1007 Nw 88 Ave, Plantation

1007 Nw 88 Ave is a 1,114 sq ft Condominium in Plantation. It was built in 1974. 1007 Nw 88 Ave sits on 0.03 acres of land. In 2015 similar properties sold for between $58,078 and $120,444. We estimate the income value of 1007 Nw 88 Ave at $54,971. The assumptions we used to calculate this value are include in the spreadsheet linked below. Plantation is in Broward County, Florida.

1007 Nw 88 Ave Property Summary

1007 Nw 88 Ave
 Plantation
FL 33322
Property Size:1,114 sq ft
Acreage:0.03
Year Built:1974
Property Class:B3
Lat, Long: 26.136, -80.266

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 1007 Nw 88 Ave, Plantation, FL 33322
Estimated Value: 1007 Nw 88 Ave

Market Data

In 2015 class A condominium properties in Plantation sold for $123.32 to 716.22 per sq ft with a median price per sq ft of $146.67. Class B properties sold for $59.46 to 123.31 per sq ft with a median of $86.36 and class C properties sold for $10.27 to 59.45 per sq ft with a median of $51.78.

Market Valuation

1007 Nw 88 Ave appears to be a B Class property. Suggested value: $84,353

HighMedianLow
Value120,444 84,353 58,078

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $54,971. 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 1007 Nw 88 Ave:

  • The Household Income estimate assumes the tenant has a total household income of $15,819 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 $409
Household Income - Renters $643
Market Rents $718
Price/Ft $1,000

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 1007 Nw 88 Ave. 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 Rent718
Annual Rent per Sq Ft8.00
Gross Annual Rent8,621
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount948
Maintenance579
HOA, Utilities and CAM0
Property Taxes1,647
Insurance737
Management Fees862
NOI3,848
Cap Rate7
Estimated Value54,971
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 $73,996. The bottom 10% of the population earn less than $22,547 per year. The top 10% earn more than $180,338 per year. The top 1% earn more than $516,739 per year. Most renters earn between $41,328 (20th percentile) and $69,936 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $147,992 and $184,990.

The tax assessed value of this property places it in percentile 6 of all properties in this area. This suggests it would appeal to someone earning around $15,819 per year who should qualify for a mortgage between $31,638 and $39,548.

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 $1,350. Most renters earn between $3,444 and $5,828 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $1,044 (20th percentile) to $1,746 (80th percentile) range. The residential vacancy rate is 6%.

This property falls in percentile 6 of all properties in this area. This corresponds to a rent of $799 per month and a monthly household income of $2,408 ($28,896 per year)

Links

  1. 1007 Nw 88 Ave, Plantation, FL on Zillow
  2. Recent Sales near 1007 Nw 88 Ave, Plantation, FL on Realtor.com
  3. 1007 Nw 88 Ave, Plantation, FL on Google Maps
  4. 1007 Nw 88 Ave Walkscore
  5. Plantation, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Why Weight For Recovery, LLC (1140 Campanelli Dr)
  2. Live-Well Now, LLC (1063 Nw 87th Ave)
  3. A.C.E. Ii, Inc. (8717 Nw 10th St)
  4. Cielito'S Cleaning Service Inc (8702 Nw 10th St)
  5. Simmens Building, Inc. (1052 Nw 88th Ave)
  6. Cecilia Palacio LLC (1024 Nw 88th Ave)

Sales History

DateSold BySold ToDeed TypePrice
11/01/2013 Not Recorded Buyer: 9395031 Unknown 97,000.00
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.