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$1,187,000

NAL Estimated Property Value

6553 Westway Dr, The Colony, TX, 75056

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,172 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$287.39 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Cooktop, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesGas Grill
Lot Size12,881 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR232823
Lot Number35
SubdivisionStewart Peninsula Northshore
Land UseResidential
Legal DescriptionSTEWART PENINSULA NORTHSHORE BLK K LOT 35
Census Tract021516
Assessed Land Value$439,920
Assessed Improvement Value$735,940
Assessment Year2025

About this property

Improved price for quick sale! 1.5 story lakefront home in Stewart Peninsula, near 121, The DNT, & Marina. Boating enthusiasts will love the 3 car tandem garage perfect for keeping your boat at home & putting in at the ramp just minutes away. The floorplan of this approx. 4,172 SF lake home can't be beat. All bedrooms are located on the main floor, have ensuite baths & spacious walk-in closets & are separated from one another. Family room, Living room, kitchen & master all enjoy big, open water views. The office was originally a 4th bedroom in the building plans, has a closet, and could be a 4th bedroom if needed. Gameroom with balcony & gorgeous lake views upstairs. Be sure to check out the floorplan in the photos! The two tier backyard features a covered stamped concrete patio with gas hookup for a grill, built in speakers, and a stairway to get down to approximately 85' of lake frontage. The master bedroom has a large sitting area, tray ceilings, double entry closet, gorgeous lake views, & door to the patio. Spacious master bathroom with spa tub & huge double entry walk-in shower. Excellent storage throughout the house, built in cabinets practically everywhere. The kitchen overlooks the living area & comes with a double oven, electric cooktop, island, lots of counterspace & more stunning views!  Triple crown molding, multiple dining areas, three large living areas, 2 fireplaces, covered balcony, 3 car garage and much more! Location can't be beat! Imagine watching the sunset while enjoying the negative edge pool & the lake beyond at the adult only community pool just down the street. The family pool isn't far, either. Want your own pool? There is room. And all of the shopping, dining & recreational opportunities of the 121 corridor are only minutes away, making this your dream lake house in the dream location. Sellers have recently repainted & had carpet replaced. Boat & ride mower stay with full price contract!

Investor Tools

Property Icon
$1,187,000
Estimated Property Value
$356,603Estimated Mortgage Balance
$830,397Estimated Equity
69% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,061/month
$273/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,799
$1,175,860
2025
$439,920
$735,940
$1,175,860
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,799
$1,175,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Chase Manhattan Mtg Corp
N/A
$471,404
N/A
First
Mar 27, 2002
Apr 2033

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$356,603
$830,397
69%
30%
$4,287/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$4,560/mo
$-2,220/mo
2.4%

City: The Colony

6553 Westway Dr | Property Details | No Agent List