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$1,645,000

303 Covington Way, Colleyville, TX, 76034

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths4,892 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$336.26 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Gas Range, Built In Refrigerator, Dishwasher, Gas Cooktop, Disposal, Refrigerator
FlooringCarpet, Hardwood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony, Lighting
Lot Size19,998 sqft

Building Information

Year Built1991
Stories2
Garage Spaces3

Land Information

APN26493C-8-2
Lot Number2
SubdivisionMonticello Addition-Colleyvlle
Land UseResidential
Legal DescriptionMONTICELLO ADDITION-COLLEYVLLE BLOCK 8 LOT 2
Census Tract113640
Assessed Land Value$229,550
Assessed Improvement Value$660,450
Assessment Year2025

About this property

Exceptional luxury property in prestigious Monticello Estates, where timeless custom craftsmanship meets beautifully updated modern luxury. This impressive 4-bedroom residence captures the charm of an established custom home with distinctive architectural details, soaring ceilings, gorgeous crown moulding, beautiful wood flooring, generous rooms, and quality construction rarely duplicated today. Thoughtfully renovated while preserving its character, this is truly a home like no other. Designed for entertaining and everyday living, the open-concept floor plan offers spacious living areas filled with natural light and expansive backyard views. The gourmet kitchen features quartz countertops, an oversized island, a wine refrigerator, abundant cabinetry, and two pantries. The kitchen opens seamlessly to the spacious family room with a majestic fireplace. The private first-floor primary suite is a true retreat featuring gorgeous pool views, a sitting area, a dramatic two-way fireplace and a spa-inspired bath with coffee bar, spacious shower, and incredible sauna. A private staircase leads to an incredible home office or flex room above. Upstairs offers three spacious bedrooms, two with a Jack-and-Jill bath and one with an ensuite. A spacious game room with fireplace and an awesome balcony overlooking the pool, provides another inviting space for entertaining. The private backyard oasis features a sparkling pool with waterfall feature and spa, mature landscaping, a large gazebo and beautiful wooded views. With no homes directly behind, enjoy exceptional privacy and a tranquil setting for outdoor entertaining. Complete with a 3-car garage and rear parking pad, this custom-built estate is positioned on a secluded street where kids can enjoy a bike ride or walk to neighborhood ponds, trails, tennis and pickle ball courts. A rare opportunity to enjoy luxury, privacy, and timeless style in the heart of Colleyville.

Investor Tools

$544,698Estimated Mortgage Balance
$790,302Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,870 /month
Positive
Cash Flow Estimate:
$3,290 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,574/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,215
$890,000
2025
$229,550
$660,450
$890,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,215
$890,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Angel Oak Mortgage Solutions Llc
Conventional
$615,618
No
First
Nov 10, 2020
Dec 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$544,698
$790,302
59%
41%
$3,691/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,570/mo
$4,291/mo
$-721/mo
3.2%

City: Colleyville

303 Covington Way | Property Details | No Agent List