8746 Overlook Dr, Wesley Chapel

Usage

Single Family

Address:

8746 Overlook Dr
Wesley Chapel
FL 33545

Property Size:2,469 sq ft
Acreage:1.14
Year Built:1978
Property Class:B3
Lat, Long: 28.285, -82.314

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 8746     Overlook Dr, Wesley Chapel, FL 33545
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 Wesley Chapel:

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Estimated Value: 8746 Overlook Dr

Market Data

In 2013 class A single family properties in Wesley Chapel sold for $70.47 to 228.41 per sq ft with a median price per sq ft of $77.68. Class B properties sold for $52.03 to 70.46 per sq ft with a median of $62.11 and class C properties sold for $11.77 to 52.02 per sq ft with a median of $48.40.

Market Valuation

8746 Overlook Dr appears to be a B Class property. Suggested value: $141,645

HighMedianLow
Value160,688 141,645 118,657

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $110,600. 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 8746 Overlook Dr:

  • The Household Income estimate assumes the tenant has a total household income of $96,617 and spends 31% 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 $2,496
Household Income - Renters $1,490
Market Rents $1,327
Price/Ft $2,224

Expense Estimates:

  • Census data records show 6% 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 8746 Overlook 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 Rent1,327
Annual Rent per Sq Ft6.00
Gross Annual Rent15,921
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,751
Maintenance1,284
HOA, Utilities and CAM0
Property Taxes2,277
Insurance1,275
Management Fees1,592
NOI7,742
Cap Rate7
Estimated Value110,600
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.

Pasco County, Florida

Pasco County is in the Tampa Bay region of Florida. The main cities in Pasco County are Spring Hill (population 98,621), Wesley Chapel (population 44,092) and Land O Lakes (population 31,996)

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 $63,091. The bottom 10% of the population earn less than $22,299 per year. The top 10% earn more than $142,217 per year. The top 1% earn more than $457,939 per year. Most renters earn between $30,456 (20th percentile) and $62,868 (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 $957. Most renters earn between $2,538 and $5,239 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $662 (20th percentile) to $1,473 (80th percentile) range. The residential vacancy rate is 6%.

Links

  1. 8746 Overlook Dr, Wesley Chapel, FL on Zillow
  2. Recent Sales near 8746 Overlook Dr, Wesley Chapel, FL on Realtor.com
  3. 8746 Overlook Dr, Wesley Chapel, FL on Google Maps
  4. 8746 Overlook Dr Walkscore
  5. Wesley Chapel, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. James L Frank Door Service Inc. (6415 Wendell Dr)

Sales History

DateSold BySold ToDeed TypePrice
11/01/2012 Not Recorded Buyer: 563572 Unknown 100.00
12/01/2013 Seller: 563572 Buyer: 9392062 Unknown 90,000.00
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.