Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
Auction List
Auction List
  • Real estate scheduled for county or online auction
Deals List
Deals List
  • Discounted properties priced below market value
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS

$1,286,000

NAL Estimated Property Value

6561 Terrace Dr, The Colony, TX, 75056

Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,627 Sq Ft
price_per_sqft$280.74 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesGas Cooktop, Microwave, Double Oven, Tankless Water Heater, Wine Cooler
FlooringCarpet, Ceramic Tile, Tile, Wood, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Fire Pit, Rain Gutters, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower
Lot Size12,419 sqft

Building Information

Year Built2008
Stories2
Roof Type105
Garage Spaces4

Land Information

APNR232837
Lot Number4
SubdivisionStewart Peninsula Northshore
Land UseResidential
Legal DescriptionSTEWART PENINSULA NORTHSHORE BLK L LOT 4
Census Tract021516
Assessed Land Value$172,143
Assessed Improvement Value$750,076
Assessment Year2025

About this property

Lake living without the maintenance! Enjoy stunning views at this resort style home & community lake access. Keep your watercraft in the 36’ boat garage specifically designed to accommodate a wakeboard tower fully raised. It's insulated, so no need to winterize. Put in minutes away at Stewart Creek Park, saving thousands on marina fees. This single owner, custom home, built by Shaddock & McNaught has many special touches like art niches, beautiful travertine & marble inlaid floors, built-in benches at the breakfast nook, hand troweled walls & speakers nearly everywhere! The floorplan cannot be beat: The spacious master suite has features to make every day living more enjoyable, such as a door to the backyard, double shower heads & double closets. The office-second bedroom downstairs with full bath is the perfect space to catch up on work & receive guests. Upstairs is made for fun! Media room is spacious, with seating down below & up at the counter. Complete with big screen, projector, sconces on dimmers & dry bar. Game room is large enough for play & creativity. The screened balcony overlooking the lake is sure to become a feature you will love. The guest suite is nearly an apartment, complete with mini kitchen & washer dryer hookup. You will wonder how you ever lived without this space! And the walk out attic is sure to be a hit when storing seasonal items. Many big ticket items recently done: Class 4 roof & gutters, exterior painting & caulking, both AC systems, garage doors & pool decking all replaced to provide relief from maintenance concerns. The backyard is an oasis featuring a gorgeous pool & spa with waterfall edge, piered at construction to avoid future problems. Cool LED pool lights will make your evenings shine. Catch some rays out on the ample travertine decking or seek shade under the pergola and up at the bar of the outdoor kitchen. Centrally located near 121 & DNT, the metroplex is your oyster! Come live in style, making memories at the lake today!

Investor Tools

Property Icon
$1,286,000
Estimated Property Value
$370,753Estimated Mortgage Balance
$917,361Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,794 /month
Positive
Cash Flow Estimate:
$2,598 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,791/month
$273/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,060
$875,647
2025
$172,143
$750,076
$922,219
No

Tax History

Year
Tax Paid
Assessed Value
2025
$15,060
$875,647

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Stearns Lending Llc
Conventional
$406,000
No
First
Nov 29, 2021
Jan 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,753
$504,894
57%
29%
$2,435/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,060/mo
$2,708/mo
+$352/mo
2.9%

City: The Colony

6561 Terrace Dr | Property Details | No Agent List