Property is REO – Bring Your Ideas and Unlock the Potential of This Rare 4.855 Acre Opportunity in Denison!
Investor Special! Incredible opportunity to bring this property back to life. This 3-bedroom, 1-bath home includes a living room, dining area, and 1-car garage, providing a solid foundation for a full renovation or complete redesign. Nestled on 5 beautiful acres, the property offers endless potential for expansion, outdoor living, or future development.
The home requires a total rehab and is ideal for investors, fix-and-flip projects, or homeowners looking for a rural retreat they can customize from the ground up. Enjoy peaceful country living while still being just a short drive from town amenities. Surrounded by mature trees and open space, this property offers privacy, room to grow, and the freedom to create your vision.
Perfect For Investors, Fix & flip, rehab projects, and Country Living Enthusiasts. Buyer and buyer's agent to verify all information, including schools, measurements, HOA, etc.
For sale
Price cut: $20K (3/12)
$254,900
492 Richerson Rd, Denison, TX 75021
3beds
1,300sqft
Est.:
Farm, Single Family Residence
Built in 1960
4.86 Acres Lot
$244,200 Zestimate®
$196/sqft
$-- HOA
What's special
Dining areaSurrounded by mature treesOpen space
- 103 days |
- 382 |
- 13 |
Likely to sell faster than
Zillow last checked: 7 hours ago
Listing updated: March 12, 2026 at 07:44am
Listed by:
Karen Peoples 0582405 214-244-5088,
Vylla Home 713-647-2349
Source: NTREIS,MLS#: 20940518
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: First
- Dimensions: 13 x 12
Bedroom
- Level: First
- Dimensions: 12 x 10
Bedroom
- Level: First
- Dimensions: 12 x 12
Dining room
- Level: First
- Dimensions: 1 x 1
Other
- Features: Built-in Features
- Level: First
- Dimensions: 10 x 10
Kitchen
- Features: Breakfast Bar, Built-in Features, Eat-in Kitchen, Stone Counters
- Level: First
- Dimensions: 13 x 13
Living room
- Level: First
- Dimensions: 19 x 12
Utility room
- Features: Closet
- Level: First
- Dimensions: 1 x 1
Heating
- Central, Electric
Appliances
- Included: Electric Cooktop, Electric Oven
- Laundry: Common Area, In Kitchen
Features
- Cedar Closet(s), Chandelier, Granite Counters, Kitchen Island, Paneling/Wainscoting, Cable TV
- Flooring: Ceramic Tile, Other
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Decorative, Family Room, Living Room, Other
Interior area
- Total interior livable area: 1,300 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Door-Single, Garage, Outside
- Attached garage spaces: 1
- Carport spaces: 1
- Covered spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered
- Exterior features: Other, Private Yard
- Pool features: None
- Fencing: Metal,Partial,Wire
Lot
- Size: 4.86 Acres
- Features: Acreage
Details
- Additional structures: Poultry Coop, Shed(s)
- Parcel number: 113276
Construction
Type & style
- Home type: SingleFamily
- Architectural style: A-Frame,Other,Ranch,Traditional,Detached,Farmhouse
- Property subtype: Farm, Single Family Residence
Materials
- Frame, Other
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Water: Community/Coop, Well
- Utilities for property: Septic Available, Water Available, Cable Available
Community & HOA
Community
- Subdivision: Y S Dl & Ha Coleman Surv Abs #
HOA
- Has HOA: No
Location
- Region: Denison
Financial & listing details
- Price per square foot: $196/sqft
- Tax assessed value: $386,144
- Annual tax amount: $6,395
- Date on market: 12/12/2025
- Cumulative days on market: 105 days
- Listing terms: Cash
Estimated market value
$244,200
$232,000 - $256,000
$1,325/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Price change | $254,900-7.3%$196/sqft |
Source: NTREIS #20940518 Report a problem | ||
| 2/13/2026 | Price change | $274,900-5.2%$211/sqft |
Source: NTREIS #20940518 Report a problem | ||
| 1/14/2026 | Price change | $289,900-3.3%$223/sqft |
Source: NTREIS #20940518 Report a problem | ||
| 12/12/2025 | Listed for sale | $299,900+33.3%$231/sqft |
Source: NTREIS #20940518 Report a problem | ||
| 7/3/2019 | Sold | -- |
Source: Ebby Halliday solds #14081024_75021 Report a problem | ||
| 7/2/2019 | Pending sale | $225,000$173/sqft |
Source: EBBY HALLIDAY, REALTORS #14081024 Report a problem | ||
| 5/2/2019 | Listed for sale | $225,000$173/sqft |
Source: EBBY HALLIDAY, REALTORS #14081024 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $386,144 -2.5% |
| 2024 | $6,395 +3.5% | $396,001 +3.7% |
| 2023 | $6,177 +18.3% | $381,947 +26.4% |
| 2022 | $5,222 +38.3% | $302,232 +45.2% |
| 2021 | $3,775 | $208,137 +3.4% |
| 2020 | -- | $201,345 +55.6% |
| 2019 | -- | $129,384 +0.9% |
| 2018 | $1,034 +0% | $128,236 +7.2% |
| 2017 | $1,034 | $119,654 +23.1% |
| 2016 | $1,034 -12.6% | $97,208 +3.1% |
| 2015 | $1,183 | $94,294 +6.2% |
| 2014 | $1,183 | $88,786 +10.3% |
| 2013 | -- | $80,461 -3.6% |
| 2012 | -- | $83,461 |
| 2011 | -- | $83,461 -2.1% |
| 2010 | -- | $85,285 |
| 2009 | -- | $85,285 -11.9% |
| 2008 | -- | $96,850 +38.8% |
| 2007 | -- | $69,801 |
| 2006 | -- | $69,801 +25.6% |
| 2005 | -- | $55,560 +10% |
| 2004 | -- | $50,509 +21% |
| 2002 | -- | $41,743 |
| 2001 | -- | $41,743 +6.1% |
| 2000 | -- | $39,352 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$1,579/mo
Principal & interest
$1269
Property taxes
$310
More affordability tools
Climate risks
Neighborhood: 75021
Nearby schools
GreatSchools rating
- 6/10Lamar Elementary SchoolGrades: PK-4Distance: 1.6 mi
- 5/10Henry Scott MiddleGrades: 7-8Distance: 2.5 mi
- 5/10Denison High SchoolGrades: 9-12Distance: 4.7 mi
Schools provided by the listing agent
- Elementary: Lamar
- High: Denison
- District: Denison ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 75021
- Texas
- Grayson County
- Denison
- 75021
- 492 Richerson Rd
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