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$1,381,000

NAL Estimated Property Value

1501 Verano Dr, Dallas, TX, 75218

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths4,113 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$339.17 / sqft
Year BuiltBuilt in 1942

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Gas Oven, Gas Water Heater, Ice Maker, Microwave, Tankless Water Heater, Vented Exhaust Fan, Washer, Wine Cooler
FlooringHardwood, Wood, Stone

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size23,905 sqft

Building Information

Year Built1942
Stories2
Roof Type105
Garage Spaces4

Land Information

APN00000374926000000
SubdivisionCasa Linda Estates
Land UseResidential
Legal DescriptionCASA LINDA ESTATES BLK 7/5327 LOT 5 INT201100207687 DD08042011 CO-DC 5327 007 00500 3005327 007
Census Tract008200
Assessment Year2025

About this property

This quintessential Casa Linda Estates residence captures the neighborhood's defining charm and character, situated on a sprawling .55-acre lot with professionally landscaped gardens and mature trees. Two magnificent Live Oak trees serve as the front yard's centerpiece, framing an unassuming red brick colonial-style home enhanced by Japanese Maples and a flagstone patio. Extensive updates completed over the past 15 years include a renovated kitchen, a garage converted into a spacious family room, hardwood flooring and updated lighting throughout most of the home, and an approximately 350 sq ft cabana. Cabana serves as a home office or pool entertaining area offering a kitchenette, full bathroom, and a double-sided fireplace, with a dedicated gardening area located just behind it. Outdoor highlights include a custom pool and a basketball court. Recent mechanical and exterior updates include a roof replacement, tankless hot water heater, updated upstairs windows, wood fence surrounding the property, and 2024 indoor pool equipment. An automatic gate, a four-car carport, and additional side parking make this an ideal setting for multigenerational living. Located in coveted East Dallas just a stone's throw from the Dallas Arboretum and White Rock Lake, minutes from downtown Dallas.

Investor Tools

Property Icon
$1,381,000
Estimated Property Value
$1,876,661Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,370 /month
Positive
Cash Flow Estimate:
$2,790 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,674/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,184
$804,440
2025
N/A
N/A
$804,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$13,184
$804,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Credit Line (Revolving) / Heloc
$797,463
No
First
Jan 9, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,876,661
N/A
0%
136%
$13,738/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$13,738/mo
$-11,028/mo
2.4%

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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1501 Verano Dr | Property Details | No Agent List