5050 FM 423, Frisco, TX 75036 Property Records

Denton County property record for 5050 FM 423, Frisco, TX 75036

Property Summary

Property Type	Apartments (5+ Units)
Details	371,385 sqft · built 2014
Lot Size	19.5 acres (850,291 sqft)
Owner	Company Name on File
Last Sale	$47,288,150 (Feb 2025)
Tax Bill	$1,164,281 (2025)
Deeds & Mortgages	Feb 2025 Mortgage Jul 2019 Mortgage
Flood Zone	Zone X (minimal risk)
APN	`R653825`

Property Details

APN / Parcel Number

Primary APN	`R653825`
Alternative APNs	`SF0401A-000000A-0000-0001-0000` `SF0401A-000000A-0000-0001` `R501015` `1031717`

Interior

Units	358 Units
Stories	1 Story
Building Area	371,385 sqft Living Area
1st Floor Area	371,385 sqft

Exterior

Year Built	Built 2014
Effective Year Built	Effective 2014
Architectural Style	Multi-Family
Exterior Material	Brick Veneer
Lot Area	850,291 sqft
Garage Area	6,048 sqft

Exterior Amenities

Pool Area	4,200 sqft
Porch	Porch
Porch Area	585 sqft
Total Buildings	8 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central

Location & Zoning

Street Address	5050 FM 423
City	FRISCO
State	TX
Zip	75036-7133
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	AVENUES OF PHILLIP CREEK RANCH BLK A LOT 1
Legal Subdivision	AVENUES OF PHILLIP CREEK RANCH
Legal Tract	10H
Legal Block	A
Legal Lot Number	1
Jurisdiction	DENTON TX
Township / Civil Division	THE COLONY
Census Block Group	1
Census Block	1007
Census Tract	21522

Owner

5050 FM 423, a residential property, is owned by a company that bought it in February 2025.

Source: Denton County records, as of September 14, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on File
Mailing Address	5605 GLENRIDGE DR, 775, SANDY SPRINGS, GA 30342-1378
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Feb 21, 2025	Special Warranty Deed, Transfer · Conventional Mortgage CBRE MULTIFAMILY CAPITAL INC
Jul 19, 2019	Grant Deed, Transfer CBRE MULTIFAMILY CAP

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 21, 2025 · Amount on File
Deed Sale	Feb 21, 2025 · Amount on File
Prior Sale	Oct 30, 2015 · Amount on File
Deed Document Number	202517171
Prior Transfer Date	Feb 18, 2025
Prior Transfer Doc	0000017171
Record Updated	Oct 29, 2026

February 2025: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	DENTON TX
Recording Date	Feb 21, 2025
Property Address	5050 FM 423, FRISCO, TX 75036-7133
Document Number	0000017171
Map Reference	DOC 2014-379
Instrument Date	Feb 18, 2025
Instrument	2025-017171
Transaction Type	Transfer
Record Updated	Oct 16, 2025
Title Company	FIRST AMERICAN TITLE INSURANCE COMPANY NC, FIRST AMERICAN TITLE INS CO

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	1005 17TH AVE S # S700, S700, NASHVILLE, TN 37212-2259

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5605 GLENRIDGE DR STE 775, 775, ATLANTA, GA 30342-1378
Mail Care Of	RANGEWATE REAL ESTATE LLC ONE PREM

Mortgage

Document Number	0000017174
Date	Feb 21, 2025
Instrument	2025-017174

Lender

Name	CBRE MULTIFAMILY CAPITAL INC
Type	Non-Lending Institution

Agreement

Type	Conventional Mortgage
Amount	Amount on Record

July 2019: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	DENTON TX
Recording Date	Jul 19, 2019
Property Address	5050 FM 423, FRISCO, TX 75036-7124
Document Number	0000085871
Instrument Date	Jul 8, 2019
Instrument	85871
Transaction Type	Transfer
Record Updated	Oct 22, 2019
Title Company	FIRST AMERICAN TITLE, FIRST AMERICAN TITLE INSURANCE

Transaction

Tax	$0.00
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	3301 W END AVE #200 NASHVILLE TN 372036897, 200, NASHVILLE, TN 37203-6897

Mortgage

Document Number	85873
Date	Jul 19, 2019
Instrument	85873

Lender

Name	CBRE MULTIFAMILY CAP
Type	Funding / Finance Company
Address	929 GESSNER RD # 1700, HOUSTON, TX 77024-2317

Agreement

Amount	Amount on Record

Tax Assessment & Valuation

The 2025 property tax bill for 5050 FM 423 was $1,164,281, up 4.3% from the year before.

Source: Denton County assessment roll, as of September 14, 2026

Property Jurisdictions

Type	Name
State	Texas
County	Denton County
Municipality	Frisco City
Unified School District	Frisco Independent School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026		$62,958,998 (-11.81%) Land $5,952,038 Building $57,006,960	$62,958,998 (-11.81%) Land $5,952,038 Building $57,006,960
2025	$1,164,281.00 (+4.34%)	$71,390,868 Land $5,952,038 Building $65,438,830	$71,390,868 Land $5,952,038 Building $65,438,830
2024	$1,115,877.00 (+2.52%)
2023	$1,088,465.00 (-6.47%)	$66,000,000 Land $5,952,038 Building $60,047,962	$66,000,000 Land $5,952,038 Building $60,047,962
2022	$1,163,766.00

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 5050 FM 423 in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective October 4, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 5050 FM 423 is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 97.9% of Texas
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF FRISCO serves 231,910 people · EPA ID TX0430005
Water Source	Purchased surface water from NORTH TEXAS MWD WYLIE WTP
Last State Inspection	Feb 2024
Lead	1 ppb (2024–2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 318 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
AT&T Fiber	5,000 / 5,000
WeLink Communications Fixed Wireless	2,000 / 2,000
Spectrum Cable · Fiber in parts of the area	1,000 / 1,000
Verizon Fixed Wireless	300 / 20
Starlink Satellite	280 / 30
T-Mobile Fixed Wireless	100 / 20

May also be available: Astound Broadband, Hotwire Communications.

Nearby Properties on FM 423

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures