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$406,000

NAL Estimated Property Value

7 Melroy Cir, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,980 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.02 / sqft
Year BuiltBuilt in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Laminate, Wood, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesDog Run, Rain Gutters, Lighting, Storage
Lot Size8,350 sqft

Building Information

Year Built1985
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR102139
Lot Number26
SubdivisionColony No 28
Land UseResidential
Legal DescriptionCOLONY NO 28 BLK 241 LOT 26
Census Tract021518
Assessed Land Value$82,697
Assessed Improvement Value$316,987
Assessment Year2025

About this property

FABULOUS ONE STORY WITH COMPLETLY UPDATED POOL & TONS OF OTHER UPDATES! 3 Bedrooms, 2 Bathrooms, 2 Car Garage, Formal Dining, Living Room, Den & Office. Kitchen with Stainless Appliances, Granite Counters, Farm Sink, Tile Backsplash & Breakfast Area with Window Seat! Living Room with Wood Burning Fireplace. Granite in Bathrooms with New Fixtures and Sinks! Other Features Include: Laminate Flooring, New Carpet, Fresh Paint, New Hot Water Heater, New Roof & Gutters, Plumbing Repaired, Foundation Repaired with Lifetime Warranty, New Air Conditioner in 2021 and New Lighting, Fans and Switches. Backyard with Pool that has been Resurfaced, Retiled and has new Equipment and Shed that has been Rebuild, Reroofed and Painted in 2022. Conveniently Located to Lake Lewisville, and HWY 121 for an Exciting Array of Shopping & Dining Options!

Investor Tools

Property Icon
$406,000
Estimated Property Value
$307,648Estimated Mortgage Balance
$98,352Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,436 /month
Positive
Cash Flow Estimate:
$812 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$631/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,541
$392,682
2025
$82,697
$316,987
$399,684
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,541
$392,682

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Crosscountry Mortgage Llc
Conventional
$327,250
No
First
Feb 2, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$307,648
$98,352
24%
76%
$1,963/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$1,963/mo
+$377/mo
6.9%

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.

Explore Texas Explore This Area
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: The Colony

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7 Melroy Cir | Property Details | No Agent List