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315 State Ave, Stephenville, TX, 76401

3beds
2baths
2,016sqft
$750,000
$372price/sqft
$5,261/moest. monthly cost
$210,440/yrincome needed

About This Home

Set in a quiet area only two miles west of Stephenville, Wright Way Ranch offers small-town living with country charm. This home features a practical layout and room to make it your own. The home sits on a beautiful hilltop where the view of the Texas sunrises can't be beat, all while being just minutes from an abundance of shopping and dining, as well as the much desired Tarleton State University.Just over 20 acres of native grasses and rolling terrain. The land is fully cleared with a handful of mature Live Oaks. Property features a metal well house with electricity for heating and lighting. There is also six pipe horse pens with water and electric located between them, allowing for a quick installation of heated water troughs if desired. Plenty of room for any recreational activities such as riding horses, four wheeling, dirt biking, and hunting. This property offers a mixture of different soil types. On the higher elevation where the home is located it is a sandy/clay gravely mix, making it an excellent foundation for the home. And as the property slopes downhill to the south it becomes more sandy loam making it ideal for grazing livestock or hay production. The home sets on the northwest corner of the property, leaving the rest of the property wide open letting you design it just the way you want it. Set where the rolling plains meet the edge of the Hill Country, Stephenville carries the kind of landscape that's long been suited for working land and wide-open living. This part of North Central Texas is known for its mix of gently rolling pastures, scattered oak groves, and productive soils that support both cattle operations and small acreage homesteads. The area holds tight to its agricultural roots, giving it a grounded, rural character while still offering the conveniences of a growing town. The climate here is classically Texan-warm, sun-filled, and built for the outdoors. Summers run hot with plenty of dry heat and long daylight hours, ideal for grazing and hay production. Fall brings a welcome cool-down, often stretching into mild, comfortable days that make it one of the best seasons to be outside. Winters are generally short and moderate, with only occasional cold snaps and very little snow. Rainfall is moderate and seasonal, typically arriving in spring and early fall, helping keep pastures green and stock tanks replenished. Periods of dry weather are part of the cycle, but the land is well-adapted to it, especially for ranching use. Steady breezes, open skies, and plenty of sunshine define day-to-day life here, making Stephenville a place where the climate works with the land-not against it. Whether you're running cattle, keeping horses, or just enjoying a quieter pace, this region offers a dependable setting shaped by tradition, resilience, and room to roam.   Stephenville is ideally positioned in North Central Texas, offering a strong balance of rural charm and everyday convenience. Located about 70 miles southwest of Fort Worth, the area provides easy access to the larger Dallas-Fort Worth metroplex while maintaining a quieter, small-town atmosphere. Known as the "Cowboy Capital of the World," Stephenville is deeply rooted in ranching and western heritage, which continues to shape the community's identity and lifestyle. The presence of Tarleton State University adds energy and economic stability, supporting local businesses, dining, and cultural opportunities. The town is well-connected by regional highways, making travel to surrounding communities and major employment centers straightforward. Residents enjoy a blend of local amenities-including shopping, healthcare, and schools-without the congestion of larger cities. Surrounded by rolling pastureland and open countryside, Stephenville offers a setting that appeals to those seeking space, accessibility, and an authentic Texas feel. Whether for full-time living, investment, or a rural retreat, its location provides both practicality and long-term appeal.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
19
BikeSomewhat Bikeable

Schools

6/10
9/10
6/10
Stephenville High SchoolGrades 9-123.1 mi

Construction

Condition

  • Year built: 2023

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area above ground: 2,016

Interior Area

  • Total structure area: 2,016
  • Total interior livable area: 2,016 sqft

Property

Details

  • Parcel number: R000077907
  • Lease amount: 0

Features

  • Frontage length: 0

Lot

  • Lot size: 20.70 Acres

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Tornado
    TornadoVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Wildfire
    WildfireRelatively High
  • Drought
    DroughtModerate
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Inland Flooding
Lightning
Strong Wind
Wildfire
Drought
Hail
Heat Wave
Winter Weather

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,792$45,504
Home Insurance *$681$8,172
Property Taxes $550$6,600
Electricity $238$2,859
Total$5,261$63,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$180,377/yr
40% on housing$157,830/yr
45% on housing$140,293/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.3%
-1.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$372This listing

vs Other Active Listings

Avg $/sqft

ZIP 76401$295
Erath County$314

vs Homes Sold Last Month

Median $/sqft

ZIP 76401$192
Erath County$201

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Listed for sale$750,000
2026-01-26Sold--
2025-12-27Contingent$545,000
2025-11-03Listed for sale$545,000
2025-11-01Listing removed$575,000
2025-05-15Listed for sale$575,000
2025-05-14Listing removed$585,000
2025-01-22Price change$585,000
2024-11-13Listed for sale$615,000

For Sale by Agent

AgentIsaac Diaz
BrokerageHayden Outdoors Real Estate

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