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$319,900

5348 Strickland Ave, The Colony, TX, 75056

Under ContractInfo
Beds3 Beds
Baths2 Bath
Baths1,335 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$239.63 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Range
FlooringCeramic Tile, Vinyl

Exterior

Lot Size7,131 sqft

Building Information

Year Built1974
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR90828
Lot Number2
SubdivisionColony No 7
Land UseResidential
Legal DescriptionCOLONY NO 7 BLK 57 LOT 2
Census Tract021520
Assessed Land Value$64,170
Assessed Improvement Value$189,545
Assessment Year2025

About this property

PRICE IMPROVEMENT!....Beautifully updated and move-in ready, this charming home offers the perfect blend of comfort, style, and functionality in the heart of The Colony. From the moment you arrive, you’ll notice the outstanding curb appeal. Step inside to discover gorgeous wood-look luxury vinyl plank flooring designed for durability and timeless appeal, along with an open-concept floor plan that creates a bright and welcoming atmosphere. The fully remodeled 2026 kitchen is truly the centerpiece of the home, showcasing quartz countertops, brand-new cabinetry, stainless steel appliances, updated sink and faucet - perfect for everyday living and hosting guests alike. The cozy corner wood-burning fireplace adds warmth and character to the main living area, making it the ideal gathering spot on cool evenings. All three bedrooms are generously sized. The spacious primary suite serves as a private retreat with walk-in closet and oversized shower. Additional updates include a beautifully refreshed hall bathroom with new flooring, vanity, faucet, toilet, and paint. The expansive backyard is ready for entertaining with a flat layout and no neighbors behind the home. There’s plenty of room for pets, gardening, and gatherings with family and friends. Conveniently located with easy freeway access for commuters, this exceptional home is ideal for first-time buyers, those looking to downsize, or anyone searching for a move-in-ready property with thoughtful upgrades throughout. Schedule your showing today! Owner Financing Available.

Investor Tools

$0Estimated Mortgage Balance
$317,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,919 /month
Positive
Cash Flow Estimate:
$640 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$511/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,544
$253,715
2025
$64,170
$189,545
$253,715
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,544
$253,715

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$281,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
N/A
+$2,340/mo
8.9%

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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5348 Strickland Ave | Property Details | No Agent List