NEW CONSTRUCTION
$39K PRICE DROP
5305 Colonial Ave Dallas, TX 75215
Estimated payment $2,044/month
Total Views
10,902
4
Beds
3.5
Baths
2,122
Sq Ft
$170
Price per Sq Ft
Highlights
- New Construction
- Balcony
- Chandelier
- Covered Patio or Porch
- 1 Car Attached Garage
- Central Heating and Cooling System
About This Home
A Rare Investment Gem with Elegant Living in the Heart of Dallas (Price is per side, Duplex can be purchased separate or together)
Experience the perfect blend of luxury and opportunity with this beautifully designed duplex, located just steps from Fair Park and a quick 9-minute drive to Downtown Dallas. Whether you're a discerning homeowner, savvy investor, or a visionary expanding your real estate portfolio, this property offers unmatched versatility and appeal.
Each unit features generously sized interiors and expansive balconies at both the front and rear—creating the ideal setting for morning coffee, sunset views, or elevated entertaining. Thoughtful architecture, ample natural light, and timeless design make this duplex a standout in both comfort and style.
Live in one sophisticated unit and lease the other, or capitalize on the dual-income potential in one of Dallas’s most dynamic and rapidly appreciating neighborhoods.
? Key Features:
Prime location near Fair Park and Downtown
Two expansive units with private entrances
Grand front and rear balconies for refined outdoor living
Ideal for multi-generational living or income-producing strategy
Opportunities like this don’t come often. Step into style, strategy, and smart investment—schedule your private tour today.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,173
Year Built
- Built in 2025 | New Construction
Lot Details
- 7,013 Sq Ft Lot
- Wood Fence
- Cleared Lot
Parking
- 1 Car Attached Garage
- 2 Carport Spaces
- Driveway
Home Design
- Stucco
Interior Spaces
- 2,122 Sq Ft Home
- 2-Story Property
- Chandelier
- Decorative Lighting
- Decorative Fireplace
- Electric Fireplace
- Laminate Flooring
- Electric Dryer Hookup
Kitchen
- Electric Oven
- Electric Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Balcony
- Covered Patio or Porch
Schools
- Charles Rice Learning Center Elementary School
- Lincoln High School
Utilities
- Central Heating and Cooling System
Community Details
- Ervay Place Subdivision
Listing and Financial Details
- Legal Lot and Block 36 / 2248
- Assessor Parcel Number 00000207970000000
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,173 | $607,250 | $63,000 | $544,250 |
| 2024 | $1,173 | $52,500 | $52,500 | -- |
| 2023 | $1,173 | $44,940 | $44,940 | $0 |
| 2022 | $875 | $35,000 | $35,000 | $0 |
| 2021 | $166 | $6,300 | $6,300 | $0 |
| 2020 | $171 | $6,300 | $6,300 | $0 |
| 2019 | $179 | $6,300 | $6,300 | $0 |
| 2018 | $171 | $6,300 | $6,300 | $0 |
| 2017 | $171 | $6,300 | $6,300 | $0 |
| 2016 | $171 | $6,300 | $6,300 | $0 |
| 2015 | $173 | $6,300 | $6,300 | $0 |
| 2014 | $173 | $6,300 | $6,300 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/14/2025 07/14/25 | Price Changed | $360,000 | -4.0% | $170 / Sq Ft |
| 05/24/2025 05/24/25 | Price Changed | $375,000 | -1.3% | $177 / Sq Ft |
| 05/06/2025 05/06/25 | Price Changed | $380,000 | -4.8% | $179 / Sq Ft |
| 04/05/2025 04/05/25 | For Sale | $399,000 | -- | $188 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Capital Title | |
| Sheriffs Deed | $40,500 | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | $630 | -- | |
| Deed | $5,476 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | Credit Line Revolving | |
| Closed | $441,000 | Construction |
Source: Public Records
Similar Homes in Dallas, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20894748
APN: 00000207970000000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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