5016 Thompson Terrace Colleyville, TX $ 499,000
5016 Thompson Terrace
$ 499,000
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5016 Thompson Terrace

Colleyville, TX, 76034
$ 499,000
Bedrooms2 Baths2.0 Sq 1,119

Monthly Estimate*

$ 3,072

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Single Family Home for sale in Colleyville, TX

for $499,000 with 2 bedrooms and 2 full baths. This 1,119 square foot home was built in 1948 on a lot size of 0.538.

Location! Location! Location! This Property has been updated. Exterior features include an inviting drive-up appeal with wood frame and siding exterior, covered front porch, huge lot with long driveway and concrete parking pad, maintained grounds with trees, and a backyard deck that faces the creek. Interior features include an open concept with combination living area and dining open to the kitchen. The kitchen and dining are separated by a long breakfast bar. The kitchen includes a dishwasher, sink, microwave, and electric range. There are 2 bedrooms with ensuite bathrooms, and a laundry room with room for a full-size washer and dryer. This property is a MUST SEE full of potential in the heart of a thriving business and high-end home community. Currently zoned R20 for residential use with surrounding properties zoned CC1, CN and R20. Buyer to verify zoning with the City of Colleyville Planning Commission. Buyer will be responsible for rezoning after closing and funding. Buyer to verify any rezoning allowance for any planned use. The Sellers also have 2 ADDITIONAL LOCATIONS FOR SALE: 5017 Colleyville Blvd zoned CC1-Village Retail w City approved Grant to assist w improvements (MLS 21166944)& 450 W Harwood in Hurst zoned PD (MLS 21138314). Buyer to verify all details & information provided. For more information, see the Transaction Desk.

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Single Family Active

Price

$ 499,000

Bedrooms

2

Full Bath

2

Property Type

Single Family

Taxes

$ 5,886

Style

Single Family Residence

Lot Size

0.538

Year Built

1948

Town/City

Colleyville

County/Region

Tarrant

MLS | Web ID

21167060

Features
Interior
Interior Features Decorative Lighting Second Primary Bedroom
Flooring Carpet Engineered Wood Tile
Basement Y/N 0
Dining Areas 1
Living Areas 1
Half Baths 0
Total Bedrooms 2
Total Baths 2
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General
Heating Central
Cooling Central Air Electric
Utilities City Sewer City Water
Possession Other
Roof Composition
Appliances Dishwasher Electric Range Microwave Refrigerator
Restrictions Other
School District Grapevine-Colleyville ISD
Pool Y/N 0
Exclusions Inquire with Listing Broker.
Year Built 1948
Levels One
Property Subtype Single Family Residence
Subdivision Name Thompson Terraces Sub
Transaction Type For Sale
County Tarrant
Property Type Residential
HOA Type None
Special Notes Aerial Photo Verify Flood Insurance Verify Tax Exemptions
Full Baths 2
Status Active
Directions Going northbound from Glade Road on Colleyville Blvd Hwy 26 turn right on Thompson Terrace property is down the street on the right.
City Colleyville
Elementary School Name Bransford
High School Grapevine
Elementary School Bransford
Standard Status Active
Listing Terms 1031 Exchange
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Exterior
Waterfront 1
Lot Features Few Trees Lrg. Backyard Grass
Parking Features Driveway Parking Pad
WaterFront Features Creek
Lot Size .5 to < 1 Acre
Foundation Pillar/Post/Pier
Structural Style Single Detached
Garage Y/N 0
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Internal Only
Street Number 1 5016
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* Excluded Features
List By
Tina Leigh

Listing Agent

Tina Leigh Realty

Broker

Affordability Calculator

$3,563
Per Month
86%
14%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$491
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
285928 Elementary School
5136266 Middle School
Pricing History
Date Price Price Change Description
2/5/2026 $499,000 -23.23% Price Down
1/31/2026 $650,000 Listed Price

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5016 Thompson Terrace, Colleyville, TX, 76034 is a Single Family Home for sale at $499,000 with 1,119 sqft and a lot size of 0.538. 5016 Thompson Terrace has 2 bedrooms, 2.0 baths, and was built in 1948. The property's zip code is 76034 which is in Colleyville, TX