15221 Medici Way is a 4,887 sq ft Single Family in Naples.
It was built in 2004. 15221 Medici Way sits on 0.38 acres of land. In 2016 similar properties sold for between $1,376,396 and $6,938,968. We estimate the income value of 15221 Medici Way at $100,767. The assumptions we used to calculate this value are include in the spreadsheet linked below. Naples is in Collier County, Florida.
15221 Medici Way Property Summary
15221 Medici Way
Property Size: 4,887 sq ft
Year Built: 2004
Property Class: A5
26.307, -81.779 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: 15221 Medici Way
In 2016 class A single family properties in Naples sold for $196.36 to
989.93 per sq ft with a median price per sq ft of
$245.80. Class B properties sold for $120.67 to
196.35 per sq ft with a median of
$156.67 and class C properties sold for $10.33 to
120.66 per sq ft with a median of $102.49.
15221 Medici Way appears to be an A Class property. Suggested value: $1,722,948
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 15221 Medici Way:
Household Income estimate assumes the
tenant has a total household income of $404,445 and spends 32% 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 $10,785 Household Income - Renters $3,044 Market Rents $3,137 Price/Ft $5,999
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 15221 Medici Way.
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 3,653
Annual Rent per Sq Ft 9.00
Gross Annual Rent 43,840
Vacancies and Bad Debt 12%
Vacancies and Bad Debt Amount 5,261
HOA, Utilities and CAM 0
Property Taxes 22,383
Management Fees 4,384
Cap Rate 6
Estimated Value 100,767
Edit Values and Estimate Cashflow
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Local Household Income
The median household income in this part of Florida is $78,156.
The bottom 10% of the population earn less than $26,365 per year.
The top 10% earn more than $300,037 per year. The top 1%
earn more than $692,093 per year.
Most renters earn
between $32,112 (20th percentile)
and $61,224 (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 95 of all properties in this area.
This suggests it would appeal to someone earning
around $404,445 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 $1,039.
Most renters earn
and $5,102 per month.
They typically spend 32% of their monthly income on rent.
Most rents fall in the $791 (20th percentile)
to $1,538 (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 $3,014 per month and a monthly household income of $9,491
($113,892 per year)
15221 Medici Way, Naples, FL on Zillow
Recent Sales near 15221 Medici Way, Naples, FL on Realtor.com
15221 Medici Way, Naples, FL on Google Maps
15221 Medici Way Walkscore
Naples, FL Property Values on Trulia
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Companies at this Address
Principal Address for
Wessel Family Foundation, Inc. Mailing Address for
Wessel Family Foundation, Inc. Companies near this Address
(15211 Medici Way)
Wessel Family Foundation, Inc.
( 15221 Medici Way)
( 15232 Medici Way)
Heatwole Management, LLC
( 15228 Medici Way)
Date Sold By Sold To Deed Type Price
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.