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Update: This property just sold since the recording was made.
List Price: $79,900
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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 and welcome to our Houston Metros Deal of the Day. And today we're looking at this property at 423 Center Street, Pasadena, Texas 77506.
So based on our subject property, it's currently listed at $79,900, with estimated price or today's worth in the market at $151,674, list price per square foot at $57.81, and it gives us an estimated price per square foot at $109.75. If you can see, it was listed last December 01, 2019. We're looking at a one-story property with three beds, one full bath, one car garage, built in 1940. It has a total square feet of 1382. So you have this neighborhood subdivision and schools at Pasadena Outlet 99 with MLS information here, as well as the listing agent's name and phone number. If you can see the public remark or personally noted by the listing agent, JP, "Property is located on a large corner lot with lots of trees at the corner of Center and Jackson street. Three bedrooms, one bath, hardwood floors. Has large living area in the back, built-in cabinets and bookcases. Let's go ahead and check our subject property. Of course, we do need some renovations done, especially on the exterior part of your natural building of our property, as well as the base here that needs some renovation.
When you look at the inside, you will need to take off all those tiled flooring and fix those kitchen cabinets. There's your hardwood flooring ready for you. Just needs little touches. This is your own cabinets. Also, needs to repaint the walls and do quick touches on those cabinets. Now, here is your bathroom. It is noted that it's one full bath. So you might want to check on this tiled bathroom here.
So let's now let's take a look at the sold comps of our subject property. We have three sold comps at 411 Center Street that gives you a price per square foot of $103.55, with 0.06 distance or miles from our subject property, and 169 recency days. Looking at the physical characteristics of our three sold comps, they all have three beds, the first one gives you one bed, and the other two have two beds.
Second sold comps is at 606 Willow Street, with $105.55, price per square foot at 0.40 miles from or subject property, and was just recently sold 47 days ago.
Our last comp is 606 Em Avenue, $120.15, with 0.35 miles from or subject property, and 109 recency days. When you click on this button, you will see the information of your subject property. You can carefully choose of what's ideal on comps for you. However, the three selected sold comps are the best sold comps as per after repair value per distance. Now let's take a look at these figures or data. The asking or offer price is at $79,900, gives you an estimated price at $151,674.
So based on the information, we can say that it is best for flipping and wholesaling. IQ or gross discount of $71,774, with 1.55 rental index score.
And of course, you have your map view here. Where the yellow stars at, that is where your subject property is currently situated. The blue circles are your pre-selected comps, and the yellow ones are the other sold comps. You can just drag and drop Google man. It is powered by Google Maps. You'll be able to see the neighborhood or the street view. And there is your subject property. So you can just move over your mouse left and right, zoom in and zoom out. That's it for our Deal of the Day. As always, thanks for tuning in. Happy Deal Finding, everyone!
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