1Days on Market

4view

$310,000

5031 Colonial Avenue, Dallas, TX, 75215

On Market

Just Added

3 Beds

3 Bath

1,725 Sq Ft

Condos / Townhouses

$179.71 / sqft

Built in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms 3

AppliancesDishwasher, Disposal, Electric Range, Microwave

FlooringLaminate, Wood

Exterior

Lot Size7,700 sqft

Building Information

Garage Spaces2

Land Information

APN00000207889000000

Lot Number50

SubdivisionErvay Place

Land UseResidential

Legal DescriptionERVAY PLACE BLK 2247 LT 50 INT202500119632 DD06032025 CO-DC 2247 000 05000 1002247 000

Census Tract020900

Assessed Land Value$69,300

Assessment Year2025

About this property

***$10,000 BUYER INCENTIVE TO USE TOWARDS DOWN PAYMENT OR CLOSING COSTS. New Construction, beautiful townhome located minutes from downtown Dallas. The 3-bedroom 2.5 bath would be great for entertaining. The kitchen layout is perfect for the home chef. The electric fireplace in the family room brings coziness to the space. The primary bedroom includes a wall design add a custom effect to the space. The primary bedroom features a private walk-out balcony. The master bath features a walk-in shower and a separate tub. This house has all the design elements to make it your next home. Hurry, this beautiful town house wont last long.

Investor Tools

$181,000

Estimated Property Value

$0Estimated Mortgage Balance

$0Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,860 /month

Positive

Cash Flow Estimate:

$620 /month

Interested in this property?

LaShanda Johnson

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$204/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$1,543

$69,300

2025

$69,300

N/A

$69,300

Yes (2098)

Tax History

Year

Tax Paid

Assessed Value

2025

$1,543

$69,300

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Interbank

Open End Mortgage / Open End With Future Advance Clause

$493,500

No

First

Dec 31, 2025

Jan 2027

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$488,473

N/A

0%

270%

$2,959/mo

Learn About the Market: Opportunity in Dallas

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Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

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