• Real Estate Deal of the Day February 14, 2020

    Real Estate Deal of the Day February 14, 2020

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

    MLS Deal Property

    6100 Bullard Drive, Austin, TX 78757

    List Price: $400,000
    Bed/Bath/Pool/Stories: 3/ 3.0/0/1

    MLS Deal Finder Estimated Value:                            $575,354
    MLS Deal Finder Estimated Discount:                      $175,354
    MLS Deal Finder Estimated Discount%:                   30.48%

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    Real Estate Deal of the Day February 14, 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 is Austin deal of the day and our subject property for today is at 6100 Bullard Drive, Austin, TX 78757. Looking at the details of this property, it is currently listed at $400,000 and worth about $575,354.

    It has a list price per square foot of $236.83. But based on the comps in the area, it's estimated price per square foot is $340.65. This two-story property has three bedrooms, three bathrooms, two garages and was built in 1963 with 1600 square feet.

    So taking a look at the map; so the one with the yellow star is our subject property. We can zoom it in and grab this little yellow guy for our subject. Alright, the one with the yellow star; that is our subject property. And it could do a press to check as well the neighborhood. Alright!

    So the system found 13 sold comps. But it selected three that's purely based on the price per square foot, the distance recency and the subdivision. So there's a bit of a gap between the subject properties, price per square foot and the selected distance are only half mile. And pretty good recency all or below 180 days. So let's take a look at the photos. So here are the photos of our subject property. It will give us an idea as well if there's a need to fix or how much work needs to be done for specific property. Alright we’ve got wood cabinets.

    Alright, so those are the photos of the subject property. Now here are the photos of the comps selected. Checking on first comp, its good. It will help us identify as well if there's a need for us to remodel the property for it to be sold. It’s a loadful of comps, wooden cabinets, round countertops. Its good!

    Alright, so those are the of photos of our first comp. Now, let's check the photos of the second comp so we only have a few. Right, it's pretty neat. Alright, so those are the photos of our second selected comp. Now let’s take a look at the photos of our last comp selected. Alright, good lighting fixtures, countertops.

    Alright, so those are the photos of the comps that we have. So based on the three selected comps, we are getting an estimated price for after repair value of $575,354.

    So from its list price we are getting an IQ discount of $175,354 so that's 30.48% IQ discount. We're also getting a rental index of 0.73 and a monthly lease of $2,900.

    So this property could be good for fix and flip strategy based on the discount we have.

    If you're looking into joining a company about to hit its hyper-growth stage and experience the explosive growth. We are hiring! We're looking for brilliant people with strong leadership skills that will also fit in our culture to help us take this company to the next level. If you are that person, if you think you are that person, we will love to talk to you. Fill out the application below and we look forward to speaking with you.

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