B+

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Owner Contacts

$786,777

NAL Estimated Property Value

196 Ohanlon Dr, Van Alstyne, TX, 75495

$836,301 ARV

Off Market

4 Beds

4 Bath

3,233 Sq Ft

Single Family Residence

$247.14 / sqft

Built in 2021

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 4

Garage Available

AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Gas Cooktop, Microwave

FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesBuilt-in Barbecue, Rain Gutters, Outdoor Grill

Lot Size1.05 acres

Building Information

Year Built2021

Garage Spaces3

Land Information

APN287 7683040

Lot Number6

SubdivisionChapel Creek Farms At Van Alstyne Phase

Land UseResidential

Legal DescriptionCHAPEL CREEK FARMS AT VAN ALSTYNE PHASE II, BLOCK C, LOT 6, ACRES 1.0497

Census Tract001803

Assessed Land Value$190,125

Assessed Improvement Value$596,652

Assessment Year2025

About this property

ONLY A FEW PRESTON TRAIL HOMES LEFT at CHAPEL CREEK! Builder Incentive! Free 1 year lawn maintenance on Full price closing by July 12, 2023 Professionally managed HOA Chapel Creek Farms 10 acres of community space including walking trails, a pavilion, and athletic field. Each home sits on minimum one acre fenced lot. Enjoy the fastest gigabit internet in the area, oversized extra height 3 car garage to fit larger trucks and outdoor toys, and many more unique features in this highly sought-after community by Preston Trail Homes. Entry boasts two spaces, for formal dining or study. Primary bedroom secluded from secondary bedrooms and flex room-media-game room. Huge primary closet. Designer shower and free-standing tub. All secondary bedrooms are generous in size. A huge pantry off the open kitchen and casual dining area. Outdoor kitchen with built-in grill, granite counters, covered porches, & upgraded landscaping. Make your offer! Upgrades available - pool, secondary structure

Investor Tools

$786,777

Estimated Property Value

$1,420,765Estimated Mortgage Balance

$0Estimated Equity

0% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

$836,301

Rent-to-Value Ratio: 0.72%

Rent Estimate

$4,794 /month

Positive

Cash Flow Estimate:

$1,598 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$963/month

$1,000/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,621

$786,777

2025

$190,125

$596,652

$786,777

Tax History

Year

Tax Paid

Assessed Value

2024

$7,621

$786,777

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Longbridge Financial Llc

Reverse Mortgage / Hecm

$1,447,500

First

May 13, 2024

N/A

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$1,420,765

N/A

181%

$10,311/mo

Learn About the Market: Opportunity in Texas

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Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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