• Real Estate Deal of the Day October 31, 2019

    Real Estate Deal of the Day October 31, 2019

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

    MLS Deal Property

    2706 Cherokee Trail, Corinth, Texas 76210

    List Price: $99,900
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                          $148,785
    MLS Deal Finder Estimated Discount:                      $48,885
    MLS Deal Finder Estimated Discount%:                   32.86%

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    Real Estate Deal of the Day October 31, 2019

    [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 to our Houston Metro’s Deal of the Day. And today we're looking at a perfect location directly across the street from the park and back so large, green belt lot for privacy property at 4911 Creek Shadows Drive 77339. 

    Now let's look at the details of the property. It's currently listed at $99,900. And it's estimated price or today's worth in the market is already at $148,785 so you also have here the estimated, the list price per square foot at $67.55 and the estimated price per square foot at $100.60. Now, if you can see that this was listed just last 27th which is three days ago. 

    So you're looking at a one-story with one fireplace three bed two full bath with two car garage property built in 1982 and a total square feet of 1479 so if you can see the neighborhood subdivision and school’s Humble, Grove Elementary School, Kingwood middle school and Kingwood Park High School, with the MLS number as well as the listing agent on Darlene and the listing agents on phone number. Now, if you can see here the public remark, or like the selling point over the subject property personally noted by the listing agent herself, Darlene, you're looking at a large living or den area with large windows and sliding doors off the master to the backyard. The third bedroom can be used as a study or extra TV room. The master bathroom is spacious with the skylight for natural lighting now. We don't want to miss this one. 

    So let's take a look at our subject property now. So here is our subject property. If you can see the part that it's already refurnished and just by looking. This is the park surrounding the neighborhood. Now, if we can see the interior part. You really need to do some major renovations here, however, what's good is we can say that this property is either good for flipping or wholesaling. So why would we say such because if we can see we're currently looking at the sold comp so there are about three sold comps. With in the area. So the yellow one that's highlighted is our subject property and these three here are pre-selected sold comp so since it has stated here. There are three sold comps. Now let's take a look at the most aggressive approach of real estate IQ when we run comps is recency days and by distance. 

    So this will choose priority If you can check that these sold comp so just .14, .17 and .22 miles away from our subject property. And if you can see as well the recency days. The first one is 94 days 171 days. And the third one which is the most recent one, which was just 57 days ago that this current property is sold this specific property. Now, if you can also see here you have the list price, as well as this old price of each of these sold comps and of course we need scroll down, you're able to see here the MLS or listing information of these pre-selected sold comps for you as well as the agents’ names and phone numbers.

     Now, when we check the investment summary. Why would we say that this property is good for wholesaling or flipping is that if you can see you have an IQ discount percentage of 32.86. Present that gives you an IQ discount of 48,885 as well as your rental index 1 point 39 and your estimated month at least $1,392 so that gives you an estimated price of 148,785. Now, if you'd also want to take a closer look at these, or of our subject property, you can just click on the yellow star here and you can just drag the Google Map. It gives you a closer view of the neighborhood. The street view as well. So where the yellow star is that that is our subject property. This one here. If you can see that's a decent neighborhood that we really don't want to miss. And again, our subject property here asking her offer price is at $99,900 which gives you the IQ discount of $32.86. And let's take a look at our pre-selected or selected sold comps. The neighborhood area. So let me just go ahead and quickly shock on our second selected sold comp so if he can see as well. It has quite a nice floor plan. 

    And yes, that's it for our Deal of the Day. And of course, thanks for always tuning in. Happy deal-finding everyone.

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