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Days623Days on Market
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$3,000,000

520 Cates Rd, Van Alstyne, TX, 75495

On MarketInfo
Baths1,512 Sq Ft
Year BuiltBuilt in 1915

Highlights

Interior

Garage AvailableGarage Available

Exterior

Lot Size68.38 acres

Building Information

Year Built1915
Garage Spaces2

Land Information

APN286 0636009
SubdivisionJones Hardy A-G0636
Land UseResidential
Legal DescriptionG-0636 JONES HARDY A-G0636, ACRES 68.382
Census Tract001803
Assessed Land Value$61,633
Assessed Improvement Value$28,872
Assessment Year2025

About this property

PHASE 1 of the master-planned development for 1-acre lots has received FULL APPROVAL from the City of Van Alstyne and is ready for immediate construction. All necessary entitlements are in place, allowing developers to move forward without delays and start building right away. 68.3-acre property with quick access to Van Alstyne and US Hwy 75, located in the highly sought-after VAISD. This beautiful tract features rolling terrain, mature trees, a scenic pond, native grasses, and a fully fenced perimeter. Adjacent acreage to the north is currently under development, adding to the area’s growth and future value. Ideally situated just 20 minutes from McKinney and 45 minutes from the intersection of US-75 and I-635. The property is located outside city limits. Water is provided by South Grayson Water Co-op, and electricity is available through Grayson-Collin Electric Co-op. An AG exemption is currently in place. DO NOT TRESPASS. Contact the listing agent for access.

Investor Tools

$0Estimated Mortgage Balance
$455,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$18,000 /month
Positive
Cash Flow Estimate:
$6,000 /month

Interested in this property?

Silvana Azpiazu

Monument Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$332/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,703
$90,505
2025
$61,633
$28,872
$2,567,057
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,703
$90,505

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$455,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

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.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Van Alstyne

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