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$863,000

205 Timberline Dr S, Colleyville, TX, 76034

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,528 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$427.57 / sqft
Year BuiltBuilt in 1969

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Electric Oven, Microwave, Double Oven
FlooringTile, Wood

Exterior

Lot Size36,416 sqft

Building Information

Year Built1968
Stories1
Garage Spaces2

Land Information

APN18030-3-8-30
Lot Number8
SubdivisionHighland Acres Addn-Colleyvill
Land UseResidential
Legal DescriptionHIGHLAND ACRES ADDN-COLLEYVILL BLOCK 3 LOT 8 E3'9
Census Tract113639
Assessed Land Value$300,400
Assessed Improvement Value$324,396
Assessment Year2025

About this property

This property is nestled in the heart of Colleyville and presents an amazing opportunity! You can't ask for a better location! Watch the fireworks from the yard, walk to the library, trails, and more! The lot currently has a lovely home built with a multi-generational floorplan. Many of these older homes in the neighborhood have been fully remodeled and added on to, or simply removed, allowing for a fresh build. Take your pick and bring your builder or contractors! The sellers know that much of the value is in the lot itself, hence only the exterior photos are shown. There is a water well on the property that currently feeds the irrigation system.

Investor Tools

Property Icon
$863,000
Estimated Property Value
$0Estimated Mortgage Balance
$863,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,490 /month
Positive
Cash Flow Estimate:
$1,830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,899
$624,796
2025
$300,400
$324,396
$624,796
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,899
$624,796

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$863,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
N/A
+$2,880/mo
4.0%

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.

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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: Colleyville

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