• Real Estate Deal of the Day April 10, 2019

    Real Estate Deal of the Day April 10, 2019

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    Update: This property just sold since the recording was made.

    MLS Deal Property

    11517 Mid Surrey Ct, Dallas, TX 75229

    List Price: $289,900
    Bed/Bath/Pool/Stories: 4/3.0/0/1

    MLS Deal Finder Estimated Value:                          $489,523
    MLS Deal Finder Estimated Discount:                      $199,622
    MLS Deal Finder Estimated Discount%:                   33.78%

    *Based on CMA: ARV-Subdivision

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    Real Estate Deal of the Day April 10, 2019

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.

    Hello Everyone, today is DFW Deal of the Day. And our subject property is at 11517 Mid Surrey Court Dallas Texas 75229. So, checking on the details of this property, it’s list price is $289,900 and worth about $437,799. It has a list price per square footage of $126.82 and based on the comps, it’s estimated price per square footage is $191.51. So this has 4 bedrooms, 3 bathrooms, 2 garages and 1 fireplace. Built in 1959, with 2286 square feet. So let’s take a look at the map so that we can also check the neighborhood. So we can grab this little guy over here. Alright, let’s check. Let’s take a look at the property. Yeah, this is our subject property, and there are a lot of rehab activities going on in the area. And this is just walking distance to Park Forest. So this is how it looks like. This is the neighborhood. Alright, so note, our asking price or the asking price of this property is 289,900 and based on the sold comps in the area, it gives us an ARV of $489,523. And that gives us a discount of 33.78% or a discount of $199,622. It has also a 0.83 rental index, for a monthly lease of $2,393. We’re getting a lot of comps, but we selected only 3. That’s based on price per square foot, the distance and the recency. So price per square footage, over $200, the same over $200, and the 3 comps we selected are within a quarter mile. Let’s check the other one. Alright, here. And this property was sold just a month ago.

    So let’s check the photos of the properties. So let’s go to our subject property. Alright, so we’re getting a purple door. We’re getting a variety of colors so you might be interested, repainting the interior. Get that purple countertop. Alright, so let’s check the first comp. It has a good lining. Updated, granite countertops. That looks very nice, fully renovated. So the second comp we have, we’re getting a fancy door over here. This looks very nice. It’s a stunning Mid Surrey property and fully renovated as well. And our last comp, so these properties are very nice. Updated kitchen, fully renovated as well. So yeah, you might be interested in making some changes to the interior of our subject property. And this is a good fix and flip opportunity. You might be interested in repainting the interior. So that concludes our deal of the day video. Happy Deal Finding everyone.

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