397 County Road 538
Stephenville, TX, 76401
$
489,000
Bedrooms4
Baths2.0
Sq
2,583
Monthly Estimate*
$
3,051
for $489,000 with 4 bedrooms and 2 full baths. This 2,583 square foot home was built in 1982 on a lot size of 2.62.
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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Features
Interior
Interior Features
Decorative Lighting
High Speed Internet Available
Walk-In Closet(s)
Flooring
Carpet
Laminate
Tile
Basement Y/N
0
Dining Areas
1
Living Areas
1
Half Baths
0
Total Bedrooms
4
Total Baths
2
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General
Heating
Central
Electric
Cooling
Ceiling Fan(s)
Central Air
Electric
Utilities
Co-op Electric
Septic
Well
Possession
Negotiable
Roof
Composition
Appliances
Dishwasher
Disposal
Electric Range
Microwave
Refrigerator
Water Filter
Water Softener
current use
Residential
Single Family
Restrictions
No Known Restriction(s)
School District
Lingleville ISD
Pool Y/N
0
Crops
Coastal Bermuda
Year Built
1982
Levels
One
Property Subtype
Single Family Residence
Subdivision Name
Henry Fantharp
Transaction Type
For Sale
Occupant Type
Owner
County
Erath
Property Type
Residential
Construction Materials
Siding
Accessory Unit Type
Accessory Dwelling Unit (ADU)
Accessory Unit Y/N
Y
HOA Type
None
Special Notes
Aerial Photo
Full Baths
2
Status
Active
Directions
GPS
Turn on road at Church of Christ at Lingleville and go right then turn left on CR 538.
City
Stephenville
Elementary School Name
Linglevill
High School
Linglevill
Elementary School
Linglevill
Standard Status
Active
Listing Terms
Cash
Conventional
FHA
VA Loan
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Exterior
Exterior Features
Covered Patio/Porch
Storage
Lot Features
Acreage
Cleared
Landscaped
Lrg. Backyard Grass
Vegetation
Cleared
Grassed
Fencing
Chain Link
Net
Partial
Other Structures
Guest House
Second Residence
Separate Entry Quarters
Storage
Parking Features
Attached Carport
Concrete
Driveway
Parking Pad
Lot Size
1 to < 3 Acres
Foundation
Pillar/Post/Pier
Structural Style
Apartment
Farm/Ranch House
Garage Y/N
0
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* Excluded Features
List By
Derece Jones
Listing Agent
Moore Home And Ranch, Llc
Broker
Affordability Calculator
- Monthly Principal & Interest
- $3,051
- Monthly Property Taxes
- $282
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save
Nearby
Single family listings in Stephenville, TX
Average List Price
$607,301
Percent of Sale Price
24%
About Stephenville, TX
18,766
Population
25%
Since 2002
$
39,923
Median Income
29.58
Median Age
23%
Households with Children
Trends Information provided by ATTOM Data Solutions.
286294
Elementary School
5136370
Middle School
Pricing History
| Date |
Price |
Price Change |
Description |
|
7/22/2025
|
$489,000
|
-2.19%
|
Price Down
|
|
5/31/2025
|
$499,950
|
-1.97%
|
Price Down
|
|
5/20/2025
|
$510,000
|
-2.86%
|
Price Down
|
|
5/2/2025
|
$525,000
|
|
Listed Price
|