• Real Estate Deal of the Day September 09, 2019

    Real Estate Deal of the Day September 09, 2019

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

    MLS Deal Property

    5518 Duxbury Street, Houston, Texas 77035

    List Price: $145,000
    Bed/Bath/Pool/Stories: 3/2.0/0/1

    MLS Deal Finder Estimated Value:                          $245,598
    MLS Deal Finder Estimated Discount:                      $100,598
    MLS Deal Finder Estimated Discount%:                   40.96%

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    Real Estate Deal of the Day September 9, 2019

    [Video Transcription]

    Good morning! This is Steve Liang with Real Estate IQ. I'm with Becky Kromminga here, and today we have found a really good deal in Houston. We want to share with you. Check it out!

    Hello everyone. Happy Monday. Thanks for tuning in today's Houston Deal of the Day in Southwest Houston 5518 Duxbury Street built in 1957. 1718 square feet and three-bedroom, two-bath listed out 145 capping it about 245. It's been on the market for just eight days as of right now. The only remarks about. It's a great three-bedroom, two-bath, two-car garage ready to be updated or before it's gone. o taking a look at the map. There's a whole slew of properties in that area. And as I was reading through the comments. It looks like some of them flooded and a lot of them say it did not flood, so you'd want to look into that about this particular property. But if you look at the active listings, there are a lot of them, but they're averaging about 249 so this would probably be a good buy and hold. In this area, so it's going for $84 and 40 cents a square foot, which is compared to 154, 155. 136 not sure what the deal was with this one, but it said on this one set on the market for a long time, but the rest of them have been quite so bad. So this one sold 62 days ago after 19 days on the market, the second one sold 88 days ago after 49 days on the market. And then this one sold 45 days ago after 48 days on the market. This one sold 10 days ago after 43 days on the market. Days on the market is kind of medium, some of these other ones. This one sold after just 14 days on the market. Not quite. Three months ago. And so there has been a lot of movement and action in that area. Let's take a look at the pictures. This is our subject property. Doesn't look too bad contact details already got granite countertops and so You for sure want to take away some wallpaper and paint, but it doesn't seem like it needs a whole lot more. But it's really, they're not giving us much to go on on those pictures. If we look at the comps here. You can see that one was fixed up with maybe marble countertops there. Nice tile backsplash, luxury vinyl, laminated flooring. Fancy title in the shower. Let's take a look at this one. It looks like a little bit nicer flying on this one. Again, kind of modern farmhouse looks a little bit to the kitchen. One more. Standard rehab grace. What I'm seeing on most of these. So you wouldn't have to do anything too fancy to this one. So it could be a pretty, pretty easy flip or good buy and hold. The only warning is the days on the market in that area. So as always, make sure you do your own due diligence. But thanks for listening and happy investing.

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