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$1,199,000

1402 Verano Dr, Dallas, TX, 75218

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,989 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$401.14 / sqft
Year BuiltBuilt in 1949

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal
FlooringHardwood

Exterior

Lot Size22,847 sqft

Building Information

Year Built1949
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000374833000000
Lot Number8
SubdivisionCasa Linda
Land UseResidential
Legal DescriptionCASA LINDA ESTATES BLK 8/5324 LOT 8 LESS 132.2X5X130 ADJ 7 INT201600120820 DD05022016 CO-DC 5324 008 00800 3005324 008
Census Tract008200
Assessed Land Value$365,550
Assessed Improvement Value$466,050
Assessment Year2025

About this property

Not to be missed! A traditional Casa Linda Estates home on .524 acres beneath towering 70+ year old Oak trees and multiple Japanese maples throughout the property, offering expansive indoor-outdoor living, generous entertaining spaces, and the opportunity to bring your own vision to a substantial East Dallas property minutes from White Rock Lake. Inside, vaulted ceilings, hardwood floors, and walls of glass invite natural light throughout the main living spaces. A dramatic floor-to-ceiling fireplace anchors the great room while maintaining a comfortable flow to the dining and kitchen areas. The kitchen centers around a generous island with abundant prep and gathering space, creating a natural setting for everyday living and entertaining alike. A standout feature is the temperature-controlled wine cellar with capacity for approximately 1,500 bottles, an exceptional amenity for collectors and entertainers. The wine cellar space can easily be converted to a walk-in butler’s pantry with coffee station or wet bar. The spacious primary suite offers a fireplace, tranquil backyard views, a huge walk-in closet with custom shelving, and a large shower that is steam unit ready. 2 additional private bedrooms provide flexibility for guests, office space, study, or additional living needs depending on a buyer’s lifestyle. The grounds are designed for gathering and relaxation, featuring a massive covered outdoor pavilion overlooking terraced lawn space & multiple areas for dining, conversation, and evenings around the fire pit. In 2017, a significant renovation & expansion added approximately 1,000 square feet. Additional system improvements include updated HVAC ductwork, ultraviolet air purification, hot water recirculation, French drain systems, PVC in newer addition, newer water heater. A rare opportunity to enjoy substantial grounds, privacy, and flexible living spaces within one of East Dallas’ established neighborhoods. Enclosed side yard ideal for garden, gaming, hot tub.

Investor Tools

Property Icon
$1,199,000
Estimated Property Value
$358,500Estimated Mortgage Balance
$729,995Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,194 /month
Positive
Cash Flow Estimate:
$2,398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,687/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$14,249
$831,600
2025
$365,550
$466,050
$831,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$14,249
$831,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fidelity Bank
Conventional
$358,500
No
First
Aug 10, 2020
Sep 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$469,005
$729,995
60%
39%
$3,080/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$3,080/mo
$-370/mo
2.7%

Learn About the Market: Opportunity in Dallas

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Explore

Dallas

The largest metro area in Texas, Dallas–Fort Worth blends corporate muscle with suburban sprawl and long-run growth. Anchored by Fortune 500 headquarters, two major airports, and sprawling master-planned communities, the region stretches from Uptown Dallas high-rises to Fort Worth’s historic Stockyards.

DFW is where finance meets freight, tech meets transportation, and new subdivisions seem to rise as quickly as new logistics hubs. It’s a metro defined by scale — in jobs, rooftops, and opportunity.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.8%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$318,600

Unemployment Rate

Unemployment Rate

3.60%

Price Trend

Price Trend

~2–3% YoY growth

New Permits

New Permits

~5,500 units

City: Dallas

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