• Real Estate Deal of the Day January 10, 2020

    Real Estate Deal of the Day January 10, 2019

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

    MLS Deal Property

    1008 Bluff Drive, Round Rock, Texas 78681

    List Price: $249,900
    Bed/Bath/Pool/Stories: 4/2.0/0/1

    MLS Deal Finder Estimated Value:                            $393,365
    MLS Deal Finder Estimated Discount:                      $143,465
    MLS Deal Finder Estimated Discount%:                   36.47%

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    Real Estate Deal of the Day January 10, 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 1008 Bluff Drive, Texas 787681.

    Looking at the details of this property, it's currently listed at $249,900, worth about $393,365, and it has a list price per square foot of $107.53. But based on the comps in the area, it's listed at $169.26 price per square foot. So this one-story property has four bedrooms, two bathrooms, two garages as well. This was built in 1976 with 2300 square feet.

    Now we can also take a look at the map. So the one with the yellow star, that is where our property. We can zoom it in and grab this little yellow little guy. This is a good tool as well for us to check the neighborhood.

    Alright, the one with the yellow star once again, is our subject property. And we can also take a look at the comps. There are 13 sold comps found. These are pre-selected based on the price per square foot, distance, recency, at subdivision. When it comes to price per square foot, there is a bit of a gap. So we can scroll to the right for more comps selected. There's a gap between the price per square foot. They have really good distance, as well as recency.

    So, we only have one photo of our subject property, but you can also check the photos of the comps found. So here are the photos of our first selected comp. It has pretty good entrance, hardwood floor, has a fireplace, tiling splashback, wooden cabinets, and stainless steel appliances.

    So here are the photos of our first selected comp. It has pretty good entrance, hardwood floor, has a fireplace, tiling splashback, wooden cabinets, and stainless steel appliances.

    Let's now check the photos of our second selected comp. It is a newly renovated property that has stainless steel appliances. Pretty much the same features with the first comp.

    Let's check the photos for our third comp. We only have a few. 

    Based on the comps selected, that give us an estimated price or an after repair value of $393,365, coming from our list price or offer price of $249,900. We're getting an IQ discount of $143,465 or 36.47%. We're also getting rental index of 0.8 or a monthly lease of $1,989. So with the photos that you've seen, you might be interested in making some remodeling once you take a look more on the details of the property. It could be good for a fix and flip strategy.

    Alright, that ends our Deal of the Day. Happy Deal Finding, everyone!

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