615 Morgan Ave is a 6,146 sq ft Single Family in Chattahoochee. It was built in 1957. 615 Morgan Ave sits on 8.00 acres of land. In 2016 similar properties sold for between $100,241 and $268,765. We estimate the income value of 615 Morgan Ave at $34,243. The assumptions we used to calculate this value are include in the spreadsheet linked below. Chattahoochee is in Gadsden County, Florida.

615 Morgan Ave Property Summary

615 Morgan Ave
FL 32324

Property Size:6,146 sq ft
Year Built:1957
Property Class:B3
Lat, Long: 30.698, -84.846

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: 615 Morgan Ave

Market Data

In 2016 class A single family properties in Chattahoochee sold for $43.74 to 636.42 per sq ft with a median price per sq ft of $49.88. Class B properties sold for $16.31 to 43.73 per sq ft with a median of $34.52 and class C properties sold for $10.67 to 16.30 per sq ft with a median of $14.29.

Market Valuation

615 Morgan Ave appears to be a B Class property. Suggested value: $212,160

Value268,765 212,160 100,241

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $34,243. 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 615 Morgan Ave:

  • The Household Income estimate assumes the tenant has a total household income of $200,877 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 $5,189
Household Income - Renters $1,343
Market Rents $1,234
Price/Ft $2,223

Expense Estimates:

  • Census data records show 7% 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 615 Morgan 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.

Monthly Rent1,234
Annual Rent per Sq Ft2.00
Gross Annual Rent14,807
Vacancies and Bad Debt12%
Vacancies and Bad Debt Amount1,777
HOA, Utilities and CAM0
Property Taxes2,663
Management Fees1,481
Cap Rate7
Estimated Value34,243
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 $63,475. The bottom 10% of the population earn less than $18,639 per year. The top 10% earn more than $153,050 per year. The top 1% earn more than $440,122 per year. Most renters earn between $25,284 (20th percentile) and $50,892 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $126,950 and $158,688.

The tax assessed value of this property places it in percentile 95 of all properties in this area. This suggests it would appeal to someone earning around $200,877 per year who should qualify for a mortgage between $401,754 and $502,193.

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 $830. Most renters earn between $2,107 and $4,241 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $543 (20th percentile) to $1,223 (80th percentile) range. The residential vacancy rate is 7%.

This property falls in percentile 95 of all properties in this area. This corresponds to a rent of $1,814 per month and a monthly household income of $6,437 ($77,244 per year)


  1. 615 Morgan Ave, Chattahoochee, FL on Zillow
  2. Recent Sales near 615 Morgan Ave, Chattahoochee, FL on Realtor.com
  3. 615 Morgan Ave, Chattahoochee, FL on Google Maps
  4. 615 Morgan Ave Walkscore
  5. Chattahoochee, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Jacksonville Jetport LLC (13365 Simpson Way)

Sales History

DateSold BySold ToDeed TypePrice
06/01/2013 Not Recorded Buyer: 73384 Unknown 100.00
06/01/2013 Not Recorded Not Recorded Unknown 100.00
02/01/2014 Not Recorded Buyer: 9455078 Unknown 105,000.00
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.