Ft Bend County Home for Sale Spotlight:
Every week a home will be analyzed and featured on this column in the Fort Bend County area. It will be strongly priced based on comparable data of the area and be an excellent deal overall.
This is a fairly new home which was built in 2005. Because of the rural area the house in located in (outskirts of Richmond Texas) it qualifies for 100% Financing through the USDA Loan Program ($0 down at closing). For more information about USDA Loans in Fort Bend County click here.
Ready to move-in home for sale in Bridlewood Estates in Richmond TX 77469 (near Hwy 99 and Crab River Road). This home is in well-kept condition (although the pictures could be clearer and show more of the house). The home’s specs are: 5 Beds / 6 Full Baths / Plus a Study Living, Den, Game, and Media Room for a total space of 5993 sqft and 1.2 Acres. The home is listed at a fantastic price at $439,900; which equals $73 per sqft.
The comparable sales in the neighborhood are between $80 – $138 per sqft. If you consider the condition of the house plus the additional features, this means the price of $73 per square foot is the best price for a mansion / estate level property. For an investor this property has flip potential which could be accomplished within 6 months or less if marketed properly (stages, professional photos, etc.)a easy 10% ROI could be gained from this under priced home (email me for details). However, for a buyer looking for an entry level mansion with land in Richmond (rural Ft Bend) with seemingly no repairs and equity built into the price, than this is the mansion you may want to consider purchasing. Especially with inventories being at an all-time low in Greater Houston and the market changing to a Seller’s Market, this is a property you check out before its too late. Bridlewood Estates of Richmond typically range from the 500’s to the millions and offer luxury homes with the land and serenity of the country.
Thanks for reading.. feel free to post or email any questions, arguments, or requests for more information on a specific topic or point.
Thanks & Keep Winning at Real Estate
Realtor at Keller Williams SW Houston
Sugar Land, TX
Notices and Disclosures:
Broker and its affiliates are real estate service entities. Any estimates of repairs, holding costs, sellers net profit, roi, etc. are for the convenience of real estate investors. Real estate investors are encouraged to verify all estimated numbers independently. For legal matters, lease to own options, tax advice, estate and business planning, and other matter beyond the scope of normal real estate transactions, please contact an attorney, cpa, appraiser, or certified financial adviser. Broker and its affiliates assume no liability either expressed or implied for the accuracy of any price opinions or estimates given.
The weekly home spotlight is based on market data of the posting date and thus is subject to change; prices, home values, available homes for sale, pending offers, and other factors which may change are determined on the seller and the market, and are deemed reliable but not guaranteed.
Posted on May 7, 2013 at 4:24 pm by Jaymes McKenzie