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$499,000

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 0.538 Acres
  • Updated 6 days ago
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Location! Location! Location! This Property has been updated. Exterior features include an inviting drive-up appeal with wood frame and siding exterior, covered front porch, huge lot with long driveway and concrete parking pad, maintained grounds with trees, and a backyard deck that faces the creek. Interior features include an open concept with combination living area and dining open to the kitchen. The kitchen and dining are separated by a long breakfast bar. The kitchen includes a dishwasher, sink, microwave, and electric range. There are 2 bedrooms with ensuite bathrooms, and a laundry room with room for a full-size washer and dryer. This property is a MUST SEE full of potential in the heart of a thriving business and high-end home community. Currently zoned R20 for residential use with surrounding properties zoned CC1, CN and R20. Buyer to verify zoning with the City of Colleyville Planning Commission. Buyer will be responsible for rezoning after closing and funding. Buyer to verify any rezoning allowance for any planned use. The Sellers also have 2 ADDITIONAL LOCATIONS FOR SALE: 5017 Colleyville Blvd zoned CC1-Village Retail w City approved Grant to assist w improvements (MLS 21166944)& 450 W Harwood in Hurst zoned PD (MLS 21138314). Buyer to verify all details & information provided. For more information, see the Transaction Desk.

Full Property Details for 5016 Thompson Terrace

General

  • Price: $499,000
  • Taxes: $5,886
  • Status: Active
  • Type: Single Family
  • Source: NTREIS
  • MLS ID: 21167060
  • Updated: 2/5/2026
  • Added to Site: 12 day(s) ago

Interior

  • Interior Features: Decorative/Designer Lighting Fixtures, Multiple Master Suites
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring: Carpet, Engineered Hardwood, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Laundry: Laundry in Utility Room

Exterior

  • Porch/Patio/Deck: Deck, Front Porch

Parking

  • Parking Features: Driveway, Parking Pad

Location

  • County: Tarrant
  • Subdivision: Thompson Terraces Sub
  • Driving Directions: Going northbound from Glade Road on Colleyville Blvd Hwy 26, turn right on Thompson Terrace, property is down the street on the right.

School Information

  • Elem School District: Grapevine-Colleyville ISD
  • Midd School District: Grapevine-Colleyville ISD
  • High School District: Grapevine-Colleyville ISD
  • Elementary School: Bransford
  • Middle School: Colleyville
  • High School: Grapevine

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Electric
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Available, Water Available

Structural Information

  • Property Detached: Yes
  • Architectural Style: Detached
  • Structure Type: House
  • Detached/Attached: Detached
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Living Area: 1,119 Sq. Ft.
  • Year Built: 1948

Lot Features

  • Lot Size (Acres): 0.538
  • Lot Size (Sq. Ft.): 23,435.28
  • Lot Features: Back Yard, Lawn, Few Trees

Water Features

  • Water Front: Yes
  • Water Front Desc.: Creek

Financial Considerations

  • For Sale/Rent/Lease: For Sale
  • Tax Amount: $5,886
  • Terms: 1031 Exchange

Disclosures and Reports

  • Documents Avail.: Aerial
  • Legal Description: THOMPSON TERRACES SUBDIVISION BLOCK 1 LOT 12
  • Exclusions: Inquire with Listing Broker.
  • Property ID: 3127486
  • Block: 1
  • Lot Number: 12

Listed by Tina Leigh Realty, Tina Leigh

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Listing agent

— 5016 Thompson Terrace —

  • Tina Leigh

    Tina Leigh Realty

972-824-0631

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5016 Thompson Terrace

School District:Grapevine-Colleyville Independent School District
NameGradesDistance
Bransford Elementary School
601 Glade Road, Colleyville, TX 76034
PK-50.4 mi
Colleyville Middle School
1100 Bogart Drive, Colleyville, TX 76034
6-80.8 mi
Grapevine High School
3223 Mustang Drive, Grapevine, TX 76051
9-123 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5016 Thompson Terrace Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/04/2026
Price Reduced
$499,000
-23.23%
MLS
1/30/2026
Listed
$650,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5016 Thompson Terrace

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,688
-71%
$319,000
-9%
2023
$5,904
—
$350,000
17%
2022
$5,925
28%
$300,000
40%
2021
$4,624
-22%
$215,000
-21%
2020
$5,940
-11%
$270,486
-10%
2019
$6,699
-4%
$301,472
—
2018
$6,970
33%
$301,472
35%
2017
$5,225
—
$223,397
1%
2016
$5,211
137%
$220,555
133%
2015
$2,197
15%
$94,800
—
2013
$1,905
—
$94,800
15%
2013
$1,905
—
$82,200
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 5016 Thompson Terrace

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Tina Leigh Realty, Tina Leigh

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5016 Thompson Terrace, Colleyville, TX 76034 (MLS# 21167060) is a Single Family property with 2 bedrooms and 2 full bathrooms. 5016 Thompson Terrace is currently listed for $499,000 and was received on January 30, 2026. Want to learn more about 5016 Thompson Terrace? Do you have questions about finding other Single Family real estate for sale in Colleyville? You can browse all Colleyville real estate or contact a Coldwell Banker agent to request more information.

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