511 Violet Ave Ne, Palm Bay

511 Violet Ave Ne is a 1,298 sq ft Single Family in Palm Bay. It was built in 1974. 511 Violet Ave Ne sits on 0.23 acres of land. In 2013 similar properties sold for between $13,446 and $54,541. We estimate the income value of 511 Violet Ave Ne at $37,122. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Bay is in Brevard County, Florida.

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511 Violet Ave Ne Property Summary

511 Violet Ave Ne
Palm Bay
FL 32907

Property Size:1,298 sq ft
Acreage:0.23
Bedrooms:3.00
Bathrooms:2.00
Year Built:1974
Property Class:C2
Lat, Long: 28.010, -80.661

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.

511 Violet Ave Ne, Palm Bay, FL 32907
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 Palm Bay:

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Estimated Value: 511 Violet Ave Ne

Market Data

In 2013 class A single family properties in Palm Bay sold for $64.10 to 310.36 per sq ft with a median price per sq ft of $75.11. Class B properties sold for $41.02 to 64.09 per sq ft with a median of $51.76 and class C properties sold for $10.11 to 41.01 per sq ft with a median of $36.96.

Market Valuation

511 Violet Ave Ne appears to be a C Class property. Suggested value: $49,155

HighMedianLow
Value54,541 49,155 13,446

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $37,122. 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 511 Violet Ave Ne:

  • The Household Income estimate assumes the tenant has a total household income of $24,030 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 $641
Household Income - Renters $842
Market Rents $638
Price/Ft $814

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 511 Violet Ave Ne. 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 Rent638
Annual Rent per Sq Ft6.00
Gross Annual Rent7,659
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount1,149
Maintenance675
HOA, Utilities and CAM0
Property Taxes714
Insurance1,014
Management Fees766
NOI3,341
Cap Rate9
Estimated Value37,122
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.

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. 511 Violet Ave Ne, Palm Bay, FL on Zillow
  2. Recent Sales near 511 Violet Ave Ne, Palm Bay, FL on Realtor.com
  3. 511 Violet Ave Ne, Palm Bay, FL on Google Maps
  4. 511 Violet Ave Ne Walkscore
  5. Palm Bay, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Buildings

BuildingYear BuiltSizeUsageFeatures
Building 1 1974 1,298.00 Single Family Residence Stucco Exterior, Masonry Concete Frame, Asph/Asb Shngl Roof, Hip/Gable Roof, Car Port,

Owner Details

Companies near this Address

  1. Luminance Electronics, Inc. (493 Eldron Blvd Ne)
  2. Limbo Motors, LLC (497 Se Southwood Trl)
  3. Serenity Lifestyle Plus Limited Liability Company (490 Brighton Ave)
  4. A + Customer Solutions, LLC (524 Audubon Ave Ne)
  5. Allpro Painting & Home Repairs, Inc. (532 Burlington Ave Ne)

Sales History

DateSold BySold ToDeed TypePrice
07/09/2002 Seller: 233589 Buyer: 713885 Warranty Deed/Special Warranty Deed 65,000.00
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.