• Real Estate Deal of the Day November 27, 2019

    Real Estate Deal of the Day November 27, 2019

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

    MLS Deal Property

    6025 Tallie Road, Fort Worth, Texas 76112

    List Price: $93,000
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                            $183,975
    MLS Deal Finder Estimated Discount:                      $90,975
    MLS Deal Finder Estimated Discount%:                   49.45%

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    Real Estate Deal of the Day November 27, 2019

    [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 Deal of the Day. Our Deal for today would be at 6025 Tallie Road, Forth Worth, Texas 76112. Let's look into the details of property. So currently in the market, it's for $93,000, and using our software, we were able to find out the ARV or the estimated price of harden at $184,365. The list price per square foot for this property is at $49.81 cents, and the estimate price per square foot is 98.75. We're looking at a very big discount percentage of 49.56%. It's a true under market value property would across discount potential of $91,365. We're looking at three beds, two bathrooms, one story residential property built in the year 1955. The MLS number for the Deal of the Day is 14208573, and you can see here the agent's name and a phone number. Let's give a few seconds to read the public remarks of the listing agents. Sets here calling all investors and manner fixer upper, this has been sold as is. There'll be no worker credits given, its price to sell fast is a diamond in the rough. Use your imagination and hold as a rental or flip. Let's look into the investment summary, as well as the comps using our Real Estate IQ system software. Let's take a look with the map here. So we have four sold comps in the market.

    So this is our Deal of the Day at 6025 Tallie Road. Alright, let's look into the map here, with the nearby comps. So this is about a half a mile radius from our subject comp, and let's look into our table design here. So the one in blue are best comps based on priority with property type price per square foot distance and recency, and if you look into our subject comp, it's currently listed for $49.81, as a price per square foot. The sold comps we have in the market are: $95.65, this one is for $97.66, and the other for $102.94. So what we're doing right now with our system is that, this would give you a side to side design here for us to make comparisons from apples to apples. You can see here the listing price and the sold price. Let's look into to listing remarks of the other comps; stick a few seconds there.

    Now, let's look inside the pictures of the property. Definitely need some cleaning and some work. Also need some updating on the inside. This needs to be removed, needs to be updated as well, especially the cabins and the kitchen. So that's all the pictures we have for subject comp for Deal of the Day.

    Let's look into the sold comps in the market. This one is at 1812 Fleming drive. It is good and in decent condition. Now, let's look at one more comp. Let's look at the kitchen. Is it just me, or the table is just too small? 

    Alright, so going back with our investment summary, we're looking at a very big potential of ARV of $184,365. The potential discount would be $91,365 we can look forward with this property, and a big discount prices of 49.56%. Don't forget the MLS number is 14208573. Happy Deal Finding, everyone! If you're interested in knowing more about our software and how can help you find deals in the market, especially discounted properties, as well as off market leads, don't forget to subscribe on YouTube at Real Estate IQ. Happy Deal Finding and take care, everyone!

     

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