The Van Allen Location: Space and Elevation

Van Allen stands out for its blend of space and natural beauty. Unlike the flat terrain commonly found in Dallas, the area offers gentle slopes and an abundance of mature trees, creating a more rural feel. This setting allows for larger lots and a peaceful environment, making it ideal for those who want space and privacy.

• Spacious Homes: Homes in Van Allen typically sit on large acre lots, giving residents room to breathe and enjoy a quieter lifestyle.
• Green Spaces: The landscape features extensive greenery, and some properties are backed by forests and natural surroundings, enhancing the overall appeal of the area.

Price Reduction and Inventory Homes

The real estate market in Van Allen presents some excellent deals, with recent price reductions making properties even more affordable. One notable property, which had a significant price cut of $75,000, is now available for under $800,000. This 4-bedroom, 2.5-bath home spans almost 3,000 square feet and offers various modern amenities.

Key Features of the Home

• Price: Reduced to $799,000 from $868,000, making it an exceptional deal.
• Size: Nearly 3,000 square feet, providing ample space for families.
• Lot Size: Situated on an acre of land, ideal for those who enjoy having extra space.
• Customization: There are seven move-in-ready homes available, each with unique features and floorplans, allowing buyers to choose the one that best suits their preferences.

Custom Inventory Homes: Move-in Ready with Unique Designs

Van Allen’s real estate market includes homes that are different from typical custom-built properties. Known as "custom inventory homes," these homes are built by builders and then put on the market for buyers. This setup gives potential homeowners the benefit of choosing from a variety of custom designs without the lengthy wait associated with building from scratch.

Advantages of Custom Inventory Homes

• Variety of Designs: These homes are all unique, meaning no two are the same. This flexibility appeals to buyers who want something special.
• Move-in Ready: The homes are fully completed and ready for immediate occupancy, saving time and effort for buyers looking for a quick move-in.

Peaceful Community with Future Growth Potential

While Van Allen currently feels a bit more rural, its proximity to growing suburban areas and expanding infrastructure means it is well-positioned for future development. In a few years, the area is expected to become more urbanized, bringing additional amenities and services closer to home.

• Boutique Community: The neighborhood is small and peaceful, ideal for those who appreciate quiet living.
• Proximity to Developments: With major developments, like the Collin County Outer Loop and new residential projects, the area’s value is expected to rise in the coming years.

Home Features and Design: A Closer Look

This particular home offers a well-thought-out design that maximizes both space and functionality. Inside, the home features high-end finishes, spacious rooms, and several modern touches to meet the needs of contemporary living.

Interior Highlights

• Open Concept Layout: The home boasts a large, open floor plan, with an expansive living area and a kitchen designed for cooking and entertaining.
• Three-Car Garage: A generously sized garage is perfect for families with multiple vehicles or those in need of extra storage.
• Kitchen: A well-equipped kitchen with quartz countertops, shaker cabinets, and high-end appliances, including double ovens and a spacious pantry.
• Main Bedroom: A large master suite with a luxurious bathroom featuring dual vanities, a walk-in shower, and a large garden tub.
• Bonus Room: A media room or flexible space that can be adapted for various purposes, such as an office, playroom, or entertainment area.

Additional Features and Amenities

In addition to the spacious interiors, the property offers several thoughtful design features that enhance comfort and convenience.

• Mud Room and Laundry Room: A dedicated space for managing household chores with built-in storage.
• Natural Light: Large windows throughout the home allow for plenty of natural light, creating a bright and welcoming atmosphere.
• Quality Materials: The use of engineered hardwoods and quartz countertops adds a touch of elegance and durability to the home’s design.

Financing and Interest Rates

For those concerned about financing, there are attractive options available, including a low interest rate of 3.75%. Builders are offering 3-2-1 buy-downs, which means the rate starts at 3.75% for the first year, rises to 4.75% for the second year, and reaches 5.75% in the third year. This could be an excellent opportunity for buyers looking to lock in a low rate for the initial years of homeownership.

Interest Rate Details

• Year 1: 3.75%
• Year 2: 4.75%
• Year 3: 5.75%
• Long-Term Flexibility: While the rate may increase after the third year, buyers can take advantage of historically low rates and the potential for future refinancing if rates decrease.

Van Allen’s Growth and Nearby Amenities

Van Allen’s location provides easy access to surrounding areas and offers a wide range of amenities, including restaurants, grocery stores, and recreational activities. The area is experiencing growth, and future developments like the PGA District and Firefly Park will further enhance the local lifestyle.

Local Amenities

• Dining and Shopping: The area offers a variety of dining options, from fast food to local Mexican restaurants and Mediterranean cuisine.
• Entertainment: Nearby developments, including the PGA District and the upcoming Firefly Park, will provide residents with plenty of opportunities for leisure and entertainment.
• Access to Major Highways: Van Allen is conveniently located near Highway 75, making it easy to access nearby towns like Anna, Prosper, and Frisco.

The Bottom Line: A Great Opportunity

Van Allen offers a rare combination of spacious homes, natural beauty, and promising future development, all at an attractive price point. Whether you’re looking for more space, a quieter lifestyle, or a home with plenty of customization options, this area provides an excellent opportunity. The low interest rates and move-in-ready homes further enhance its appeal, making it an ideal choice for prospective buyers looking for both value and long-term potential.

