3721 N 53 Ave, Hollywood

3721 N 53 Ave is a 2,787 sq ft Single Family in Hollywood. It was built in 1972. 3721 N 53 Ave sits on 0.30 acres of land. In 2014 similar properties sold for between $281,122 and $427,358. We estimate the income value of 3721 N 53 Ave at $95,971. The assumptions we used to calculate this value are include in the spreadsheet linked below. Hollywood is in Broward County, Florida.

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3721 N 53 Ave Property Summary

3721 N 53 Ave
Hollywood
FL 33021

Property Size:2,787 sq ft
Acreage:0.30
Year Built:1972
Property Class:B3
Lat, Long: 26.043, -80.198

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 3721 N 53 Ave, Hollywood, FL 33021
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Estimated Value: 3721 N 53 Ave

Market Data

In 2014 class A single family properties in Hollywood sold for $146.86 to 946.72 per sq ft with a median price per sq ft of $162.54. Class B properties sold for $96.60 to 146.85 per sq ft with a median of $122.43 and class C properties sold for $10.16 to 96.59 per sq ft with a median of $87.16.

Market Valuation

3721 N 53 Ave appears to be a B Class property. Suggested value: $356,292

HighMedianLow
Value427,358 356,292 281,122

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $95,971. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 3721 N 53 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $188,150 and spends 35% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $5,488
Household Income - Renters $2,031
Market Rents $1,978
Price/Ft $2,225

Expense Estimates:

  • Census data records show 7% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 3721 N 53 Ave. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent1,978
Annual Rent per Sq Ft9.00
Gross Annual Rent23,738
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount2,849
Maintenance1,449
HOA, Utilities and CAM0
Property Taxes8,595
Insurance1,753
Management Fees2,374
NOI6,718
Cap Rate7
Estimated Value95,971
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $60,107. The bottom 10% of the population earn less than $16,160 per year. The top 10% earn more than $162,163 per year. The top 1% earn more than $475,807 per year. Most renters earn between $31,008 (20th percentile) and $55,980 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $120,214 and $150,268.

The tax assessed value of this property places it in percentile 93 of all properties in this area. This suggests it would appeal to someone earning around $188,150 per year who should qualify for a mortgage between $376,300 and $470,375.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,140. Most renters earn between $2,584 and $4,665 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $831 (20th percentile) to $1,575 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 93 of all properties in this area. This corresponds to a rent of $1,978 per month and a monthly household income of $5,803 ($69,636 per year)

Links

  1. 3721 N 53 Ave, Hollywood, FL on Zillow
  2. Recent Sales near 3721 N 53 Ave, Hollywood, FL on Realtor.com
  3. 3721 N 53 Ave, Hollywood, FL on Google Maps
  4. 3721 N 53 Ave Walkscore
  5. Hollywood, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Financial Properties Of Florida Inc (623 Battersea Dr)
  2. Venture Associates Of Florida Inc (623 Battersea Dr)
  3. First Class Imports & Exports, LLC (3721 N 53rd Ave)
  4. Jenni Cruise Incorporated (3731 N 53 Ave)
  5. Cruise Property Management Inc (3731 N 53 Ave)
  6. 3h Fillmore Inc (3731 N 53 Ave)
  7. Caesarea Design, Inc. (3711 N 54 Ave)
  8. Klaxon LLC (3751 N 54 Avenue)
  9. 307 Damn Katz, LLC (3731 North 54 Avenue)
  10. 306 Damn Katz, LLC (3731 North 54th Ave)
  11. Ritter-Planet, LLC (3710 North 53rd Ave)
  12. J. Sell, LLC (5271 N 37 Street)
  13. First Choice Pools LLC (3740 N 53rd Ave)
  14. Super Dave Services, Inc (3760 N 54th Ave)
  15. Leonetti, Inc. (5270 North Hills Dr)
  16. Maspero Inc (5240 North Hills Dr)
  17. S.M.A.L.A., Inc. (3720 North 53rd Ave)

Sales History

DateSold BySold ToDeed TypePrice
03/01/2014 Not Recorded Buyer: 9880485 Unknown 415,000.00
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.