2875 Painted, The Colony, TX 75056 – Apartment Garden (1 - 4 stories)

ApartmentsYear Built 2013Total Assessed Value $92,600,000County Denton

Property Details

The Apartments property 2875 Painted, The Colony, TX 75056 is located in Denton County. The specific property type is Apartment Garden (1 - 4 stories). The total assessed value of this property is $92,600,000.

The gross building area is 559,392 square feet and the land area is 1,037,033 square feet for this Apartment Garden (1 - 4 stories) built in 2013.

Legal description: Parks Of Austin Ranch Addition Blk C Lot 1,3,4

$92,600,000

Market Value

8.00%

Cap Rate

N/A

NOI

N/A

Occupancy

$2,103

Avg Rent

Property Image of 2875 Painted, The Colony, TX 75056, Apartments

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Property Information

Property TypeApartments

Sub Property TypeApartment Garden (1 - 4 stories)

Building Area559,392

Land Size1,037,033

Land Value$4,770,343

Improved Value$87,829,657

Total Assessed Value$92,600,000

Year Built2013

County NameDenton

Account Number624410

Cap Rate8.00%

Very Walkable

Good Transit

Bikeable

Amenities

Air ConditioningCentral

Parking Space948

HeatingCentral

PoolHot Tub/Spa/Jacuzzi,Swimming Pools

Type ConstructionOther

No of Stories1

Garage TypeAttached Garages,Detached Garages

Bathrooms28

PatioAvailable

Valet Trash1

Number of Units526

Exterior WallsBrick veneer

Sales History

8/29/2025

Arms-lengthNot Disclosed

Buyer

Yamasa Co Ltd

Seller

Somerset Land Ltd

Book Number

2025.97053

Recording Date

8/29/2025

Transaction Details

Yamasa Co Ltd acquired the property from Somerset Land Ltd through a Arms-length transaction on 8/29/2025 for .

5/8/2013

OtherNot Disclosed

Buyer

Billingsley Company

Seller

Pbc 14 Ar Land Ltd Attn Vangie Lewis

Book Number

Recording Date

5/8/2013

Transaction Details

Billingsley Company acquired the property from Pbc 14 Ar Land Ltd Attn Vangie Lewis through a Other transaction on 5/8/2013 for .

Property constructed in 2013

YSale Price (USD) byXSales Year

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Mortgage History

This details prefers to stay low-key.

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2026	$4,770,343	$119,959,869	$124,730,212	$124,730,212	Yamasa Co Ltd	8951 Collin Mckinney...	Parks Of Austin Ranc...	Mf01G01A3	Sl9445A	1,037,033	559,392
2025	$4,770,343	$87,829,657	$92,600,000	$92,600,000	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01G01A2	Sl9445A	1,037,033	559,392
2024	$4,770,343	$86,229,657	$91,000,000	$91,000,000	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	Mf01A2C03	Sl9445A	1,037,033	554,780
2023	$4,770,343	$84,429,657	$89,200,000	$89,200,000	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01A2C03	Sl9445A	1,037,033	554,780
2022	$4,770,343	$81,948,204	$86,718,547	$86,718,547	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01A2C03	SL9445A	1,037,033	554,780
2021	$4,770,343	$74,729,657	$79,500,000	$79,500,000	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01A1C03	SL9445A	1,037,033	554,780
2020	$4,770,343	$77,044,614	$81,814,957	$81,814,957	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01A1C03	SL9445A	1,037,033	554,780
2019	$4,770,343	$77,068,519	$81,838,862	$81,838,862	The Residences Of La...	1722 Routh St Ste 77...	Parks Of Austin Ranc...	MF01A1C03	SL9445A	1,037,033	554,780
2018	$3,577,758	$66,237,199	$69,814,957	$69,814,957	Somerset Land Ltd	1722 Routh St Ste 13...	Parks Of Austin Ranc...	MF01S09A1	SL9445A	1,037,033	554,780
2017	$2,634,770	$53,792,550	$56,427,320	$56,427,320	Somerset Land Ltd	1722 Routh St Ste 13...	Parks Of Austin Ranc...	MF01S09A1	SL9445A	439,128	401,970

