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Days398Days on Market
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$37,000

$42,500

509 E Shepherd Street, Denison, TX, 75021

On MarketInfo
Price DropInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7,749 sqft

Land Information

APND026 3228022
Lot Number13
SubdivisionWinans Addn
Land UseResidential
Legal DescriptionWINANS ADDN, BLOCK 2, LOT 13, ACRES 0.1779
Census Tract000200
Assessed Land Value$31,992
Assessment Year2025

About this property

Welcome to 509 E Shepherd Street in Denison, Texas, a prime .178-acre homesite offering a rare opportunity to build your dream home in a well-established neighborhood just minutes from vibrant downtown Denison. This level and mostly cleared lot provides the ideal foundation for new construction with utilities available at the street and no HOA restrictions, allowing for design flexibility and creative freedom. Nestled on a quiet street lined with mature trees and classic Texas charm, the property offers peaceful surroundings while remaining close to shopping, dining, schools, and local events. Whether you're building your primary residence or investing in the area's growth, this property is an excellent fit for those seeking a balance between community connection and outdoor adventure. One of the standout features of this location is its close proximity to Lake Texoma, located just 10 miles away. Known as one of the largest and most popular lakes in the region, Lake Texoma offers over 89,000 acres of open water, more than 1,000 miles of shoreline, and countless recreational opportunities. Residents enjoy easy access to boating, fishing, paddleboarding, and lakeside picnics. The nearby Eisenhower State Park provides scenic hiking trails, campgrounds, and panoramic lake views, making it a favorite destination for weekend outings and nature lovers. In addition to Lake Texoma, this property is conveniently situated near several local parks including Munson Park and Forest Park, offering playgrounds, open green spaces, and sports facilities that add to the appeal of everyday living in Denison. The neighborhood is part of the growing Texoma region, which continues to attract new development, cultural attractions, and community initiatives. With its blend of peaceful residential setting and close proximity to outdoor recreation, 509 E Shepherd Street is a compelling option for buyers looking to enjoy both small-town warmth and the adventure of lakeside living.

Investor Tools

Property Icon
$42,000
Estimated Property Value
$0Estimated Mortgage Balance
$42,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Lisa Hitchcock

Easy Life Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$88/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$844
$31,992
2025
$31,992
N/A
$31,992
No

Tax History

Year
Tax Paid
Assessed Value
2024
$844
$31,992

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$42,000
100%
0%
$0/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.

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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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509 E Shepherd Street | Property Details | No Agent List