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    5241 Reed Dr, The Colony, TX 75056

    3beds
    1,881sqft
    Single Family Residence
    Built in 1983
    6,821 Square Feet Lot
    $324,400 Zestimate®
    $--/sqft
    $2,547 Estimated rent

    Home value

    $324,400

    $292,000 - $354,000

    $2,547/mo

    Zestimate® history
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    What's special

    THIS HOME IS AN INVESTOR'S OPPORTUNITY! LOTS OF FIXING NEEDED BUT LOCATED IN A FRIENDLY NEIGHBORHOOD FOR FAMILIES. ONCE RESTORED, UPDATED, AND IMPROVED, THE POPULAR FLOOR PLAN WILL BE VERY ATTRACTIVE. CASH BUYER PREFERRED! CALL LISTING AGENT WITH QUESTIONS AS HAPPY TO HELP. SEE DOCUMENTS FOR MANDATORY FORM TO BE ACKNOWLEDGED BY BUYER RE WATER DAMAGE, TOXIC MOLD AND ENVIRONMENTAL DISCLOSURE RELEASE AND INDEMNIFICATION AGREEMENT. AUCTION DISCLOSURE: THIS PROPERTY IS NOW UNDER ON-LINE AUCTION TERMS. ALL BIDS MUST BE SUBMITTED VIA LINK BELOW DURING THE SEE THE PROPERTY'S LISTING PAGE AT www.servicelinkauction.com. THIS SALE IS SUBJECT TO A 5% OR $2,500 MINIMUM BUYER'S PREMIUM PURSUANT TO THE AUCTION TERMS AND CONDITIONS. ALL BIDS WILL BE SUBJECT TO SELLER APPROVAL (MINIMUMS MAY APPLY). AUCTION DEADLINE NOW EXTENDED 12-1-25 TO 12-3-25. NOTE: IF AUCTION REPRESENTATIVE CONTACTS YOU REGARDING YOUR BID, BE SURE TO CHECK YOUR EMAIL FOR A DOCUSIGN FORM THEY REQUIRE TO CONFIRM. IT IS TIME SENSITIVE! >PROPERTY IS NOW PENDING--DETAILS IN MLS WHEN CLOSED.< THANKS TO ALL FOR PARTICIPATING. CASH BUYERS ONLY AND NO CONTINGENCIES. INVESTORS OR AGENT REPRESENTING MUST DO THE BIDDING ON-LINE. TEXT LISTING AGENT for help. << AN OFFER FROM ON-LINE AUCTION HAS BEEN ACCEPTED 12-16-25. THANKS TO ALL WHO PARTICIPATED.>>

    Zillow last checked:

    Listing updated:

    Listed by:

    Inga Gonzalez 0361795 214-850-4478,

    Keller Williams Realty-FM 972-874-1905

    Bought with:

    Dave Kopsa, 0620421

    Better Homes & Gardens Winans

    Source: NTREIS,MLS#: 21076879

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Ceiling Fan(s), En Suite Bathroom, Linen Closet, Walk-In Closet(s)
    • Level: First
    • Dimensions: 19 x 14
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 13 x 10
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 13 x 11
    Primary bathroom
    • Features: Built-in Features, Linen Closet, Separate Shower
    • Level: First
    • Dimensions: 7 x 9
    Breakfast room nook
    • Level: First
    • Dimensions: 10 x 8
    Dining room
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 14 x 10
    Other
    • Level: First
    • Dimensions: 6 x 7
    Kitchen
    • Features: Built-in Features, Pantry
    • Level: First
    • Dimensions: 12 x 10
    Laundry
    • Features: Closet
    • Level: First
    • Dimensions: 6 x 3
    Living room
    • Features: Ceiling Fan(s), Fireplace
    • Level: First
    • Dimensions: 19 x 17
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s), Electric
    Appliances
    • Included: Electric Range, Microwave
    • Laundry: Electric Dryer Hookup, Laundry in Utility Room, In Hall
    Features
    • Pantry, Walk-In Closet(s)
    • Has basement: No
    • Number of fireplaces: 1
    • Fireplace features: Masonry
    Interior area
    • Total interior livable area: 1,881 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Alley Access, Garage Faces Rear
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Pool features: None
    • Fencing: Wood
    Lot
    • Size: 6,821 Square Feet
    • Dimensions: 62 x 110
    Details
    • Parcel number: R13447

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional,Detached
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Asphalt
    Condition
    • Year built: 1983

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available

    Community & HOA

    Community
    • Features: Community Mailbox, Curbs
    • Subdivision: Colony No 19
    HOA
    • Has HOA: No
    Location
    • Region: The Colony

    Financial & listing details

    • Tax assessed value: $282,629
    • Annual tax amount: $5,465
    • Date on market: 10/2/2025
    • Cumulative days on market: 78 days
    • Listing terms: Cash

    Price history

    DateEventPrice
    7/25/2026Listing removed$2,400$1/sqft
    Source: Zillow Rentals Report a problem
    7/20/2026Listed for rent$2,400$1/sqft
    Source: Zillow Rentals Report a problem
    1/9/2026Sold--
    Source: NTREIS #21076879 Report a problem
    12/20/2025Pending sale$224,900$120/sqft
    Source: NTREIS #21076879 Report a problem
    11/19/2025Price change$224,900-9.9%$120/sqft
    Source: NTREIS #21076879 Report a problem
    10/2/2025Listed for sale$249,600$133/sqft
    Source: NTREIS #21076879 Report a problem
    6/13/2025Sold--
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,465 -10.6%$282,629 -10.3%
    2024$6,115 -2.7%$315,110 -1.7%
    2023$6,282 -3.6%$320,593 +3.2%
    2022$6,519 -57.9%$310,539 +30%
    2021$15,499 +288.2%$238,818 +22.6%
    2020$3,992 +10.8%$194,871 -15.4%
    2019$3,603 +7.7%$230,396 +43.1%
    2018$3,345 +21.5%$161,051 +10%
    2017$2,754 $146,410 +10%
    2016$2,754 +12.8%$133,100 +10%
    2015$2,442 $121,000 +10%
    2014$2,442 $110,000 -10.5%
    2013$2,442 $122,856 +1.4%
    2012-- $121,176 +10%
    2011-- $110,160 -6.8%
    2010-- $118,147 -5.4%
    2009-- $124,946 +0.6%
    2007$2,967 -3%$124,210 +2.2%
    2006$3,060 +6.8%$121,513 +6.5%
    2005$2,865 $114,065 -3.6%
    2004-- $118,365 -2.4%
    2003-- $121,271 +5.5%
    2002-- $114,999 +10.6%
    2001-- $103,949
    Find assessor info on the county website

    Neighborhood: 75056

    Nearby homes

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Owen
    • Middle: Griffin
    • High: The Colony
    • District: Lewisville ISD

    Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $324,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $324,400

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