• Real Estate Deal of the Day January 14, 2020

    Real Estate Deal of the Day January 14, 2020

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

    MLS Deal Property

    9207 Tay Drive, Helotes, Texas 78023

    List Price: $272,500
    Bed/Bath/Pool/Stories: 4/4.0/0/2

    MLS Deal Finder Estimated Value:                            $387,744
    MLS Deal Finder Estimated Discount:                      $115,244
    MLS Deal Finder Estimated Discount%:                   29.72%

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    Real Estate Deal of the Day January 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 San Antonio Deal of the Day. Our subject property for today is at 9207 TAY Dr., Helotes, Texas 78023.

    Looking at the details of our property, it's currently listed at $272,500, coming from its original price of  $279,900, it's worth about $382,526, and has a list price per square foot of $75.53. But based on the comps in the area, its estimated price per square foot is $106.02.

    So we have two-story property that has four bedrooms, four bathrooms, and was built in 2004, with a 3600 square feet. We can also take a look at the map. And the one with a yellow star, that is where our subject property is. You can also zoom in and grab this little yellow guy. Once again, the one with the yellow star is our subject property. It's a good tool as well for us to check the neighborhood.

    We can also check on the comps. So we have a number of comps found, but the system selected three sold comps, and that's based on the price per square foot, distance, recency, and subdivision. So all the sold comps selected are on the same subdivision with a pretty good distance within a quarter mile. There's a bit of a gap between the subject property's price per square foot and the sold comps selected.

    So let's check the photos, so we can see if it's renovated or not. Here are two photos of our subject property. There's a fireplace and wooden cabinets. It seems that it's fully renovated. Those are the photos of our subject property. Now we can also check the photos of our comps. Here are the pictures of our first comp. Shady entrance, wooden cabinets and granite countertops. It has the same features we have from our subject property. Now, here are the photos or second comp. Still located in the same subdivision, has wooden cabinets as well, and beautiful space in the backyard. And here are the photos of our last comp.

    Based on the comps selected, it gives us an estimated price or after repair value of $382,527. Coming from the list price or the offer price of $272,500, we're getting an IQ discount of $110,026, or that's 28.76% discount. Based on the photos that you've seen, you might be interested in doing some remodeling. This property could be good for fix and flip strategy.

    That ends the Deal of the Day video for today. Happy Deal Finding, everyone!

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