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Update: This property just sold since the recording was made.
List Price: $369,900
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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 16756 Marsala Springs Dr., 78681.
Looking at the details of this property, it's currently listed at $369,900, worth about $543,937, and has a list price per square foot of $80.60. But based on the comps in the area, its estimated price per square foot is $117.74.
This two-story property has a fireplace with five bedrooms, five bathrooms, two garages, three carports, and was built in 2000 with 4620 square feet.
We can also take a look at the map. The one with the yellow star is our subject property. We can also zoom in and grab this little yellow guy on the map. This is a good tool as well for us to check the neighborhood. The one with the yellow star is our subject property that we can move a bit.
Alright, so here's our subject property. So let's take a look at the five sold comps, but the system selected three based on the price per square foot, distance, recency, and the subdivision. There's a bit of a gap between the subject property's price per square foot and comp selected. All are in pretty good distance that are within a quarter mile, recency, and all are located in the same subdivision. So let's take a look at the few photos that we have.
Now let's take a look at the photos of our comps. Here are the two pictures of our first selected comp. Hardwood floor, slightly renovated, and wooden cabinets. Here are the photos of our second pre-selected comp. Looks stylish, marble countertops, and wooden cabinets. Now, here are the pictures of our third selected comps. It looks nice. It has a hardwood floor, and granite countertops.
Alright, so those are the photos of our comps. Based on the three Selected comps, we're getting an estimated price or after repair value of $543,938. Coming from our list price, we're getting an IQ discount of $174,037 or that's 32% discount.
So this opportunity could be good for fix and flip strategy. So that ends the Deal of the Day video for today. Happy Deal Finding, everyone!
So if you want to learn more about what a good real estate deal looks like, make sure you come to our monthly training. Every month we are throwing several events in each metropolitan area near you. Make sure you follow the link below to register. Basically what we do at the event is that you know, we will show you how to analyze deals and how to find deals and most importantly what's really cool is that we use the system to find a good real estate investment deals that you can bring home and do more homework on. And so make sure you come to these deal finding training. It's gonna be a really good educational event for you. Also, there are all kinds of networking opportunity at the events as well. So we look forward to seeing you there.
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