6view

Owner Contacts

$462,736

NAL Estimated Property Value

7124 Longo Drive, The Colony, TX, 75056

Off Market

4 Beds

3 Bath

2,486 Sq Ft

$168.95 / sqft

Built in 1990

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Gas Water Heater, Microwave

FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Private Pool

Exterior FeaturesRain Gutters

Lot Size7,200 sqft

Building Information

Year Built1990

Stories2

Roof Type105

Garage Spaces2

Land Information

APNR155947

Lot Number7

SubdivisionNorthpointe Ph 2

Land UseResidential

Legal DescriptionNORTHPOINTE PH 2 BLK 3 LOT 7

Census Tract021533

Assessed Land Value$86,400

Assessed Improvement Value$376,336

Assessment Year2025

About this property

This beautiful home in sought-after Northpointe offers an expansive floorplan, a sparking pool, extensive updates and is nestled on a quiet street close to Bill Allen Park! Upgrades-features include...two convenient study areas, large living area with brick FP & hearth, gourmet kitchen with farmhouse sink & light fixture, painted cabs, LPV flooring, upgraded appliances (2022) & sunny breakfast area, convenient downstairs media room wired for sound, storage behind garage door, formal dining with storage cubbie, large owners suite & bath with separate garden tub, shower & 2 WIC with organizers, 3 spacious bedrooms up, wonderful large & treed backyard for entertaining with pool-spa, long driveway, large open patio & enclosed by a BOB fence with electric gate, interior & exterior paint (6-22 & 10-22), HVAC updated (2021 & 2022), pool motor (9-22), water heater (6-22), custom lighting & crown molding & just min from all the attractions & shopping at Grandscape. Priced to Sell! #realtytown3

Investor Tools

$462,736

Estimated Property Value

$381,735Estimated Mortgage Balance

$81,001Estimated Equity

17% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,776 /month

Positive

Cash Flow Estimate:

$925 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$829/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,638

$462,736

2025

$86,400

$376,336

$462,736

Tax History

Year

Tax Paid

Assessed Value

2024

$7,638

$462,736

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Inc

Fha

$407,483

Yes

First

Dec 22, 2022

Jan 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$381,735

$81,001

17%

82%

$2,444/mo

Learn About the Market: Opportunity in Texas

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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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