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$465,000

NAL Estimated Property Value

5613 Phoenix Dr, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,906 Sq Ft
price_per_sqft$262.33 / sqft
Year BuiltBuilt in 2001

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant Homes

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, Microwave
FlooringCarpet, Vinyl

Exterior

Lot Size5,536 sqft

Building Information

Year Built2001
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR230372
Lot Number29
SubdivisionLegend Trails Ph I
Land UseResidential
Legal DescriptionLEGEND TRAILS PH I BLK C LOT 29
Census Tract021530
Assessed Land Value$99,648
Assessed Improvement Value$361,715
Assessment Year2025

About this property

Located in the desirable Legend Trails community just minutes from the Sam Rayburn Tollway, shopping, and dining in The Colony, this beautifully upgraded one-story home offers 3 bedrooms and 2 full bathrooms with thoughtful design and comfort throughout. The formal dining room flows into a sitting area, while the open-concept kitchen, breakfast nook, and living room—with its classic brick-front fireplace—create a warm and inviting atmosphere. The kitchen features custom-painted cabinets, granite countertops, a subway tile backsplash, and a pantry for added storage. Stylish luxury vinyl plank flooring runs throughout the home, combining durability with modern appeal. The spacious primary suite includes a private sitting area, walk-in closet, dual sinks, a soaking tub, and a glass-framed shower. Step outside to enjoy a 350 sq. ft. custom-built covered patio and a tall fenced backyard—perfect for relaxing or entertaining in a private outdoor setting. Significant upgrades include a new roof installed in May 2025 with 30-year architectural shingles, a Lennox HVAC system (2020) with an upgraded air handler under extended warranties. Additional features include a tankless water heater (2021), whole-home surge protection, and an upgraded fuse box (2024), adding long-term value and peace of mind. Residents of Legend Trails enjoy access to community amenities including a hike and bike trail, and more. With a move-in-ready interior, quality updates, and a prime location, this home offers a blend of comfort, convenience, and community living. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.

Investor Tools

Property Icon
$465,000
Estimated Property Value
$148,029Estimated Mortgage Balance
$316,971Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$721/month
$468/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,331
$427,514
2025
$99,648
$361,715
$461,363
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,331
$427,514

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$150,000
No
First
Aug 7, 2025
Sep 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$148,029
$316,971
68%
32%
$900/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,368/mo
+$972/mo
6.0%

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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5613 Phoenix Dr | Property Details | No Agent List