397 County Road 538, Stephenville, TX

$489,000

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4

Beds

2

Baths

2,583

Square feet

2.62

Acres

About 397 County Road 538

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!

Features of 397 County Road 538

MLS® # 20893644
Price $489,000
Bedrooms 4
Bathrooms 2.00
Full Baths 2
Square Footage 2,583
Acres 2.62
Year Built 1982
Type Residential
Sub-Type Single Family Residence
Status Active

Community Information

Address 397 County Road 538
Subdivision Henry Fantharp
City Stephenville
County Erath
State TX
Zip Code 76401-8622

Amenities

Utilities Co-op Electric, Septic, Well
Garages Attached Carport, Concrete, Driveway, Parking Pad
Is Waterfront No
Pool On Property No

Interior

Interior Features Decorative Lighting, High Speed Internet Available, Walk-In Closet(s)
Heating Central, Electric
Fireplace No

Exterior

Exterior Features Covered Porch(es), Storage
Lot Features Acreage, Cleared, Landscaped, Lrg. Backyard Grass
Roof Composition
Construction Siding
Foundation Pillar/Post/Pier

School Information

District Lingleville ISD
Elementary Linglevill
Middle Linglevill
High Linglevill

Additional Information

# of living Areas 1
Flooring Carpet, Laminate, Tile
Special Notes. Aerial Photo
$/LivSqFt $189

Listing Details

AgentDerece Jones
OfficeMOORE HOME AND RANCH, LLC
Contact Info254-459-0889

Listing Map

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