This is the 803rd most frequent Russian word.
находиться
"Находиться" means "to be located" or "to be situated."
The word 'находиться' is used here to mean 'to be located', indicating the position or location of the speaker's house.
Мой дом находится в центре города.
My house is located in the city center.
In this sentence, 'находиться' is used in its participial form 'находясь', representing a state or process happening concurrently with the action.
Находясь в парке, я часто замечаю редкие виды птиц.
While being in the park, I often observe rare bird species.
Here, 'находиться' describes a state of being or condition, specifically someone being in solitude.