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$1,250,000

62 Falls Creek Circle, Gainesville, TX, 76240

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,900 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$657.89 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Convection Oven, Refrigerator, Vented Exhaust Fan, Warming Drawer
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesBalcony, Boat Slip, Dock, Rain Gutters
Lot Size12,175 sqft

Building Information

Year Built2000
Roof Type112
Garage Spaces1

Land Information

APN15326
Lot Number8
SubdivisionMoss Lake Est
Land UseResidential
Legal DescriptionMOSS LAKE EST; LOT 8; SEC C
Census Tract000200
Assessed Land Value$267,468
Assessed Improvement Value$361,708
Assessment Year2025

About this property

Stunningly renovated 3-bedroom, 3-bath home, perfectly situated to offer breathtaking views of Moss Lake. The gourmet kitchen boasts high-end GE Café Professional Series appliances, custom True beverage fridge, quartz countertops along the massive island, and custom cabinets with ample storage space. The open floor plan connects the kitchen to the family room and dining areas, creating a seamless flow and making it an ideal space for entertaining. The large windows frame the captivating lake view, flooding the home with natural light. The expansive backyard provides ample space for outdoor activities and relaxation on any of the multiple decks. Enjoy your morning coffee on the covered patio of either floor while taking in the beauty of the lake. A major highlight of this property is the large covered 2-slip boat dock on DEEP WATER, complete with lifts and an enclosed storage closet. Don't miss out on the chance to make this exceptional property yours. Offering fully furnished!

Investor Tools

Property Icon
$834,000
Estimated Property Value
$0Estimated Mortgage Balance
$0Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,500 /month
Positive
Cash Flow Estimate:
$2,500 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$934/month
$300/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,035
$629,176
2025
$267,468
$361,708
$629,176
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$7,035
$629,176

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Conventional
$930,000
No
First
Sep 25, 2024
Oct 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$902,335
N/A
0%
108%
$5,576/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
$5,876/mo
$-4,456/mo
2.0%

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: Gainesville

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62 Falls Creek Circle | Property Details | No Agent List