500 N Pennsylvania Ave Unit D is a 709 sq ft Condominium in Winter Park. It was built in 1981. 500 N Pennsylvania Ave Unit D sits on 0.09 acres of land. In 2016 similar properties sold for between $61,995 and $151,961. We estimate the income value of 500 N Pennsylvania Ave Unit D at $91,271. The assumptions we used to calculate this value are include in the spreadsheet linked below. Winter Park is in Orange County County, Florida.

500 N Pennsylvania Ave Unit D Property Summary

500 N Pennsylvania Ave Unit D
Winter Park
FL 32789

Property Size:709 sq ft
Acreage:0.09
Year Built:1981
Property Class:B3
Lat, Long: 28.601, -81.357

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.

Google Street View  of 500 N Pennsylvania Ave Unit D, Winter Park, FL 32789
Estimated Value: 500 N Pennsylvania Ave Unit D

Market Data

In 2016 class A condominium properties in Winter Park sold for $166.96 to 590.00 per sq ft with a median price per sq ft of $307.69. Class B properties sold for $68.11 to 166.95 per sq ft with a median of $97.21 and class C properties sold for $13.81 to 68.10 per sq ft with a median of $59.10.

Market Valuation

500 N Pennsylvania Ave Unit D appears to be a B Class property. Suggested value: $88,483

HighMedianLow
Value151,961 88,483 61,995

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $91,271. 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 500 N Pennsylvania Ave Unit D:

  • The Household Income estimate assumes the tenant has a total household income of $55,980 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 $1,493
Household Income - Renters $1,016
Market Rents $928
Price/Ft $1,000

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 500 N Pennsylvania Ave Unit D. 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 Rent928
Annual Rent per Sq Ft16.00
Gross Annual Rent11,137
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount1,448
Maintenance369
HOA, Utilities and CAM0
Property Taxes1,290
Insurance527
Management Fees1,114
NOI6,389
Cap Rate7
Estimated Value91,271
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 37 of all properties in this area. This suggests it would appeal to someone earning around $55,980 per year who should qualify for a mortgage between $111,960 and $139,950.

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 37 of all properties in this area. This corresponds to a rent of $912 per month and a monthly household income of $3,113 ($37,356 per year)

Links

  1. 500 N Pennsylvania Ave Unit D, Winter Park, FL on Zillow
  2. Recent Sales near 500 N Pennsylvania Ave Unit D, Winter Park, FL on Realtor.com
  3. 500 N Pennsylvania Ave Unit D, Winter Park, FL on Google Maps
  4. 500 N Pennsylvania Ave Unit D Walkscore
  5. Winter Park, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Jill On Call LLC (505 Garfield Ave)
  2. Dstechnologies LLC (450 W Canton Ave)
  3. Galaxy Shred Studios LLC (678 Depugh St)
  4. Blue Spark Development, Inc. (678 Depugh St)
  5. Farm Haus Inc. (629 W Canton)
  6. Empanada, Inc. (601 West Swoope Ave)
  7. Central Florida Paddle Attic, LLC (500 N Pennsylvania Ave #A)
  8. Park Place Village, LLC. (500 N Pennsylvania Ave - Apt G)
  9. Orlando District Cog Inc (600 West Canton Ave)
  10. Welaa Oil LLC (341 N Pennselvania Ave)
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.