Deal of the Day – Houston
DECEMBER 14, 2020
28 Oaks Drive, Houston, TX 77058
MLS NO. 5020902
Hello, everyone! Welcome to Real Estate IQ’s Houston Deal of the Day!
Our subject property is located at 28 Oaks Drive, Houston, Texas 77058. The list price for this property is $264,500 with an estimated price of $372,702. The list price per square foot is at $88.46, and its estimated price per square foot is valued at $124.65.
This property with MLS No. 5020902 is a Mediterranean-style townhouse that was built in 2004 with a square foot of 2900. It has four beds, three and half baths and a fireplace. This three-story home has a light and bright open family and dining area with wood flooring and granite countertops. It also boasts a breakfast bar and maple cabinets with a large pantry. Located in a peaceful neighborhood inside a subdivision, our subject property is also within proximity to schools, shopping and dining centers.
For the comparables, we selected four best properties that are also townhouses and are located in the same subdivision. The first property was built in 2007 with a square foot of 3100. Its list price is at $465,000 and its list price per square foot is $138.53.
The second comparable was built in 2006. The price per square foot of this property is $129.37 Its list price is $429,000.
The third property with a list price of $358,000 was built in 2006 Its list price per square foot is valued at $122.53
The fourth property was built in 2006. It was listed at $108.17 per square foot and has a list price of $310,000.
For the investment summary, the subject property is listed at $264,500 with a 29.03% discount from its estimated price of $372,702. It has a good rental index of 1.15 and has an estimated monthly lease of $3,042.
That’s all for our Deal of the Day. Thank you for tuning in and have a great deal-finding day!