• Real Estate Deal of the Day – March 23, 2020

    Real Estate Deal of the Day March 23, 2020

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

    MLS Deal Property

    3904 Redstem Court, Dickinson, Texas 77539

    List Price: $90,250
    Bed/Bath/Pool/Stories: 3/2.1/0/1

    MLS Deal Finder Estimated Value:                            $149,097
    MLS Deal Finder Estimated Discount:                      $58,847
    MLS Deal Finder Estimated Discount%:                   39.47%

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    Real Estate Deal of the Day March 23, 2020

    [Video Transcription]

    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, everyone. Welcome again to another Houston Metro's Deal of the day. And today, we're looking at this property at 3904 Redstem Court, Dickinson, TX 77539.

     

    Now, looking at the details of our property, it is currently listed for $90,250, worth an estimated price of 149,097, list price per square foot at $71.86, and estimated price per square foot of $118.71. This was listed last 12th of January, just this year on the original list price was at 95,000. Looking at the basic physical characteristics of a property, it is a one-story with three bedrooms, two and a half baths, two car garages built in 1982, with a total square feet of 1256.

     

    Looking at the neighborhood, subdivision, and schools at Briar Glen Section 1, Phase 2: Dickinson Elementary Hughes Road, John and Shamarion Barber Middle School, and Dickinson High School. MLS information: MLS number, listing agent's name, phone number, and public remark, which is personally noted by the listing agent, John himself.

     

    Let's go ahead and take a look at our subject property. Here's the exterior part. That's the interior: high ceilings, tiled flooring does need some renovations. Here is your kitchen area with white kitchen cabinets, need some repainting on the walls, as well as the ceilings. and the flooring. Here is your toilet and baths. Our subject property does need some serious renovation. 

     

    You also have here some photos of your selected sold comps. Our first sold comp has one fireplace, just like our subject property. Tiled flooring, high ceiling, white kitchen cabinets, granite countertop, and living area. The other pre-selected sold comp here has granite countertops for the kitchen, laminated hardwood flooring, and white wooden kitchen cabinets.

     

    So let's take a look at the value of our subject property. So again, we have selected 2 sold comps. The first one at 5521 Winding Brock, price per square foot at $104.48, 0.20 miles from our subject property, and only 31 recency days. Your second sold comp at 5423 Bramble Lane, $132.94 price per square foot, 0.13 miles from our subject property, and 120 recency days.

     

    So of course, down here is your MLS information of your sold comps, as well with the listing agent's names and phone numbers. Now let's take a look at the map view. Where the yellow star is, that is where our subject property is currently situated. The blue circles are your selected sold comps. You can zoom it in, drag, and drop the google man for you to have a closer look.

     

    This property here that we have selected for our Deal today has one active comp and has five leases comps gives you 1.57 or rental index score and an IQ discount of 39.47%, gives you a gross discount of about $58,847. So with your asking or offer price of $90,250 estimated price $149,098, and 39.47% IQ discount percentage. Just telling you, our median is 25 and this property here is best for flipping or wholesaling. It also gives you a monthly or suggested monthly lease of about $1,418. So this is quite a catch for our Deal of the Day that we surely don't want to miss.

     

    And again, that's it for our Deal of the Day. As always, thank you for tuning in and stay safe!

     

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