• Real Estate Deal of the Day – March 13, 2020

    Real Estate Deal of the Day March 13, 2020

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

    MLS Deal Property

    1313 Bentwood Road, Austin, TX 78722

    List Price: $499,900
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                            $766,674
    MLS Deal Finder Estimated Discount:                      $266,774
    MLS Deal Finder Estimated Discount%:                   34.80%

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    Real Estate Deal of the Day March 13, 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's Austin Deal of the Day. Our subject property for today's at 1313 Brentwood Road, Austin, TX, 78722.

    Looking at the details of this property, it's currently listed at $499,900, worth about $766,674, price per square foot of $227.23, and estimated price per square foot is $348.49. This one-story property has three bedrooms, two bathrooms with two carports, and two fireplaces as well. This was built in 1948 with 2200 square feet.

    Now let's take a look at the comps. So the system was able to find six sold comps in the area. But it was selected based on the price per square foot, the distance, the recency, and the subdivision. Before checking on the comps, we can also take a look at the map. The one with the yellow star, that is our subject property. We can also grab this little yellow guy on the map.

    Now let's take a look at the comps. When it comes to the price per square foot, there is a bit of a gap for subject property's price per square foot and the comp selected. It has a really good distance, all are within a half mile and were sold six months ago.

    So here are the two photos of the subject property. A bit of a space on the outside, hardwood floor. It also gives us an idea that it needs to be remodeled or how much work that needs to be done. 

    Now let's take a look at the photos of the two comps selected. For the first one: looking good, has a fireplace, granite countertops, ceramic tiles, and wooden cabinets. Now let's take a look at the photos of the second comp: hardwood floor as well and it has the same features with the first one.

    Based on the comps selected, we are getting an estimated price or after repair value of $766,674. From our list price of $499,900, we are getting an IQ discount of $266,774, that's 34.8% discount. So based on the photos that you've seen, you might be interested in doing some remodeling for it to be sold in no time.

    And this property could be good for fix and flip strategy. Alright. So that ends the Deal of the Day video for today, and 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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