1480 Dorchester Ave, West Melbourne - $103,000

Usage

Single Family

Address:

1480 Dorchester Ave
West Melbourne
FL 32904

Property Size:1,336 sq ft
Acreage:0.23
Bedrooms:3.00
Bathrooms:2.00
Year Built:1979
Property Class:C2
Latitude:28.075
Longitude:-80.646

For Sale - 1480 Dorchester Ave, $103,000

3 bedroom 2.00 bath 1,336 Sq Ft

Cute 3 bedroom home on quiet street.Tenant occupied.

Bedrooms3
Full Bathrooms2.00
Half Bathrooms0
Finance OptionsCash,Conventional
MLS Number679635
Last Updated07/29/2014 01:32am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 342386

Please quote reference number: 342386 when you call or email


Listing provided by Underill Realty, LLC.. Copyright 2014 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved.

Estimated Value: 1480 Dorchester Ave

Market Data

In 2013 class A single family properties in West Melbourne sold for $99.38 to 260.42 per sq ft with a median price per sq ft of $113.33. Class B properties sold for $58.51 to 99.37 per sq ft with a median of $80.55 and class C properties sold for $10.83 to 58.50 per sq ft with a median of $49.47.

Market Valuation

1480 Dorchester Ave appears to be a C Class property. Suggested value: $65,726

HighMedianLow
Value77,723 65,726 14,389

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $48,511. 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 1480 Dorchester Ave:

  • The Household Income estimate assumes the tenant has a total household income of $37,268 and spends 32% 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 $994
Household Income - Renters $972
Market Rents $793
Price/Ft $849

Expense Estimates:

  • Census data records show 10% 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 1480 Dorchester 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 Rent793
Annual Rent per Sq Ft7.00
Gross Annual Rent9,510
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount1,427
Maintenance695
HOA, Utilities and CAM0
Property Taxes1,028
Insurance1,043
Management Fees951
NOI4,366
Cap Rate9
Estimated Value48,511
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.

Brevard County, Florida

Brevard County is in East Central Florida. The main cities in Brevard County are Palm Bay (population 103,190), Melbourne (population 76,068) and Titusville (population 43,761)


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[Tax Record]
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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

Local Household Income

The median household income in this part of Florida is $67,279. The bottom 10% of the population earn less than $24,030 per year. The top 10% earn more than $152,735 per year. The top 1% earn more than $513,532 per year. Most renters earn between $30,756 (20th percentile) and $53,772 (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 $880. Most renters earn between $2,563 and $4,481 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $615 (20th percentile) to $1,188 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 1480 Dorchester Ave, West Melbourne, FL on Zillow
  2. Recent Sales near 1480 Dorchester Ave, West Melbourne, FL on Realtor.com
  3. 1480 Dorchester Ave, West Melbourne, FL on Google Maps
  4. West Melbourne, FL Property Values on Trulia
  5. Demographic Data for Zipcode 32904 from City-Data.com
  6. West Melbourne Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 32904 Zipcode

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1979 1,336.00 Single Family Residence Plywd/T111 Exterior, Wood Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Garage,

Owner Details

Companies near this Address

  1. Southland Of Brevard, Inc. (2840 Sunset Dr)
  2. Naber Plumbing, Inc. (175 Sunset Dr)
  3. Lightcoast, LLC (403 Murano Dr)
  4. Flog, Inc. (413 Murano Dr)
  5. Esteem Medical Aesthetics, LLC (5023 72nd St E)

Sales History

DateSold BySold ToDeed TypePrice
04/24/1973 Seller: 672847 Buyer: 676316 Warranty Deed/Special Warranty Deed 0.00
10/01/1981 Seller: 435697 Buyer: 676314 Warranty Deed/Special Warranty Deed 50,000.00
08/29/1988 Seller: 676314 Buyer: 200792 Warranty Deed/Special Warranty Deed 50,000.00
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.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.