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5241 REED Drive The Colony, Texas 75056

For Sale

$224,900

Smart Buyer Rebate - Ask

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 AUCTION TERMS. ALL BIDS MUST BE SUBMITTED VIA LINK BELOW DURING THE NEW AUCTION DATES 11-3-25 - 11-5-25. 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 11-3-25 - 11-5-25. 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!

CASH BUYERS ONLY AND NO CONTINGENCIES. TEXT LISTING AGENT for help.

Listed by Inga E Gonzalez

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Keller Williams Realty-FM

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214-850-4478

Last updated November 18, 2025

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Source: NTREIS #21076879

Listing Facts

  • TypeSingle-family
  • NeighborhoodThe Colony
  • Bedrooms3
  • Bathrooms2
  • Days on Prevu48
  • Size1,881 sqft
  • Price per sqft$120

Amenities

  • Pets Allowed
  • Air Conditioning
  • Parking

Location

Mortgage Calculator

Listing History

11/19/2025
Price Decreased
$224,900
10/02/2025
Listed by Keller Williams Realty-FM
$249,600

Property Details for 5241 REED Drive

Exterior

Construction

  • Roof: Asphalt
  • Year Built: 1983
  • Architectural Style: Traditional
  • Construction Materials: Brick, Siding

Features

  • Fencing: Wood

Measurements

  • Lot Size Acres: 0.15
  • Lot Size Area: 6,820
  • Lot Size Dimensions: 62,110
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 6,820
  • Lot Size Units: Square Feet

Financial

Taxes

  • Parcel Number: R13447

Interior

Features

  • Appliances: Electric Range, Microwave
  • Fireplace Features: Brick
  • Fireplaces Total: 1
  • Interior Features: Pantry, Walk-In Closet(s)

Measurements

  • Living Area: 1,881

Rooms

  • Bathrooms Full: 2
  • Bathrooms Total Integer: 2
  • Bedrooms Total: 3

Other

Location

  • Subdivision Name: COLONY NO 19
  • Tax Block: 127
  • Tax Lot: 11

Parking

Parking

  • Attached Garage: Yes
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage: Yes
  • Parking Features: Alley Access, Garage Faces Rear

Schools

Elementary School

  • Elementary School: Owen

Utilities

Equipment

  • Cooling: Ceiling Fan(s), Central Air, Electric
  • Heating: Electric
  • Laundry Features: Electric Dryer Hookup, In Hall, Utility Room, Full Size W/D Area
  • Utilities: City Sewer, City Water, Community Mailbox, Curbs

Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.