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Comparables

Address ↕	Assessors Parcel Number ↕	Property Type ↕	Property Sub Type ↕	Owner Name ↕	County ↕	Miles ↕	Sale Price ↕	Sale Date ↕	Price / SF ↕	Year Built ↕	GBA ↕	Units ↕
2875 Painted, The Colony, TX 75056	624410	Apartments	Apartment Garden (1 - 4 stories)	The Residences Of Lake District No 1 Ltd	Denton	-	-	-	-	2013	559,392	526
2901 Lady Bettye Dr, Lake Dallas, TX 75065	995945	Apartments	Apartment Garden (1 - 4 stories)	Tapestry Ch Llc	Denton	2.0	$ 62,177,500	2025-06-26	$ 170.82	2023	364,000	-
3700 Legacy Dr Unit 320 Unit320, Frisco, TX 75034	2087227	Apartments	Apartment Garden (1 - 4 stories)	Srgmf Iv Legacy Drive Frisco Llc	Collin	4.0	$ 86,117,500	2025-08-25	$ 223.86	1999	384,698	320
19002 Dallas Pkwy Unit376, Dallas, TX 75287	2011738	Apartments	Apartment Garden (1 - 4 stories)	Fbrt Haverwood Owner, Llc	Collin	4.0	$ 75,145,000	2025-02-12	$ 220.06	1994	341,480	376
4689 Mustang Pkwy, Carrollton, TX 75010	633052	Apartments	Apartment Garden (1 - 4 stories)	Mustang Pkwy Mf Prop Llc	Denton	1.2	$ 61,180,000	2025-08-21	$ 197.38	2014	309,961	268
5225 Town Country Blvd, Frisco, TX 75034	500870	Apartments	Apartment Garden (1 - 4 stories)	Nap Rovello Stonebriar Commons Lp	Denton	2.6	$ 41,634,320	2025-10-28	$ 132.23	2016	314,855	216
5225 Town And Country Blvd, Frisco, TX 75034	2778074	Apartments	Apartment Garden (1 - 4 stories)	Nap Ravello Stonebriar Commons Lp	Collin	2.6	$ 35,546,900	2025-10-28	$ 113.99	2016	311,855	216
6300 Windcrest Dr Unit380, Plano, TX 75024	2058512	Apartments	Apartment Garden (1 - 4 stories)	Key Creekside Llc	Collin	3.7	$ 87,279,920	2024-09-26	$ 227.99	1996	382,817	380
1415 S Broadway St, Carrollton, TX 75006	140005000R02R0000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lyv Broadway Owner Lp	Dallas	7.8	$ 78,470,000	2024-06-28	$ 213.31	2019	367,875	390
7777 Adelaide St, Frisco, TX 75034	678793	Apartments	Apartment Garden (1 - 4 stories)	Hp Maxwell Llc	Denton	6.1	$ 57,216,600	2025-05-13	$ 172.15	2017	332,361	325
1011 S Main St, Carrollton, TX 75006	141079400A0010000	Apartments	Apartment Garden (1 - 4 stories)	Crprpm Lux On Main Owner Lp	Dallas	7.6	$ 68,495,000	2024-10-08	$ 212.89	2018	321,732	352

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	2875 Painted, The Colony, TX 75056	—	-	1,037,033	2013	559,392	$ 92,600,000	$ 4,770,343	-
M&t Realty Capital Corporation	2901 Lady Bettye Dr, Lake Dallas, TX 75065	06/26/2025	$ 46,750,000	353,315	2023	364,000	$ 63,500,000	$ 1,766,576	-
Cbre Capital Markets Inc	5200 Windhaven Pkwy, The Colony, TX 75056	04/23/2025	$ 45,282,000	679,884	2012	294,019	$ 66,314,413	$ 5,439,076	-
Walker & Dunlop Llc	4747 N Josey Ln, Carrollton, TX 75010	11/26/2024	$ 20,043,000	395,481	1985	580	$ 120,606	$ 13,288	Dreampauls Fieldcrest Llc
Forethought Life Insurance Co	4900 Windhaven Pkwy, The Colony, TX 75056	08/19/2024	$ 51,850,000	704,627	2013	299,606	$ 68,462,320	$ 7,046,266	-
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,452	$ 1,382,928	$ 271,232	Starside Construction Inc
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,348	$ 1,324,272	$ 271,232	Starside Construction Inc
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,524	$ 1,520,289	$ 271,232	Starside Construction Inc
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,426	$ 1,466,071	$ 271,232	Starside Construction Inc
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,420	$ 1,455,968	$ 271,232	Starside Construction Inc
Plainscapital Bank	6801 Corporate Dr, Plano, TX 75024	06/17/2024	$ 3,151,499	216,985	2020	2,468	$ 1,485,554	$ 271,232	Starside Construction Inc

Mean$ 8,400,346

Median$ 3,151,499.0

Loan Amount Range$ 1,087,500 - $ 51,850,000

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