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$525,000

5429 Norris Dr, The Colony, TX, 75056

On MarketInfo
Just AddedInfo
Beds5 Beds
Baths3 Bath
Baths3,204 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$163.86 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Disposal, Microwave, Water Softener, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesOther
Lot Size6,991 sqft

Building Information

Year Built2002
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR231935
Lot Number6
SubdivisionLegend Crest Ph Vii
Land UseResidential
Legal DescriptionLEGEND CREST PH VII BLK J LOT 6
Census Tract021531
Assessed Land Value$111,840
Assessed Improvement Value$426,399
Assessment Year2025

About this property

EXCEPTIONAL VALUE & UNBEATABLE LOCATION! Welcome home to this gorgeous, light-filled 5-bedroom, 3-bath retreat featuring a 3-car garage and over 3,200 sq. ft. of thoughtfully designed living space. Step inside to an inviting open-concept layout bathed in natural light and updated with stylish new flooring throughout both levels. The spacious living area centers around a cozy focal-point fireplace with seamless views of your private backyard oasis, complete with a shaded pergola perfect for outdoor entertaining. Designed for gatherings, the gourmet kitchen boasts abundant counter space and opens effortlessly to the primary living areas. The flexible main level offers a private guest bedroom, full bath, and a brand-new water softener system. Upstairs, you will find a generous game room, three additional bedrooms, two full baths, and a luxurious primary retreat showcasing a cozy standing fireplace and an ensuite bath with dual sinks, a deep soaking tub, and a spacious walk-in shower. Conveniently located near Grandscape, Legacy West, Lake Lewisville, major corporate hubs, and top transit routes (Hwy 121 & DNT)—a hard-to-find floor plan offering rare versatility and incredible value!

Investor Tools

$276,102Estimated Mortgage Balance
$262,137Estimated Equity
48% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,229 /month
Positive
Cash Flow Estimate:
$1,076 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$946/month
$532/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,664
$538,239
2025
$111,840
$426,399
$538,239
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,664
$538,239

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$314,000
No
First
Aug 17, 2020
Sep 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$276,102
$262,137
48%
51%
$1,883/mo

City: The Colony