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$439,000

$461,600

5821 Madison Dr, The Colony, TX, 75056

Under ContractInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,490 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.31 / sqft
Year BuiltBuilt in 1990

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,411 sqft

Building Information

Year Built1990
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR158898
Lot Number11
SubdivisionNorthpointe Ph 3
Land UseResidential
Legal DescriptionNORTHPOINTE PH 3 BLK 7 LOT 11
Census Tract021533
Assessed Land Value$93,636
Assessed Improvement Value$358,495
Assessment Year2025

About this property

Market-driven pricing creates attractive opportunity for a home that's exceptionally maintained. Located in The Colony near Grandscape, parks, shopping, dining, entertainment, major highways, this beautifully updated home offers exceptional convenience, comfort, and move-in-ready living. Extensive upgrades, thoughtful features, meticulous maintenance, a rare opportunity to own a truly turnkey property. Improvements provide peace of mind and enhanced efficiency including new roof March 2026, enclosed mechanical room, tankless water heater, new gas line to the home, additional attic insulation, fresh interior paint, updated front entry door, solar screens for energy efficiency or remove them for added light. Inside, gorgeous hardwood flooring flows throughout the main level creating warm and inviting atmosphere. The kitchen is designed for both everyday living and entertaining, featuring elegant countertops, ample cabinetry, generous prep space, a Bosch dishwasher, included refrigerator and an open layout connecting seamlessly to the dining and living areas. The primary suite offers a relaxing retreat with an updated ensuite bath. A convenient upstairs laundry chute adds everyday functionality, while the oversized laundry room provides abundant storage and workspace. The washer, dryer, kitchen refrigerator, laundry room refrigerator, and garage safe are all included with the home. Outdoor living is equally impressive, with a side patio that is perfect for relaxing or entertaining family and friends. Car enthusiasts, hobbyists, and those needing additional parking will appreciate the expanded driveway, oversized covered parking area, 4-car carport, and attached 2-car garage. A large storage shed offers even more space for tools, equipment, and seasonal items. As an added bonus buyers receive a special 5-day cruise incentive with the purchase of this home. Ask about the mortgage special and up to $2000 Carpet Allowance Available

Investor Tools

Property Icon
$462,000
Estimated Property Value
$133,700Estimated Mortgage Balance
$404,633Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,772 /month
Positive
Cash Flow Estimate:
$924 /month

Interested in this property?

Ed Nadwodny

E 5 Realty

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$486/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,519
$452,131
2025
$93,636
$358,495
$452,131
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,519
$452,131

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bankers Financial Grp
Credit Line (Revolving) / Heloc
$133,700
No
First
N/A
Jan 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$57,367
$404,633
87%
12%
$802/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: The Colony

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5821 Madison Dr | Property Details | No Agent List