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Update: This property just sold since the recording was made.
List Price: $210,000
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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.
Hi, good morning and welcome to Real Estate IQ's Deal of the Day for Dallas Fort Worth Metro. Our Deal today would be at 12401 Stroup Drive, Fort Worth, Texas 76126. MLS number for Deal today is 14268636.
We're looking at three beds, two baths, one-story residential property built in the year 2018, with square feet of 2118. Current listing price for our Deal today's at $210,000, ARV or the estimated price at $320,628. We're looking at a very big difference gross discount of $110,628, and with a discount index of 34.50%. So I'm going to give you guys a few seconds to copy the agent's name, Don Lawyer, and his phone number, as well as the list of remarks.
It says here: Investor special! This house is being offered 100K under value. The house is in need of repairs to flooring and drywall. House built in the year 2018 by Cheldan Homes and Zoned for Aledo ISD. Front Study has a closet and could be a 4th bedroom, open concept floor plan. Gran perla granite countertops in the kitchen with stainless steel appliances. Home is being sold as is and needs repairs that are factored into sales price.
Alright! Now let's take a look at the pictures of our subject property here. So using Real Estate IQ's software or MLS deal finder, we could check the pictures and see what's out there inside.
Now again, using Real Estate IQ's software we have 16 sold comps in the market, and these are based on a half a mile radius search. The ones in blue are the best comps out of 16. So we have five out of 16 and these are all based with priority to property type, price per square foot, distance, and recency.
The one in yellow is our subject property Deal of the Day. The ones in blue are our best sold comp. If we do a side by side comparison, like what you see from apples to apples, it would show here that the price per square foot or subject comp would be at $99.15. However, for sold comps number four, five, six, we have it for $158.34, $162.22, and $150.41. Also, don't forget to compare the listing price of the property which is at $210,000. On the other hand, for sold comps, we have $301,000, $365,000, and $327,000. We're looking at a very good deal. I'll give you guys a few seconds to do a side by side review on the specifics of the properties.
Alright, going back to the investment summary, the listing price is $210,000, and the estimated price or the ARV is $320,629. So we're looking at a gross discount of $110,628. Don't forget to factor in the repair cost and subtract that amount to this figure here. That way, you would realize how much potential we're looking at this property.
So always do your diligence in Deal Finding. Have a great weekend, everyone and you guys take care! Bye bye!
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