5241 REED Drive
The Colony, TX, 75056
$249,600
3 Beds
2 Baths
1,881 SqFt
0.16 Acres
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Location

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.

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

Property Details

Price:
$249,600
MLS #:
21076879
Status:
Active
Beds:
3
Baths:
2
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
COLONY NO 19
Listed Date:
Oct 3, 2025
Finished Sq Ft:
1,881
Lot Size:
6,820 sqft / 0.16 acres (approx)
Year Built:
1983
GarageColony No 19Lewisville IsdOwenGriffinThe Colony

Schools

School District:
Lewisville ISD
Elementary School:
Owen
Middle School:
Griffin
High School:
The Colony

Interior

Bathrooms Full
2
Cooling
Ceiling Fan(s), Central Air, Electric
Fireplace Features
Brick
Fireplaces Total
1
Flooring
None
Heating
Electric
Interior Features
Pantry, Walk- In Closet(s)
Number Of Living Areas
1

Exterior

Construction Materials
Brick, Siding
Fencing
Wood
Garage Length
20
Garage Spaces
2
Garage Width
21
Lot Size Area
6820.0000
Lot Size Dimensions
62X110

Financial

Questions? I’m here to help!
Aaron Layman
Aaron Layman Properties
Call Now: 940-209-2100

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Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.

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Community

Subdivisions in The Colony

Market Summary

Current real estate data for Single Family in The Colony as of Nov 15, 2025
187
Single Family Listed
87
Avg DOM
247
Avg $ / SqFt
$670,264
Avg List Price

Property Summary

    Located in the COLONY NO 19 subdivision, 5241 REED Drive The Colony TX is a Single Family for sale in The Colony, TX, 75056. It is listed for $249,600 and features 3 beds, 2 baths, and has approximately 1,881 square feet of living space, and was originally constructed in 1983. The current price per square foot is $133. The average price per square foot for Single Family listings in The Colony is $247. The average listing price for Single Family in The Colony is $670,264. To schedule a showing of MLS#21076879 at 5241 REED Drive in The Colony, TX, contact your Aaron Layman Properties agent at 940-209-2100.
5241 REED Drive
The Colony, TX