• Real Estate Deal of the Day January 20, 2020

    Real Estate Deal of the Day January 20, 2020

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

    MLS Deal Property

    5838 Wellesley Avenue, Fort Worth, Texas 76107

    List Price: $130,000
    Bed/Bath/Pool/Stories: 3/2.1/0/1

    MLS Deal Finder Estimated Value:                            $245,216
    MLS Deal Finder Estimated Discount:                      $115,216
    MLS Deal Finder Estimated Discount%:                   46.99%

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    Real Estate Deal of the Day January 20, 2020

    [Video Transcription]

    This is Real Estate IQ’s Deal of the Day. And today we have found an awesome deal for you, in the DFW market.

    Welcome everyone to Real Estate IQ's Deal of the Day. Our Deal today for Dallas Fort-Worth Metro would be at 5838 Wellesley Avenue, Fort-Worth, Texas with a zip code of 76107. Using our software, let's look into the details of our subject property. 

    Now, if you have a pen and paper ready, the MLS number for our Deal today would be 14143330. We're looking at a big discount index percentage of 46.99% or if we convert them into dollars or gross discount of $115,216. The listing price for our Deal today in Wellesley Avenue is $130,000, worth about $245,216, list price per square foot is $86.55, and its estimated price per square foot is $163.26. We're looking at a three beds, two and a half baths residential property built in the year 1947, and with a square feet of 1502.

    Now based on the public remarks of the listing agent, it says here that it has a double lot on the corner and has a great opportunity in Como.

    So you can see here, we have the agent's name which is Clinton Gober and his phone number at (972)-979-8654. Now let's look into the sold comps of our subject property. The system uses a half a mile radius search. These are all current and recent activity listings, which means to say we're looking at a live and sold listings for the last four months.

    So let's take a quick look here with our subject property. Here is our map and let's bring our little guide here. So here's our Deal of the Day and its neighborhood, the one with the yellow star.

    Now let's look into the table design that we have with Real Estate IQ's software. So on the left, the one in the yellow star is our subject comp and the ones in blue are the best comps we have in the market. If you can see, the system will be the one to provide you the best comps with priority to the property type, price per square foot, distance, and recency.

    As you can see here, this was sold 61 days ago, comp number two was sold less than three months ago, this is for 45 days, and this one here is for 121. If you look at the price per square foot for the sold comps, our subject property or Deal today is at $86.55, the sold comps show for $103.85, $178.47, $156.15, and we also have here for $214.57. The system can offer is that, it would help you pick from apples to apples, just to make sure that we are giving you the right comps and the best comparisons for your Subject Deals.

    These are the details of the design, the MLS number, and the list of remarks of the sold comps. I'll give you guys a few seconds to look here.

    Alright, so let's take a look at the pictures and what's inside our subject property. This place definitely needs some updating and cleaning. So with these pictures, I know you already have an impression of what kind of Deal what you're getting into. This is a gold mine here. Now let's check the pictures of the other houses we have in the market. So this is for comp number one. You have a nice update on the place; wooden floors. Let's check comp number two; nice place.

    So going back to our Deal of the Day, its listing price is $430,000, and it's worth about $245,216. We are looking at a very good discount percentage of 46.99% or if you convert it into dollars, that's going to be $115,216. The rental index here is above average for 1.37, and the suggested monthly lease would be at $1,777.

    Alright! So don't forget, this is our Deals of the Day. Happy Deal Finding, everyone and take care!

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