1. Overview
  2. Location
  3. Interior
  4. Exterior
  5. Property
  6. Schools
  7. Tax
  8. Calculator
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Status: Active

5220 Gibson Dr 
The Colony, TX 75056

$270,000

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**Cosmetic Updates Needed!** $6000 Mortgage Incentive Available. This home on Gibson Drive offers a functional, open layout. At the heart of the home, the kitchen includes a large breakfast bar and opens seamlessly to the living room—creating a bright, welcoming space perfect for gathering or entertaining. A dedicated office provides the ideal setup for remote work, study or a third bedroom, while the spacious primary suite features an ensuite bath and walk-in closet for added comfort and convenience. Step outside to enjoy the fully fenced backyard—ideal for outdoor activities or relaxing weekends—with a storage shed providing extra space for tools or hobbies. Bring your tools or design ideas to customize and make this home your own! Located on a peaceful cul-de-sac, this property is within walking distance to neighborhood schools (no streets to cross), parks, and the local police department. You'll also love the easy access to Lewisville Lake, GrandScape, Hawaiian Falls, and a variety of shopping and dining destinations. Commuters will appreciate the quick connection to major highways, making travel across the metroplex effortless. Recent update: Foundation repaired in July 2025 with a lifetime transferable warranty for peace of mind.
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Bedrooms
3
Baths
2
House Size
1,249 sqft
Year Built
1977
Lot Size
0.17 ac
School District
Lewisville ISD

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Location

Market Insights

In the last 30 days, homes for sale in 75056, The Colony, TX were on the market for a median of 51 days and 7.14% of homes sold above list price.

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Interior Information

appliances
Dishwasher
Electric Range
cooling
Central Air
features
Pantry
Walk-in Closet(s)
High Speed Internet
flooring
Other
Tile
heating
Central
laundry features
In Kitchen
Washer Hookup
window features
Window Coverings

Exterior Information

features
Storage
fence
Back Yard
Fenced
Wood
roof
Composition

Property Information

architectural style
Traditional
construction
Brick
Other
Stone
foundation
Slab
lot
Interior Lot
parking
Driveway
Garage
Garage Faces Front
Attached
sewer
Public Sewer
subdivision name
Colony 14 Ph A
utilities
Cable Available
water source
Public
  • Listed By Shequoia Barrett
  • (844) 819-1373
  • Orchard Brokerage
  • (844) 819-1373
  • broker@orchard.com
  • MLS 21019921

Tax History

Date

Property Tax

Land

Additions

Tax Assessment

2025$5,554 (-0.2%)$69,150$209,183$278,333 (-2.7%)
2024$5,565 (0%)$69,150$217,029$286,179 (+0.8%)
2023$5,565 (+5.3%)$69,150$214,850$284,000 (+12.8%)
2022$5,284 (0%)$69,150$182,539$251,689 (+27%)
2021$5,284$42,804$155,336$198,140

Tax data provied by Attom


Monthly Payments Calculator

Estimated Monthly Cost

$2,085

30 year fixed·6.9% interest rate
Principal & Interest
$1,423
Property Taxes
$463
Home Insurance
$200
HOA Fees
$0
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*All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

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