4709 Martha Louise Dr, West Palm Beach

Usage

Single Family

Address:

4709 Martha Louise Dr
West Palm Beach
FL 33417

Property Size:875 sq ft
Year Built:1985
Property Class:B3
Latitude:26.714
Longitude:-80.114

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.

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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.

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Estimated Value: 4709 Martha Louise Dr

Market Data

In 2013 class A single family properties in West Palm Beach sold for $100.91 to 765.08 per sq ft with a median price per sq ft of $121.95. Class B properties sold for $56.23 to 100.90 per sq ft with a median of $76.02 and class C properties sold for $10.11 to 56.22 per sq ft with a median of $49.43.

Market Valuation

4709 Martha Louise Dr appears to be a B Class property. Suggested value: $53,679

HighMedianLow
Value71,247 53,679 39,705

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $73,700. 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 4709 Martha Louise Dr:

  • The Household Income estimate assumes the tenant has a total household income of $23,492 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 $685
Household Income - Renters $774
Market Rents $756
Price/Ft $850

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 4709 Martha Louise Dr. 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 Rent756
Annual Rent per Sq Ft10.00
Gross Annual Rent9,076
Vacancies and Bad Debt16%
Vacancies and Bad Debt Amount1,452
Maintenance455
HOA, Utilities and CAM0
Property Taxes367
Insurance735
Management Fees908
NOI5,159
Cap Rate7
Estimated Value73,700
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.

Palm Beach County, Florida

Palm Beach County is in South East Florida. The main cities in Palm Beach County are West Palm Beach (population 99,919), Boca Raton (population 84,392) and Boynton Beach (population 68,217)

[Property Appraiser]
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Local Household Income

The median household income in this part of Florida is $48,639. The bottom 10% of the population earn less than $14,239 per year. The top 10% earn more than $157,442 per year. The top 1% earn more than $697,857 per year. Most renters earn between $26,184 (20th percentile) and $46,092 (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 $1,019. Most renters earn between $2,182 and $3,841 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $745 (20th percentile) to $1,375 (80th percentile) range. The residential vacancy rate is 11%.

Links

  1. 4709 Martha Louise Dr, West Palm Beach, FL on Zillow
  2. Recent Sales near 4709 Martha Louise Dr, West Palm Beach, FL on Realtor.com
  3. 4709 Martha Louise Dr, West Palm Beach, FL on Google Maps
  4. West Palm Beach, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33417 from City-Data.com
  6. West Palm Beach Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33417 Zipcode

Owner Details

Companies near this Address

  1. Turbo Werks, Inc. (4803 Marguerita Dr)
  2. Home First Unlimited, Limited Liability Company (2459 Faith Ave)
  3. Marguerita Apartments, LLC (4731 Marguerita Dr)
  4. Coastal Bus & Charter Lines, LLC (2560 Old Military Trl)
  5. Emdr Counseling Palm Beach, Pllc (2560 Old Military Trl)
  6. The Marguerita Villas Homeowners' Association, Inc. (4697 Martha Louise Dr)
  7. Main Drain Plumbing, LLC (2596 Old Military Trl)
  8. M. C. & G. Hernandez Inc (4654 Steele St)

Sales History

DateSold BySold ToDeed TypePrice
07/01/2012 Not Recorded Buyer: 8359388 Unknown 10.00
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.