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    5512 Gates Dr, The Colony, TX 75056

    3beds
    1,273sqft
    Single Family Residence
    Built in 1975
    6,403 Square Feet Lot
    $327,600 Zestimate®
    $--/sqft
    $2,075 Estimated rent

    Home value

    $327,600

    $308,000 - $347,000

    $2,075/mo

    Zestimate® history
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    What's special

    Bright modern living spaceOpen-concept floor planOpen kitchen-to-living connectionSemi-corner alley accessStylish single story homeSmart layoutGenerously sized lot
    Open House This Weekend! 2pm-4pm! Welcome to 5512 Gates Drive, arguably the cutest affordable home in the neighborhood with a NEW PRICE and a full refresh! This stylish single story home is truly move-in ready, boasting 2025 new carpet in all bedrooms, 2025 fresh interior paint, an open-concept floor plan, and a 1-car garage; a rare find at this price point in The Colony. Step inside and experience a bright, modern living space that makes the most of every square foot. The open kitchen-to-living connection is ideal for hosting friends, cooking while staying part of the conversation, or simply enjoying a cozy night in. With 3 spacious bedrooms, 2 full baths, and a smart layout, the home works beautifully for first-time buyers, downsizers, or investors looking for long-term value. Sitting on a generously sized lot with semi-corner alley access, the backyard is a blank canvas ready for gardens, gatherings, or play. Major upgrades are already done for you: a 2022 foundation repair with a transferable warranty, 2025 insulation improvements, and a 2020 electrical panel upgrade—giving new homeowners peace of mind for years to come. Location is the cherry on top: just a short walk to a neighborhood park, minutes from lakeside fun, restaurants, shops, and all The Colony has to offer. Zoned to Lewisville ISD (The Colony schools). Modern updates, thoughtful features, and undeniable charm. This isn’t just a house—it’s the home people will be talking about. Come see it today and fall in love. Enjoy peace of mind with completed foundation work that includes a transferrable warranty. This home has been lovingly maintained and is ready for its next chapter. This is more than a house, it's home. Come see why it’s the one everyone will be talking about!

    Zillow last checked:

    Listing updated:

    Listed by:

    Oracle Batie-Smith 0620803,

    Compass RE Texas, LLC. 214-814-8100

    Bought with:

    Yaneli Molina

    GO Real Estate

    Source: NTREIS,MLS#: 21090404

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 14 x 15
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 10 x 11
    Bedroom
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 10 x 12
    Living room
    • Features: Ceiling Fan(s)
    • Level: First
    • Dimensions: 20 x 17
    Heating
    • Central
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Electric Range, Disposal
    Features
    • Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Pantry, Paneling/Wainscoting, Cable TV
    • Flooring: Carpet, Laminate
    • Windows: Window Coverings
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total interior livable area: 1,273 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Driveway
    • Attached garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Rain Gutters
    • Pool features: None
    • Fencing: Chain Link
    Lot
    • Size: 6,403 Square Feet
    • Features: Back Yard, Interior Lot, Lawn, Level, Few Trees
    Details
    • Parcel number: R07682

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional,Detached
    • Property subtype: Single Family Residence
    Materials
    • Brick
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1975

    Utilities & green energy

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

    Community & HOA

    Community
    • Features: Park
    • Subdivision: Colony 11
    HOA
    • Has HOA: No
    Location
    • Region: The Colony

    Financial & listing details

    • Tax assessed value: $222,982
    • Annual tax amount: $4,327
    • Date on market: 10/18/2025
    • Cumulative days on market: 69 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    1/29/2026Sold--
    Source: NTREIS #21090404 Report a problem
    1/2/2026Pending sale$329,900$259/sqft
    Source: NTREIS #21090404 Report a problem
    12/12/2025Price change$329,900-2.9%$259/sqft
    Source: NTREIS #21090404 Report a problem
    11/7/2025Price change$339,900-1.5%$267/sqft
    Source: NTREIS #21090404 Report a problem
    10/18/2025Listed for sale$345,000+50.1%$271/sqft
    Source: NTREIS #21090404 Report a problem
    6/1/2020Sold--
    Source: Agent Provided Report a problem
    5/7/2020Pending sale$229,900$181/sqft
    Source: Keller Williams Realty DPR #14319608 Report a problem
    4/3/2020Listed for sale$229,900$181/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,312 -7%$222,982 -6.7%
    2024$4,638 -5.5%$238,989 -4.6%
    2023$4,907 +4.9%$250,433 +12.4%
    2022$4,677 +17.2%$222,801 +22.3%
    2021$3,992 +13.2%$182,113 +15%
    2020$3,526 +1.4%$158,293 +1.2%
    2019$3,478 +4.7%$156,469 +8.1%
    2018$3,323 +13.9%$144,752 +8.7%
    2017$2,916 $133,128 +6.6%
    2016$2,916 +20.6%$124,846 +15.5%
    2015$2,419 $108,082 +8.2%
    2014$2,419 $99,876 +6.5%
    2013$2,419 $93,820 +1.8%
    2012-- $92,120 -0.2%
    2011-- $92,334 +7%
    2010-- $86,272 -3.6%
    2009-- $89,516 -4.9%
    2007$2,436 -5.7%$94,159 -0.3%
    2006$2,584 -14.9%$94,440 -0.2%
    2005$3,036 $94,583 -2.6%
    2004-- $97,059 -0.9%
    2003-- $97,940 +9.4%
    2002-- $89,501 +7.9%
    2001-- $82,957
    Find assessor info on the county website

    Neighborhood: 75056

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Morningside
    • Middle: Clayton Downing
    • 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
    $327,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $327,600