About this home

Investor Opportunity Partially Completed Rehab on 1.5 Acres in Fast Growing North Texas. Seller Financing Available. 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.

Facts and features

Schools

• Pritchard Junior High School

  middle · 6-8 · 1.7 mi

  9

• Bells High School

  high · 9-12 · 1.7 mi

  6

• Bells Elementary School

  elementary · K-5 · 2.0 mi

  7

Price history

• Nov 4, 2026 · Listed$399,000
• Nov 1, 2026 · Listing Removed—
• Sep 11, 2026 · Price Changed$399,000
• Aug 16, 2026 · Listed$445,500
• Jul 20, 2023 · Listing Removed$199,000
• Jun 29, 2023 · Price Changed$199,000
• Jun 6, 2023 · Price Changed$220,000
• May 3, 2023 · Listed$240,000

Tax history

• 2026$5,751 tax · $262,941 assessed
• 2025$7,184 tax · $332,578 assessed
• 2023$2,607 tax · $118,693 assessed
• 2022$2,370 tax · $107,903 assessed
• 2021$2,337 tax · $98,094 assessed
• 2020$2,216 tax · $89,176 assessed
• 2019$2,071 tax · $81,069 assessed
• 2018$2,003 tax · $73,699 assessed

Home value

$395,000

• Collateral Analytics$395,000
• Quantarium$395,675
• Cotality$390,000

Where it is