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$282,000

$289,000

4805 Wheeler Dr, The Colony, TX, 75056

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,516 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.02 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Vented Exhaust Fan
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size6,599 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR14933
Lot Number2
SubdivisionColony No 16
Land UseResidential
Legal DescriptionCOLONY NO 16 BLK 106 LOT 2
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$195,190
Assessment Year2025

About this property

**1 percent buyer credit from lender at closing if buyer uses preferred lender** SELLERS OPEN TO PROVIDING AN ALLOWANCE FOR UPDATES! In the heart of The Colony in an established neighborhood, this 3 bed 2 bath home is in a perfect location for those wanting a quiet neighborhood just minutes away from the lake, shopping, parks, restaurants, and entertainment. With quick access to Hwy 121, commuters and adventurers can get anywhere! Open concept living and dining spaces open the flow of the common areas. New paint in all bedrooms makes them light and bright. Laundry room near the bedrooms is a nice convenience, as is the large hallway storage closet. Primary bedroom has a large closet and private ensuite. Semi-private alley access to the attached 2 car garage and backyard. Put your personal touches and updates into this house and make it HOME! This would also make a fantastic investment opportunity.

Investor Tools

Property Icon
$286,000
Estimated Property Value
$222,888Estimated Mortgage Balance
$89,604Estimated Equity
22% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,716 /month
Positive
Cash Flow Estimate:
$572 /month

Interested in this property?

Wendy Bartlett

BHHS Premier Properties

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$540/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,051
$261,190
2025
$66,000
$195,190
$261,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,051
$261,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Fha
$222,888
Yes
First
Jun 19, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,805
$95,195
32%
69%
$1,337/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,337/mo
+$1,003/mo
9.8%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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4805 Wheeler Dr | Property Details | No Agent List