308 S JERNIGAN STREET, BELLS, TX 75414
Homes for sale in Bells.
Homes for sale in 75414.
List Price$445,500
308 S Jernigan Street
Bells, TX 75414
Listing #21360795
About This Property
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 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.
Property Features
Location Information
County
Grayson
Subdivision
NA
Interior Features
Rooms
Second Floor Bedroom, Second Floor Bedroom, Second Floor Bedroom, First Floor Living Room, First Floor Primary Bedroom
Living Room Description
16 x 18
Interior
Pantry
Has Fireplace
No
Master Bedroom Description
14 x 15
Number of Fireplaces
0
Full Baths
2
Cooling
Central Air, Ceiling Fan(s), Electric
1/2 Baths
1
Exterior Features
Style
Detached
Lot Description
Acreage
Stories
2
Lot Size in Acres
1.5
Utilities
Sewer Available, Water Available
Lot Size in Sq. Ft.
65,340
Parking Description
See Remarks
Is One Story
No
Garage Spaces
0
Lot Description
Acreage
Pool Description
None
School
Elementary School District
Bells ISD
Jr. High School
Pritchard
Elementary School
Bells
High School
Bells
Additional Information
Property Type
SFR
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Single Family Residence
Tax Annual Amount
7275.0
Year Built
2001
Similar Listings
Mortgage Calculator
$2,079
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,605
Monthly Tax
$371
Monthly Insurance
$103
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Real Estate IDX Powered by iHomefinder
