48 Springwood Sq, Port Orange

Usage

Single Family

Address:

48 Springwood Sq
Port Orange
FL 32129

Property Size:621 sq ft
Bedrooms:2.00
Bathrooms:2.00
Year Built:1981
Property Class:C2
Lat, Long: 29.140, -81.012

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 48  Springwood Sq, Port Orange, FL 32129
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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.

Contact us if you want to buy or sell real estate in Port Orange:

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Please quote reference number: 682737 in your email

Estimated Value: 48 Springwood Sq

Market Data

In 2013 class A single family properties in Port Orange sold for $121.74 to 874.21 per sq ft with a median price per sq ft of $151.22. Class B properties sold for $75.08 to 121.73 per sq ft with a median of $94.81 and class C properties sold for $13.16 to 75.07 per sq ft with a median of $66.79.

Market Valuation

48 Springwood Sq appears to be a C Class property. Suggested value: $34,924

HighMedianLow
Value39,254 34,924 6,881

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $47,256. 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 48 Springwood Sq:

  • The Household Income estimate assumes the tenant has a total household income of $21,063 and spends 33% 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 $579
Household Income - Renters $734
Market Rents $644
Price/Ft $587

Expense Estimates:

  • Census data records show 9% 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 48 Springwood Sq. 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 Rent644
Annual Rent per Sq Ft12.00
Gross Annual Rent7,733
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount1,083
Maintenance323
HOA, Utilities and CAM0
Property Taxes797
Insurance504
Management Fees773
NOI4,253
Cap Rate9
Estimated Value47,256
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.

Volusia County County, Florida

Volusia County is in East Central Florida. The main cities in Volusia County are Deltona (population 85,182), Daytona Beach (population 61,005) and Port Orange (population 56,048)

[Tax Value] [Tax History] [Sales History]
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 $57,352. The bottom 10% of the population earn less than $21,063 per year. The top 10% earn more than $132,242 per year. The top 1% earn more than $491,808 per year. Most renters earn between $27,864 (20th percentile) and $49,416 (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 $926. Most renters earn between $2,322 and $4,118 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $670 (20th percentile) to $1,224 (80th percentile) range. The residential vacancy rate is 9%.

Links

  1. 48 Springwood Sq, Port Orange, FL on Zillow
  2. Recent Sales near 48 Springwood Sq, Port Orange, FL on Realtor.com
  3. 48 Springwood Sq, Port Orange, FL on Google Maps
  4. 48 Springwood Sq Walkscore
  5. Port Orange, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. W.D. Sparkling Solutions, Inc (91 Moonstone Ct)
  2. Krupa Property Management LLC (82 Springwood)

Sales History

DateSold BySold ToDeed TypePrice
09/15/1983 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 52,000.00
09/15/2000 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 38,000.00
01/28/2005 Not Recorded Buyer: 1085663 Warranty Deed/Special Warranty Deed 87,500.00
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.