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$420,000

3621 Water Mill Way, Northlake, TX, 76226

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,860 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.81 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave
FlooringCeramic Tile, Hardwood

Exterior

Exterior FeaturesRain Gutters
Lot Size5,998 sqft

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR707519
Lot Number28
SubdivisionCanyon Falls Village E3
Land UseResidential
Legal DescriptionCANYON FALLS VILLAGE E3 BLK BB LOT 28
Census Tract020317
Assessed Land Value$96,000
Assessed Improvement Value$350,361
Assessment Year2025

About this property

1% lender credit with the preferred lender! Ask for details. Why this one? BECAUSE ITS THE BEST VALUE CURRENTLY AVAILABLE IN CANYON FALLS, offering top-rated Argyle ISD and a highly functional floorplan. Walking distance to top-rated schools, this beautifully designed one-story home offers a seamless, low-maintenance floorplan. Built by Ashton Woods homes, this home offers 3 bedrooms plus a dedicated office. Featuring 9’ ceilings, hardwood floors, and an open-concept layout, the home is ideal for both everyday living and entertaining. The private office with French doors provides a perfect work-from-home or flexible space. The gourmet kitchen showcases a spacious eat-in island, quartz countertops, gas cooktop, and a large pantry, opening effortlessly to the living area with a custom-tiled fireplace. Two secondary bedrooms and a full bathroom are conveniently located in the center of the home. The split floorplan places the primary suite privately at the back, offering a peaceful retreat with a bay window. The primary bath features dual vanities, a soaking tub, and a glass-enclosed shower. Step outside to a covered patio—perfect for relaxing or hosting guests. Additional highlights include luxury lighting, a gas water heater, and a full sprinkler system. Garage with epoxy-coated floors for a clean, finished look. Residents enjoy resort-style Canyon Falls amenities, including HOA-included cable and internet, miles of walking and biking trails, parks, clubhouse, fitness center, splash pad, infinity pool, dog park, and community gathering spaces such as the historic Hay Barn. An excellent value and truly move-in ready—schedule your showing today.

Investor Tools

Property Icon
$446,361
Estimated Property Value
$318,160Estimated Mortgage Balance
$164,275Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,678 /month
Positive
Cash Flow Estimate:
$893 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$917/month
$608/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,768
$446,361
2025
$96,000
$350,361
$446,361
No

Tax History

Year
Tax Paid
Assessed Value
2025
$8,768
$446,361

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$318,160
No
First
Jul 30, 2020
Aug 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$282,086
$164,275
36%
63%
$1,908/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,960/mo
$2,516/mo
+$444/mo
8.0%

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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3621 Water Mill Way | Property Details | No Agent List