For Sale - 8561 Claridge Dr, $273,500

ORIGINAL 2 BEDROOMS 2 FULL BATHROOMS ONE CAR GARAGE, CERAMIC TILE FLOORS, GRANITER COUNTER TOP N KITCHEN, RESIDENTIAL AREA

ORIGINAL 2 BEDROOMS 2 FULL BATHROOMS ONE CAR GARAGE, CERAMIC TILE FLOORS, GRANITER COUNTER TOP N KITCHEN, RESIDENTIAL AREA, CLOSE TO MAIN ROADS OFFERS IN A FARBAR ASIS CONTRACT PROOF OF FUNDS AND OFFER SUMISSION FORM Employees and family members residing with employees of JPMorgan Chase Bank, N.A, its affiliates or subsidiaries are strictly prohibited from directly or indirectly purchasing any property owned by JPMorgan Chase Bank, N.A. All offers must be submitted by the buyer???s agent using the online

Bedrooms2
Full Bathrooms2
Half Bathrooms0
High School
Middle School
Elementary School
MLS NumberA10340153
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10340153
Verified10/17/2017 01:30am


Contact Sue for additional details
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  • Phone: (321) 453 7389
  • Property ID: 10918013

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Listing provided by Real Estate Asset Disp Corp.. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

8561 Claridge Dr is a 1,907 sq ft Single Family in Miramar. It was built in 1972. 8561 Claridge Dr sits on 0.14 acres of land. In 2016 similar properties sold for between $207,970 and $289,674. We estimate the income value of 8561 Claridge Dr at $50,314. The assumptions we used to calculate this value are include in the spreadsheet linked below. Miramar is in Broward County, Florida.

8561 Claridge Dr Property Summary

8561 Claridge Dr
Miramar
FL 33025

Property Size:1,907 sq ft
Acreage:0.14
Year Built:1972
Property Class:B3
Lat, Long: 25.982, -80.257
Estimated Value: 8561 Claridge Dr

Market Data

In 2016 class A single family properties in Miramar sold for $171.36 to 901.28 per sq ft with a median price per sq ft of $186.73. Class B properties sold for $123.02 to 171.35 per sq ft with a median of $149.52 and class C properties sold for $10.10 to 123.01 per sq ft with a median of $110.91.

Market Valuation

8561 Claridge Dr appears to be a B Class property. Suggested value: $252,769

HighMedianLow
Value289,674 252,769 207,970

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $50,314. 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 8561 Claridge Dr:

  • The Household Income estimate assumes the tenant has a total household income of $50,799 and spends 35% 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 $1,482
Household Income - Renters $1,090
Market Rents $966
Price/Ft $1,600

Expense Estimates:

  • Census data records show 5% 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 8561 Claridge Dr. 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 Rent966
Annual Rent per Sq Ft6.00
Gross Annual Rent11,593
Vacancies and Bad Debt10%
Vacancies and Bad Debt Amount1,159
Maintenance992
HOA, Utilities and CAM0
Property Taxes3,107
Insurance1,654
Management Fees1,159
NOI3,522
Cap Rate7
Estimated Value50,314
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 $87,115. The bottom 10% of the population earn less than $27,136 per year. The top 10% earn more than $202,982 per year. The top 1% earn more than $512,338 per year. Most renters earn between $42,576 (20th percentile) and $72,900 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $174,230 and $217,788.

The tax assessed value of this property places it in percentile 24 of all properties in this area. This suggests it would appeal to someone earning around $50,799 per year who should qualify for a mortgage between $101,598 and $126,998.

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 $1,506. Most renters earn between $3,548 and $6,075 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,076 (20th percentile) to $1,953 (80th percentile) range. The residential vacancy rate is 5%.

This property falls in percentile 24 of all properties in this area. This corresponds to a rent of $1,134 per month and a monthly household income of $3,773 ($45,276 per year)

Links

  1. 8561 Claridge Dr, Miramar, FL on Zillow
  2. Recent Sales near 8561 Claridge Dr, Miramar, FL on Realtor.com
  3. 8561 Claridge Dr, Miramar, FL on Google Maps
  4. 8561 Claridge Dr Walkscore
  5. Miramar, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. 8544 Miramar Parkway Outreach Inc (8544 Miramar Pkwy)
  2. Great Migration, LLC (8607 Miramar Pkwy)
  3. Million Ways Car Wash LLC (8607 Miramar Pkwy)
  4. Seastar Carpentry, Inc (8529 Miramar Pkwy)
  5. Viera Marine Carpentry Inc (8529 Miramar Pkwy)
  6. M&C Therapy Inc. (8529 Miramar Pkwy)
  7. Seastar Logistics Inc (8529 Miramar Pkwy)
  8. American Quality Office Solutions, Inc. (8544 Claridge Dr)
  9. Deeinspecta Transportation Services, Inc. (8545 Claridge Dr)
  10. Real Art In Motion, LLC (8529 Claridge Dr)
  11. Fine-Tuned Faith LLC (8532 Beekman Dr)
  12. Tropical Breeze Auto Spa Inc (8544 Beekman Dr)
  13. Vivs Better Care Inc. (8642 Beekman Dr)
  14. R G Burnett Transport Inc. (8642 Beekman Dr)
  15. Reborn Spa Inc. (8642 Claridge Dr)
  16. Mlk Fireworks Inc (8624 Beekman Dr)
  17. M3n Enterprise, LLC (8613 South Lexington Dr)
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.

MLS Data

Visulate participates in My Flordia Regional, South East Florida MLS and the Brevard County Broker Reciprocity programs, allowing us to display other broker's listings on our site. Listing data supplied by other brokers is deemed reliable but not guaranteed. It is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties to buy, lease or rent.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Programs of My Flordia Regional, South East Florida MLS and Brevard County, Florida. Real estate listings held by brokerage firms other than Visulate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.