966 Ne 37 Ave, Homestead

Usage

Single Family

Address:

966 Ne 37 Ave
Homestead
FL 33033

Property Size:1,465 sq ft
Acreage:0.08
Year Built:2005
Property Class:C2
Latitude:25.479
Longitude:-80.422

Not Offered for Sale

Our records indicate this property is not currently for sale but we may be able to find something similar. Contact us for details.

Welcome to Visulate

Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

Contact us if you want to buy or sell real estate in Homestead:

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Please quote reference number: 14043526 in your email

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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

Links

  1. 966 Ne 37 Ave, Homestead, FL on Zillow
  2. Recent Sales near 966 Ne 37 Ave, Homestead, FL on Realtor.com
  3. 966 Ne 37 Ave, Homestead, FL on Google Maps
  4. Homestead, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33033 from City-Data.com
  6. Homestead Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33033 Zipcode

Owner Details

Companies near this Address

  1. Medical Consulting Services Of South Florida Inc. (930 Ne 35 Ave)
  2. Highline Electric Company (991 Ne 36 Ave)
  3. Natural Change Inc (3598 Ne 9 St)
  4. Representaciones Ita 2007 Internacional Inc. (3598 Ne 9 St)
  5. Torre Fuerte Homestead Church, Inc. (948 Ne 36 Avenue)
  6. Snapper Creek Managment Company, Inc. (931 Ne 36 Avenue)
  7. Yuruba Enterprises Inc (918 Ne 36 Ave)
  8. Florida Sunshine Sushi, Inc. (919 Ne 36th Ave)
  9. Pf Homestead, LLC (2620 Ne 10th Ct)
  10. Navarro Discount Pharmarcies No. 34, LLC (2614 Ne 10 Court)
  11. Two Brothers Express Corp (3705 Ne 10 Ct)
  12. Majestic Appraisals Inc (3719 Ne 10th St)
  13. Serna Home Maintenance, Inc. (381 Ne 37th Pl)
  14. Bermol Logistics Corp (3767 Ne 10 St)
  15. Turon, L.L.C. (3767 Ne 10th St)
  16. Ss First Distributors, LLC (3772 Ne 9 Ct)

Sales History

DateSold BySold ToDeed TypePrice
12/01/2011 Not Recorded Buyer: 7533408 Unknown 70,000.00
04/01/2012 Not Recorded Buyer: 7533408 Unknown 115,000.00
04/01/2012 Seller: 7533408 Not Recorded Unknown 115,000.00
11/01/2012 Not Recorded Buyer: 8016957 Unknown 165,000.00

Miami-Dade County Real Estate - Homestead

Homestead is in South East Florida. It's population as recorded in the 2010 Census was 60,512.

The median age for residents of Homestead is 29.1. Around 49.8% of Homestead households include school aged children and 15.4% of households include individuals aged 65 years or over. Census records indicate 66.8% of the Homestead population are White, 20.3% are Black or African American, .4% American Indian, 1.1% Asian and 3.7% are Two or more Races. Homestead has a significant Hispanic population. 62.9% (38,078) of Homestead residents are of Hispanic or Latino origin. Of these 24.45% are of Mexican origin, 13.61% Puerto Rican, 25.01% Cuban and 36.91% are of other Hispanic or Latino origin.

There are 23,419 housing units in Homestead. 4,423 (18.8%) of these were reported as vacant in the 2010 Census. There are 13,138 residential rental units in Homestead. 11,202 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.

Homestead links:

Local Household Income

The median household income in this part of Florida is $47,500. The bottom 10% of the population earn less than $12,472 per year. The top 10% earn more than $125,763 per year. The top 1% earn more than $358,803 per year. Most renters earn between $21,732 (20th percentile) and $45,408 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $992. Most renters earn between $1,811 and $3,784 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $621 (20th percentile) to $1,456 (80th percentile) range. The residential vacancy rate is 7%.

Estimated Value: 966 Ne 37 Ave

Market Data

In 2013 class A single family properties in Homestead sold for $77.80 to 966.03 per sq ft with a median price per sq ft of $89.06. Class B properties sold for $49.16 to 77.79 per sq ft with a median of $63.65 and class C properties sold for $10.00 to 49.15 per sq ft with a median of $43.42.

Market Valuation

966 Ne 37 Ave appears to be a C Class property. Suggested value: $62,986

HighMedianLow
Value71,298 62,986 14,506

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $62,744. 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 966 Ne 37 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $52,941 and spends 37% 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 $1,632
Household Income - Renters $1,035
Market Rents $1,029
Price/Ft $850

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 966 Ne 37 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 Rent1,029
Annual Rent per Sq Ft8.00
Gross Annual Rent12,344
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,481
Maintenance762
HOA, Utilities and CAM0
Property Taxes1,623
Insurance1,597
Management Fees1,234
NOI5,647
Cap Rate9
Estimated Value62,744
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.

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.