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$895,000

NAL Estimated Property Value

6905 Meade Drive, Colleyville, TX, 76034

Off MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,521 Sq Ft
price_per_sqft$159.05 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 5Bathrooms Full 5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size12,449 sqft

Building Information

Year Built1996
Stories2
Garage Spaces3

Land Information

APN24255-2-3
Lot Number3
SubdivisionLongwood Estates @ Ross Downs
Land UseResidential
Legal DescriptionLONGWOOD ESTATES @ ROSS DOWNS BLOCK 2 LOT 3
Census Tract113634
Assessed Land Value$142,900
Assessed Improvement Value$640,100
Assessment Year2025

About this property

UPDATE: Hardwood Floors have been installed on the first floor since this home has been listed. Immaculate home where home ownership pride shines throughout. This amazing home boasts two large family rooms and a dining area on first floor. The fully updated kitchen boasts modern stainless steel appliances. Master suite with large sitting area on First Floor. A second bedroom with full bath on first floor. Upstairs has a media or game room with three bedrooms and three full baths. The backyard oasis is perfect for entertaining with a sparkling pool. Home is within walking distance to Kimsey Park. Jogging trails, Lake, Playground.

Investor Tools

Property Icon
$895,000
Estimated Property Value
$451,049Estimated Mortgage Balance
$443,951Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,370 /month
Positive
Cash Flow Estimate:
$1,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$623/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,004
$783,000
2025
$142,900
$640,100
$783,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,004
$783,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cornerstone Home Lending Inc
Conventional
$419,875
No
First
Jul 11, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$451,049
$443,951
49%
50%
$3,028/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: Colleyville

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6905 Meade Drive | Property Details | No Agent List