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$595,000

3209 Balmerino Lane, The Colony, TX, 75056

$773,500 ARVInfo
Off MarketInfo
Beds4 Beds
Baths5 Bath
Baths4,095 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.3 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListARV FlipHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Gas Cooktop, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan, Other
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,250 sqft

Building Information

Year Built2014
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR526133
Lot Number2
SubdivisionBalmerino At Tribute Ph 1
Land UseResidential
Legal DescriptionBALMERINO AT TRIBUTE PH 1 BLK B LOT 2
Census Tract021534
Assessed Land Value$214,500
Assessed Improvement Value$711,196
Assessment Year2025

About this property

BEAUTIFUL American Legend built courtyard entry home in the gated Village of Balmerino located in The Tribute which is a resort, lake and golf community in the heart of North Dallas on a peninsula of Lake Lewisville. This home boasts 2 master suites on the first floor as well as media room upstairs, dry bar and extended back patio. Some upgrades to point out are the chef's dream kitchen with hidden spice racks, butler's station with beverage fridge, 6 burner gas stovetop, two tone cabinetry and thick granite countertops. Master suite is complete with walk in closet that has access to the laundry room. The Tribute is the 2019 McSams community of the year! Miles of hiking and biking, 3 pools, STEM Academy & more!

Investor Tools

Property Icon
$925,696
Estimated Property Value
$0Estimated Mortgage Balance
$925,696Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$773,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,554 /month
Positive
Cash Flow Estimate:
$1,851 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,289/month
$1,600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,842
$925,696
2025
$214,500
$711,196
$925,696
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,842
$925,696

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$925,696
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$1,600/mo
+$1,460/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: The Colony

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3209 Balmerino Lane | Property Details | No Agent List