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$664,000

NAL Estimated Property Value

4000 Felps Dr, Colleyville, TX, 76034

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,185 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$272.31 / sqft
Year BuiltBuilt in 2004

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

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

Exterior

Exterior FeaturesRain Gutters, Garden
Lot Size9,496 sqft

Building Information

Year Built2004
Stories1
Garage Spaces2

Land Information

APN13662-1-4
Lot Number4
SubdivisionFelps, Sparger Addn
Land UseResidential
Legal DescriptionFELPS, SPARGER ADDN BLOCK 1 LOT 4
Census Tract113612
Assessed Land Value$109,050
Assessed Improvement Value$300,950
Assessment Year2025

About this property

Beautifully maintained and move-in ready, this custom-built Tommy Cunningham home with no HOA is tucked away on a quiet, treed street in the heart of Colleyville. This exceptional residence combines timeless architecture, elevated finishes, and a single-story floor plan designed for both comfortable living and effortless entertaining. Inside, dramatic high ceilings create a bright, expansive atmosphere. Designer lighting, elegant decorator niches, and abundant natural light enhance the interior. Spacious living and dining areas flow seamlessly together, while the inviting living room features a cozy fireplace and French doors opening to a covered patio for seamless indoor-outdoor living. The kitchen is thoughtfully appointed with granite countertops, abundant cabinetry, stainless steel appliances including the refrigerator that conveys with the home. The luxurious private primary suite serves as a relaxing retreat with a spacious ensuite bath, garden tub, and a customized California Closets system featuring mirrored-front cabinetry for superb organization. Secondary bedrooms are generously sized with excellent natural light and storage. The home offers three bedrooms, 2.5 bathrooms, laundry room with full-size washer and dryer included, and dual HVAC zones for comfort and efficiency. The oversized 28x22 garage includes an EV charger and access to a large floored attic for additional storage. Situated on a beautifully landscaped 9,496-square-foot lot, the property offers exceptional privacy with covered outdoor living areas and separate side yards ideal for entertaining, dining, or quiet relaxation. Located within the Grapevine-Colleyville ISD, this home is just minutes from the Colleyville Nature Center with trails, ponds, and green space. Conveniently located approximately 15 min from DFW Airport, 20 min from Downtown Fort Worth, and 30 min from Downtown Dallas, this property offers the perfect blend of tranquility, accessibility, and neighborhood charm.

Investor Tools

Property Icon
$664,000
Estimated Property Value
$236,534Estimated Mortgage Balance
$427,466Estimated Equity
64% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,984 /month
Positive
Cash Flow Estimate:
$1,328 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$411/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,607
$410,000
2025
$109,050
$300,950
$410,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,607
$410,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Michigan Mutual Inc
Conventional
$269,000
No
First
Apr 9, 2020
Jan 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$236,534
$427,466
64%
36%
$1,613/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,880/mo
$1,613/mo
+$1,267/mo
5.2%

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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4000 Felps Dr | Property Details | No Agent List