tomo logo

$1,690,000

Beds
7
Baths
6.0
sq ft
4,107

171 Bowen Ln, Van Alstyne, TX 75495

171 Bowen Ln

Van Alstyne, TX 75495

  • 237 days on market
    • Price drop $309,999↓
Don’t miss this extraordinary opportunity to own an 18.5-acre ag-exempt estate that combines luxury, versatility, and income-generating potential. Perched on a stunning hilltop with panoramic views, this turnkey property includes two updated homes—a spacious main house and a 3-bedroom guest house—each with expansive porches that invite relaxation and connection with nature. A beautifully converted barn serves as a wedding and event venue, complete with a fully equipped kitchen, two brand-new bathrooms, and a pickleball court, making it an ideal setting for celebrations and gatherings. This estate is currently operating as a profitable Airbnb and event venue, making it an excellent investment or a dream primary residence with passive income potential. With no deed restrictions, new updates including a roof and fresh paint, high-speed fiber optic internet for seamless connectivity, RV hookups with 50-amp power and a dump station, and endless possibilities for customization, this property is a rare gem that epitomizes the best of Texas living. Offered at a starting negotiation price of $1,690,000, with an offer deadline of November 21st at 5:00 PM. Contact the listing agent today to request the full disclosure package and schedule your private tour of this once-in-a-lifetime property!

Details

Property type

Single Family Residence

Est. home value

$2,245,431

Lot size

18.54 acres

Price per sq ft

$412

Year built

2005

Annual property taxes

$13,724

Price History

10/24/2024
NTREIS

NTREIS #20574771

Listed
$1,690,000
10/17/2024
NTREIS

NTREIS #20574771

Removed
06/09/2024
NTREIS

NTREIS #20574771

Price change
$1,999,999
-16.32%

Schools & Community

Elementary school: 

Bob and Lola Sanford

Middle school: 

Unknown

High school: 

Van Alstyne

School district: 

Van Alstyne ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Option One Mortgage Corp

Loan start date

February 2006

Original loan amount

$270,000

Est. remaining balance

Not provided

Interest rate

8.02%

Loan type

Not Provided, 30 year

Seller

Carl David Griffin Jr and Barbara Ballard Griffin

Lender

James R White

Loan start date

October 2004

Original loan amount

$21,000

Est. remaining balance

Not provided

Interest rate

5.83%

Loan type

Not Provided

Seller

Carl David Griffin Jr and Barbara Ballard Griffin

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Similar Homes Nearby

Price drop
NTREIS
$1,599,000
4 bd
|
3 ba
|
3,115 sq ft
|
House

1061 Oxford Crossing Rd, Van Alstyne, TX 75495

Status: Active

Tomo last checked: 11/23/2024 at 8:25 PM

Listing updated: 11/13/2024 at 2:10 PM

Listed by: Rachel Grunn, Reflect Real Estate Phone #: (214) 449-1822

MLS: NTREIS #20574771

NTREIS logo

Recently listed in Van Alstyne