RARE turnkey in Prime location with existing plans to include 33 townhomes. The word is out Tarleton is D-1 and the buying window is short before the large funds come to town. With Tarleton State University less than 1 mile, this property offers investors an opportunity to capitalize on the demand needed for student housing. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies in addition to the student housing. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. The 33 townhome units were developed by a team of architects, engineers and project managers. This is ready to go saving you significant time and money in the development process. Get in before you can not afford to!
Lot/land
$699,000
715 N Paddock St, Stephenville, TX 76401
--beds
--baths
1.95Acres
Unimproved Land
Built in ----
1.95 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 161 days |
- 16 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Jamie Wooley 0645307 469-891-2592,
Citiwide Alliance Realty 214-326-0399
Source: NTREIS,MLS#: 21152834
Facts & features
Interior
Property
Features
- Exterior features: Other
- Fencing: Other
Lot
- Size: 1.95 Acres
- Features: Acreage, City Lot
- Residential vegetation: Grassed, Partially Wooded
Details
- Additional structures: Other
- Parcel number: R000033253
- Zoning description: One and two-family residential (R-2) and Industrial
- Horse amenities: Other
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Shapard & Collins
HOA
- Has HOA: No
Location
- Region: Stephenville
Financial & listing details
- Tax assessed value: $63,460
- Annual tax amount: $1,135
- Date on market: 1/27/2026
- Cumulative days on market: 890 days
- Listing terms: Cash,Conventional,1031 Exchange,Other
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
$1,462/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Listed for sale | $699,000 |
Source: NTREIS #21152834 Report a problem | ||
| 1/1/2026 | Listing removed | $699,000 |
Source: NTREIS #20817123 Report a problem | ||
| 9/4/2025 | Price change | $699,000-27.9% |
Source: NTREIS #20817123 Report a problem | ||
| 8/28/2025 | Price change | $970,000-2.9% |
Source: NTREIS #20817123 Report a problem | ||
| 1/17/2025 | Listed for sale | $999,000 |
Source: NTREIS #20817123 Report a problem | ||
| 12/17/2024 | Listing removed | $999,000 |
Source: NTREIS #20447033 Report a problem | ||
| 11/19/2024 | Price change | $999,000-33.4% |
Source: NTREIS #20447033 Report a problem | ||
| 10/17/2023 | Listed for sale | $1,500,000 |
Source: NTREIS #20447033 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $63,460 |
| 2024 | $1,104 +7.7% | $63,460 +9.7% |
| 2023 | $1,025 -9.7% | $57,860 |
| 2022 | $1,135 +52.4% | $57,860 +61.3% |
| 2021 | $745 -2.5% | $35,860 |
| 2020 | $764 +19.8% | $35,860 +24.2% |
| 2019 | $638 +21.2% | $28,870 +5.9% |
| 2018 | $526 | $27,270 +13.8% |
| 2017 | $526 -0.5% | $23,960 |
| 2016 | $529 0% | $23,960 |
| 2015 | $529 | $23,960 |
| 2014 | $529 | $23,960 |
Find assessor info on the county website
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 76401
Nearby schools
GreatSchools rating
- 10/10Hook Elementary SchoolGrades: 3-4Distance: 0.3 mi
- 9/10Henderson Junior High SchoolGrades: 7-8Distance: 2 mi
- 6/10Stephenville High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Central
- High: Stephenvil
- District: Stephenville ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Texas
- Erath County
- Stephenville
- 76401
- 715 N Paddock St







