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$469,000

  • For Sale
  • Active
  • Apartment
  • 4 Beds
  • 2 Full Baths
  • 2.62 Acres
  • Updated 10 days ago
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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!

Full Property Details for 397 County Rd 538

General

  • Price: $469,000
  • Taxes: $3,384
  • Status: Active
  • Type: Apartment
  • Source: NTREIS
  • MLS ID: 20893644
  • Updated: 1/7/2026
  • Added to Site: 261 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, High Speed Internet, Walk-In Closet(s)
  • Appliances: Dishwasher, Electric Range, Disposal, Microwave, Refrigerator, Water Softener, Water Purifier
  • Flooring: Carpet, Laminate, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Washer Hookup, Electric Dryer Hookup, Laundry in Utility Room

Exterior

  • Exterior Features: Storage
  • Porch/Patio/Deck: Rear Porch, Front Porch, Covered

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 1
  • Parking Features: Attached Carport, Concrete, Driveway, Parking Pad

Location

  • County: Erath
  • Subdivision: Henry Fantharp
  • Driving Directions: GPS, Turn on road at Church of Christ at Lingleville and go right then turn left on CR 538.

School Information

  • Elem School District: Lingleville ISD
  • Midd School District: Lingleville ISD
  • High School District: Lingleville ISD
  • Elementary School: Linglevill
  • Middle School: Linglevill
  • High School: Linglevill

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Electric
  • Heating Type: Central, Electric

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes
  • Utility Description: Electricity Available, Septic Available, Water Available

Structural Information

  • Architectural Style: Farmhouse
  • Structure Type: Apartment, House
  • Detached/Attached: Attached
  • Roof: Composition
  • Stories/Levels: 1
  • Living Area: 2,583 Sq. Ft.
  • Current Bldg. Use: Residential, Single Family
  • Year Built: 1982

Additional Structures

  • Other Structures: Guest House, Second Residence, Storage

Lot Features

  • Lot Size (Acres): 2.62
  • Lot Size (Sq. Ft.): 114,127.2
  • Lot Features: Acreage, Back Yard, Cleared, Lawn, Landscaped
  • Potential Use: Grazing, Horses, Livestock, Multi-Family, Other, Residential, Single Family
  • Trees/Vegetation: Cleared, Grassed
  • Fencing (Description): Chain Link, Fenced, Partial

Green Features

  • Energy Efficient: HVAC, Water Heater

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $3,384
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Documents Avail.: Aerial
  • Legal Description: ACRES: 1.720 A0261 FANTHARP HENRY; & 2 HOUSES
  • Disclosures/Rstr.: Accessory Dwelling Unit
  • Property ID: R000018606

Listed by Moore Home and Ranch, Llc, Derece Jones

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Listing agent

— 397 County Rd 538 —

  • Derece Jones

    Moore Home and Ranch, Llc

254-459-0889

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 397 County Rd 538

School District:Lingleville Independent School District
NameGradesDistance
Lingleville School
21261 N Fm 219, Lingleville, TX 76461
PK-120.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 397 County Rd 538 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/07/2026
Price Reduced
$469,000
-4.09%
MLS
7/23/2025
Price Reduced
$489,000
-2.19%
MLS
5/31/2025
Price Reduced
$499,950
-1.97%
MLS
5/19/2025
Price Reduced
$510,000
-2.86%
MLS
5/01/2025
Listed
$525,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 397 County Rd 538

Year
Property Taxes
Change
Tax Assessment
Change
2023
$2,157
—
$363,650
-1%
2023
$2,157
—
$365,840
22%
2023
$2,157
-23%
$298,870
19%
2022
$2,791
3%
$250,390
26%
2021
$2,700
—
$198,720
16%
2020
$2,688
4%
$171,260
6%
2019
$2,593
33%
$161,900
11%
2017
$1,951
—
$146,060
4%
2017
$1,951
5%
$140,070
5%
2016
$1,851
—
$133,440
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 397 County Rd 538

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Moore Home and Ranch, Llc, Derece Jones

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397 County Road 538, Stephenville, TX 76401 (MLS# 20893644) is a Apartment property with 4 bedrooms and 2 full bathrooms. 397 County Road 538 is currently listed for $469,000 and was received on May 01, 2025. Want to learn more about 397 County Road 538? Do you have questions about finding other Apartment real estate for sale in Stephenville? You can browse all Stephenville real estate or contact a Coldwell Banker agent to request more information.

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