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$420,000

7221 Ragan Pl, The Colony, TX, 75056

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,135 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$196.72 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-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 Range, Electric Water Heater, Refrigerator
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size8,398 sqft

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR90364
Lot Number9
SubdivisionColony No 18
Land UseResidential
Legal DescriptionCOLONY NO 18 BLK 124 LOT 9
Census Tract021521
Assessed Land Value$88,200
Assessed Improvement Value$276,240
Assessment Year2025

About this property

What a rarely find property in City of The Colony. The house is located in a quiet cul-de-sac and back to the green green State reserved area. The house is light and clean with laminate flooring throughout the home. Huge living room has a wood burning fireplace and a wet bar. Customized cabinets, granite countertop and island in kitchen for you to enjoy cooking and also enjoy the beautiful nature view as well. The family room can be your family's entertainment center for all your actives, or just be a nice cozy spot for an afternoon nap or meditation. Lots of upgrades and a solar roof for saving energy bill. (Transferable ownership). Come to see this good one, you will in love of it right away.

Investor Tools

Property Icon
$385,000
Estimated Property Value
$373,015Estimated Mortgage Balance
$0Estimated Equity
3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$643/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,791
$364,440
2025
$88,200
$276,240
$364,440
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,791
$364,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Planet Home Lending Llc
Fha
$373,015
Yes
First
May 25, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$704,990
N/A
0%
183%
$4,474/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,340/mo
$4,474/mo
$-2,134/mo
7.3%

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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7221 Ragan Pl | Property Details | No Agent List