• Real Estate Deal of the Day – April 24, 2020

    Real Estate Deal of the Day April 24, 2020

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

    MLS Deal Property

    205 Cougar Avenue, Cedar Park, Texas 78613

    List Price: $157,900
    Bed/Bath/Pool/Stories: 2/2.0/0/1

    MLS Deal Finder Estimated Value:                            $239,754
    MLS Deal Finder Estimated Discount:                      $81,854
    MLS Deal Finder Estimated Discount%:                   34.14%

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    Real Estate Deal of the Day April 24, 2020

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we found a fantastic deal for you in the Austin and San Antonio market.

     

    Hello, everyone! Today's Austin Deal of the Day. And our subject property for today is at 205 Cougar Avenue, Cedar Park, Texas, 78613.

     

    Looking at the details of this property, it's currently listed at $157,900, worth about $239,754, and it has a list price per square foot of $126.93. But based on the comps in the area, its estimated price per square foot is $192.73.

     

    This one-story property has two bedrooms, two bathrooms with one car garage, and this was built in 1986, with 1244 square feet.

     

    Alright! The system was able to find six sold comps in the area. We can also take a look at the map. The one with the yellow star, that is our subject property. We can zoom it in and even grab this little yellow guy on the map to give us a full street view. It's very useful if you're familiar with the area. And once again, the one with the yellow star that is the subject property.

     

    Now let's take a look at the comps. So once again, we have six old columns, but the system selected three based on the price per square foot, the distance, recency, and the subdivision, comparing the comps that we selected to the comps that were not. All the three comps selected were sold within six months. They have pretty good distance, and there's a bit of a gap when it comes to the price per square foot.

     

    Let's now check the photos. So we have the photos of our subject property which will give us an idea if it's fully renovated or not. Now let's take a look at the photos of the first first comp selected. It is fully renovated and has granite countertops. Let's take a look at the second comp. It looks good, wooden cabinets, and stainless steel appliances.

     

    Based on the three comps selected, we are getting an estimated price or after repair value of $239,755. So coming from our list price or offer price of $157,900, we are getting an IQ discount of $81,854 or that's 34.14% discount. We're also getting a rental index of 0.86 or a monthly lease of $1,358. So with the photos that you've seen, you might be interested in doing some remodeling for the property to be sold in no time. And this property could also be good for fix and flip strategy.

     

    That ends the Deal of the day video for today and happy Deal Finding, everyone!

     

    Okay, I wanna bring your attention to our webinars. What happens is, if you're into real estate deal finding analysis or marketing, or how to grow your business in general. We have a lot of webinars that we have created for you. And you can watch those live by simply following the link below, and register for one of the topics that may interest you. Please enjoy them.

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