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Days38Days on Market
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$415,000

5119 Murillo Drive, Iowa Colony, TX, 77578

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,223 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.68 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDisposal, Gas Oven, Microwave, Gas Range, Dishwasher

Exterior

Lot Size7,728 sqft

Building Information

Garage Spaces2

Land Information

APN6574-5511-003
Lot Number3
SubdivisionMeridiana Sec 55a
Land UseResidential - Vacant Inventory
Legal DescriptionMERIDIANA SEC 55A (A0514) (IOWA COLONY) BLK 1 LOT 3
Census Tract661800
Assessed Land Value$78,820
Assessment Year2025

About this property

Beautiful Newmark Bluebell floor plan situated on a quiet cul-de-sac, featuring 4 bedrooms and 3 full baths. This open-concept design seamlessly connects the family room, kitchen, and breakfast area, creating the perfect space for everyday living and entertaining. The spacious primary suite offers a walk-in closet and dual vanities. Upstairs features a large game room, two additional bedrooms, and a full bath. Step outside to the upgraded covered patio and enjoy the generously sized backyard and beautiful Texas sunsets. Schedule your private tour today!

Investor Tools

Property Icon
$343,000
Estimated Property Value
$0Estimated Mortgage Balance
$16,453Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

Interested in this property?

Jared Turner

Turner Mangum,LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$225/month
$1,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$987
$67,800
2025
$78,820
N/A
$78,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$987
$67,800

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Mortgage Providers Llc
Conventional
$330,400
No
First
Oct 31, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$326,547
$16,453
4%
95%
$1,981/mo

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: Iowa Colony

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5119 Murillo Drive | Property Details | No Agent List