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$490,000

4608 Sarasota Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,349 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$208.6 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Gas Water Heater, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size6,599 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR177168
Lot Number12
SubdivisionRidgepointe Ph 1a
Land UseResidential
Legal DescriptionRIDGEPOINTE PH 1A BLK A LOT 12
Census Tract021518
Assessed Land Value$105,600
Assessed Improvement Value$400,634
Assessment Year2025

About this property

Fabulous four-bedroom two bath home in the family friendly Ridgepointe subdivision. All new flooring throughout the house. Solar screens on the south and west side to keep utility bills reasonable. It is on the main electric grid making power outages minimal. During the Texas epic winter storm only one very brief outage. The kitchen is absolutely amazing. All brand-new appliances and freshly painted kitchen cabinets. There is plenty of room to cook those gourmet meals. It opens to a spacious family room with a awesome pool view. The pool has a waterfall and is great for hot Texas summers. The master bedroom looks out over the pool and the bathroom features an extra-large walk-in closet with tons of space. Schools are nearby in the well-respected Lewisville ISD. There is a park just a few blocks away with a large playground area and bike trail. Easy commute to DFW area via 121. I-35, and DNTW. Bring your buyers out quick! This incredible home won't last long.

Investor Tools

Property Icon
$506,234
Estimated Property Value
$494,700Estimated Mortgage Balance
$43,610Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,037 /month
Positive
Cash Flow Estimate:
$1,012 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$919/month
$95/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,500
$506,234
2025
$105,600
$400,634
$506,234
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,500
$506,234

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ark-La-Tex Financial Services Llc
Conventional
$494,700
No
First
Nov 29, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$462,624
$43,610
8%
91%
$2,966/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$3,061/mo
$-721/mo
5.5%

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.

Explore Texas Explore This Area
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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4608 Sarasota Dr | Property Details | No Agent List