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$229,000

204 S Lillis Ln, Denison, TX, 75020

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths1,100 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.18 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Cooktop, Electric Oven, Refrigerator
FlooringVinyl

Exterior

Lot Size7,501 sqft

Building Information

Year Built1961
Garage Spaces1

Land Information

APND019 3187003
Lot Number3
SubdivisionSims J B 1st Addn
Land UseResidential
Legal DescriptionSIMS J B 1ST ADDN, BLOCK 1, LOT 3, ACRES .1722
Census Tract000800
Assessed Land Value$50,625
Assessed Improvement Value$81,555
Assessment Year2025

About this property

Completely renovated and move-in ready in Denison! This beautifully updated 4-bedroom, 2.5-bath home has been renovated from top to bottom, with major systems updated for peace of mind. Recent improvements include a brand-new HVAC system, all-new electrical wiring and panel, all-new PEX plumbing, and foundation repairs completed in May. Inside, you will find a stunning new kitchen featuring a brand-new stove and included refrigerator, beautifully remodeled bathrooms, fresh modern flooring, and updated lighting throughout. The extensive renovations make this home truly move-in ready. Step outside to enjoy a private backyard shaded by mature trees, perfect for relaxing or entertaining. The location is hard to beat, with an elementary school nearby, just a 2-minute drive to downtown Denison and quick access to Highway 75 for an easy commute. Major renovations, modern updates, and an excellent location make this Denison home a must-see!

Investor Tools

$125,087Estimated Mortgage Balance
$42,913Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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James Spece

James Spece - Realtor Inc.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$96/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$316
$116,765
2025
$50,625
$81,555
$132,180
No

Tax History

Year
Tax Paid
Assessed Value
2024
$316
$116,765

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Trident Realty Investments Llc A Texas L
Commercial
$126,000
No
First
Mar 11, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$125,087
$58,913
32%
74%
$756/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Denison

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