SOLD JAN 9, 2026

Last listed at $224,900, closed on jan 2026

$327,082

Est. refi paymentEst. refi $733/mo

•

1,881

sq ft

5241 Reed Dr, The Colony, TX 75056

About this home

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.>>

Single-familyProperty Type

1983Year Built

6,820 sq ftLot Size

$174Est. Price/Sq.Ft.

2 car garageParking

Listed by Inga Gonzalez • Keller Williams Realty-FM

Contact: 214-850-4478

Bought with Dave Kopsa • Better Homes & Gardens Winans

Redfin checked: 2 minutes ago

•Source:NTREIS #21076879

Redfin Estimate

$327,082

$102K over list price of $225K

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 6.5% lower than the average sale price ($350K) of 6 comparable homes.

SOLD AUG 20, 2026
$299,999
A
3 beds2 baths1,881 sq ft
5244 Pruitt Dr, The Colony, TX 75056
SOLD AUG 31, 2026
$349,900
B
3 beds2 baths1,864 sq ft
7213 Bradford Pl, The Colony, TX 75056
SOLD OCT 9, 2026
$389,999
C
3 beds2 baths1,946 sq ft
5256 Ragan Dr, The Colony, TX 75056
SOLD JUL 16, 2026
$379,000
D
3 beds2 baths1,912 sq ft
5121 Pruitt Dr, The Colony, TX 75056
SOLD AUG 20, 2026
$319,000
E
3 beds2 baths1,946 sq ft
5604 Tyler St, The Colony, TX 75056
SOLD AUG 12, 2026
$360,000
F
3 beds2 baths1,711 sq ft
5408 Sagers Blvd, The Colony, TX 75056

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Earn from this home

Sell

$306,223

Est. take-home

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Refinance

Est. cash available

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Rent

$2,686/mo

Redfin rental estimate

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Market trends in 75056, TX

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

97.4%

0.4% MoM

Median sale price

$528K

$20K MoM

Avg. days on market

51d

9 days MoM

Recently sold homes

194

26 MoM

New listings for sale

OPEN SUN, 1PM TO 3PM
$439,000
3 beds2 baths1,998 sq ft
4112 Creek Hollow Way, The Colony, TX 75056
OPEN SUN, 1PM TO 3PM
$1,210,000
4 beds3 baths2,890 sq ft
8304 Western, The Colony, TX 75056
NEW 34 HRS AGO
$749,000
4 beds3.5 baths2,978 sq ft
8471 Colburn, The Colony, TX 75056
NEW 35 HRS AGO
$520,000
5 beds2.5 baths2,467 sq ft
5501 Buckskin Dr, The Colony, TX 75056
$319,000
3 beds2 baths1,496 sq ft
5149 Bartlett Dr, The Colony, TX 75056
OPEN SUN, 1PM TO 3PM
$464,900
4 beds2.5 baths2,114 sq ft
5820 Chatham Ln, The Colony, TX 75056
$430,000
3 beds2 baths1,866 sq ft
4513 Saddleridge, The Colony, TX 75056
3D WALKTHROUGH
$404,900
3 beds2 baths2,434 sq ft
5004 Crutchberry Pl, The Colony, TX 75056
$520,000
4 beds3 baths2,822 sq ft
3804 Creek Hollow Way, The Colony, TX 75056
OPEN SUN, 1PM TO 3PM
$350,000
3 beds2 baths1,505 sq ft
4232 Caldwell Ave, The Colony, TX 75056
See all

Provided by Redfin

Sale history for 5241 Reed Dr

Year

Property tax

Land + Additions

Assessment*

2025

$5,465 (−10.6%)

$68,200 + $214,429

$282,629

2024

$6,115 (−2.7%)

$68,200 + $246,910

$315,110

2023

$6,282 (−3.6%)

$68,200 + $252,393

$320,593

2022

$6,519 (+24.6%)

$68,200 + $242,339

$310,539

2021

$5,234 (+20.6%)

