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$479,000

NAL Estimated Property Value

616 Colonial Dr, Portland, TX, 78374

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,612 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$183.38 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 3Bathrooms Half 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Range Hood
FlooringCarpet, Other, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size14,810 sqft

Building Information

Year Built1989
Roof Type105
Garage Spaces2

Land Information

APN1101-0036-0008-000
Lot Number8
SubdivisionNorth Shore Unit 7
Land UseResidential
Legal DescriptionNORTH SHORE UNIT 7 BLK 36 LOT 8
Census Tract010603
Assessed Land Value$114,114
Assessed Improvement Value$342,606
Assessment Year2025

About this property

Tucked away in the coveted NorthShore subdivision on a quiet single-street enclave, this beautifully updated home offers the perfect blend of comfort, space, and outdoor living. Inside, you’ll find a thoughtfully designed layout with four bedrooms, a dedicated office, and a formal dining room—ideal for both everyday living and entertaining. The spacious living area features a cozy fireplace with the option for wood-burning or gas logs, creating a warm and inviting focal point. The primary suite is conveniently located on the main level, along with an additional guest bedroom and full bath. A separate laundry room downstairs adds to the home’s functionality. Upstairs, two additional bedrooms share a guest bath and are complemented by a sizeable landing area. The interior has been freshly painted, and a brand-new roof installed this year provides peace of mind for years to come. Step outside and discover what truly sets this property apart. The backyard is a private retreat designed for relaxation and entertaining. A sparkling pool with spa is surrounded by expansive decking, offering plenty of space for lounging and gatherings. The covered back porch features a cooking area and overlooks the entire yard and pool, making it the perfect spot to unwind or host guests. Beyond the pool, a large side yard provides even more space to enjoy. Mature landscaping, towering oak trees, and lush greenery create a serene, park-like setting that nature lovers will appreciate. Fully fenced and equipped with a sprinkler system, gutters, dehumidifier and UV system for HVAC, and a new back flow preventer, the property is as practical as it is beautiful. Double gates on the side of the garage allow for extended parking, adding extra convenience. This is more than just a home—it’s a peaceful escape where the outdoor space truly shines.

Investor Tools

Property Icon
$479,000
Estimated Property Value
$251,283Estimated Mortgage Balance
$227,717Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,874 /month
Positive
Cash Flow Estimate:
$958 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$877/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,133
$456,720
2025
$114,114
$342,606
$456,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,133
$456,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Caliber Home Loans Inc
Conventional
$284,000
No
First
Jun 25, 2020
Jul 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$251,283
$227,717
47%
52%
$1,703/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: Portland

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616 Colonial Dr | Property Details | No Agent List