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5221 Cole Drive

5221 Cole Drive, The Colony, TX 75056
Property in The Colony
Sold Jul 08, 1998
$70,000
$56,000 by Acg Financial Services Imc Inc
Mortgage Due Jul 01, 2028
Sold Feb 07, 1995
$73,800
$39,000 by Robert R Martinez
Mortgage
5221 Cole Drive in The Colony, TX was first built in 1976 and is 48 years old. Although, the building on the property was most recently renovated and altered in 1995. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5221 Cole Drive has 1,460 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 67,000 ft and the linear feet between the front and back of the lot is 10. In total, the area measurement of the land is 6,700 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 900 sqft. There are a total of 4 available parking spaces. The condition of the building has been evaluated as good. The exterior walls of the home are made of brick veneer. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Jun 1, 1998 for $70,000. That's $29.66 per sqft. Prior to that sales transaction, the property was also sold in Jan 25, 1995 for $73,800. 5221 Cole Drive was last assessed in 2023. The total value of the property was assessed at $316,777. Specifically, the land the property is located on was valued at $60,300. While improvements on the property were assessed at a total of $296,576. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $6,208. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1995
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 900
  • Parking Space Count: 4
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 6,700
  • Lot Size Depth Feet: 10
  • Lot Size Frontage Feet: 67,000
  • Total Building Area: 2,360
  • Gross Building Area: 2,360
  • Building Area: 1,460
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,460
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: COLONY NO 7
  • Land Acres: 0.154
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COLONY NO 7 BLK 54 LOT 15

Ownership

  • Current Owner : MOLINE MARTHA L
  • Previous Owner : MARTINEZ ROBERT R
  • Previous Owner 2: MARTINEZ ROSEMARY A
  • Owner Before Previous Owner: MARTINEZ ROBERT R
  • Owner Before Previous Owner 2: MARTINEZ ROSEMARY A
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lewisville Independent School District
  • Census Tract: 021520

Geography

  • Assessors Map Reference: 599-N
  • Parcel: R90366
  • Block: 54
  • Lot: 15
  • Municipality: CITY OF THE COLONY
  • Latitude: 33.0843
  • Longitude: -96.8824

    Address

  • Full Address: 5221 Cole Dr
  • Address - House Number: 5221
  • Address - Street Name: Cole
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: The Colony
  • Carrier Code: C020
  • 4-Digit Zip Code: 2319
  • Zip Code: 75056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,208
  • Tax Rate Code Area: S09

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 373,495
  • High Value: 445,015
  • Low Value: 301,975

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $56,000
  • First Open Lien Mortgage Lender: ACG FINANCIAL SERVICES IMC INC
  • First Open Lien Mortgage Recording Date: Jul 08, 1998
  • First Open Lien Mortgage Loan Amount: $56,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2028

    Market Valuation

  • Market Total Value: $356,876
  • Market Land Value: $60,300
  • Market Improvement Value: $296,576

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,777
  • Assessed Land Value: $60,300
  • Assessed Improvements Value: $296,576

    Exemptions

  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 01, 1998
  • Current Sale Recording Date: Jul 08, 1998
  • Current Sale Transaction ID: 1150576942
  • Current Sale Price: $70,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 98-R0059309
  • Previous Sale Recording Date: Feb 07, 1995
  • Previous Sale Contract Date: Jan 25, 1995
  • Previous Sale Amount: $73,800
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACG FINANCIAL SERVICES IMC INC
  • First Mortgage Transaction Date: Jul 08, 1998
  • First Mortgage Loan Amount: $56,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Due Date: Jul 01, 2028

    Previous Mortgages

  • Previous Mortgage Lender: ROBERT R MARTINEZ
  • Previous Mortgage Transaction Date: Feb 07, 1995
  • Previous Mortgage Loan Amount: $39,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Seller take-back

About The Colony



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Frequently Asked Questions

What neighborhood is 5221 Cole Drive located in?
The 5221 Cole Drive is a located in the neighborhood of The Colony in The Colony, The Colony.
What is the average sales price for listings in 5221 Cole Drive?
The average sales price for units in 5221 Cole Drive is $0 currently.

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