For Sale - 8990 Nw 49 Pl, $459,000

gorgeous 4/2.5 home in beautiful and quite Pine Ridge community.

Gorgeous 4/2.5 W/Pool in the Pine Ridge community, This magnificent house is well maintained, new roof, vaulted ceiling with Hugh fenced in back yard, and out door shower. Ceramic tiles through out, split floor plan layout offers spacious master bedroom with walking closet over looking the pool, renovated master bath with dual sink, seamless step in shower and roman tub is anyone's dream, other bedrooms are full sized and bright with walking closet and ceiling fans, kitchen newly resurfaced with granite c

Bedrooms4
Full Bathrooms2
Half Bathrooms1
High SchoolCoral Springs
Middle School
Elementary SchoolCoral Springs
MLS NumberA10292465
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10292465
Verified07/21/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 4194722

Please quote reference number: when you call or email


Listing provided by All Homes Realty. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

8990 Nw 49 Pl is a 2,623 sq ft Single Family in Coral Springs. It was built in 1985. 8990 Nw 49 Pl sits on 0.23 acres of land. In 2016 similar properties sold for between $414,300 and $589,927. We estimate the income value of 8990 Nw 49 Pl at $76,971. The assumptions we used to calculate this value are include in the spreadsheet linked below. Coral Springs is in Broward County, Florida.

8990 Nw 49 Pl Property Summary

8990 Nw 49 Pl
Coral Springs
FL 33067

Property Size:2,623 sq ft
Acreage:0.23
Year Built:1985
Property Class:B3
Lat, Long: 26.291, -80.247
Estimated Value: 8990 Nw 49 Pl

Market Data

In 2016 class A single family properties in Coral Springs sold for $159.46 to 913.55 per sq ft with a median price per sq ft of $181.02. Class B properties sold for $111.98 to 159.45 per sq ft with a median of $138.33 and class C properties sold for $10.20 to 111.97 per sq ft with a median of $100.60.

Market Valuation

8990 Nw 49 Pl appears to be a B Class property. Suggested value: $511,788

HighMedianLow
Value589,927 511,788 414,300

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $76,971. 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 8990 Nw 49 Pl:

  • The Household Income estimate assumes the tenant has a total household income of $113,898 and spends 35% 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 $3,322
Household Income - Renters $1,726
Market Rents $1,606
Price/Ft $2,225

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 8990 Nw 49 Pl. 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 Rent1,606
Annual Rent per Sq Ft7.00
Gross Annual Rent19,278
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount2,121
Maintenance1,364
HOA, Utilities and CAM0
Property Taxes6,006
Insurance2,471
Management Fees1,928
NOI5,388
Cap Rate7
Estimated Value76,971
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 $84,666. The bottom 10% of the population earn less than $25,890 per year. The top 10% earn more than $201,431 per year. The top 1% earn more than $564,745 per year. Most renters earn between $37,260 (20th percentile) and $67,668 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $169,332 and $211,665.

The tax assessed value of this property places it in percentile 65 of all properties in this area. This suggests it would appeal to someone earning around $113,898 per year who should qualify for a mortgage between $227,796 and $284,745.

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 $1,411. Most renters earn between $3,105 and $5,639 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,889 (80th percentile) range. The residential vacancy rate is 6%.

This property falls in percentile 65 of all properties in this area. This corresponds to a rent of $1,606 per month and a monthly household income of $4,931 ($59,172 per year)

Links

  1. 8990 Nw 49 Pl, Coral Springs, FL on Zillow
  2. Recent Sales near 8990 Nw 49 Pl, Coral Springs, FL on Realtor.com
  3. 8990 Nw 49 Pl, Coral Springs, FL on Google Maps
  4. 8990 Nw 49 Pl Walkscore
  5. Coral Springs, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies at this Address

  1. Mailing Address for Caspian, Inc.

Companies near this Address

  1. Level Studios LLC (9077 Nw 49th Pl)
  2. Pierceon, Inc. (4960 Nw 92nd Ter)
  3. Island Beauties Inc (9130 Nw 49th Pl)
  4. Mclarney Enterprise Inc. (9160 Nw 49th Pl)
  5. Gold Coast Sales, Inc. (4896 Nw 89 Terr)
  6. Navy League Of The United States Everglades Council, Inc. (4896 Nw 89 Terrace)
  7. Dan Bran Enterprises Inc (4841 Nw 90th Way)
  8. Contemporary Church Services, Inc. (4911 Nw 89th Ter)
  9. First S & R Investment LLC (8990 Nw 49th Pl)
  10. Payam, Inc. (8990 Nw 49th Pl)
  11. Caspian, Inc. (8990 Nw 49 Place)
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.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.