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308 S Jernigan Street
Bells TX 75414 US

$445,500

Active Listing ID 21360795
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4 bed
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4,050 square feet
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3.00 Bath (2 Full , 1 Half)
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Lot: 1.50 Acres
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Single Family Residence

$445,500

Active Listing ID 21360795
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308 S Jernigan Street 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.

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Property Features

  • Facts
  • Lot Size: 1.50 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 2
  • 1/2 Bathrooms: 1
  • Cooling System: Electric, Ceiling Fan(s), Central Air

School Information

  • School
  • Bells(Elementary)
  • Pritchard(MiddleSchool)
  • Bells(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 445500
  • unparsedaddress: 308 S Jernigan Street
  • postalcity: Bells
  • stateorprovince: TX
  • country: US
  • postalcode: 75414
  • bathroomsfull: 2
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 1.5
  • lotsizeunits: Acres
  • lotsizearea: 1.5
  • livingarea: 4050
  • livingareaunits: Square Feet
  • latitude: 33.60817
  • longitude: -96.407319
  • listagentfullname: Bhavik Jaguwala
  • listagentemail: bhavik@reputedbrokerage.com
  • listagentkey: 3yd-NTREIS-0815607
  • listagentmlsid: 0815607
  • listagentpreferredphone: (469) 677-2360
  • listofficekey: 3yd-NTREIS-RBGR01
  • listofficemlsid: RBGR01
  • disclaimer: Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 2001
  • countyorparish: Grayson
  • parcelnumber: 138296
  • elementaryschool: Bells
  • highschool: Bells
  • elementaryschooldistrict: Bells ISD
  • middleorjuniorschooldistrict: Bells ISD
  • highschooldistrict: Bells ISD
  • cooling: Electric, Ceiling Fan(s), Central Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: Pantry
  • architecturalstyle: Other
  • rooms: Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Bathroom 3, Bedroom 4
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -96.40732, 33.60817
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Listing Changed: 8/16/2026 11:12:00 PM GMT
Source Updated Date: 8/26/2026 1:01:53 AM GMT

Courtesy of: Bhavik Jaguwala, Reputed Brokerage, bhavik@reputedbrokerage.com

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.