$51,491 + $187,327

$238,818

2020

$4,340 (+10.2%)

2019

$3,938 (+6.5%)

2018

$3,697 (+9.3%)

2017

$3,383 (+8.8%)

2016

$3,109 (+6.7%)

2015

$2,914 (+9.4%)

2014

$2,663 (−11.1%)

$28,985 + $81,015

$110,000

2013

$2,997

$28,985 + $81,015

$110,000

2012

$2,998 (+14.0%)

$28,985 + $93,871

$122,856

2011

$2,629 (−6.8%)

$28,985 + $95,073

$124,058

2010

$2,819 (−3.8%)

$28,985 + $81,175

$110,160

2009

$2,932

Tax history for 5241 Reed Dr

Year

Property tax

Land + Additions

Assessment*

2025

$5,465 (−10.6%)

$68,200 + $214,429

$282,629

2024

$6,115 (−2.7%)

$68,200 + $246,910

$315,110

2023

$6,282 (−3.6%)

$68,200 + $252,393

$320,593

2022

$6,519 (+24.6%)

$68,200 + $242,339

$310,539

2021

$5,234 (+20.6%)

$51,491 + $187,327

$238,818

2020

$4,340 (+10.2%)

2019

$3,938 (+6.5%)

2018

$3,697 (+9.3%)

2017

$3,383 (+8.8%)

2016

$3,109 (+6.7%)

2015

$2,914 (+9.4%)

2014

$2,663 (−11.1%)

$28,985 + $81,015

$110,000

2013

$2,997

$28,985 + $81,015

$110,000

2012

$2,998 (+14.0%)

$28,985 + $93,871

$122,856

2011

$2,629 (−6.8%)

$28,985 + $95,073

$124,058

2010

$2,819 (−3.8%)

$28,985 + $81,175

$110,160

2009

$2,932

*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
Permits

Beds

Baths

Stories

Lot width

62 ft.

Lot depth

110 ft.

Lot size

6,820 Sq. Ft.

Year renovated

—

Sq. Ft.

1,881

Year built

1983

Style

Single Family Residential

County

Denton County

APN

R 000000013447

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 22, 2026.

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.

Permitted uses

Include but are not limited to:

Convention center
Religious facility
Housing-Single unit
Educational/school

Property details

Parking

Parking Information
Carport Spaces: 0
Covered Spaces: 2
Parking Features: Alley Access, Garage Faces Rear

Parking & Garage
Has Garage
Has Attached Garage
Garage Spaces: 2
Garage Width: 21
Garage Length: 20

Interior

Virtual Tour

Bathroom Information
Bathrooms Full: 2
Bathrooms Total Decimal: 2
Bathrooms Total Integer: 2

Bedroom Information
Bedrooms Total: 3

Fireplace Information
Fireplaces Total: 1
Fireplace Features: Brick

Heating & Cooling
Cooling: Ceiling Fan(s), Central Air, Electric
Heating: Electric

Interior Features
Room Count: 10
Appliances: Electric Range, Microwave
Number Of Living Areas: 1
Number Of Dining Areas: 2
Living Area: 1881.00
Levels: One
Flooring: None
Interior Features: Pantry, Walk-In Closet(s)

Laundry Features
Laundry Features: Electric Dryer Hookup, In Hall, Utility Room, Full Size W/D Area

Room 1 Information
Room Type: Living Room
Room Level: 1
Room Features: Fireplace
Room Dimensions: 19 x 17
Room Length: 19.00
Room Width: 17.00

Room 2 Information
Room Type: Dining Room
Room Level: 1
Room Dimensions: 14 x 10
Room Length: 14.00
Room Width: 10.00

Room 3 Information
Room Type: Kitchen
Room Level: 1
Built-in Cabinets, Pantry
Room Dimensions: 12 x 10
Room Length: 12.00
Room Width: 10.00

Room 4 Information
Room Type: Breakfast Room
Room Level: 1
Room Dimensions: 10 x 8
Room Length: 10.00
Room Width: 8.00

