THE SUBJECT PROPERTY ADDRESS IS 15023 NUWOOD 77053 I NEED TO KNOW WHAT PROPERTIES SOLD FOR DOING THE LAST 6 MONTHS THATS WHAT COMPS ARE. I CAN'T EVALUATE WITHOUT LAST 6 MONTHS SALES, OR IS THERE ANOTHER WAY.I DON'T KNOW ANYTHING ABOUT THE MARKET.
Property analysis in TX is never going to be, pull a report and the number slaps you in the face. As you know, non-disclosure state values take some work. However, you now have the very assistance and help you are looking for.
As for your property on Nuwood, looking at the available subject data and comps which populate, there is more than sufficient data to make an analysis. Primarily, the mortgage data, age, SF and room counts help determine ARV.
We can see from the report, there are plenty of sales within the last 6 mos in the market area, as recent as Feb 22. Additionally, the comp data indicates there have been other REO sales from previously foreclosed property. When you pull the review Seller and Buyer data from comps 4 and 8.
Comp 7 is a dead on match to the subject, with the exception of the Above Ground Pool. Mortgage is 104k+, which appears to be close to 100% financing. While a number of other comps 1,9 & 14 appear to have mortgages which are in the 80% LTV range.
The sale of comp 6 for $58k from the Trust gives reason to lower any overall market analysis. Your ARV on this puppy is 97.7K topping out at 101k. You have to confirm from the seller the overall condition to determine how much you bring your number down if the property is not in "move in"