1505 Bella Casa Ct, Merritt Island

Usage

Single Family

Address:

1505 Bella Casa Ct
Merritt Island
FL 32952

Property Size:1,657 sq ft
Acreage:0.19
Bedrooms:3.00
Bathrooms:2.00
Year Built:1977
Property Class:B3
Latitude:28.388
Longitude:-80.671

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 Merritt Island:

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Please quote reference number: 172203 in your email

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Brevard County, Florida

Brevard County in located in the East Central Florida region. Top industries for Brevard County include technology, tourism, agriculture, and other service businesses. The Kennedy Space Center is located in Brevard County and provides many jobs for the area as well as acts as a popular tourist destination. Other tourist attractions in Brevard County include Port Canaveral, one of the busiest cruise ports in the world, and Cocoa Beach.

In 2010 and 2011, the Brookings Institution reported that Brevard ranked in the bottom fifth of the nation's top metro areas, based on unemployment, gross metropolitan product, housing prices and foreclosed properties. In 2011, the county was rated the 6th worst in the nation for foreclosures. Top public sector employers for Brevard County are Brevard County School Board, Brevard County Board of County Commissioners, NASA, and US Department of Defense. Private sector employers include Harris Corporation, Health First, Inc, United Space Alliance, Wuesthoff Health System, and Northrop Grumman Corporation. ..more


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Links

  1. 1505 Bella Casa Ct, Merritt Island, FL on Zillow
  2. Recent Sales near 1505 Bella Casa Ct, Merritt Island, FL on Realtor.com
  3. 1505 Bella Casa Ct, Merritt Island, FL on Google Maps
  4. Merritt Island, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32952 from City-Data.com
  6. Merritt Island Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32952 Zipcode

Documents

  1. 1505 Bella Casa Ct Building Footprint

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1977 1,657.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage, Fireplace, Boat Dock,

Owner Details

Sales History

DateSold BySold ToDeed TypePrice
09/18/2003 Seller: 456314 Buyer: 456314 Warranty Deed/Special Warranty Deed 100.00
04/18/2006 Seller: 456314 Buyer: 100081 Warranty Deed/Special Warranty Deed 350,000.00
01/01/2011 Not Recorded Buyer: 1688036 Unknown 250,000.00
01/11/2011 Seller: 1170428 Buyer: 100081 Personal Representative 250,000.00

Brevard County Real Estate - Merritt Island

Merritt Island is in East Central Florida. It's population as recorded in the 2010 Census was 34,743. Merritt Island is approximately 46 miles from Orlando (population 238,300) and around 20 miles from Palm Bay (population 103,190).

The median age for residents of Merritt Island is 47.6. Around 26.1% of Merritt Island households include school aged children and 34.2% of households include individuals aged 65 years or over. Census records indicate 88.7% of the Merritt Island population are White, 4.8% are Black or African American, .4% American Indian, 2.2% Asian and 2.5% are Two or more Races.

There are 17,036 housing units in Merritt Island. 2,282 (13.3%) of these were reported as vacant in the 2010 Census. There are 4,298 residential rental units in Merritt Island. 3,687 of them were occupied in 2010 providing a residential rental vacancy rate of 13.8%.

Merritt Island links:

Local Household Income

The median household income in this part of Florida is $74,534. The bottom 10% of the population earn less than $25,152 per year. The top 10% earn more than $195,980 per year. The top 1% earn more than $619,699 per year. Most renters earn between $34,104 (20th percentile) and $64,128 (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 $975. Most renters earn between $2,842 and $5,344 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $723 (20th percentile) to $1,390 (80th percentile) range. The residential vacancy rate is 11%.

Estimated Value: 1505 Bella Casa Ct

Market Data

In 2013 class A single family properties in Merritt Island sold for $121.97 to 497.45 per sq ft with a median price per sq ft of $152.10. Class B properties sold for $61.16 to 121.96 per sq ft with a median of $88.45 and class C properties sold for $12.51 to 61.15 per sq ft with a median of $50.68.

Market Valuation

1505 Bella Casa Ct appears to be a B Class property. Suggested value: $147,739

HighMedianLow
Value203,711 147,739 102,156

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $77,800. 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 1505 Bella Casa Ct:

  • The Household Income estimate assumes the tenant has a total household income of $110,540 and spends 30% 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 $2,764
Household Income - Renters $1,544
Market Rents $1,327
Price/Ft $1,600

Expense Estimates:

  • Census data records show 11% 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 1505 Bella Casa Ct. 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 Rent1,327
Annual Rent per Sq Ft10.00
Gross Annual Rent15,928
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount2,548
Maintenance862
HOA, Utilities and CAM0
Property Taxes3,740
Insurance1,739
Management Fees1,593
NOI5,446
Cap Rate7
Estimated Value77,800
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.