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$625,000

3600 Water Mill Way, Northlake, TX, 76226

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,681 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$233.12 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Outdoor Grill
Lot Size11,918 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR707536
Lot Number14
SubdivisionCanyon Falls Village E3
Land UseResidential
Legal DescriptionCANYON FALLS VILLAGE E3 BLK AA LOT 14
Census Tract020317
Assessed Land Value$105,469
Assessed Improvement Value$442,615
Assessment Year2025

About this property

Built by Ashton Woods, this stunning home is located in the highly sought-after Canyon Falls community within Argyle ISD. The elongated foyer opens to a private study with built-ins and French doors, while the gourmet kitchen offers granite countertops, a large eat-in island, that flows seamlessly into the family room with its dramatic two-story stone fireplace. Hardwood floors run throughout the main level. Motorized shades add ease and sophistication to this beautiful home. The home welcomes you with a charming front porch, perfect for relaxing and enjoying the neighborhood feel. Out back, take in breathtaking sunset views from the extended covered patio with outdoor kitchen and mounted TVs. The oversized lot has no neighbors on one side and backs to protected green space and community trails, creating both privacy and connection to nature. A spacious side yard allows room for a future pool, playground or let the pets roam free! Upstairs includes three bedrooms, two bathrooms, and a game room, offering space for everyone. The epoxy-finished extended garage with EV charger completes this home with style and function. Canyon Falls offers resort-style amenities including multiple pools, parks, fitness center, dog park, miles of hiking and biking trails, and community events. HOA dues cover front yard maintenance, internet, and cable. A true gem in a community oriented neighborhood!

Investor Tools

Property Icon
$621,000
Estimated Property Value
$500,000Estimated Mortgage Balance
$94,322Estimated Equity
19% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,145/month
$727/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,632
$531,300
2025
$105,469
$442,615
$548,084
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,632
$531,300

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Funding Lp
Building Or Construction Loan
$33,392
No
First
Sep 5, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$526,678
$94,322
15%
85%
$3,199/mo

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: Northlake

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3600 Water Mill Way | Property Details | No Agent List