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$489,000
1 Day On Site

397 CR 538
Stephenville, TX 76401

For Sale|Apartment|Active
4
Beds
2
Total Baths
2
Full Baths
2.62
SqFt
$186,641
/SqFt
1982
Built
Subdivision:
Henry Fantharp
County:
Erath
Call Now: 972-965-3619
Is this the listing for you? We can help make it yours.
972-965-3619
397 CR 538397 CR 538397 CR 538397 CR 538
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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!

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Listing Snapshot
Price 
$489,000
Days On Site 
1 Day
Bedrooms 
4
Inside Area (SqFt) 
2.62 sqft
Total Baths 
2
Full Baths 
2
Partial Baths 
N/A
Lot Size 
2.62 Acres
Year Built 
1982
MLS® Number 
21008785
Status 
Active
Property Tax 
$3,384
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
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What's This?
Private
Recent Activity
yesterdayListing updated with changes from the MLS®
yesterdayListing first seen on site
General Features
Acres 
2.62
Carport 
2
Foundation 
Pillar/Post/Pier
Green Energy Efficient 
HVACWater Heater
Parking 
Additional ParkingAssignedAttached CarportConcreteDrivewayParking Pad
Parking Spaces 
4
Pets 
Yes
Property Sub Type 
Apartment
Sewer 
Septic Tank
Special Circumstances 
Standard
SqFt Total 
2.62
Stories 
One
Water Source 
Well
Interior Features
Appliances 
DishwasherDisposalElectric RangeMicrowaveRefrigeratorWater Softener
Cooling 
Ceiling Fan(s)Central AirElectric
Flooring 
CarpetLaminateTile
Heating 
CentralElectric
Interior 
Walk-In Closet(s)High Speed Internet
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Exterior Features
Exterior 
Dog RunPrivate EntranceStorage
Fencing 
Chain LinkPartial
Lot Features 
ClearedLandscaped
Patio And Porch 
Covered
Roof 
Composition
Community Features
Financing Terms Available 
CashConventionalFHAVA Loan
Horse Allowed 
Yes
School District 
Lingleville ISD
Schools
School District
Lingleville ISD
Elementary School
Linglevill
Middle School
Linglevill
High School
Linglevill
Listing courtesy of Derece Jones of MOORE HOME AND RANCH, LLC derece2984@gmail.com



© 2020 North Texas Real Estate Information Systems. All rights reserved. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed, or used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Last checked: 2025-07-27 12:46 PM CDT

Neighborhood & Commute
Source: Walkscore
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Allen, TX 75013

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