• Real Estate Deal of the Day October 08, 2019

    Real Estate Deal of the Day October 08, 2019

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

    MLS Deal Property

    943 Gramercy Pl W San Antonio Tx 78201

    List Price: $189,000
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                          $289,639
    MLS Deal Finder Estimated Discount:                      $100,639
    MLS Deal Finder Estimated Discount%:                   34.75%

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    Real Estate Deal of the Day October 08, 2019

    [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 Sunday Antonio Deal of the Day and our subject property for today's at 943 Gramercy Place W San Antonio 78201 looking at the details of this property. It's originated listed at 199,000 and Currently And worth about 189,000 A list price per square foot of $121.15. So this one's already property has four bedroom, two bath. And it was built in 1921. So let's take a look at the map. So we're getting a lot of sold comps on the same subdivision. Alright, so the one with the yellow star. This is our subject property and it's neighborhood. Map around our subject property. Now we go to the comp selected. So basically the systems like that at comps based on the price per square foot distance recency and the subdivision. So let's take a look, the ones in blue. These are the comps, so we have three comps. Right, all the three are on the same subdivision so that there's a gap between the price per square foot of our subject property and the comps selected. So recency. All right. Number one is also a good comp but was sold more than 300 days ago so The reason why the system was able to find better comp. So the comps selected has recency of less than 200 days. Or so let's take a look at the photos. So here are two photos of our subject property. All right. Looks like work needs to be done here. So it will give us an idea of how much work needs to be done. Hardwood floors. On the photos of our comps. So here's our first comp. We're also getting hardwood floor. Alright, so those are the photos of our first comp. Now it's checking on the photos of our second selected comp. We're also getting Hardwood floor. Already renovated we're also getting stainless steel appliances. With quite spacious yard. Then moving on to our last selected comp. Alright, entrance looks nice. Hardwood floor and it's already renovated as well. With the granite countertops. So we're also getting some appliances on our third comp. That gives us a discount off 100,639 so that's 34 point 75% discount so we're also getting a rental index of point 89. Alright, so that ends the Deal of the Day video for today and happy 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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