• Real Estate Deal of the Day January 16, 2020

    Real Estate Deal of the Day January 16, 2020

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

    MLS Deal Property

    5206 Long Creek Lane, Houston, Texas 77088

    List Price: $124,900
    Bed/Bath/Pool/Stories: 4/2.1/0/2

    MLS Deal Finder Estimated Value:                            $224,703
    MLS Deal Finder Estimated Discount:                      $99,803
    MLS Deal Finder Estimated Discount%:                   44.42%

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    Real Estate Deal of the Day January 16, 2020

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found a fabulous deal for you, in the Houston market.

    Hello, everyone! Welcome to our Houston Metros Deal of the Day. And today, we're looking at this huge property situated in a huge lot of 5206 Long Creek Lane, Houston, TX 77088.

    For today's subject property, it's currently listed $124,900, with an estimated price of $224,703, list price per square foot of $52.22, and with an estimated price per square foot at $94.49. Now if you can see, this was just recently listed last 6th of January this year.

    We're looking at a two-story property with 4 beds, 2 and a half baths, 2 car garages, and 1 fireplace property built in 1973. It has a total square feet of 2378. You have here your neighborhood, subdivision, and schools at Inwood Forest Section 11, Aldine, Hoffman Middle School, and Essenhower High School.

    MLS information, you have here your MLS number, listing agent's name and phone number. Looking at the public remark which is personally noted by the listing agent, Michelle Jones, "It is a great opportunity to start anew. Large traditional 4 beds, 2 and a half baths, and has a floor plan, sitting on a large lot in the Inwood subdivision.

    Let's take a look at our subject property here. Looking at the exterior, it might need some minor touches just on the outside here on the brick walls. There are walls on the first floor that have to be repainted and fixed, as well as the carpet. By the way, all four bedrooms are on the second floor of our property. Here are your kitchen cabinets, as well as some brick walls and ceilings, that need to be replaced. Also, the entire flooring , carpet, and cabinets need to be replaced.

    Looking at the pre-selected sold comps, you have here the first, second, and third pre-selected sold comp. Our first one at $84.75 price per square foot, with 48 recency days, and 0.38 miles from our subject property. Second one at $99.85, 0.31 miles from our subject property, 77 recency days. Also, the third pre-selected sold comp is at $98.97, 0.41 so that's almost half mile, and at 175 recency days. The last pre-selected sold comp is $94.41 price per square foot, 0.26 miles from our subject property, and 52 recency days.

    So if you want to see the information of the rest of our pre-selected sold comps, you can just click on this MLS button here. So you have the information, the public remarks noted by the listing agents themselves, listing agent's information and phone number. We can also take a look at the photos of our pre-selected sold comps.

    If you can see, all of our pre-selected sold comps have huge lots. You can either have it in a hardwood laminated flooring. This one's a tiled flooring. You will have really nice opportunities from our sold comps and subject property. So if you can see, it has a $124,900 asking list price. It gives you today's worth or estimated value in the market at $224,704. That gives you a huge IQ discount percentage of 44.42%. We can say that our subject property is good for either flipping or wholesaling. It also gives you an IQ discount percentage or gross discount of $99,803. Looking at the rental index score at 1.37, it is also good for buy and hold. It gives you a suggested monthly lease of $1,710.

    So, looking here at the map view, you have here your pre-selected sold comps the ones that are in blue circles, the gray ones are other other sold comps, and the yellow star is where your subject property is currently situated. You can just drag and drop the Google man where the yellow star's at, and you'll be able to see your neighborhood, as well as your street view. So here is where your subject property's. currently situated. You can just hover your mouse, so you'll be able to see the entire neighborhood and our subject property.

    So what are we waiting for? We wouldn't want to miss this opportunity! You might also want to check the other 9 comp. So again, as always, thanks for tuning in! Happy Deal Finding, everyone!

    Okay, I wanna bring your attention to our webinars. What happens is, if you're into real estate deal finding analysis or marketing, or how to grow your business in general. We have a lot of webinars that we have created for you. And you can watch those live by simply following the link below, and register for one of the topics that may interest you. Please enjoy them.

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