This home's estimate is 0.7% lower than the average sale price ($372K) of 6 comparable homes.
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5140 Reed Dr, The Colony, TX 75056
About this home
Beautifully remodeled home in the quickly growing & very desirable city of The Colony. This fully remodeled, move-in ready home features an open-concept living area & kitchen w new cabinets, a large island, granite c-tops, mosaic backsplash, new SS appliances, & stunning natural light from the new patio french doors and large window over the sink. All new flooring, windows, plumbing, light fixtures, door, cabinet hardware, & fresh paint inside and out. The bathrooms have updated tile, modern furniture style vanity & an extended walk-in shower in master. Spacious master bedroom w walk-in closet. New roof 2017, foundation repaired w transferrable warranty 2017, new fence 2018, new garage door and opener 2017.
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Market trends in 75056, TX
Last updated October 2026
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Sale history for 5140 Reed Dr
$141/sq ft
$63/sq ft
$62/sq ft
$32/sq ft
Tax history for 5140 Reed Dr
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
- Public record
- Zoning
SF-4
Single-Family-4 Dwelling District
Single-family residential development constitutes the backbone of The Colony. Such development is to be protected from inharmonious and inconsistent uses to preserve the integrity of the neighborhood and protect property values of home owners. The regulations relating to SF-1, SF-2, SF-3 and SF-4 district's allow for greater diversity of development of single-family residential dwellings within the city.Include but are not limited to:
- Convention center
- Religious facility
- Housing-Single unit
- Educational/school
Property details
Parking
- Parking & Garage
- # of Parking Spaces (Garage): 2
- # of Parking Spaces (Total Covered): 2
- Garage Dimensions: 20 x 20
- Garage, Garage Door Opener, Rear
Interior
- Virtual Tours
- Virtual Tour (External Link)
- Bathroom Information
- # of Baths (Full): 2
- Room Information
- # of Rooms: 6
- Room 1 Information
- Room Type: Living Room
- Level: 1
- Dimensions: 19 x 13
- Room 2 Information
- Room Type: Dining Room
- Level: 1
- Room Dimensions: 10 x 12
- Room 3 Information
- Room Type: Kitchen
- Level: 1
- Room Dimensions: 22 x 16
- Room 4 Information
- Room Type: Master Bedroom
- Level: 1
- Room Dimensions: 19 x 14
- Room 5 Information
- Room Type: Bedroom
- Level: 1
- Room Dimensions: 10 x 11
- Room 6 Information
- Room Type: Bedroom
- Level: 1
- Room Dimensions: 10 x 11
- Interior Features
- Cable TV Available, Decorative Lighting, High Speed Internet Available
- # of Dining Areas: 1
- # of Fireplaces: 1
- Fireplace Features: Brick, Wood Burning
- Flooring: Carpet, Ceramic Tile, Laminate
- Heating & Cooling
- Central A/C (Electric), Central Heat (Gas)
Exterior
- Building Information
- Pre-Owned
- Building Area Source: Tax
- Foundation: Slab
- Exterior Features
- Roof: Composition
- Exterior Construction: Brick
- Property Information
- # of Living Areas: 2
- Exclusions: NA
- For Sale
- Property Features
- # of Stories: 1
- Built-In Microwave, Dishwasher, Range/Oven (Electric), Water Line to Refrigerator
- Has Security System
- Security Features: Fire/Smoke
- Lot Information
- Block: 123
- Lot Number: 27
- Size: 0-.5 Acre
- Lot Size Units: Acres
- Area: 0.152
- Area Sq. Ft.: 6,621.12
- Parcel Number: R90252
Financial
- Tax Information
- Tax Legal Description: COLONY NO 18 BLK 123 LOT 27
- Unexempt Taxes: $3,721
- Financial Information
- Financing Proposed: Cash, Conventional, FHA, VA
Utilities
- Utility Information
- City Sewer, City Water
Location
- School Information
- Elementary School Name: Owen
- Middle School Name: Griffin
- High School Name: The Colony
- School District: Lewisville ISD
- Location Information
- Subdivision Name: Colony 18
- Directions: From 121, North on Paige, West on N. Colony Blvd., Right on Ragan Rd, Right on Reed. House is on right.
Public facts
- Beds: 3
- Baths: 2.0
- Sq. Ft.: 1,946
- Stories: 1.0
- Lot Size: 6,600 square feet
- Style: Single Family Residential
- Year Built: 1978
- Year Renovated: —
- County: Denton County
- APN: R 000000090252
Around this home
Schools
- K - 12
- Preschool & daycare
Public PreK-5 • Assigned • 0.6mi
Public 6-8 • Assigned • 0.4mi
Public 9-12 • Assigned • 1.9mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
0.15% chance of being in a wildfire in next 30 years
7 days above 110° expected this year, 22 days in 30 years
26% chance of strong winds in next 30 years
4 unhealthy days expected this year, 5 days in 30 years
Sun exposure
In this area, properties receive around 9.9 hours in June and 5.5 hours in December, placing it above the U.S. average for solar exposure.
Nearby similar homes
New listings for sale in 75056
Home values near 5140 Reed Dr
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1946 Sq. Ft. | $350,590 |
3 Beds | 2 Baths | 2135 Sq. Ft. | $347,622 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $330,999 |
4 Beds | 2 Baths | 2135 Sq. Ft. | $361,537 |
3 Beds | 2 Baths | 1684 Sq. Ft. | $316,260 |
3 Beds | 2 Baths | 1946 Sq. Ft. | $298,925 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $322,527 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1881 Sq. Ft. | $346,886 |
3 Beds | 2 Baths | 2135 Sq. Ft. | $361,117 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $327,861 |
3 Beds | 2 Baths | 1946 Sq. Ft. | $402,708 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $355,271 |
3 Beds | 2 Baths | 2135 Sq. Ft. | $272,830 |
3 Beds | 2 Baths | 2135 Sq. Ft. | $338,661 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1972 Sq. Ft. | $339,016 |
3 Beds | 2 Baths | 1946 Sq. Ft. | $315,649 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $320,267 |
3 Beds | 2 Baths | 1976 Sq. Ft. | $356,192 |
3 Beds | 2 Baths | 1881 Sq. Ft. | $336,758 |
3 Beds | 2 Baths | 1684 Sq. Ft. | $318,626 |
3 Beds | 2 Baths | 1946 Sq. Ft. | $345,238 |
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