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308 S Jernigan Street

Bells, Texas 75414
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Bed 4

Bed

Bath 3

Bath

SqFt4,050

Sqft

Acres1.50

Acres(Lot)

Investor Opportunity Partially Completed Rehab on 1.5 Acres in Fast Growing North Texas Attention investors! This unique property offers two residences on approximately 1.5 acres with 4,050 square feet of total living space. The front single family home features 4 bedrooms and 2.5 bathrooms, while the back barndominium features 3 bedrooms and 2 bathrooms, providing an excellent value add opportunity for an investor, builder, or rehab specialist. Both homes are approximately 60 to 65 percent remodeled, with substantial renovation work already completed. The remaining work provides an opportunity for the investor to finish the renovations and potentially capture significant upside. Conveniently located near the intersection of Highway 69 and Highway 56, the property is approximately 20 mi nutes from Sherman and situated within the expanding North Texas growth corridor. To make the process easier for the next owner, a property survey, city application for subdividing the parcel into two lots, and upgrade and renovation plan are available. These materials provide a helpful roadmap for completing the project and exploring the potential subdivision opportunity. With 1.5 acres, 4,050 square feet of total living space, two residences, 7 bedrooms, 4.5 bathrooms, substantial renovations already completed, and supporting plans and documentation available, this property presents a unique opportunity for an investor looking to complete the rehab, potentially subdivide, and maximize the property value. Bring your vision and finish the transformation. This is an exceptional value add opportunity in a rapidly growing North Texas area.

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Detail Ic Property Details

Property Type : Residential

Price : $445,500

AD Id : 89605786

MLS Id : 571076500

Beds : 4

Lot Size : 1.50 Acres

Living Area Size : 4,050

Year Built : 2001

County : Grayson

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 2.5 Full Baths: 2 Half Baths: 1
  • Interior Features

    Pantry

    Appliances

    None

    Utilities

    City Sewer,City Water
  • Cooling Features

    Ceiling Fan(s),Central Air,Electric

    Fireplace

    Number of Fireplaces: 0

  • Building Information

    Built Year: 2001

  • Lot Information

    Lot Size (Acr): 1.5000 Lot Size Units: Acres Lot Size Square Feet: 65,340 Lot Features: Acreage
  • Property Information

    SQ ft (Living Area): 4,050 Property Type: Residential Property Sub Type: Single Family Residence Subdivision: NA City: Bells State: Texas Directions: Use GPS for driving directions Property Status: Active Levels: Two Property Age: 25

  • Listing Price Information

    Original List Price: $445,500 List Price Tot SqFt: $110
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 138296 Tax Legal Description: G-0270 CRAWFORD JAMES A-G0270, ACRES 1.5 Unexempt Taxes: $7,275

  • Parking Information

    Garage Space: 0 Carport Spaces: 0 Parking Features: See Remarks
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Bells High School: Bells Junior High School: Pritchard School District: Bells ISD
  • Utility Information

    Utilities: City Sewer,City Water
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
101 Munson Street, Bells, TX, 75414 $39,900 2 1 896 896 SqFt
710 Us-82, Bells, TX, 75414 $1,200,000 3 3 2,467 2,467 SqFt
6294 Dugan Chapel Road, Bells, TX, 75414 $555,000 3 2 1,800 1,800 SqFt
616 E Bells Boulevard, Bells, TX, 75414 $475,000 4 3 2,750 2,750 SqFt
414 S Broadway Street, Bells, TX, 75414 $90,000 2 1 1,034 1,034 SqFt
108 N Branch Street, Bells, TX, 75414 $124,999 1 1 624 624 SqFt
309 Garland Road, Bells, TX, 75414 $245,000 3 2 1,467 1,467 SqFt
404 S Pecan Street, Bells, TX, 75414 $219,000 2 1 1,037 1,037 SqFt
313 Garland Road, Bells, TX, 75414 $239,000 3 2 1,467 1,467 SqFt
704 W Bells Boulevard, Bells, TX, 75414 $289,000 3 2 1,485 1,485 SqFt
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 08/18/2026 @ 00:08

MLS: 571076500 LISTED BY: Bhavik Jaguwala, Reputed Brokerage 800-257-1242 SOURCE: NTREIS - North Texas Real Estate Information

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