1116 Basswood Pl, Wellington
Palm Beach County Real Estate - Lake Worth
Lake Worth is in South East Florida. It's population as recorded in the 2010 Census was 34,910. Lake Worth is approximately 58 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Lake Worth is 35. Around 30.1% of Lake Worth households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 60% of the Lake Worth population are White, 19.8% are Black or African American, 5.6% American Indian, .9% Asian and 4.5% are Two or more Races. Lake Worth has a significant Hispanic population. 39.6% (13,834) of Lake Worth residents are of Hispanic or Latino origin. Of these 19.98% are of Mexican origin, 10.21% Puerto Rican, 10.39% Cuban and 59.4% are of other Hispanic or Latino origin.
There are 16,473 housing units in Lake Worth. 3,515 (21.3%) of these were reported as vacant in the 2010 Census. There are 7,843 residential rental units in Lake Worth. 6,535 of them were occupied in 2010 providing a residential rental vacancy rate of 16.1%.
Lake Worth links:
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Palm Beach County
Palm Beach County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Miami-Dade, Broward, and Monroe counties. Palm Beach County has 38 cities, towns and villages in total. West Palm Beach is the county's largest city and acts as the county seat. Palm Beach has a population over 1.3 million.
Palm Beach County has many wealthy towns such as Palm Beach, Boca Raton, and Jupiter, as well as a large equestrian population making it one of Florida's wealthiest counties. As a result, real estate prices are comparatively higher in Palm Beach County than most other counties in Florida.
Palm Beach County's major private sector employers are Tenet Healthcare Corporation, Hospital Corporation of America, Florida Power & Light, The Breakers, and Office Depot. Top public sector employers are Palm Beach County School Board, Palm Beach County, Florida Atlantic University, and Boca Raton Community Hospital. Palm Beach County considers agribusiness; aviation, aerospace, and engineering; equestrian; healthcare; green energy; and corporate headquarters to be among its main industries.
Boca Raton is in southern Palm Beach County and is known as the birthplace of the IBM personal computer. It still hosts a large research park focused on technological innovation. The city hosts the headquarters for Office Depot and GEO Group. Florida Atlantic University and Lynn University are both located in Boca Raton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1124 Basswood Pl | Single Family | 2,045 | B |
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| 12088 Sugar Pine Trl | Single Family | 2,290 | B |
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| 1108 Basswood Pl | Single Family | 2,548 | B |
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| 12092 Sugar Pine Trl | Single Family | 2,387 | B |
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| 12082 Sugar Pine Trl | Single Family | 2,471 | B |
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| 1125 Basswood Pl | Single Family | 2,293 | B |
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| 1100 Basswood Pl | Single Family | 2,381 | B |
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| 1115 Basswood Pl | Single Family | 2,476 | B |
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| 12096 Sugar Pine Trl | Single Family | 2,346 | B |
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| 1109 Basswood Pl | Single Family | 2,422 | B |
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| 12083 Sugar Pine Trl | Single Family | 2,923 | B |
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| 12152 Stratford St | Single Family | 2,164 | B |
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| 1131 White Pine Dr | Multi-family - less than 10 units | 5,292 | B |
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| 12087 Sugar Pine Trl | Single Family | 2,331 | B |
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| 12091 Sugar Pine Trl | Single Family | 2,028 | B |
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| 1118 Hickory Trl | Single Family | 2,320 | B |
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| 1110 Hickory Trl | Single Family | 2,530 | B |
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| 1112 White Pine Dr | Multi-family - less than 10 units | 4,828 | B |
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| 12106 Stratford St | Single Family | 1,988 | B |
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| 12137 Stratford St | Single Family | 2,282 | B |
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| 12129 Stratford St | Single Family | 2,621 | B |
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| 1126 Hickory Trl | Single Family | 2,530 | B |
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| 12149 Stratford St | Single Family | 2,115 | B |
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| 1100 Hickory Trl | Single Family | 2,382 | B |
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| 1160 The 12th Fairway | Multi-family - less than 10 units | 5,564 | B |
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| 12157 Stratford St | Single Family | 2,289 | B |
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| 1151 White Pine Dr | Multi-family - less than 10 units | 4,870 | B |
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| 1132 White Pine Dr | Multi-family - less than 10 units | 4,870 | B |
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| 1151 The 12th Fairway | Single Family | 1,141 | B |
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| 12111 Stratford St | Single Family | 1,871 | B |
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| 1132 Hickory Trl | Single Family | 2,700 | B |
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| 1153 The 12th Fairway | Single Family | 1,366 | B |
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| 12130 Sycamore Ln | Single Family | 2,249 | B |
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| 12140 Sycamore Ln | Single Family | 2,153 | B |
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| 1155 The 12th Fairway | Single Family | 1,366 | B |
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| 12175 Stratford St | Single Family | 2,066 | B |
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| 12148 Sycamore Ln | Single Family | 2,293 | B |
|
Local Household Income
The median household income in this part of Florida is $78,588. The bottom 10% of the population earn less than $23,201 per year. The top 10% earn more than $210,922 per year. The top 1% earn more than $612,589 per year. Most renters earn between $28,404 (20th percentile) and $65,052 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $157,176 and $196,470.
The tax assessed value of this property places it in percentile 57 of all properties in this area. This suggests it would appeal to someone earning around $90,074 per year who should qualify for a mortgage between $180,148 and $225,185.
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 $1,145. Most renters earn between $2,367 and $5,421 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,677 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 57 of all properties in this area. This corresponds to a rent of $1,230 per month and a monthly household income of $4,145 ($49,740 per year)
Nearby Companies
1108 Basswood Pl
1304 Stratford St
1304 Stratford St
1127 Hickory Trl
1348 Stratford St
1126 Hickory Trl