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308 S Jernigan St

Bells, TX 75414
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Just listedJust listed
4 Bedroom(s)
2 Full & 1 Half Bath(s)
4,050 Sqft
1.50 Lot Acres
Residential - Single Family

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Description

Investor Opportunity Partially Completed Rehab on 1.5 Acres in Fast Growing North Texas. Seller Financing Available. 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 minutes 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.

MLS#
NTREIS-21427930
List Price
$399,000 ($99/Sqft.)
Listing Status
For Sale
Address
308 S Jernigan St
City
Bells
State
TX
Zip Code
75414
County
Grayson County
Subdivision
NA
Legal Description
G-0270 CRAWFORD JAMES A-G0270, ACRES 1.5
Property Type
Residential - Single Family
Bedroom
4 Bedroom(s)
Bath
2 Full & 1 Half Bath(s)
Stories
2
Building Size
4,050 Sqft/Appraisal District
Year Built
2001 /Appraisal District
Lot Size
1.50 Lot Acres/Appraisal District
LP / Acre
$266,000 / Acre

Rooms

Living
16 x 18, 1st
Primary Bedroom
14 x 15, 1st
Bedroom
11 x 11, 2nd
Bedroom
11 x 12, 2nd
Bedroom
12 x 12, 2nd

Interior

Number Of Living Area
1
Appliances
None
Interior
Pantry

Extra details you may need to know

Dwelling Type
Single Detached

Exterior

Private Pool
No
Lot Description
Acreage
Parking
See Remarks
Easements
Access,Electric,Natural Gas
Utility
City Sewer,City Water

Lot Information

Lot Size
1.50 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated Nov 9, 2026 at 04:06 PM
Listing last updated Nov 4, 2026 at 07:16 AM
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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