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$569,900

3700 Water Mill Way, Northlake, TX, 76226

PendingInfo
Beds4 Beds
Baths4 Bath
Baths2,685 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.25 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringWood

Exterior

Exterior FeaturesRain Gutters, Other
Lot Size5,998 sqft

Building Information

Year Built2020
Stories2
Garage Spaces2

Land Information

APNR707529
Lot Number7
SubdivisionCanyon Falls Village E3
Land UseResidential
Legal DescriptionCANYON FALLS VILLAGE E3 BLK AA LOT 7
Census Tract020317
Assessed Land Value$96,000
Assessed Improvement Value$442,352
Assessment Year2025

About this property

Welcome to 3700 Water Mill Way in the award-winning Canyon Falls community! Built by Ashton Woods and beautifully maintained, this updated home offers exceptional curb appeal, a functional floor plan, and an unbeatable location backing to a protected greenbelt. With the land behind the home designated as floodplain, you'll enjoy peaceful, private views that will remain undeveloped. This home features a two-car garage, extended back patio, and the perfect blend of comfort and convenience. Inside, the open-concept layout is ideal for everyday living and entertaining. The spacious kitchen overlooks the dining area and living room, featuring abundant cabinetry and a beautiful brick accent fireplace creating a warm focal point. The private primary suite is conveniently located downstairs and offers a relaxing ensuite bath with dual sinks, soaking tub, separate shower, and spacious walk-in closet. A front office with French doors provides the perfect work-from-home space, while the downstairs half bath is ideal for guests. Upstairs offers three bedrooms, two full bathrooms, and a versatile game room, with one secondary bedroom featuring its own ensuite bath. Enjoy the outdoors from the extended back patio while taking in the peaceful greenbelt setting. Canyon Falls is a 1,242-acre master-planned community featuring over 400 acres of parks, open space, and recreational amenities. Explore more than 10 miles of hiking and biking trails, including trails directly behind the home that wind along Graham Branch Creek, the natural centerpiece of the community. Residents enjoy two resort-style pools, splash pad, fitness center, clubhouse, dog park, playgrounds, and ponds for catch-and-release fishing. Located in highly acclaimed Argyle ISD, ranked the #1 school district in Denton County, this home offers the perfect combination of top-rated schools, incredible amenities, and peaceful living in one of North Texas' premier communities.

Investor Tools

$290,214Estimated Mortgage Balance
$281,587Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,420 /month
Positive
Cash Flow Estimate:
$1,140 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,259/month
$608/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,256
$538,352
2025
$96,000
$442,352
$538,352
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,256
$538,352

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jmac Lending Inc
Conventional
$328,000
No
First
Jun 8, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$290,214
$299,786
50%
51%
$1,967/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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3700 Water Mill Way | Property Details | No Agent List