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  • $399k Price
  • 4 Beds
  • 2.1 Baths
  • 4,050 Sqft
  • 1½ Acres
  • 2001 Year Built
  • Study
  • Game Room
  • Media
  • Pool
  • $399k Price
  • 4 Beds
  • 2.1 Baths
  • 4,050 Sqft
  • 1½ Acres
  • 2001 Year Built
  • Study
  • Game Room
  • Media
  • Pool

308 S Jernigan Street
Bells, Texas 75414-3007

County: Grayson NA

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.

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Tax Value @ 100% of Sales Price, HOA Included
Tax Value @ 85% of Market Value, HOA Not Included

Essential Information

  • Price$399,000
  • Est. Payment /m
  • Reduced By$46,500
  • Cumulative Days on MarketUnlock
  • MLS® #21360795
  • Bedrooms4
  • Bathrooms2.10
  • Square Footage4,050
  • Acres1.50
  • Year Built2001
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StatusActive
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Property Details

School Information

Community

  • Address308 S Jernigan Street
  • SubdivisionNA
  • CityBells
  • CountyGrayson
  • StateTexas
  • Zip Code75414-3007
  • HOANone
  • UtilitiesCity Sewer, City Water
  • Taxes7275

Amenities

  • GaragesSee Remarks

Interior

  • Interior FeaturesPantry

Exterior

  • Lot DescriptionAcreage

Construction Details / Floorplan

  • Living Areas1
  • Dining Rooms1
  • Full Baths2
  • Half Baths1

Private Listing Information (Registration Required)

Listing Details

  • AgentBhavik Jaguwala
  • OfficeReputed Brokerage

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Listing information last updated on October 27th, 2026 at 2:49pm CDT.