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.
For sale
$445,500
308 S Jernigan St, Bells, TX 75414
4beds
4,050sqft
Single Family Residence
Built in 2001
1.5 Acres Lot
$435,800 Zestimate®
$110/sqft
$-- HOA
What's special
- 17 days
- 131
- 2
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Bhavik Jaguwala 0815607 248-600-8111,
Reputed Brokerage 240-643-4444,
Vinay Bansal 0792772 972-800-2059,
Reputed Brokerage
Source: NTREIS,MLS#: 21360795
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: First
- Dimensions: 14 x 15
Bedroom
- Level: Second
- Dimensions: 11 x 11
Bedroom
- Level: Second
- Dimensions: 11 x 12
Bedroom
- Level: Second
- Dimensions: 12 x 12
Living room
- Level: First
- Dimensions: 16 x 18
Cooling
- Central Air, Ceiling Fan(s), Electric
Features
- Pantry
- Has basement: No
- Has fireplace: No
Interior area
- Total interior livable area: 4,050 sqft
Video & virtual tour
Property
Parking
- Parking features: See Remarks
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 1.5 Acres
- Features: Acreage
Details
- Parcel number: 138296
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Detached
- Property subtype: Single Family Residence
Condition
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Na
HOA
- Has HOA: No
Location
- Region: Bells
Financial & listing details
- Price per square foot: $110/sqft
- Tax assessed value: $332,578
- Annual tax amount: $7,275
- Date on market: 8/16/2026
- Cumulative days on market: 18 days
Estimated market value
$435,800
$414,000 - $458,000
$3,132/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2026 | Listed for sale | $445,500+112.1%$110/sqft |
Source: NTREIS #21360795 Report a problem | ||
| 9/13/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/11/2023 | Listed for sale | $210,000+5.5%$52/sqft |
Source: Owner Report a problem | ||
| 7/29/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/29/2023 | Price change | $199,000-9.5%$49/sqft |
Source: NTREIS #20317021 Report a problem | ||
| 6/6/2023 | Price change | $220,000-8.3%$54/sqft |
Source: NTREIS #20317021 Report a problem | ||
| 5/3/2023 | Price change | $240,000-7.7%$59/sqft |
Source: NTREIS #20317021 Report a problem | ||
| 4/27/2023 | Listed for sale | $260,000$64/sqft |
Source: Owner Report a problem | ||
| 4/26/2023 | Listing removed | -- |
Source: NTREIS #20259040 Report a problem | ||
| 4/17/2023 | Price change | $260,000+18.2%$64/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 4/14/2023 | Price change | $220,000-12%$54/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 4/12/2023 | Listed for sale | $249,900+13.6%$62/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 4/11/2023 | Contingent | $220,000$54/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 3/21/2023 | Price change | $220,000-8.3%$54/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 3/7/2023 | Price change | $240,000-7.7%$59/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 2/15/2023 | Listed for sale | $260,000-3.7%$64/sqft |
Source: NTREIS #20259040 Report a problem | ||
| 2/13/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/12/2023 | Price change | $270,000-3.6%$67/sqft |
Source: Owner Report a problem | ||
| 1/27/2023 | Price change | $280,000-1.8%$69/sqft |
Source: Owner Report a problem | ||
| 10/17/2022 | Listed for sale | $285,000+1.8%$70/sqft |
Source: Owner Report a problem | ||
| 5/2/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/30/2022 | Listed for sale | $280,000$69/sqft |
Source: Owner Report a problem | ||
| 4/21/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/15/2022 | Price change | $280,000+7.7%$69/sqft |
Source: Owner Report a problem | ||
| 2/17/2022 | Listed for sale | $260,000$64/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,275 -0.5% | $332,578 -1.7% |
| 2024 | $7,309 | $338,316 +185% |
| 2023 | -- | $118,693 +10% |
| 2022 | $892 -2.2% | $107,903 +10% |
| 2021 | $912 | $98,094 +10% |
| 2020 | -- | $89,176 +10% |
| 2019 | $912 +0.1% | $81,069 -27.4% |
| 2018 | $911 -28.8% | $111,659 +5.2% |
| 2017 | $1,280 | $106,135 +49.5% |
| 2016 | $1,280 +0.5% | $70,985 +49.9% |
| 2015 | $1,273 | $47,355 |
| 2014 | $1,273 | $47,355 |
| 2013 | -- | $47,355 +1.2% |
| 2012 | -- | $46,784 -39.8% |
| 2011 | -- | $77,663 +0.2% |
| 2010 | -- | $77,474 -2% |
| 2009 | -- | $79,070 -1.4% |
| 2008 | -- | $80,159 +55.2% |
| 2007 | -- | $51,658 -1.6% |
| 2006 | -- | $52,502 -7.1% |
| 2005 | -- | $56,500 -23.7% |
| 2004 | -- | $74,075 -3.9% |
| 2002 | -- | $77,111 +230.1% |
| 2001 | -- | $23,361 |
| 2000 | -- | $23,361 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 75414
Nearby schools
Schools provided by the listing agent
- Elementary: Bells
- Middle: Pritchard
- High: Bells
- District: Bells ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





