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5241 Reed Drive The Colony, TX $ 224,900
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$ 224,900 Get more info
5241 Reed Drive
$ 224,900
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Share Save

5241 Reed Drive

The Colony, TX, 75056
$ 224,900
Bedrooms3 Baths2.0 Sq 1,881

Monthly Estimate*

$ 1,403

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Single Family Home for sale in The Colony, TX

for $224,900 with 3 bedrooms and 2 full baths. This 1,881 square foot home was built in 1983 on a lot size of 0.1566.

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.>>

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Single Family Pending

Price

$ 224,900

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Traditional

Lot Size

0.1566

Year Built

1983

Town/City

The Colony

County/Region

Denton

MLS | Web ID

21076879
Features
Interior
Interior Features Pantry Walk-In Closet(s)
Flooring None
Basement Y/N 0
Dining Areas 2
Living Areas 1
Half Baths 0
Total Bedrooms 3
Total Baths 2
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General
Heating Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Community Mailbox Curbs
Possession Closing/Funding
Roof Asphalt
Appliances Electric Range Microwave
Number of Garage Spaces 2
School District Lewisville ISD
Pool Y/N 0
Year Built 1983
Architctural Style Traditional
Levels One
Property Subtype Single Family Residence
Subdivision Name COLONY NO 19
Transaction Type For Sale
Occupant Type Vacant
County Denton
Property Type Residential
Construction Materials Brick Siding
Accessory Unit Y/N N
HOA Type None
Special Notes Special Contracts/Provisions
Full Baths 2
Status Pending
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 PRO
City The Colony
Elementary School Name Owen
High School The Colony
Elementary School Owen
Standard Status Pending
Listing Terms Cash
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Exterior
Waterfront 0
Fencing Wood
Soil Type Unknown
Garage Length 20
Garage Width 21
Lot Size Source Public Records
Parking Features Alley Access Garage Faces Rear
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Lot Size Dimensions 62X110
Structural Style Single Detached
Garage Y/N 1
Attached Garage Y/N 1
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Internal Only
Street Number 1 5241
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* Excluded Features
List By
Inga E Gonzalez

Listing Agent

Keller Williams Realty-Fm

Broker

Affordability Calculator

$1,403
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,403
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3941534 Elementary School
5136239 Middle School
See complete school information
Pricing History
Date Price Price Change Description
11/19/2025 $224,900 -9.90% Price Down
10/3/2025 $249,600 Listed Price

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5241 Reed Drive, The Colony, TX, 75056 is a Single Family Home for sale at $224,900 with 1,881 sqft and a lot size of 0.1566. 5241 Reed Drive has 3 bedrooms, 2.0 baths, and was built in 1983. The property's zip code is 75056 which is in The Colony, TX

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