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B+
NoAgentList RatingHow are grades calculated? Info

$391,000

955 Shelby Ln, The Colony, TX, 75056

Off MarketInfo
Beds2 Beds
Baths3 Bath
Baths1,489 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$235.06 / sqft
Year BuiltBuilt in 2008

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size1,703 sqft

Building Information

Year Built2008
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR279749
Lot Number5
SubdivisionLake Ridge Town Homes
Land UseResidential
Legal DescriptionLAKE RIDGE TOWN HOMES BLK D LOT 5
Census Tract021517
Assessed Land Value$68,200
Assessed Improvement Value$245,111
Assessment Year2025

About this property

$1000 HOA credit for 2024!! SHORT TERM AND LONG TERM LEASING PERMITTED. MOVE IN READY & PERFECTLY CARED FOR. YOU CANNOT GET A BETTER PRICE IN THE COLONY! Grand ceilings, warm natural light, wood and tile flooring lower and carpet upper. Living space is prewired for surround sound and the open layout features a large kitchen with bar seating & eat in dining with an under the stairs pantry that does not disappoint. The kitchen is well appointed with granite counters and under cabinet lighting. Once you ascend the staircase you will find two spacious bedrooms, each with an en-suite bathroom, offering comfort and privacy, with an additional flex space or office area in the loft. The Primary bedroom faces the back of the town home and also comes with LARGE dual closets, his & her sinks and a separate tub and walk in shower. 2 car rear garage! Fully transferable lifetime foundation warranty included. HOA covers all yard work, street maintenance, pool & common areas.

Investor Tools

Property Icon
$391,000
Estimated Property Value
$0Estimated Mortgage Balance
$391,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,346 /month
Positive
Cash Flow Estimate:
$782 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$542/month
$2,300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,544
$313,311
2025
$68,200
$245,111
$313,311
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,544
$313,311

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$391,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,860/mo
$2,300/mo
$-440/mo
5.7%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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955 Shelby Ln | Property Details | No Agent List