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$630,000

611 Colby Dr, Mansfield, TX, 76063

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,882 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$115.92 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 4Bathrooms 4
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size7,797 sqft

Building Information

Year Built2016
Garage Spaces3

Land Information

APN7604-2-7-70
Lot Number7
Land UseResidential Single Family
Legal DescriptionCOLBY CROSSING ADDN BLOCK 2 LOT 7 PER PLAT D214006609
Census Tract111319
Assessed Land Value$90,000
Assessed Improvement Value$479,000
Assessment Year2025

About this property

Gorgeous Megatel home located in Colby Crossing. This is a 5 bedroom 4 bathroom in MISD. Beautiful brick and stone front exterior with Rotunda style foyer. There are 4 bedrooms on the first floor and 1 bedroom, gameroom, and media room on the second floor. Excess lighting thru out, with huge island in kitchen, stainless appliances, neutral color palette, open concept living and breakfast area with fireplace, rich wood floors, granite in kitchen and all wet area thru out home, gas cook top, custom cabinetry, Energy certified home. Master suite with jetted tub, separated shower, separate closets, dual sinks. Game room and Media room. 2 car garage with Tandem storage. Must see.

Investor Tools

Property Icon
$630,000
Estimated Property Value
$440,000Estimated Mortgage Balance
$239,091Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,780 /month
Positive
Cash Flow Estimate:
$1,260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,192/month
$650/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,151
$569,000
2025
$90,000
$479,000
$569,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,151
$569,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Va
$440,000
Yes
First
Aug 19, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$391,704
$238,296
37%
62%
$2,639/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.

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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: Mansfield

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611 Colby Dr | Property Details | No Agent List