REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sun

Jul

Mon

Jul

Tue

Jul

Nicole Chevins

[email protected] +1(817) 296-0795

$ 489,000

Est. payment -/mo

Save Virtual Tour

New

397 CR 538 Stephenville, TX 76401

4 Beds

2 Baths

2.62 Acres Lot

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Henry Fantharp

MLS Listing ID 21008785

Bedrooms 4

Full Baths 2

HOA Y/N None

Total Fin. Sqft 2

Year Built 1982

Annual Tax Amount $3,384

Lot Size 2.620 Acres

Acres 2.62

Property Sub-Type Apartment

Property Description

Charming Dual-Residence Property on 2.62 Beautifully Landscaped Acres. Discover a unique opportunity with two residences on one stunning property, ideal for multi-generational living or additional rental income. Nestled on a peaceful dead-end road, this well-maintained 2.62-acre estate features a spacious 1,953 sq ft main home with 3 bedrooms and 2 bathrooms, plus a fully equipped 1-bedroom, 1-bath guest house currently generating $700 per month in rental income. The main residence offers a warm and inviting atmosphere with a large living area perfect for entertaining, a generously sized primary suite with ensuite bathroom, and an additional bonus room that can serve as an office, 4th bedroom, or playroom. The kitchen is well-appointed with abundant cabinetry, newer appliances, and a separate dining area ideal for family gatherings. Recent upgrades include new windows, hot water heater, and new appliances including refrigerator (2023) new HVAC system (2024) and microwave (2025). Stylish laminate and tile flooring run throughout the home. The guest house is 630 sq ft and includes a living area, full kitchen (appliances included), and a covered carport with storage space for lawn equipment or a vehicle—making it a highly desirable rental or in-law suite. The property also boasts a reliable 365-ft water well with a new pump and updated electrical systems, a spacious concrete slab perfect for outdoor entertaining or sports, and a dedicated yard space for pets separate from the main backyard. Horses and 4H animals are welcome. Built in 1982 and only owned by two families, this property offers a rare blend of comfort, functionality, and income potential in a serene rural setting. Whether you're looking for a peaceful homestead, room to grow, or an income-generating investment, this property has it all.
Schedule your showing today—this one won't last long!

Location

State TX

County Erath

Direction GPS, Turn on road at Church of Christ at Lingleville and go right then turn left on CR 538.

Interior

Interior Features Decorative Lighting, High Speed Internet Available, Walk-In Closet(s)

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Carpet, Laminate, Tile

Appliance Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Water Filter, Water Softener

Heat Source Central, Electric

Exterior

Exterior Feature Dog Run, Private Entrance, Storage

Carport Spaces 2

Fence Chain Link, Net, Partial

Utilities Available Co-op Electric, Septic, Well

Roof Type Composition

Total Parking Spaces 1

Garage No

Building

Lot Description Acreage, Cleared, Landscaped, Lrg. Backyard Grass

Story One

Foundation Pillar/Post/Pier

Level or Stories One

Structure Type Siding

Schools

Elementary Schools Linglevill

Middle Schools Linglevill

High Schools Linglevill

School District Lingleville Isd

Others

Ownership of Record

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21008785

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Derece Jones • MOORE HOME AND RANCH, LLC

Nicole Chevins

Advisor | License ID: 0823393

+1(817) 296-0795

GET MORE INFORMATION