Amenities: High Speed Internet Available
  • Flooring: Luxury Vinyl Plank
  • Appliances: Electric Range, Refrigerator, Vented Exhaust Fan

Beds/Baths

  • Full Bathrooms: 8
  • Total Bedrooms: 16

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Barbed Wire, Cross Fenced, Metal, Net, Pipe
  • Roof: Metal, Other
  • Construction Materials: Brick
  • Exterior Features: Covered Patio/Porch
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 8
  • Parking Features: Covered, Garage Faces Side
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, No City Services, Outside City Limits, Septic, Well

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Stephenville ISD
  • Elementary School: Central
  • High School: Stephenvil
  • School District: Stephenville ISD
  • Elementary School: Central
  • Intermediate School: Gilbert
  • Junior High School: Stephenvil
  • High School: Stephenvil

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 3 to < 5 Acres
  • Lot Features: Acreage, Lrg. Backyard Grass
  • Lot Size Units: Acres
  • Lot Size Area: 3.9000
  • Parcel Number: R000019986
  • Lot Size Acres: 3.9000
  • Lot Size Sq Ft: 169884.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1983
  • Units Total: 8

Multi Family

  • Gross Annual Expenses: 26742.00
  • Gross Annual Income: 76128.00
  • Insurance Expense: 2000
  • Tenancy: Month to Month, Over 9 Months, Pets Allowed, Pet Restrictions
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 8454

MLS Schools

  • MiddleOrJuniorSchool: Stephenvil
  • Elementary School Name: Central
  • High School Name: Stephenvil

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Price Changed $1,700,000 -10.5% $177 / Sq Ft
05/14/2025 05/14/25 Price Changed $1,899,000 -5.0% $198 / Sq Ft
01/22/2025 01/22/25 Price Changed $1,999,000 -5.9% $208 / Sq Ft
12/17/2024 12/17/24 For Sale $2,125,000 0.0% $221 / Sq Ft
12/16/2024 12/16/24 Price Changed $2,125,000 -3.4% $221 / Sq Ft
11/27/2024 11/27/24 Price Changed $2,200,000 -10.2% $229 / Sq Ft
10/30/2024 10/30/24 Price Changed $2,450,000 -2.0% $255 / Sq Ft
09/05/2024 09/05/24 For Sale $2,500,000 +259.7% $260 / Sq Ft
08/20/2021 08/20/21 Sold -- -- --
06/16/2021 06/16/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $695,000 0.0% $116 / Sq Ft
03/09/2021 03/09/21 Pending -- -- --
01/26/2021 01/26/21 Price Changed $695,000 +8.6% $116 / Sq Ft
01/23/2021 01/23/21 For Sale $640,000 +14.5% $107 / Sq Ft
02/15/2019 02/15/19 Sold -- -- --
12/06/2018 12/06/18 Pending -- -- --
07/23/2018 07/23/18 For Sale $559,000 -- $93 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lane Cooper

    Seller's Agent in 2024

    Lane Cooper

    Lane Cooper Real Estate

    (417) 331-9125

    111 Total Sales

    Lane Cooper
    Section Image
  • Rebekah Tackett

    Seller's Agent in 2021

    Rebekah Tackett

    INFINITY REALTY

    (254) 413-2535

    120 Total Sales

    Rebekah Tackett
    Section Image

  • B

    Seller Co-Listing Agent in 2021

    Ben Tackett

    Monument Realty

    (254) 485-7584

    115 Total Sales

    Ben Tackett
    Section Image

  • B

    Seller's Agent in 2019

    BARBARA HAMPTON

    BARBARA HAMPTON & ASSOCIATES

    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 14495328

North Texas Real Estate Information Systems (NTREIS)

Texas Erath County Stephenville 76401

841 County Road 502, Stephenville, TX

This home is located at 841 County Road 502, Stephenville, TX 76401 and is currently priced at $695,000, approximately $115 per square foot. This property was built in 1983. 841 County Road 502 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.

North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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