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Update: This property just sold since the recording was made.
List Price: $200,000
Bed/Bath/Pool/Stories: 3/ 2.1/0/2
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This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.
Welcome everyone to Real Estate IQ's Deal of the Day for Dallas Forth Worth Metro. MLS number would be 14264521, at 4006 Tropic Lane Rowlette, Texas 75088. It has a list price per square foot of $200,000, worth about $305,105, estimated price per square foot is $121.80 and list price per square foot is $79.84.
We're looking at a very good discount percentage of 34.45% and if we convert that into dollars, there will be a gross discount of $105,905. We're looking at here are three beds, two and a half baths, two garages residential property built in a year 1990 with a square feet of 2505.
So going back, listing price is $200,00 and the ARV is $305,106. Gross discount or difference of an ARV of $105,105. With the Real Estate IQ's software, we have found 22 comps in the market and out of 22, we have selected 4. These are all based on priority type, price per square foot, distance, and the recency.
Alright, for Deal of the Day, price per square foot is at $79.84. Sold comp number 19: price per square foot is $135.91, distance is 0.44, recency is 21 days. Second comp would be at 4005 Ridgecrest Avenue Drive. Price per square foot at $113.50, distance would be 0.34 miles, recency days is 59. Our last comp would be at 7613 Bayhill Drive, price per square foot at $110.61, distance is 0.33 miles, and recency days is 121.
Alright, so going back with the investment summary, we're looking at a very good deal or an ARV of $305,106, asking price or offer price of $200,000 or a gross discount of 34.45%.
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