For Sale - 961n Park Ave, $1375000.00

3 bedroom 2 bath 1,820 Sq Ft

Very rare opportunity to build your dream home on a 94 x 192 lot with over 18,000 square feet in one of the best downtown locations in Winter Park. Located steps away from the stylish shops, cozy restaurants of Park Avenue, Winter Park Farmers Market and the popular Winter Park Golf Course.

Bedrooms3
Full Bathrooms2
Half Bathrooms0
Finance OptionsCash,Conventional
MFH IDO5516641
Last Updated08/03/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 1097068

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Listing provided by Coldwell Banker Residential RE. Copyright 2017 My Florida Regional MLS. All rights reserved.

961n Park Ave is a 1,998 sq ft Single Family in Winter Park. It was built in 1953. In 2016 similar properties sold for between $326,377 and $568,620. We estimate the income value of 961n Park Ave at $77,314. The assumptions we used to calculate this value are include in the spreadsheet linked below. Winter Park is in Orange County County, Florida.

961n Park Ave Property Summary

961n Park Ave
Winter Park
FL 32789

Property Size:1,998 sq ft
Bedrooms:3.00
Bathrooms:2.00
Year Built:1953
Property Class:B3
Lat, Long: 28.606, -81.351
Estimated Value: 961n Park Ave

Market Data

In 2016 class A single family properties in Winter Park sold for $221.69 to 952.38 per sq ft with a median price per sq ft of $265.84. Class B properties sold for $127.24 to 221.68 per sq ft with a median of $167.33 and class C properties sold for $10.73 to 127.23 per sq ft with a median of $112.22.

Market Valuation

961n Park Ave appears to be a B Class property. Suggested value: $429,210

HighMedianLow
Value568,620 429,210 326,377

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $77,314. 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 961n Park Ave:

  • The Household Income estimate assumes the tenant has a total household income of $313,146 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 ModelMonthly Rent
Household Income - All Households $8,351
Household Income - Renters $2,280
Market Rents $2,279
Price/Ft $1,600

Expense Estimates:

  • Census data records show 8% 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 961n Park 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 Rent2,279
Annual Rent per Sq Ft14.00
Gross Annual Rent27,354
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount3,556
Maintenance1,039
HOA, Utilities and CAM0
Property Taxes13,128
Insurance1,484
Management Fees2,735
NOI5,412
Cap Rate7
Estimated Value77,314
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 $76,037. The bottom 10% of the population earn less than $19,985 per year. The top 10% earn more than $248,864 per year. The top 1% earn more than $637,787 per year. Most renters earn between $31,392 (20th percentile) and $59,148 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $152,074 and $190,093.

The tax assessed value of this property places it in percentile 92 of all properties in this area. This suggests it would appeal to someone earning around $313,146 per year who should qualify for a mortgage between $626,292 and $782,865.

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 $1,033. Most renters earn between $2,616 and $4,929 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $771 (20th percentile) to $1,445 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 92 of all properties in this area. This corresponds to a rent of $1,891 per month and a monthly household income of $6,277 ($75,324 per year)

Links

  1. 961n Park Ave, Winter Park, FL on Zillow
  2. Recent Sales near 961n Park Ave, Winter Park, FL on Realtor.com
  3. 961n Park Ave, Winter Park, FL on Google Maps
  4. 961n Park Ave Walkscore
  5. Winter Park, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Compass Rose Winter Park, LLC (1080 Park Avenue N)
  2. Awsumb Enterprises, Inc. (1091 Park Ave)
  3. Soccer World United, LLC (960 Keyes Ave)
  4. Glenasset Inc. (1110 Keyes Ave)
  5. Carmen Dominguez Construction, LLC (1080 Keyes Ave)
  6. Tucker & Branham, Inc. (1020 Keyes Ave)
  7. Stg Financial, Inc. (1020 Keyes Ave)
  8. Rupp Family, LLC (870 Keyes Ave)
  9. Rupp Investments, LLC (870 Keyes Ave)
  10. Rupp - Mbr Equity Investments, LLC (870 Keyes Ave)
  11. Black Mountain Hilltop, LLC (870 Keyes Ave)
  12. Black Mountain 106 Deer Run Road, LLC (870 Keyes Ave)
  13. Black Mountain Pastureland, LLC (870 Keyes Ave)
  14. Black Mountain Staging Area, LLC (870 Keyes Ave)
  15. Black Mountain 105 Deer Run Road, LLC (870 Keyes Ave)
  16. Main Street Cartersville, LLC (870 Keyes Ave)
  17. Rupp Nelson Bluestreak, LLC (870 Keyes Ave)
  18. James Daniel Tesar, M.D., P.A. (840 Keyes Ave)
  19. Retail Development Properties, LLC (961 North Park Ave)
  20. Insight Polygraphic And Investigatory Services, Inc. (910 Park Avenue North)
  21. Minsky'S By The Sea, LLC (910 Park Avenue North)

Sales History

DateSold BySold ToDeed TypePrice
10/24/1995 Not Recorded Not Recorded Quit Claim 100.00
04/30/1999 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 280,000.00
05/14/1999 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 335,000.00
05/15/2001 Not Recorded Not Recorded Warranty Deed/Special Warranty Deed 420,500.00
02/25/2003 Not Recorded Buyer: 1463160 Warranty Deed/Special Warranty Deed 449,000.00
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.

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.