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$457,311

7101 Elliot Ct, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,773 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$197.41 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee Owner

Highlights

Interior

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

Exterior

Lot Size13,900 sqft

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR12228
Lot Number27
SubdivisionColony No 27
Land UseResidential
Legal DescriptionCOLONY NO 27 BLK 220 LOT 27
Census Tract021516
Assessed Land Value$85,946
Assessed Improvement Value$371,365
Assessment Year2025

About this property

BACK ON THE MARKET DUE TO BUYERS PERSONAL ISSUES Location, Location, Location. Wonderful one story home with a view of the lake from the back porch, located on a third of an acre corner lot. 3 Bedrooms, 2 bathrooms, living room with a floor to ceiling stone fireplace and a bonus room. Upgraded kitchen with granite look counters and stainless steel appliances. All living areas have Hand Scrapped Bamboo wood floors. Within minutes to schools, shopping, grocery stores, Nebraska Furniture Mart, restaurants, About 20 minutes to the DFW airport, less than 15 minutes to the Stonebriar Center, Dallas North Tollway.

Investor Tools

Property Icon
$457,311
Estimated Property Value
$334,400Estimated Mortgage Balance
$140,765Estimated Equity
27% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,744 /month
Positive
Cash Flow Estimate:
$915 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$802/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,338
$457,311
2025
$85,946
$371,365
$457,311
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,338
$457,311

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Conventional
$334,400
No
First
Jun 16, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$316,546
$140,765
30%
69%
$2,005/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$2,005/mo
+$335/mo
6.1%

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: The Colony

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7101 Elliot Ct | Property Details | No Agent List