1703 Persimmon Dr, Naples

Usage

Single Family

Address:

1703 Persimmon Dr
Naples
FL 34109

Property Size:17,062 sq ft
Acreage:0.62
Year Built:2002
Property Class:A6
Latitude:26.251
Longitude:-81.786

Not Offered for Sale

Our records indicate this property is not currently for sale 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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Collier County, Florida

Collier County is part of the southwest region of Florida. Collier County is Florida's largest county in area. The major employment industries in Collier County are trade, transportation, and utilities; leisure & hospitality; and education and health services. According to the U.S. Department of Housing and Urban Development (HUD), Collier County was one of the communities in the nation most impacted by the foreclosure crisis of 2008, but it is slowly picking back up again.

Major private sector employers for Collier County are Wal-Mart, Marriott, Fifth Third Bank, Naples Grande Resort, and Barron Collier Partnership. Top public sector employers include Collier County Public Schools, Collier County Government, and Collier County Sheriff's Department. Cities and towns in Collier County include Everglades City, Marco Island, and Naples. ..more

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Links

  1. 1703 Persimmon Dr, Naples, FL on Zillow
  2. Recent Sales near 1703 Persimmon Dr, Naples, FL on Realtor.com
  3. 1703 Persimmon Dr, Naples, FL on Google Maps
  4. Naples, FL Property Values on Trulia
  5. Demographic Data for Zipcode 34109 from City-Data.com
  6. Naples Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 34109 Zipcode

Owner Details

Companies near this Address

  1. Haskett Holdings LLC (1789 Ivy Pointe Ct)
  2. Tropical Resorts, Inc. (1683 Persimmon Dr)
  3. Richard E. Fioretti, P.A. (1683 Persimmon Dr)
  4. Dynamic Sounds Associates, LLC (1754 Persimmon Ct)

Collier County Real Estate - Naples

Naples

Naples is located in Collier County in Southwest Florida. Collier County is bordered by Monroe, Miami Dade, Broward, Hendry, and Lee counties. Naples is also located along the Gulf of Mexico, which accounts for tourism being the city's largest industry. Naples is home to many hotels and shopping opportunities catered to the city's many tourists. Naples is particularly attractive to older people and those living up north who wish to relocate somewhere warm for the winter. As a result, Naples is more populated during the winter season. Many of Naple's population are second home owners, making it an affluent area. Real estate is also a major industry, and home prices are comparatively higher here than in the rest of Florida. Naples's top employers are District School Board of Collier County, NCH Healthcare System, Collier County, Collier County Sherriff, The Home Depot, and Ritz Carlton.

Naples is in South West Florida. It's population as recorded in the 2010 Census was 19,537. Naples is approximately 31 miles from Cape Coral (population 154,305) and around 35 miles from Lehigh Acres (population 86,784).

The median age for residents of Naples is 64.2. Around 10.7% of Naples households include school aged children and 61.9% of households include individuals aged 65 years or over. Census records indicate 93.3% of the Naples population are White, 4.1% are Black or African American, .1% American Indian, .6% Asian and 1% are Two or more Races.

There are 17,753 housing units in Naples. 7,522 (42.3%) of these were reported as vacant in the 2010 Census. Naples is a tourist destination, 77.5% (5,830) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,764 residential rental units in Naples. 2,219 of them were occupied in 2010 providing a residential rental vacancy rate of 18.2%.

Naples links:

Local Household Income

The median household income in this part of Florida is $82,720. The bottom 10% of the population earn less than $27,492 per year. The top 10% earn more than $311,028 per year. The top 1% earn more than $798,306 per year. Most renters earn between $33,732 (20th percentile) and $63,132 (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 $1,069. Most renters earn between $2,811 and $5,261 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $816 (20th percentile) to $1,545 (80th percentile) range. The residential vacancy rate is 8%.

Estimated Value: 1703 Persimmon Dr

Market Data

In 2013 class A single family properties in Naples sold for $155.25 to 982.66 per sq ft with a median price per sq ft of $211.92. Class B properties sold for $75.18 to 155.24 per sq ft with a median of $107.53 and class C properties sold for $10.11 to 75.17 per sq ft with a median of $65.49.

Market Valuation

1703 Persimmon Dr appears to be an A Class property. Suggested value: $5,342,648

HighMedianLow
Value24,773,528 5,342,648 3,913,958

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $-143,750. 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 1703 Persimmon Dr:

  • The Household Income estimate assumes the tenant has a total household income of $595,261 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 $15,378
Household Income - Renters $3,850
Market Rents $3,830
Price/Ft $6,000

Expense Estimates:

  • Census data records show 8% 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 1703 Persimmon 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 Rent4,620
Annual Rent per Sq Ft3.00
Gross Annual Rent55,441
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount7,207
Maintenance8,872
HOA, Utilities and CAM0
Property Taxes29,759
Insurance12,684
Management Fees5,544
NOI-8,625
Cap Rate6
Estimated Value-143,750
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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.