• Real Estate Deal of the Day – March 20, 2020

    Real Estate Deal of the Day March 20, 2020

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

    MLS Deal Property

    3811 Wilson Street, Austin, TX 78704

    List Price: $499,000
    Bed/Bath/Pool/Stories: 5/2.0/0/2

    MLS Deal Finder Estimated Value:                            $676,409
    MLS Deal Finder Estimated Discount:                      $177,409
    MLS Deal Finder Estimated Discount%:                   26.23%

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    Real Estate Deal of the Day March 19, 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 is Austin Deal of the Day. Our subject property for today is at 3811 Wilson St., Austin, TX, 78704.

    Looking at the details of this property, it’s currently listed at $499, 000, worth about $676,409, and it has a list price per square foot of $241.06. But based on the comps in the area, its estimated price per square foot is $326.77.

    This two-story property has 5 bedrooms, 2 baths, and 1 garage built in 1961 with 2070 square feet.

    So the system was able to find 4 sold comps in the area but only selected 3. This is based on the price per square foot, distance, and recency. When it comes to price per square foot, there’s a bit of a gap. Pretty good distance within half a mile.

    Let’s take a look at the photos of our subject property. It gives us an idea that our property here is fully renovated. It also has a good space. This can also be a good place for recreational activities as well.

    Now let’s take a look at the photos of our sold comps. Here are the photos of our first comp: it’s already renovated and also has a big space like our subject property. Let’s go now to our second comp: granite countertops.

    So let’s take a look at the map. The one with a yellow star is our subject property. The blue circles are your comps selected. You can zoom it in, grab, and drop the google man for you to take a closer look of our subject property.

    Based on 3 comps selected, we are getting an estimated price or after repair value of $676,410, list price of $499,900. We are getting an IQ discount of $177,409 or a percentage of 26.23%.

    Based on the photos that you’ve seen, you might be interested to do some remodeling for it to be sold in no time. This property could be good for fix and flip strategy.

    Alright! So that ends our Deal of the Day for today. Happy Deal Finding, everyone!

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