502 South Bay Blvd is a 1,983 sq ft Single Family in Anna Maria.
It was built in 1976. 502 South Bay Blvd sits on 0.12 acres of land. In 2015 similar properties sold for between $729,070 and $1,023,525. We estimate the income value of 502 South Bay Blvd at $55,771. The assumptions we used to calculate this value are include in the spreadsheet linked below. Anna Maria is in Manatee County, Florida.
502 South Bay Blvd Property Summary
502 South Bay Blvd
Property Size: 1,983 sq ft
Year Built: 1976
Property Class: B3
27.531, -82.728 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: 502 South Bay Blvd
In 2015 class A single family properties in Anna Maria sold for $516.16 to
871.79 per sq ft with a median price per sq ft of
$669.19. Class B properties sold for $367.66 to
516.15 per sq ft with a median of
$443.67 and class C properties sold for $185.91 to
367.65 per sq ft with a median of $333.14.
502 South Bay Blvd appears to be a B Class property. Suggested value: $879,798
High Median Low
Income Valuation - Residential/Gross Lease
Visulate estimates the income value of this property is
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 502 South Bay Blvd:
Household Income estimate assumes the
tenant has a total household income of $331,550 and spends 34% 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 Model Monthly Rent Household Income - All Households $9,394 Household Income - Renters $2,339 Market Rents $2,357 Price/Ft $1,600
Census data records show 13% 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 502 South Bay Blvd.
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
Monthly Rent 2,357
Annual Rent per Sq Ft 14.00
Gross Annual Rent 28,287
Vacancies and Bad Debt 18%
Vacancies and Bad Debt Amount 5,092
HOA, Utilities and CAM 0
Property Taxes 14,060
Management Fees 2,829
Cap Rate 7
Estimated Value 55,771
Edit Values and Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.
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Local Household Income
The median household income in this part of Florida is $54,523.
The bottom 10% of the population earn less than $18,447 per year.
The top 10% earn more than $131,721 per year. The top 1%
earn more than $409,221 per year.
Most renters earn
between $27,912 (20th percentile)
and $48,372 (80th percentile) per year.
Someone earning the median household income in this area is likely to qualify for a mortgage between
The tax assessed value of this property
places it in percentile 98 of all properties in this area.
This suggests it would appeal to someone earning
around $331,550 per year who should qualify for a mortgage between
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 $912.
Most renters earn
and $4,031 per month.
They typically spend 34% of their monthly income on rent.
Most rents fall in the $717 (20th percentile)
to $1,218 (80th percentile) range.
The residential vacancy rate is 13%.
This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $3,164 per month and a monthly household income of $8,882
($106,584 per year)
502 South Bay Blvd, Anna Maria, FL on Zillow
Recent Sales near 502 South Bay Blvd, Anna Maria, FL on Realtor.com
502 South Bay Blvd, Anna Maria, FL on Google Maps
502 South Bay Blvd Walkscore
Anna Maria, FL Property Values on Trulia
Search for EPA and DEP Cleanup Sites Owner Details
Companies near this Address
Skyway View, LLC
( 406 South Bay Blvd)
Ami Retreat, LLC
(509 S Bay Blvd)
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.