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$524,900

12231 Veronica Rd, Farmers Branch, TX, 75234

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,331 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$225.18 / sqft
Year BuiltBuilt in 1963

Property Lead Type:

BankruptcyPre-ForeclosureAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Gas Water Heater

Exterior

Lot Size17,098 sqft

Building Information

Year Built1963
Stories1
Roof Type105
Garage Spaces2

Land Information

APN24053500020060000
Lot Number6
SubdivisionCrestbrook
Land UseResidential
Legal DescriptionCRESTBROOK ESTATES BLK 2 LOT 6 INT201200129279 DD04302012 CO-DC 0535000200600 2CF05350002
Census Tract014001
Assessed Land Value$180,000
Assessed Improvement Value$293,400
Assessment Year2025

About this property

Welcome to your dream home! This meticulously remodeled residence is designed for modern living, offering a blend of elegance and comfort. Nestled on a generous 206 ft deep lot adorned with towering trees, this property provides a serene retreat from the hustle and bustle. Step inside to discover the inviting living area featuring beautiful hardwood floors that flow seamlessly throughout. The formal dining room is a showstopper, perfect for hosting gatherings with ample space for a banquet-sized table. The heart of the home is the step-down living area, designed for effortless entertaining and an open flow that invites connection. The gourmet kitchen boasts new dark-stained cabinets, porcelain flooring, stunning granite countertops, and a stylish tile backsplash. Enjoy cooking with the best—gas cooking, stainless steel appliances, all illuminated by over and under counter lighting. Both bathrooms have been completely updated, reflecting contemporary design and functionality. Enjoy peace of mind with all-new windows throughout the home, a replaced water heater, new AC. Outside, the large backyard is a key selling point, offering a perfect space for relaxation and outdoor activities. A newly installed fence provides privacy, and a brand-new roof (2023) adds to the home’s appeal. This home is truly a sanctuary where every detail has been lovingly considered. Don’t miss your chance to make it yours!

Investor Tools

Property Icon
$566,000
Estimated Property Value
$143,500Estimated Mortgage Balance
$555,241Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,396 /month
Positive
Cash Flow Estimate:
$1,132 /month

Interested in this property?

Kim Luu

Luu and Associates

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$544/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,702
$473,400
2025
$180,000
$293,400
$473,400
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,702
$473,400

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cathay Bank
Conventional
$143,500
No
First
Apr 30, 2012
May 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$10,759
$555,241
98%
2%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,600/mo
N/A
+$2,600/mo
5.5%

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.

Explore Texas Explore This Area
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: Farmers Branch

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