tomo logo

$1,999,999

Beds
7
Baths
6.0
sq ft
4,107

171 Bowen Ln, Van Alstyne, TX 75495

171 Bowen Ln

Van Alstyne, TX 75495

  • 172 days on market
    • Price drop $390,001↓
This property won’t last long at this new low price! Welcome to this cash-flowing turnkey estate with two custom homes. This 18.5-acre complex has breathtaking views from its hilltop perch. Both the main house & the 3-bed guest house feature expansive porches for serene relaxation. This property is being operated as a lucrative AirBnB and would be a great investment property or primary residence. NO DEED RESTRICTIONS! The converted barn is a perfect wedding and event venue and includes a kitchen, 2 brand new bathrooms, & a pickleball court. Updates include fresh paint, new carpets, new roof, new gutters, & more. RV hookups with 50 amp power & a dump station. High-speed fiber optic cable ensures connectivity to the world beyond your ranch retreat. Whether you're an avid rancher, an investor looking for passive income, or seek a private escape, this property epitomizes the best of Texas living. Motivated seller! Bring your offers!

Details

Property type

Single Family Residence

Est. home value

$2,245,431

Lot size

18.54 acres

Price per sq ft

$487

Year built

2005

Annual property taxes

$13,724

Price History

06/09/2024
NTREIS

NTREIS #20574771

Price change
$1,999,999
-16.32%
04/28/2024
NTREIS

NTREIS #20574771

Price change
$2,390,000
-2.05%
03/31/2024
NTREIS

NTREIS #20574771

Listed
$2,440,000

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?

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Status: Active

Tomo last checked: 09/20/2024 at 12:30 AM

Listing updated: 06/29/2024 at 10:03 AM

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

MLS: NTREIS #20574771

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