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$625,000

2406 Colonial Lane, Midlothian, TX, 76065

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths4 Bath
Baths3,518 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$177.66 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesConvection Oven, Double Oven, Dishwasher, Electric Oven, Gas Cooktop, Disposal, Microwave, Some Commercial Grade, Vented Exhaust Fan

Exterior

Lot Size6,534 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APN54.9060.004.002.00.108
Lot Number2
SubdivisionVillas Of Somercrest
Land UseResidential
Legal DescriptionLOT 2 BLK 4 VILLAS OF SOMERCREST 0.15 AC
Census Tract060801
Assessed Land Value$115,002
Assessed Improvement Value$514,181
Assessment Year2025

About this property

Welcome to 2406 Colonial Way in the gated Villas of Somercrest, where thoughtful design and quality finishes come together in a beautifully maintained two-story home. From the charming front balcony to the impressive 10-foot ceilings and 8-foot interior doors on the main level, this home offers a spacious and inviting feel throughout. The kitchen is designed for both everyday living and entertaining, featuring painted cabinetry, a large California island, double ovens, a 5-burner cooktop, butler's pantry, walk-in pantry, pendant lighting, and quartz countertops. The open-concept layout flows seamlessly into the living area, highlighted by a floor-to-ceiling ledger panel tile fireplace that creates a striking focal point. The primary suite provides a private retreat with a dedicated sitting area and a spacious ensuite bath complete with separate vanities, a soaking tub, and a separate shower. Upstairs offers additional living space and flexibility for family, guests, or a home office. Numerous upgrades can be found throughout the home, including luxury vinyl plank flooring, upgraded carpeting, window blinds, designer finishes, and attention to detail at every turn. Located within the desirable gated Villas of Somercrest community, this home combines comfort, style, and convenience in one exceptional package.

Investor Tools

$0Estimated Mortgage Balance
$629,183Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,775 /month
Positive
Cash Flow Estimate:
$1,258 /month

Interested in this property?

Cory Meals

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,107/month
$1,950/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,143
$629,183
2025
$115,002
$514,181
$629,183
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,143
$629,183

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$629,183
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,630/mo
$1,950/mo
+$680/mo
5.0%

City: Midlothian