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$418,128

NAL Estimated Property Value

3118 Watercress Cir, Arlington, TX, 76012

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,348 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$170.36 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size6,264 sqft

Building Information

Year Built1993
Stories2
Garage Spaces2

Land Information

APN45263C-5R1-25
Lot Number25
SubdivisionWaterway Park North
Land UseResidential
Legal DescriptionWATERWAY PARK NORTH BLOCK 5R1LOT 25 & PART OF CE
Census Tract121612
Assessed Land Value$70,000
Assessed Improvement Value$348,128
Assessment Year2025

About this property

Located in a gated community in the heart of Arlington, this beautifully maintained 3-bedroom, 3-bath home with a private office offers luxury living, resort-style outdoor space, and an ideal layout for entertaining. Nestled among scenic ponds and walking trails, the neighborhood provides a peaceful retreat feel while still being conveniently close to shopping, dining, entertainment, and major highways. The backyard features a stunning saltwater pool & spa that was completely redone in 2021, creating the perfect backyard oasis for relaxing or entertaining all summer long. Even better — the artificial turf means almost zero backyard maintenance while keeping everything green year-round. Inside, you’ll find spacious living areas filled with natural light, including a large living room and separate family room connected by a striking double-sided see-through fireplace. The flexible floor plan also includes a formal dining room, dedicated home office, and a breakfast nook just off the kitchen — perfect for both everyday living and hosting guests. The bright white kitchen features soapstone countertops, abundant cabinet space, and a functional layout designed for cooking and gathering. The downstairs primary suite offers privacy and comfort with an ensuite bath and convenient first-floor access, while two additional guest bedrooms upstairs provide space for family or visitors. This Arlington gated community home combines sought-after features including a home office, pool and spa, downstairs primary suite, soapstone countertops, multiple living areas, walking trails, and scenic pond views — all in a highly desirable location.

Investor Tools

Property Icon
$418,128
Estimated Property Value
$187,785Estimated Mortgage Balance
$230,624Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,509 /month
Positive
Cash Flow Estimate:
$836 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$686/month
$820/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,145
$418,128
2025
$70,000
$348,128
$418,128
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,145
$418,128

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$190,000
No
First
Oct 27, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$187,785
$230,343
55%
45%
$1,140/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,927/mo
$1,960/mo
$-33/mo
5.5%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Arlington

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3118 Watercress Cir | Property Details | No Agent List