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5116 Reed Dr The Colony, TX 75056 Directions

Currently not for sale


Home Value Comparables

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Using a REALTOR is the best way to determine the market price of a home. Start this process by viewing the third-party valuations and then contact a Realtor to determine a reasonable purchase price for a home.

AVM Value
$343K
$203.68/sqft
AVM Value
$355K
$210.75/sqft
AVM Value
$380K
$225.49/sqft
Value Range
$312K - $374K
Value Range
$332K - $378K
Value Range
$379,717
Confidence Score
91%

Margin of Error*: 9%
Confidence Score
94%

Margin of Error*: 7%
Confidence Score
NA


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Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

Limitations: This represents an estimated sales price for this property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice. The values do not include a physical or visual inspection of the subject property. User shall not use the values in lieu of an appraisal by a licensed appraiser or as a basis for making any financial decision.

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Updated as of May 2024.

3 Bed(s)
2 Full Bath(s)
1,684 Bldg Sqft.
6,621 Lot Sqft.

General Description

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5116 Reed Dr (currently not for sale) is located in Colony subdivision in Denton County. Scroll to see the property features, tax value, mortgage calculator, nearby schools and similar homes for sale.

The property information herein and below is from the county appraisal district and should be independently verified.

Contact a REALTOR® for an estimate of this property

Status:
Not Currently For Sale
Market Value:
$ 379,717/Appraisal District ($225/sqft.)
Address:
5116 Reed Dr
City:
State:
TX
Zip Code:
Subdivision:
Legal Description:
COLONY NO 18 BLK 123 LOT 21
Bedrooms:
3 Bedroom(s)
Baths:
2 Full Bath(s)
Stories:
1 /Appraisal District
Building Sqft.:
1,684 /Appraisal District
Year Built:
1978 /Appraisal District
Lot Size:
6,621 Sqft.  /Appraisal District
Garage(s):
2


Interior Features

Floors:
Carpet,Ceramic Tile,Laminate
Number Of Living Area:
2
Interior:
Cable TV Available,Decorative Lighting,High Speed Internet Available,Vaulted Ceilings,Window Coverings
Fireplace:
1/Brick,Gas Logs,Gas Starter
Energy Feature:
Ceiling Fans,Gas Water Heater,Low E Windows,Programmable Thermostat,Storm Door(s)
Heating:
Central Air-Elec,Central Heat-Gas
Other Equipment:
Built-in Microwave,Dishwasher,Disposal,Oven-Gas,Plumbed For Gas in Kitchen,Range/Oven-Gas,Refrigerator,Water Line to Refrigerator


Exterior Features

Lot Description:
Landscaped,Lrg. Backyard Grass,Some Trees,Subdivision
Exterior Type:
Brick,Siding
Foundation:
Slab
Fencing:
Wood
Parking Space:
Garage 2 / Carport 0 / Covered Total 2
Parking:
Garage-Attached,Covered,Garage Door Opener,Garage,Rear
Utility:
City Sewer,City Water,Community Mailbox,Concrete,Curbs,Individual Gas Meter,Sidewalk
Garage Size:
20 X 20
Private Pool:
No
Roof:
Composition
Exterior:
Covered Porch(es),Gutters,Patio Open,Sprinkler System,Storage Building


Lot Information

  Lot Size: 6,621 Lot Sqft. / Appraisal District
Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy


Additional Information

Dwelling Type:
Single Detached
*Disclaimer: Listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.


Property Tax

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Cost/sqft based on Market Value
Tax Year Cost/sqft Market Value Change Tax Assessment Change
2023 $225.49 $379,717 11.12% $379,717 38.65%
2022 $202.93 $341,733 37.25% $273,877 10.00%
2021 $147.85 $248,979 -4.85% $248,979 -4.85%
2020 $155.38 $261,667 -1.81% $261,667 1.69%
2019 $158.24 $266,478 13.92% $257,307 10.00%
2018 $138.90 $233,915 40.28% $233,915 50.21%
2017 $99.02 $166,748 7.16% $155,726 10.00%
2016 $92.40 $155,607 20.91% $141,569 10.00%
2015 $76.42 $128,699 8.41% $128,699 8.41%
2014 $70.50 $118,714 5.06% $118,714 5.06%
2013 $67.10 $112,994 $112,994
2023 Denton County Appraisal District Tax Value
Market Land Value: $79,200
Market Improvement Value: $300,517
Total Market Value: $379,717

Tax History
2023 Assessed Value/Appraisal District: $379,717
2022 Assessed Value/Appraisal District: $273,877
2021 Assessed Value/Appraisal District: $248,979
2020 Assessed Value/Appraisal District: $261,667
2019 Assessed Value/Appraisal District: $257,307
2018 Assessed Value/Appraisal District: $233,915
2017 Assessed Value/Appraisal District: $155,726
2016 Assessed Value/Appraisal District: $141,569
2015 Assessed Value/Appraisal District: $128,699
2014 Assessed Value/Appraisal District: $118,714
2013 Assessed Value/Appraisal District: $112,994
Denton County Appraisal District
2023 Tax Rates
CITY OF THE COLONY: 0.6400 %
DENTON COUNTY: 0.1895 %
LEWISVILLE ISD: 1.1301 %
Total Tax Rate: 1.9596 %

Estimated Mortgage/Tax

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$2,070 Monthly
Estimated Monthly Principal & Interest (Based on the calculation below) $ 1,450
Estimated Monthly Property Tax (Based on Tax Assessment 2023) $ 620
Home Owners Insurance Get a Quote
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Years
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Use this mortgage calculator to create and estimate your monthly mortgage payment(principal and interest) and estimates for property taxes(based on past rates).

Schools

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School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.

ASSIGNED SCHOOLS
B B Owen Elementary School Elementary . EE - 05 . LEWISVILLE ISD
Good
Griffin Middle School Middle . 06 - 08 . LEWISVILLE ISD
Average
The Colony High School High . 09 - 12 . LEWISVILLE ISD
Good

View Nearby Schools

5116 Reed Dr is a 3 Beds, 2 Full Bath(s), property in The Colony TX 75056. View photos, map, tax, nearby homes for sale, home values, school info...

View all homes on Reed Dr

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