• Real Estate Deal of the Day December 2, 2019

    Real Estate Deal of the Day December 2, 2019

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

    MLS Deal Property

    2522 Little Creek Drive, Richardson, Texas 75080

    List Price: $358,000
    Bed/Bath/Pool/Stories: 5/3.0/0/2

    MLS Deal Finder Estimated Value:                            $468,432
    MLS Deal Finder Estimated Discount:                      $110,432
    MLS Deal Finder Estimated Discount%:                   23.57%

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    Real Estate Deal of the Day December 2, 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.

    Good morning, everyone! Welcome to Real Estate IQ's Deal of the Day for Dallas, Fort Worth Metro. So our deal today would be at 2522 Little Creek Drive, Richardson, Texas. Zip code is 75080. We're looking at a five bedrooms, three bathrooms, two-story residential property, with a square feet of 2513, and the MLS number for Deal of the Day is 14214009. Using our system with Real Estate IQ's software, would also have the agent's name and phone number. I'll give everyone a few seconds to read the public remarks of the listing agent. Alright, now let's look into the investment summary of our property here. So the list price is $358,000, and it's worth about or the ARV is $468,432, the list price per square foot is $142.46, and the estimated price per square foot is $186.40. We're looking at a very good discount index percentage of 23.57% or across discount amount potential of $110,432. Now let's look into the comps in the neighborhood. So we have nine comps in the market, and we're looking at a recency of the past 120 days. We're looking at the active and current comps in the market. Let's try to zoom in closer to our subject comp. Here's our Deal of the Day at 2522 Little Creek Drive. Looking at the map here, The other comps are not spread out a bit far; it's closer. We're looking at a mile radius of half a mile search.

    Let's take a look at our columns here. So the price per square foot is $142.46 for Deal of the Day. Column number one shows for $214.74 and was sold 92 days ago. It took 94 days for this to be sold in the market. We're looking at a list of being sold price for comfortable one for $510,000. We have several comps in the neighborhood using Real Estate IQ's software. We have number five, and number seven. So we have $198.45 price per square foot. This one shows for $146.03, and this was sold 113 days ago, this one for 99 days ago. Let's check here. This was sold for $562,000 compared to $375,000. So given the numbers that we have with the comps here, we're looking at a very good discount percentage and potential of a $110,432. Let's look at the pictures here. We only have one picture for our Deal today for the listing agents. You can see that it's the one at the front. Let's look into the other comps here. We're looking at the sold comps in the market. 

    This one here is the closest to our Deal of the Day. Pretty decent condition.

    And lastly, comp number seven.

    Alright, so going back, you're looking at a very good discount percentage of 23.57% or a gross discount amount of our $110,432. Happy Deal Finding, everyone! Don't forget to always do your diligence of looking out for Deals. You can always use Real Estate IQ's Fast CMA to help you find the best comps in the market. Take care and enjoy your weekend. Have a nice day!

     

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