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    693 Crk 501 Stephenville, TX 76401

    For Sale
    $1,295,000

    Ranch, Farm/Ranch - Stephenville, TX

    Type:Farm
    Property size:
    2,520 SF
    Lot size:
    15.00 Acres
    Days on Market:
    39
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 693 Crk 501

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    3
    APN
    R000015707
    Parking features
    Carport, Garage, Paved or Surfaced, RV
    Interior features
    Built-in Features, Granite Counters, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Washer
    Size
    2,520 SF
    Lot size
    15.00 Acres

    Utilities

    Heating system
    Central, Fireplace(s), Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Steel Siding, Stone, Stone Veneer
    Roof type
    Asphalt, Metal
    Architectural style
    Ranch

    Clark Real Estate Group (817) 458-0402

    Listing agent Clinton Mckeehan (817) 458-0402

    Listing date Oct 28, 2025

    MLS# 20823128 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Stephenville Horse Property with Income

    This income-producing horse property is located just 5 minutes from Stephenville. The property spans approximately 15.1 acres and includes a newly remodeled 2,520 sq. ft. main home with 4 bedrooms and 2.5 bathrooms, complete with an inground swimming pool. Suited for horse enthusiasts, the property features a lighted arena with a return alley and stock holding pens. Adjacent to the main home are three apartments, five 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 is generated from one 2-1 rental unit and two 1-1 rental units that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The five RV spaces are consistently rented and provide steady income. The property offers possibilities to live in the main house while generating income from the apartments and stalls.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.234835
    Latitude
    32.170688

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    FAQs

    What type of property is this?
    Horse & equestrian property - Income-producing horse property with remodeled home, apartments, RV hookups, stalls.
    Where is this horse & equestrian property located?
    The property is located at 693 Crk 501 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Income-producing horse property with rental income from apartments, RV hookups, and horse facilities.; - 15.1± acres (to be surveyed) located just 5 minutes from Stephenville.; - Remodeled 2,520 sq. ft. main house features 4 bedrooms, 2.5 bathrooms, and an inground swimming pool.
    (817) 458-0402
    Request Owner's contact information
    693 Crk 501 Stephenville, TX 76401
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    Stephenville, TX 76401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    693 Crk 501 Stephenville, TX 76401
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