BLOG

Welcome!
Find tips on how to invest in real
estate, plus trends and tools that
will help you generate sales and
turn into a successful real
estate investor.

Real Estate Deal of the Day Houston – December 15, 2020

Deal of the Day

Deal of the Day Houston Metro

December 15, 2020

31 Legend Lane Houston, Texas 77024

MLS No. 83685068

Hello, everyone! Welcome to Real Estate IQ’s Houston Metro! Our subject property is located at 31 Legend Lane, Houston, Texas 77024. The list price for this property is $225,000 with an estimated price of $344,484. The list price per square foot is at $102.41 and its estimated price per square foot is valued at $156.80

This property with MLS No.83685068, is a 2100 square-foot contemporary modern townhouse / condo unit  built in 1976. It has three bedrooms and two bathrooms. The rooms are quite spacious and the house itself has great views from the sunroom and backyard. It is also within proximity to schools. 

For the comparables, we selected five best properties that also fall under the category of a townhouse / condo in the same neighborhood. The first property is a 2-story unit built in 1972 with a square foot of 2000 and has three bedrooms and two bathrooms. Its list price is at $449,000 and was sold at $425,000.

The second comparable was built in 1978. It has two beds and two baths. It has a square foot of 2000. The list price is at $279,990 and it was sold at $260,000.

The third comparable is a 1900 square-foot 2-story unit that was built in 1977 with a list price of $289,000 and was sold at $245,000. It has two bedrooms and two bathrooms.

The fourth property was built in 1978. Its list price is at $415,000 and it was sold at $400,000 .For the last comparable, the property was built in 1977 with a list price of $279,000 and it was sold at $273,000.

For the investment summary, the subject property is listed at $225,000 with a 34.69% discount from its estimated price of $344,484. It has a good rental index of 1.16 and has an estimated monthly lease of $2,615. Our subject property is excellent for fix and flip projects. It has no cabinets or appliances. 

That’s all for our Deal of the Day. Thank you for tuning in and have a great deal-finding day! 

If you need real estate investor association and other services, feel free to check our marketplace anytime!


Related Articles