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Real Estate Growth in North Dallas: Exploring Opportunities in Prosper, celina, and Beyond

The real estate landscape in North Dallas is evolving rapidly, driven by a surge of developments and a shifting market. Areas such as Prosper, Celina, and Van Alstyne are experiencing significant growth, making them prime locations for investment and home buying. This article explores the expansion of these areas and the opportunities they present for those looking to enter the market.

Expansion of the Dallas North Tollway and its Impact

The Dallas North Tollway, a key route in the area, is undergoing extensions that will connect areas like Prosper, Celina, and Anna to the more developed regions of Dallas. This extension will make areas such as Gunter, Van Alstyne, and Sherman more accessible, paving the way for future growth.

• Prime real estate: Locations between Highway 289 (Preston Road) and the tollway are expected to become prime real estate as more people move northward, drawn by the new infrastructure.
• Sherman’s rise: With the relocation of Texas Instruments' chip plant and other corporations, Sherman is now seeing significant growth. It is becoming increasingly easier to trace the growth from Prosper and Celina up to Sherman.

Highway 380 and the Surge in Development

Highway 380 is another focal point for development, with overpasses under construction at key intersections like Preston Road and Legacy Road. These improvements will help alleviate congestion and transform 380 into a major thoroughfare, attracting more businesses and residents.

• Construction projects: The construction of overpasses is an early indicator of the growing importance of this highway.
• Investment opportunities: With real estate prices in Prosper and Frisco rising sharply, areas along Highway 380, such as Van Alstyne, Anna, and Melissa, are becoming more attractive due to their more affordable prices.

Shifting Market Trends in Median Home Prices

As the population in North Dallas grows, home prices are following suit. The median home price in Prosper, for instance, is nearing $900,000, and Frisco is not far behind. Meanwhile, Celina offers a more affordable alternative with median prices around $500,000, and areas like Van Alstyne still have prices in the $300,000-$400,000 range.

• Price disparities: The rising prices in Prosper and Frisco push buyers to explore more affordable areas like Celina and Van Alstyne.
• Opportunity in Van Alstyne: With prices still relatively low, Van Alstyne offers great opportunities for those looking for more space at a lower cost.

The Fast-Growing City of celina

Celina is one of the fastest-growing cities in the U.S., with projections showing its population increasing from 60,000 to 400,000 over the next 20 years. As more people move to this area, real estate values will likely continue to rise, making it a prime area for investment.

• Celina’s growth: The city has surpassed other North Dallas areas in terms of growth rate and is expected to remain a hotspot for real estate development in the coming years.
• Future development: As the area grows, more amenities, schools, and infrastructure will be built, adding to its appeal for both families and businesses.

Development Spreading North to Anna and Melissa

Anna and Melissa, located just north of McKinney, are gaining popularity as the next spots for development. These areas are attracting buyers who are priced out of Prosper and Frisco but still want to be close to the amenities offered by the Dallas-Fort Worth metroplex.

• Price breaks in Anna and Melissa: As Prosper becomes more expensive, these neighboring areas offer more affordable housing options without sacrificing proximity to Dallas.
• Future growth: New developments in Anna, including a $1.5 billion master-planned community, are set to bring thousands of new homes to the area.

The Changing Landscape of Frisco and Plano

Frisco and Plano are emerging as the new downtown areas of North Dallas. With ongoing commercial and residential developments, these cities are becoming central hubs for business and living.

• Frisco’s booming economy: As more businesses and high-rise buildings are constructed in Frisco and Plano, these areas are becoming more attractive to both investors and homebuyers.
• Shift in metroplex dynamics: While downtown Dallas will always remain the focal point of the metroplex, Frisco and Plano are quickly becoming key areas for work and play.

The Colin County Outer Loop and Future Development

The Colin County Outer Loop, a major infrastructure project, is set to connect various cities in the region, including Frisco, McKinney, and Anna. This loop will open up more areas for development and increase accessibility between communities.

• Connectivity improvements: As the loop gets completed, areas like Princeton, Farmersville, and Royse City will see more development, further boosting property values.
• Access to more land: The expansion of the outer loop also means more land for future developments, which will be crucial as the metroplex continues to grow.

A Window of Opportunity for Investors

The rapid development in North Dallas means that there is a window of opportunity for those looking to invest in real estate. Prices are rising quickly, but there are still areas where buyers can find more affordable properties with potential for significant appreciation.

• Acre lots in demand: Acre lots, especially in areas like Anna, Celina, and Van Alstyne, are becoming harder to find, making them increasingly valuable.
• Long-term investment: As development spreads northward, properties purchased now may see significant returns in the future as the area becomes more developed.

Conclusion: The Future of North Dallas Real Estate

North Dallas is experiencing a transformative period of growth, with new infrastructure, corporate relocations, and expanding populations driving the real estate market. Whether you are looking for a family home or an investment property, the opportunities are plentiful in areas like Prosper, Celina, and Van Alstyne. As the region continues to expand, those who enter the market early will reap the benefits of North Dallas’ continued success and development.



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