Room 5 Information
Room Type: Laundry
Room Level: 1
Room Features: Drip/Dry Area, Utility Closet
Room Dimensions: 6 x 3
Room Length: 6.00
Room Width: 3.00

Room 6 Information
Room Type: Bedroom
Room Level: 1
Room Dimensions: 13 x 10
Room Length: 13.00
Room Width: 10.00

Room 7 Information
Room Type: Bedroom
Room Level: 1
Room Dimensions: 13 x 11
Room Length: 13.00
Room Width: 11.00

Room 8 Information
Room Type: Bathroom
Room Level: 1
Room Dimensions: 6 x 7
Room Length: 6.00
Room Width: 7.00

Room 9 Information
Room Type: Primary Bedrm
Room Level: 1
Room Features: Ensuite Bath, Linen Closet, Walk-in Closet(s)
Room Dimensions: 19 x 14
Room Length: 19.00
Room Width: 14.00

Room 10 Information
Room Type: Primary Bathrm
Room Level: 1
Room Features: Built-in Cabinets, Linen Closet, Separate Shower
Room Dimensions: 7 x 9
Room Length: 7.00
Room Width: 9.00

Exterior

Building Information
Roof: Asphalt
Construction Materials: Brick, Siding
Foundation Details: Slab

Exterior Features
Fencing: Wood

Waterfront Information
Dock Permitted YN: No

Farm Information
Horse Permitted YN: No

Land Information
Soil Type: Unknown

Lot Information
Easements: Electric, Utilities, Water Lines
Lake Pump YN: No
Lot Size: Less Than .5 Acre (not Zero)
Lot Size Acres: 0.1566
Lot Size Area: 6820.0000
Lot Size Dimensions: 62X110
Lot Size Source: Public Records
Lot Size Square Feet: 6820.0000
Lot Size Units: Square Feet
Parcel Number: R13447
RATIO List Price By Lot Size Acr: 1436143.03959
Will Subdivide: No

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Accessibility Features YN: No
Security Features: Unknown
Property Attached YN: No
Accessory Unit YN: No
Multi Parcel IDYN: No
Property Key: 48121|R13447|1|9378170
Property Match: APN
US Property MUI: 410178689

Building Information
Year Built: 1983
Smart Home Features Appor Pass Y: No

Financial

Tax Information
Special Taxing Entities: No
Tax Block: 127
Tax Lot: 11

Financial Information
Buyer Financing: Cash
Loan Type: Treat As Clear
Second Mortgage YN: No

Utilities

Utility Information
Municipal Utility District YN: No
Utilities: City Sewer, City Water, Community Mailbox, Curbs

Location

HOA Information
Association Type: None

School Information
Elementary School: Owen
Elementary School Name: Owen
High School Name: The Colony
Middle School Name: Griffin
School District: Lewisville ISD

Location Information
County Or Parish: Denton
Country: United States
Directions: FROM 121 GO NORTH ON 423 (MAIN) TURNING RIGHT (EAST) ON NORTH COLONY; THEN LEFT (NORTH) ON ALLEN; AND RIGHT (EAST) ON REED TP TO 5241 REED DR ON YOUR RIGHT. AN OFFER IS ACCEPTED 12-16-25 AND PROCESSING FOR FINAL SIGNATURES. THANKS TO ALL WHO PARTICIPATED.
Latitude: 33.10177900
Longitude: -96.87709400
Subdivision Name: COLONY NO 19

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,881
Stories: 1.0
Lot Size: 6,820 square feet
Style: Single Family Residential
Year Built: 1983
Year Renovated: —
County: Denton County
APN: R 000000013447

Home facts updated by county records on Oct 22, 2026

Other

Documents & Disclosures
Doc Box Num Mls Documents: 2
Doc Box Num Private Documents: 0
Doc Box Num Public Documents: 0

