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$549,000

517 Red Barn, Van Alstyne, TX, 75495

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,487 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.75 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesBuilt In Gas Range, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size7,405 sqft

Building Information

Garage Spaces2

Land Information

APN288 8528084
Lot Number11
SubdivisionThompson Farms Phase Two
Land UseInventory Vacant Residential Land
Legal DescriptionTHOMPSON FARMS PHASE TWO, BLOCK J, LOT 11, ACRES .17
Census Tract001803
Assessed Land Value$56,697
Assessed Improvement Value$375,574
Assessment Year2025

About this property

NO MUD OR PID TAX! Discover exceptional upgrades, luxury amenities, and flexible living in desirable Thompson Farms within Van Alstyne ISD! Enjoy the benefits of a beautiful community featuring a neighborhood pool, concrete streets, and sidewalks without the added expense of MUD or PID taxes. Since purchasing, the sellers have invested extensively in upgrades and improvements, creating a beautifully enhanced, move in ready home. Step inside to soaring ceilings, abundant natural light, and an inviting open concept living area. Upstairs, a spacious loft offers endless possibilities for a game room, media room, home office, or second living area. The versatile floor plan is designed to fit your lifestyle! The downstairs fourth bedroom, complete with a large walk in closet, is currently styled as a formal dining room. Upstairs, the largest secondary bedroom serves as an impressive dressing room but can easily return to bedroom use. The backyard is a true highlight, featuring an expanded concrete patio and a spectacular 10' x 14' SWIM SPA INCLUDED WITH THE HOME! Representing an approximately $45,000 seller investment, this premium swim spa offers powerful adjustable swim jets for resistance swimming, exercise, hydrotherapy, and relaxation. Insulated walls and a protective cover allow for year-round enjoyment. The additional concrete patio creates an inviting outdoor retreat ideal for entertaining or unwinding in your own backyard. Select furnishings and décor may be available for purchase separately at an agreed-upon price. With extensive seller improvements, versatile living spaces, an incredible backyard swim spa, and outstanding neighborhood amenities, this home delivers exceptional comfort, lifestyle, and value all with NO MUD OR PID TAX!

Investor Tools

$428,016Estimated Mortgage Balance
$46,984Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,294 /month
Positive
Cash Flow Estimate:
$1,098 /month

Interested in this property?

Kimberly Uselton

Keller Williams North Country

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$672/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,685
$432,271
2025
$56,697
$375,574
$432,271
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,685
$432,271

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Brookhollow Mortgage Services Ltd
Fha
$441,839
Yes
First
Jan 31, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$428,016
$46,984
9%
90%
$2,650/mo

City: Van Alstyne

517 Red Barn | Property Details | No Agent List