1240 Laurel Ct is a 4,579 sq ft Single Family in Weston. It was built in 1989. 1240 Laurel Ct sits on 0.35 acres of land. In 2015 similar properties sold for between $624,747 and $1,115,463. We estimate the income value of 1240 Laurel Ct at $75,171. The assumptions we used to calculate this value are include in the spreadsheet linked below. Weston is in Broward County, Florida.

1240 Laurel Ct Property Summary

1240 Laurel Ct
FL 33326

Property Size:4,579 sq ft
Year Built:1989
Property Class:B3
Lat, Long: 26.105, -80.371

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.

Estimated Value: 1240 Laurel Ct

Market Data

In 2015 class A single family properties in Weston sold for $172.45 to 876.08 per sq ft with a median price per sq ft of $207.97. Class B properties sold for $96.58 to 172.44 per sq ft with a median of $132.21 and class C properties sold for $10.20 to 96.57 per sq ft with a median of $83.19.

Market Valuation

1240 Laurel Ct appears to be a B Class property. Suggested value: $855,227

Value1,115,463 855,227 624,747

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $75,171. 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 1240 Laurel Ct:

  • The Household Income estimate assumes the tenant has a total household income of $229,033 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 $6,298
Household Income - Renters $2,667
Market Rents $2,401
Price/Ft $2,225

Expense Estimates:

  • Census data records show 4% 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 1240 Laurel Ct. 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 Rent2,401
Annual Rent per Sq Ft6.00
Gross Annual Rent28,808
Vacancies and Bad Debt9%
Vacancies and Bad Debt Amount2,593
HOA, Utilities and CAM0
Property Taxes11,612
Management Fees2,881
Cap Rate7
Estimated Value75,171
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 $96,339. The bottom 10% of the population earn less than $31,144 per year. The top 10% earn more than $246,034 per year. The top 1% earn more than $672,989 per year. Most renters earn between $40,176 (20th percentile) and $75,564 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $192,678 and $240,848.

The tax assessed value of this property places it in percentile 89 of all properties in this area. This suggests it would appeal to someone earning around $229,033 per year who should qualify for a mortgage between $458,066 and $572,583.

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 $1,400. Most renters earn between $3,348 and $6,297 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $1,023 (20th percentile) to $1,916 (80th percentile) range. The residential vacancy rate is 4%.

This property falls in percentile 89 of all properties in this area. This corresponds to a rent of $2,288 per month and a monthly household income of $7,622 ($91,464 per year)


  1. 1240 Laurel Ct, Weston, FL on Zillow
  2. Recent Sales near 1240 Laurel Ct, Weston, FL on Realtor.com
  3. 1240 Laurel Ct, Weston, FL on Google Maps
  4. 1240 Laurel Ct Walkscore
  5. Weston, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Vega Productions, Inc. (17300 Sw 63 Manor)
  2. The Ideal Burger Mix LLC (8506 Nw 23 Manor)
  3. Vickers Grant Holdings, LLC (15344 Sw 51 Manor)
  4. Vickers Grant Capital Group, LLC (15344 Sw 51 Manor)
  5. Rick Becraft Enterprises, Inc. (15850 Sw 51 Manor)
  6. Vital Factors Inc. (12528 N W 18 Manor)
  7. Binorbin LLC (1175 Manor Ct)
  8. Chill-N Weston LLC (1297 Manor Ct)
  9. N-Seven, LLC (1297 Manor Ct)
  10. Julie B. Edelstein, Cpa, P.A. (1297 Manor Ct)
  11. Gfs Investments, Inc. (1297 Manor Ct)
  12. Aa Contracting & Supply, Inc. (1285 Laurel Ct)
  13. 415 Nd LLC (3761 Pebblebrook Mnr)
  14. Depass Enterprises, Inc. (16951 Sw 63 Manor)
  15. We Hustle Harder Inc. (15720 Sw 51 Manor)
  16. Colavita South Florida Cycling Team, L.L.C. (11164 Sw 17 Manor)
  17. Alexamy Corp (13250 Sw 10 Manor)
  18. Josh Sl, LLC (1165 Manor Ct)
  19. Jake Properties 2 LLC (1165 Manor Ct)
  20. J.C. Honey Co. (1240 Laurel Ct)
  21. Kelkatkris Enterprises, L.L.C. (1201 Manor Ct)
  22. Ari Cohen D.O. LLC (1195 Manor Ct)
  23. Bfhnsb LLC (1215 Manor Ct)
  24. Nelsonvcooking And Party Events, LLC (1290 Manor Ct)
  25. Bonnie F. Metviner P.A. (10031 N W 50 Manor)
  26. Crime Watcher Security Inc. (15831 Sw 51 Manor)
  27. Associated Mechanical Air, Inc. (11866 Sw 9 Manor)
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.