Listing Information
Attribution Contact: 214-850-4478
Consent for Visitors to Record: None
DOCBOX GUID: 0E258C59-8E1A-4700-9C9F-3E7B776EBAC3
Doc Box Modification Timestamp: 2025-11-29T20:35:11.303
List Source Original: Matrix
Listing Agreement: Exclusive Right To Sell
Listing Id: 21076879
Listing Key Numeric: 541358610
Listing Terms: Cash
Mls Status: Closed
Previous Status: Pending
Notice Surveillance Devices Pres: None
Originating System Name: North Texas Real Estate Information Systems
Photos Count: 25
Possession: Closing/Funding
Seller Contributions: 0
Special Listing Conditions: Real Estate Owned
Special Notes: Special Contracts/Provisions
Standard Status: Closed
Third Party Assistance Program Y: No
Transaction Type: For Sale

Listing Date Information
Days On Market: 78
Cumulative Days On Market: 78
Close Date: 2026-01-09
Purchase Contract Date: 2025-12-19
Listing Contract Date: 2025-10-02
Off Market Date: 2025-12-19
Price Change Timestamp: 2025-11-18T18:24:50.190
Status Change Timestamp: 2026-01-16T23:08:21.347

Listing Price Information
Original List Price: 249600.00
Previous List Price: 249600.00
List Price: 224900.00
RATIO Close Price By Lot Size Ac: 1391283.52490
RATIO Current Price By Lot Size: 1391283.52490

Around this home

Schools

Peters Colony Elementary School

Public PreK-5 • Assigned • 0.7mi

4/10

Griffin Middle School

Public 6-8 • Assigned • 0.4mi

5/10

The Colony High School

Public 9-12 • Assigned • 2.0mi

5/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

7/10 Heat Factor

7 days above 110° expected this year, 23 days in 30 years

5/10 Wind Factor

26% chance of strong winds in next 30 years

4/10 Air Factor

4 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

The Colony, TX • 75056

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

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.

9.9 hrs

5.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$311,000 – $377,000

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New listings for sale in 75056

OPEN SUN, 1PM TO 3PM

$439,000

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4112 Creek Hollow Way, The Colony, TX 75056

OPEN SUN, 1PM TO 3PM

$1,210,000

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8304 Western, The Colony, TX 75056

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NEW 35 HRS AGO

$520,000

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5501 Buckskin Dr, The Colony, TX 75056

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5149 Bartlett Dr, The Colony, TX 75056

OPEN SUN, 1PM TO 3PM

$464,900

4 beds2.5 baths2,114 sq ft

5820 Chatham Ln, The Colony, TX 75056

$430,000

3 beds2 baths1,866 sq ft

4513 Saddleridge, The Colony, TX 75056

3D WALKTHROUGH

$404,900

3 beds2 baths2,434 sq ft

5004 Crutchberry Pl, The Colony, TX 75056

$520,000

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Home values near 5241 Reed Dr

Data from public records.

Address	Redfin Estimate
5233 Reed Drive, The Colony, TX 3 Beds \| 2 Baths \| 1808 Sq. Ft.	$358,866
5229 Reed Drive, The Colony, TX 3 Beds \| 2 Baths \| 2017 Sq. Ft.	$352,315

Address	Redfin Estimate
5237 Reed Drive, The Colony, TX 3 Beds \| 2 Baths \| 1946 Sq. Ft.	$393,234
5249 Reed Drive, The Colony, TX 4 Beds \| 2 Baths \| 2017 Sq. Ft.	$356,783

Address	Redfin Estimate
5225 Reed Drive, The Colony, TX 3 Beds \| 2 Baths \| 1653 Sq. Ft.	$304,184
5245 Reed Drive, The Colony, TX 4 Beds \| 2 Baths \| 2017 Sq. Ft.	$357,895

Property information provided by NTREIS when last listed in 2026. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Earn from this home

Market trends in 75056, TX

Sale history for 5241 Reed Dr

Tax history for 5241 Reed Dr

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 75056

Home values near 5241 Reed Dr

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