4709 Martha Louise Dr is a 875 sq ft Single Family in West Palm Beach. It was built in 1985. In 2016 similar properties sold for between $63,932 and $96,830. We estimate the income value of 4709 Martha Louise Dr at $34,057. The assumptions we used to calculate this value are include in the spreadsheet linked below. West Palm Beach is in Palm Beach County, Florida.

4709 Martha Louise Dr Property Summary

4709 Martha Louise Dr
West Palm Beach
FL 33417

Property Size:875 sq ft
Year Built:1985
Property Class:B3
Lat, Long: 26.714, -80.114

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 4709 Martha Louise Dr, West Palm Beach, FL 33417
Estimated Value: 4709 Martha Louise Dr

Market Data

In 2016 class A single family properties in West Palm Beach sold for $137.14 to 930.40 per sq ft with a median price per sq ft of $157.14. Class B properties sold for $90.54 to 137.13 per sq ft with a median of $114.29 and class C properties sold for $10.15 to 90.53 per sq ft with a median of $80.35.

Market Valuation

4709 Martha Louise Dr appears to be a B Class property. Suggested value: $80,702

Value96,830 80,702 63,932

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $34,057. 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 4709 Martha Louise Dr:

  • The Household Income estimate assumes the tenant has a total household income of $22,650 and spends 35.5% 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 $670
Household Income - Renters $481
Market Rents $517
Price/Ft $850

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 4709 Martha Louise 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.

Monthly Rent517
Annual Rent per Sq Ft7.00
Gross Annual Rent6,200
Vacancies and Bad Debt14%
Vacancies and Bad Debt Amount868
HOA, Utilities and CAM0
Property Taxes1,181
Management Fees620
Cap Rate7
Estimated Value34,057
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 $47,354. The bottom 10% of the population earn less than $12,913 per year. The top 10% earn more than $158,251 per year. The top 1% earn more than $683,394 per year. Most renters earn between $26,016 (20th percentile) and $44,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,708 and $118,385.

The tax assessed value of this property places it in percentile 21 of all properties in this area. This suggests it would appeal to someone earning around $22,650 per year who should qualify for a mortgage between $45,300 and $56,625.

Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,000. Most renters earn between $2,168 and $3,715 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $716 (20th percentile) to $1,364 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 21 of all properties in this area. This corresponds to a rent of $733 per month and a monthly household income of $2,188 ($26,256 per year)


  1. 4709 Martha Louise Dr, West Palm Beach, FL on Zillow
  2. Recent Sales near 4709 Martha Louise Dr, West Palm Beach, FL on Realtor.com
  3. 4709 Martha Louise Dr, West Palm Beach, FL on Google Maps
  4. 4709 Martha Louise Dr Walkscore
  5. West Palm Beach, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Legends Smart Lighting LLC (2451 Faith Ave)
  2. Daughters Of The King LLC (2442 Queen St)
  3. Church-Versity, Inc (4714 Marguerita Dr)
  4. Turbo Werks, Inc. (4803 Marguerita Dr)
  5. The Marguerita Villas Homeowners' Association, Inc. (4697 Martha Louise Dr)
  6. Castelo Home Improvement & Painting LLC (4707 Martha Louise Dr)
  7. Destiny J Trucking LLC (4663 Martha Louise Dr)
  8. L.Aguilar3d, Inc. (4701 Martha Louise Dr)
  9. Home First Unlimited, Limited Liability Company (2459 Faith Ave)
  10. Faith Capital, L.L.C. (2459 Faith Ave)
  11. Snatch Ent Inc. (2459 Faith Ave)
  12. T & S United Company LLC (4665 Martha Louise Dr)

Sales History

DateSold BySold ToDeed TypePrice
07/01/2012 Not Recorded Buyer: 8359388 Unknown 10.00
03/01/2014 Seller: 8359388 Buyer: 9429414 Unknown 62,000.00
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.