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5316 Young Drive

5316 Young Drive, The Colony, TX 75056
Property in The Colony
Sold Sep 12, 2018
$112,500
$90,000 by Fairway Independent Mortgage C
Mortgage Due Oct 01, 2033
5316 Young Drive in The Colony, TX was first built in 1974 and is 50 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. 5316 Young Drive has 1,335 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 620 ft and the linear feet between the front and back of the lot is 1,150. In total, the area measurement of the land is 7,130 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 391 sqft. There is one available parking space. 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. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5316 Young Drive sold most recently in Sep 7, 2018 for a total of $112,500. If you work out the math, that's approximately a cost of $65.18 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,930 in taxes each year. 5316 Young Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $251,559. If we break it down further, the land itself was valued at $64,170. Improvements to the property, however, were assessed at a total of $235,581. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1995
  • Building Count: 1
  • 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: 391
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,130
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 620
  • Total Building Area: 1,726
  • Gross Building Area: 1,726
  • Building Area: 1,335
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,335
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONY NO 8
  • Land Acres: 0.164
  • Standard Land Use Code: Single family residential
  • Legal Description 1: COLONY NO 8 BLK 63 LOT 31

Ownership

  • Current Owner : MCMORROW THOMAS
  • Current Owner 2: MCMORROW TONYA
  • Previous Owner : KEMP JACK
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Geography

  • Assessors Map Reference: 599-K
  • Parcel: R10726
  • Block: 63
  • Lot: 31
  • Municipality: CITY OF THE COLONY
  • Latitude: 33.0914
  • Longitude: -96.8769

    Address

  • Full Address: 5316 Young Dr
  • Address - House Number: 5316
  • Address - Street Name: Young
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: The Colony
  • Carrier Code: C002
  • 4-Digit Zip Code: 1831
  • Zip Code: 75056

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,930
  • Tax Rate Code Area: S09

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 334,922
  • High Value: 399,055
  • Low Value: 270,788

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $90,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Sep 12, 2018
  • First Open Lien Mortgage Loan Amount: $90,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone First
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2033

    Market Valuation

  • Market Total Value: $299,751
  • Market Land Value: $64,170
  • Market Improvement Value: $235,581

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $251,559
  • Assessed Land Value: $64,170
  • Assessed Improvements Value: $235,581

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2018
  • Current Sale Recording Date: Sep 12, 2018
  • Current Sale Transaction ID: 11506474929
  • Current Sale Price: $112,500
  • Current Sale Document Type: Correction Deed
  • Current Sale Input Document Number: 2018-108621

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Mortgage Transaction Date: Sep 12, 2018
  • First Mortgage Loan Amount: $90,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: Stand Alone First
  • First Mortgage Loan Due Date: Oct 01, 2033

About The Colony



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Frequently Asked Questions

What neighborhood is 5316 Young Drive located in?
The 5316 Young Drive is a located in the neighborhood of The Colony in The Colony, The Colony.
What is the average sales price for listings in 5316 Young Drive?
The average sales price for units in 5316 Young Drive is $0 currently.

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