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$785,900

1511 Verano Drive, Dallas, TX, 75218

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,707 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$460.4 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Dryer, Tankless Water Heater, Vented Exhaust Fan, Washer
FlooringHardwood, Tile

Exterior

Lot Size19,195 sqft

Building Information

Year Built1945
Stories1
Roof Type105
Garage Spaces2

Land Information

APN00000374932000000
Lot Number7
SubdivisionCasa Linda
Land UseResidential
Legal DescriptionCASA LINDA ESTATES BLK 7/5327 LT 7 INT202300231300 DD11132023 CO-DC 5327 007 00700 3005327 007
Census Tract008200
Assessed Land Value$307,120
Assessed Improvement Value$213,940
Assessment Year2025

About this property

Located in coveted Casa Linda Estates, this delightful cottage has been completely renovated and features a variety of modern updates and unique details. Ideally situated on one of the best blocks in the neighborhood, the home features abundant natural light, courtesy of floor-to-ceiling windows in most rooms. The thoughtfully designed kitchen includes a breakfast bar, open shelving, and an ample supply of cabinets and drawers, complemented by a built-in refrigerator, a 48-inch gas range, a pot filler, a pantry, and convenient access to the backyard. The oversized laundry room, equipped with cabinetry and countertops, also serves as a craft area or butler’s pantry. All major mechanical systems have been thoroughly addressed and updated, including the installation of a 5-ton Trane HVAC system, new ductwork, PVC plumbing beneath the kitchens and bathrooms, updated plumbing fixtures, a tankless water heater, recent gas line, and custom cabinets and lighting throughout. The original hardwood flooring has been beautifully restored, with real hardwoods added in the primary bedroom to match. The primary suite features vaulted ceilings, a walk-in closet, and direct access to the backyard. Set on a generous .44-acre lot, this property offers a tranquil and private setting, surrounded by a wooden fence, providing a blank canvas for your landscaping vision. There is plenty of room for the addition of a detached garage or carport at the back of the lot with access through the alley. Don't miss this precious East Dallas Home just minutes from downtown Dallas and less than a mile from the Dallas Arboretum and White Rock Lake!

Investor Tools

$457,216Estimated Mortgage Balance
$348,784Estimated Equity
43% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,836 /month
Positive
Cash Flow Estimate:
$1,612 /month

Interested in this property?

Kristen Boothe

McBride Boothe Group, LLC

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,303/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,603
$521,060
2025
$307,120
$213,940
$521,060
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,603
$521,060

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Conventional
$479,750
No
First
Nov 13, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$457,216
$348,784
43%
57%
$2,877/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$2,877/mo
$-797/mo
3.1%

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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1511 Verano Drive | Property Details | No Agent List