702 S Ridgewood Ave is a 19,304 sq ft State Owned in Daytona Beach. It was built in 1965. In 2015 similar properties sold for between $674,289 and $1,286,805. We estimate the income value of 702 S Ridgewood Ave at $2,785,314. The assumptions we used to calculate this value are include in the spreadsheet linked below. Daytona Beach is in Volusia County County, Florida.

702 S Ridgewood Ave Property Summary

702 S Ridgewood Ave
Daytona Beach
FL 32114

Property Size:19,304 sq ft
Year Built:1965
Property Class:B4
Lat, Long: 29.198, -81.017

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: 702 S Ridgewood Ave

Market Data

In 2015 class A state owned properties in Daytona Beach sold for $66.67 to 66.67 per sq ft with a median price per sq ft of $66.67. Class B properties sold for $34.93 to 66.66 per sq ft with a median of $50.61 and class C properties sold for $34.92 to 34.92 per sq ft with a median of $34.92.

Market Valuation

702 S Ridgewood Ave appears to be a B Class property. Suggested value: $976,975

HighMedianLow
Value1,286,805 976,975 674,289

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $2,785,314. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 702 S Ridgewood 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 Rent24,162
Annual Rent per Sq Ft15.02
Gross Annual Rent289,946
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount43,492
Maintenance10,038
HOA, Utilities and CAM0
Property Taxes12,861
Insurance18,725
Management Fees9,858
NOI194,972
Cap Rate7
Estimated Value2,785,314
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 $47,798. The bottom 10% of the population earn less than $13,709 per year. The top 10% earn more than $128,108 per year. The top 1% earn more than $430,659 per year. Most renters earn between $23,856 (20th percentile) and $37,308 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $95,596 and $119,495.

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 $829. Most renters earn between $1,988 and $3,109 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $597 (20th percentile) to $1,107 (80th percentile) range. The residential vacancy rate is 5%.

Links

  1. 702 S Ridgewood Ave, Daytona Beach, FL on Google Maps
  2. 702 S Ridgewood Ave Walkscore
  3. Daytona Beach, FL Property Values on Trulia
  4. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. New Birth Worship Center, Inc. (724 South Segrave St)
  2. Broome Vision Administration LLC (701 South Ridgewood Ave)
  3. Daytona Office LLC (728 South Ridgewood Ave)
  4. Jeffrey A. Klein, P.A. (747 South Ridgewood Ave)
  5. Holmes Schoolhouse, LLC (747 Ridgewood Ave #106)
  6. Southern Reporting Company (747 South Ridgewood Ave)
  7. Sandman Law Office, Pllc (747 S Ridgewood Ave)
  8. Christine Alexis Gay, P.A. (747 S Ridgewood Ave)
  9. Reid-Barnes Enterprises, LLC (410 South St)
  10. Great Chicago Steakhouse, LLC (700 S Ridgewood Ave)
  11. Mary Mcleod Bethune Community Center, Inc. (740 S Ridgewood Ave)
  12. Trep Factory Inc. (747 South Ridgewood Ave)
  13. Extraction Alternatives Research & Development LLC (747 S Ridgewood Ave)
  14. Extraction Alternatives Rice I LLC (747 S Ridgewood Ave)
  15. Extraction Alternatives Biotech LLC (747 S Ridgewood Ave)
  16. Worker Investments, LLC (749 S Ridgewood Ave)
  17. Organic Ministry Inc (748 S Ridgewood Ave)
  18. Broome Properties, LLC (701 S Ridgewood Ave)
  19. Broome Vision, Inc. (701 S Ridgewood Ave)

Sales History

DateSold BySold ToDeed TypePrice
07/29/2005 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 720,000.00
02/14/2006 Not Recorded Buyer: 1057372 Warranty Deed/Special Warranty Deed 100.00
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.