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$346,000

NAL Estimated Property Value

5016 Watkins Cir, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,727 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.93 / sqft
Year BuiltBuilt in 1977

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 Cooktop, Electric Oven, Microwave

Exterior

Exterior FeaturesRain Gutters
Lot Size6,599 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR10170
Lot Number84
SubdivisionColony No 15
Land UseResidential
Legal DescriptionCOLONY NO 15 BLK 103 LOT 84
Census Tract021521
Assessed Land Value$66,000
Assessed Improvement Value$217,807
Assessment Year2025

About this property

Welcome to this meticulously updated home, ideally located just a short distance from Lake Lewisville, Grandscape, and The Star in Frisco. This stunning fully rehabbed 4-bedroom, 2-bath home features all new flooring throughout and an array of modern upgrades and a 2.5 car garage. The kitchen boasts all new Samsung appliances, quartz countertops, and a stylish tile backsplash. Master bath includes a custom walk-in frameless shower and designer finishes. Secondary bathroom includes brand new tub, custom tile, and designer finishes. Other highlights include a brand new HVAC system, water heater, updated electrical panel, and energy-efficient windows. The exterior is equally impressive with new roof, gutters, fresh paint, and a landscaped yard complete with new fencing and a fully equipped garage. With ample storage and a flexible layout, this home combines modern elegance with comfort—don’t miss your chance to make it yours! Schedule a tour today and experience all it has to offer!

Investor Tools

Property Icon
$346,000
Estimated Property Value
$297,595Estimated Mortgage Balance
$48,405Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,310 /month
Positive
Cash Flow Estimate:
$770 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$680/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,434
$283,807
2025
$66,000
$217,807
$283,807
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,434
$283,807

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Conventional
$304,800
No
First
Jan 14, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,595
$48,405
13%
86%
$1,828/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,828/mo
+$512/mo
8.1%

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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5016 Watkins Cir | Property Details | No Agent List