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$345,000

5008 N Colony Blvd, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,648 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.34 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

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, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size6,599 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR09839
Lot Number17
SubdivisionColony No 15
Land UseResidential
Legal DescriptionCOLONY NO 15 BLK 103 LOT 17
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$260,432
Assessment Year2025

About this property

***ASK ABOUT NO PAYMENTS until 2026 with preferred lender!*** Nestled in the heart of The Colony, this charming 3-bedroom, 2-bathroom home offers a spacious and inviting floor plan. The bright living area features vaulted ceilings and seamlessly flows into the dining space, both offering picturesque outdoor views. The beautifully updated kitchen boasts granite countertops, a glass subway tile backsplash, and custom 42-inch white cabinetry, creating a stylish and functional space. Throughout the home, you’ll find luxury vinyl flooring and tile—no carpet! The spacious primary suite includes a double sink vanity. Step outside to enjoy a fenced backyard with a covered patio, perfect for relaxing or entertaining. Ideally located, this home offers easy access to SRT and is just minutes from Lake Lewisville, Stewart Creek Park, Grandscape, The Star, and more! Whether you’re in the mood for shopping, dining, or outdoor adventures, everything is within reach. Don’t miss your chance to call this prime location home!

Investor Tools

Property Icon
$332,000
Estimated Property Value
$272,000Estimated Mortgage Balance
$0Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,070 /month
Positive
Cash Flow Estimate:
$690 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$597/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,499
$326,432
2025
$66,000
$260,432
$326,432
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,499
$326,432

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Right Start Mortgage Inc
Conventional
$272,000
No
First
Nov 4, 2025
Dec 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$539,258
N/A
0%
162%
$3,262/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$3,262/mo
$-922/mo
8.5%

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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