A 1-acre homesite at 130 County Road 464. The old buildings are coming down. The infrastructure that matters — water, electricity, a perimeter fence — is already in place.
Most small-acreage lots in central Texas come with raw dirt and a power-company waitlist. This one doesn't.
Texas won't let you drill a new water well on properties under 5 acres. This lot already has one in place, with a working pressure system. That's a $3,000–$15,000 line item most buyers don't realize they're missing until they try.
UCS (Tri-County Electric Cooperative) pole release is on file. Electric service is established at the lot — no utility wait, no $5K–$15K infrastructure surprise. Pick a home, get a meter, get connected.
The cedar privacy fence is staying. It runs about two-thirds of the way around the lot. Move-in or build-day, you've already got a head start on enclosure, screening, and quiet.
Post-protest assessment of ~$90,000 puts the annual tax bill at roughly $600/yr. No homeowners association. Not in a 100-year or 500-year flood zone. No deed restrictions on file.
Every fact below is sourced to the property's closing documents, the Erath County Appraisal District, or the on-file utility paperwork. Footnotes point to the source file in the research folder.
| Address | 130 County Road 464, Lipan, TX 76462 [1] |
|---|---|
| County | Erath County — not Hood. The 76462 zip spans three counties, and the parcel is in Erath. [1] |
| Lot size | 1.00 acre [1] |
| Cost basis (acquisition) | $91,146 (cash purchase, Aug 22 2025) [1] |
| Current tax assessment | ~$90,000 post-protest (down from $149,300) [2] |
| Annual property tax | ~$600/yr at the post-protest rate [2] |
| Water | Well in place (private) [3] |
| Sewer | Septic — condition not yet inspected (see "what we don't know yet" below) |
| Electric | UCS / Tri-County Electric Cooperative; pole release on file [4] |
| Internet options | Brightspeed, Starlink, HughesNet, Nomad, TravlFi [5] |
| Privacy fence | Wood privacy fence, ~2/3 of the perimeter, retained during cleanup |
| HOA | None [3] |
| Floodplain | Not in 100-year or 500-year flood zone; no FEMA claims on file [3] |
| Deed restrictions | None on file [3] |
| Active lawsuits | None affecting the property [3] |
| Title underwriter | First American Title Guaranty Company [1] |
Three things are commonly asked but not yet verified for this parcel. They are flagged here so nothing is papered over:
The marketing copy above will not say things that aren't true. This section names the things a buyer might assume, but should not.
A specific lot-only asking price is not listed here. The numbers below are the verified bands and the seller's documented cost basis, so a serious buyer can see where the property sits in the market.
| Seller cost basis | $91,146 (cash, Aug 2025, arm's-length close) |
|---|---|
| Current tax assessment | ~$90,000 (post-protest) |
| As-is pricing band (studs condition) | $45,000 – $115,000 (cash investor and MLS exposure ranges, per rural-Erath comparables) |
| Finished-home ARV (3BR/2BA on 1 ac) | $165,000 – $222,000 (likely ~$192,000, anchored to in-town Lipan comps: Gandy $174.9K, Kickapoo $189.9K, W Brown $235K) |
| Lot-only asking | Set by the seller on a per-lead basis. Submit the form below for the current number. |
Four old structures are being demolished and removed as part of the property restoration. The privacy fence is staying. Once the demo is complete, the lot is a clean 1-acre pad with a perimeter fence on the long sides, an operating well, an electric service, and a septic system of unknown condition (inspectable at buyer expense).
Yes. Manufactured homes are permitted on this lot under Erath County rules, subject to standard permitting, foundation, and tie-down requirements. If you're interested in a one-time-close land + new manufactured home package, see the package page.
Yes. The lot is not restricted to manufactured housing. Site-built (stick-built) homes are allowed under standard Erath County permitting, subject to the well restriction noted below.
No. Under current Texas rules, new water wells cannot be drilled on properties under 5 acres. This lot already has a well in place; that well is the source of water for the home you build.
No. The seller's disclosure states the property is not in a 100-year or 500-year flood zone, and there are no FEMA claims on file.
No HOA on file. No deed restrictions on file. Erath County rules apply.
Several options are confirmed for the 76462 zip: Brightspeed (DSL/fiber where available), Starlink ($120/mo residential), HughesNet, Nomad, and TravlFi. Speeds and pricing vary; Starlink is the most common rural solution at this address.
By default, the buyer and seller split customary Texas closing costs. Specific terms are negotiable as part of any offer.
Send your name and how to reach you. Tell us what you're thinking of building. We'll come back with the current asking price, a copy of the property facts packet, and answers to anything you want to dig into.
Submitting this form does not obligate you to buy, list, or contact anyone. We don't share your information. Replies usually come back within 24 hours.