Tour
$3,383 Closing Credit¹
#20930051, Lily Moore, Cristina Moloian, Listing Office: Lily Moore Realty
$314,500 List price
7116 Independence Dr The Colony, TX 75056
$3,735
Closing credit¹
3 beds
2 full
1,068 sqft
0.2 acres
$294 / sqft
House
Property details
About 7116 Independence Dr
Welcome home! This one is a MUST SEE! A beautifully updated 3-bedroom, 2-bath home nestled in a quiet, sought-after neighborhood in The Colony. Just steps from scenic walking trails, Bill Allen Memorial Park, and the Turner Soccer Complex, this location offers the perfect balance of tranquility and accessibility. Enjoy being just minutes away from the vibrant entertainment and dining at Grandscape, The Star in Frisco, Shops at Legacy, and Lake Lewisville, with quick and easy access to Hwy 121 and the Dallas North Tollway. Inside, the home is filled with modern upgrades including an updated kitchen, a fully remodeled spa-like primary bathroom, a newer roof (2022), and a new fence (2023). Energy-saving solar panels help keep utility bills low, and the oversized backyard is ideal for entertaining. A standout feature is the insulated backyard shed, fully equipped with electricity, internet, and AC—perfect for a home office, gym, or creative flex space. Move-in ready and full of thoughtful upgrades, this home truly has it all. Schedule your private showing today!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
CoolingCentral Air
Size1,068 sqft
Lot size0.152 Acres
Year built1982
ParkingGarage Faces Front
MLS #20925178
Attached garage1 space
Virtual tour
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Electric Range, Disposal, Microwave
- Basement: No
- Interior: Eat-in Kitchen, Open Floorplan
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Garage Faces Front
- Architectural Style: Traditional, Detached
- Heating: Central
- Cooling: Central Air
- List Price: $314,500
- Price/SqFt: $294
- Annual Tax Amount: $3,750
- Tax Year: 2024
- Directions: From Hwy 121, go North on Paige Rd, Right on N Colony Blvd, Left on Northpointe Dr, Right on Turner St, Right on Independence Dr. Home on left
- Year Built: 1982
- Living Area: 1,068 SqFt
- Lot Size: 0.152 Acres
- MLS Number: 20925178
- MLS Name: NTR
- Office Name: Keller Williams Realty DPR
- Office Phone: (832) 744-1238
- Listing Agent: Angela Masera
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 5/24/2025, 12:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$314,500
7116 Independence Dr
$3,735
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 10, 2002 | Home Sold | $84,871 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $258,937 | $3,750 |
| 2023 | $267,363 | $4,288 |
| 2021 | $182,738 | $4,288 |
| 2020 | $167,003 | $3,719 |
| 2019 | $167,387 | $2,754 |
| 2018 | $120,000 | $2,754 |
| 2017 | $100,574 | $2,323 |
History based on county public records data.
Nearby schools
4
B. B. Owen Elementary School
Public District PK-5
0.8 mi
•5640 Squires Dr
7
Hicks Elementary School
Public District KG-5
0.8 mi
•3651 Compass Dr
4
Morningside Elementary School
Public District KG-5
1.3 mi
•6350 Paige Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $63,393. The most common annual income of people living in The Colony, TX is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
19%
<35k
68%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
16%
Single, with Kids
22%
Married, No Kids
31%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
10%
12-17 yrs old
24%
18-34 yrs old
41%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Basketball
Soccer
Where do the neighbors shop?
Burlington
Ross Dress For Less
Stein Mart
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
Wingstop
What do the neighbors drive?
Chevrolet
Acura
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Christian Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7116 Independence Dr
The listing price of 7116 Independence Dr property is $314,500.
The property 7116 Independence Dr is a house located in The Colony, Texas, 75056.
Accepting Backup Offers: 7116 Independence Dr is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 7116 Independence Dr are: B. B. Owen Elementary School (GreatSchools Rating 4/10), Hicks Elementary School (GreatSchools Rating 7/10), Morningside Elementary School (GreatSchools Rating 4/10), Griffin Middle School (GreatSchools Rating 4/10), Pearson Middle School (GreatSchools Rating 10/10), Lakeview Middle School (GreatSchools Rating 3/10), Reedy High School (GreatSchools Rating 9/10), The Colony High School (GreatSchools Rating 4/10), Frisco High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $3,750 (source: MLS/based on county public records data).
The last sale was on September 10, 2002 for $84,871 (source: MLS/tax record).
The property at 7116 Independence Dr has 3 bedrooms and 2 bathrooms.
The property 7116 Independence Dr is 1,068 SqFt (source: MLS/tax record).
The year of construction for 7116 Independence Dr is 1982.
This home is located at 7116 Independence Dr in The Colony, TX and zip code 75056 in the Squires / T & R Streets neighborhood. This 1,068 square foot home, which was built in 1982, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 8, 2025 and is currently priced at $314,500.
In April 2025 in The Colony, TX there were 22.2% more homes for sale than in March. In April 2025 median list price was $500,977 and the average listing age was 56 days.
From Rocket Homes Real Estate and based on county public records data.