Another Amazing GRC fully rehabbed home with everything new, from the roof to the flooring. Open space in back with views views views, nice corner lot, updates galore, a must see.
Single-familyProperty Type
1978Year Built
6,882 sq ftLot Size
$233Est. Price/Sq.Ft.
2 spacesParking
Listed by Mathew Puthoor• Rupani & Mathew LLC
Bought with Ivan Madaris• Josh DeShong Real Estate, LLC
Calling Investors! This is a 1433 sq. ft. 3 bed 2 bath home in a great location. Home is on a corner lot on greenbelt located near major roadways and entertainment. Seller will not do any repairs and Will need to negotiate a Leaseback 30 + or - days. Home will be available for showings on Thursday, Sept 14 from 1:00 - 6:00 & Friday, Sept 15 from 1:00 - 6:00. Schedule through CSS. Multiple Offers - Please submit offers by Saturday, 12:00 noon.
Public Records
Jan 7, 2002
Sold
*
$69/sq ft
Public Records
Jul 8, 1996
Sold
*
Public Records
Apr 22, 1986
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$7,025 (+4.9%)
$67,500 + $295,773
$363,273
2024
$6,695 (+6.4%)
$67,500 + $277,500
$345,000
2023
$6,290 (+7.0%)
$62,253 + $258,747
$321,000
2022
$5,878 (+11.3%)
$67,500 + $212,500
$280,000
2021
$5,282 (+5.9%)
$41,783 + $199,217
$241,000
2020
$4,989 (+0.2%)
$41,783 + $182,217
$224,000
2019
$4,979 (+44.1%)
$41,783 + $182,217
$224,000
2018
$3,456 (−4.0%)
$41,783 + $108,770
$150,553
2017
$3,599 (+10.5%)
$41,783 + $114,011
$155,794
2016
$3,257 (+13.3%)
$41,783 + $114,011
$155,794
2015
$2,875 (+12.4%)
$24,150 + $115,320
$139,470
2014
$2,558 (+4.6%)
$24,150 + $81,500
$105,650
2013
$2,445 (+0.7%)
$24,150 + $81,500
$105,650
2012
$2,428 (−7.3%)
$24,150 + $76,077
$100,227
2011
$2,617 (+4.2%)
$24,150 + $76,311
$100,461
2010
$2,511 (+2.0%)
$24,150 + $85,531
$109,681
2009
$2,463
Tax history for 5540 Rearn Dr
Year
Property tax
Land + Additions
Assessment*
2025
$7,025 (+4.9%)
$67,500 + $295,773
$363,273
2024
$6,695 (+6.4%)
$67,500 + $277,500
$345,000
2023
$6,290 (+7.0%)
$62,253 + $258,747
$321,000
2022
$5,878 (+11.3%)
$67,500 + $212,500
$280,000
2021
$5,282 (+5.9%)
$41,783 + $199,217
$241,000
2020
$4,989 (+0.2%)
$41,783 + $182,217
$224,000
2019
$4,979 (+44.1%)
$41,783 + $182,217
$224,000
2018
$3,456 (−4.0%)
$41,783 + $108,770
$150,553
2017
$3,599 (+10.5%)
$41,783 + $114,011
$155,794
2016
$3,257 (+13.3%)
$41,783 + $114,011
$155,794
2015
$2,875 (+12.4%)
$24,150 + $115,320
$139,470
2014
$2,558 (+4.6%)
$24,150 + $81,500
$105,650
2013
$2,445 (+0.7%)
$24,150 + $81,500
$105,650
2012
$2,428 (−7.3%)
$24,150 + $76,077
$100,227
2011
$2,617 (+4.2%)
$24,150 + $76,311
$100,461
2010
$2,511 (+2.0%)
$24,150 + $85,531
$109,681
2009
$2,463
*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
3
Baths
2
Stories
1
Lot width
6 ft.
Lot depth
—
Lot size
6,900 Sq. Ft.
Year renovated
—
Sq. Ft.
1,433
Year built
1978
Style
Single Family Residential
County
Denton County
APN
R 000000001467
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
Jul 13, 2023 • Final
Plumbing
Remove and replace an electric water heater.
Plumbing
Water heater
Jul 9, 2008 • Final
Mechanical
Remove and replace a heat pump.
Heat pump
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking & Garage
# of Parking Spaces (Garage): 2
# of Parking Spaces (Total Covered): 2
Garage Dimensions: 1 x 1
Attached
Interior
Bathroom Information
# of Baths (Full): 2
Interior Features
Other (See Remarks)
# of Dining Areas: 1
# of Fireplaces: 1
Fireplace Features: Brick
Flooring: Other (See Remarks)
Heating & Cooling
Central A/C (Electric), Central Heat (Electric)
Exterior
Building Information
Pre-Owned
Building Area Source: Tax
Foundation: Slab
Exterior Features
Roof: Composition
Exterior Construction: Frame/Brick Trim
Property Information
# of Living Areas: 1
For Sale
Property Features
# of Stories: 1
Other (See Remarks)
Lot Information
Block: 141
Lot Number: 11
Size: 0-.5 Acre
Lot Size Units: Acres
Area: 0.158
Area Sq. Ft.: 6,882.48
Parcel Number: R01467
Financial
Tax Information
Tax Legal Description: COLONY NO 20 BLK 141 LOT 11
Unexempt Taxes: $3,478
Utilities
Utility Information
City Sewer, City Water
Location
School Information
Elementary School Name: Morningside
Middle School Name: Griffin
High School Name: The Colony
School District: Lewisville ISD
Location Information
Subdivision Name: Colony 20
Country: United States
Directions: north colony to go to Rearn turn right
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,433
Stories: 1.0
Lot Size: 6,900 square feet
Style: Single Family Residential
Year Built: 1978
Year Renovated: —
County: Denton County
APN: R 000000001467
Home facts updated by county records on Oct 22, 2026
Around this home
Schools
Peters Colony Elementary School
Public PreK-5 • Assigned • 1.0mi
4/10
Griffin Middle School
Public 6-8 • Assigned • 0.7mi
5/10
The Colony High School
Public 9-12 • Assigned • 2.2mi
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
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 110° expected this year, 22 days in 30 years
6/10 Wind Factor
27% 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)
54
36
65
43
76
55
78
62
83
66
90
76
95
79
94
77
90
72
85
65
71
53
62
45
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
$318,000 – $384,000
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