For Sale - 100 S Virginia Ave Unit 201, $1050000.00

3 bedroom 3 bath 2,756 Sq Ft

Enjoy all that beautiful downtown Winter Park has to offer at the Douglas Grand at Winter Park. Luxurious living located in Winter Park, Florida just minutes away from Orlando and Central Florida's attractions. Winter Park's beautiful Central Park is across the street, making a strolls to Park Avenue, Hannibal Square and the Winter Park Farmers Market, for an elegant shopping or dining experience just a block away. These unique residential single-story condominiums, town homes and office spaces are designed to be architecturally timeless, capturing the elegance and sophistication of classic buildings in the U.S. and Europe, reminiscent of the renowned brownstone residences of Manhattan. The appointments within the residence feature premium finishes, crown molding, wood floors, granite counters Wolf/Sub-Zero appliance, Kohler plumbing fixtures and Pella windows. This unique one story second floor corner unit with a private entry, the Hawthorne plan is a 3 bedroom, 3 bathroom with 2,756 of living area. The Hawthorne plan boast a large master suite with two walk in closets with oversize bedroom and bath as well as a second bedroom Junior Suite. All bedrooms have large walking closets. Large kitchen with breakfast nook. Your home will have its own private entry directly from the gated/secured garage with two dedicated parking spaces and plenty of guest spots. One owner with no pets.

Bedrooms3
Full Bathrooms3
Half Bathrooms0
Finance Options
MFH IDO5521651
Virtual Tourhttp://www.propertypanorama.com/instaview/mfr/O5521651
Last Updated07/29/2017 01:31am


Contact Sue for additional details
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  • Phone: (321) 453 7389
  • Property ID: 2066454

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Listing provided by The Hope Team Inc. Copyright 2017 My Florida Regional MLS. All rights reserved.

100 S Virginia Ave Unit 201 is a 2,756 sq ft Condominium in Winter Park. It was built in 2008. 100 S Virginia Ave Unit 201 sits on 0.50 acres of land. In 2016 similar properties sold for between $590,734 and $2,087,524. We estimate the income value of 100 S Virginia Ave Unit 201 at $125,083. The assumptions we used to calculate this value are include in the spreadsheet linked below. Winter Park is in Orange County County, Florida.

100 S Virginia Ave Unit 201 Property Summary

100 S Virginia Ave Unit 201
Parcel 2
Winter Park
FL 32789

Property Size:2,756 sq ft
Acreage:0.50
Year Built:2008
Property Class:A5
Lat, Long: 28.597, -81.354
Estimated Value: 100 S Virginia Ave Unit 201

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

100 S Virginia Ave Unit 201 appears to be an A Class property. Suggested value: $1,088,661

HighMedianLow
Value2,087,524 1,088,661 590,734

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $125,083. 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 100 S Virginia Ave Unit 201:

  • 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 $2,999

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 100 S Virginia Ave Unit 201. 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 Rent2,737
Annual Rent per Sq Ft12.00
Gross Annual Rent32,838
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount4,269
Maintenance1,433
HOA, Utilities and CAM0
Property Taxes14,300
Insurance2,047
Management Fees3,284
NOI7,505
Cap Rate6
Estimated Value125,083
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. 100 S Virginia Ave Unit 201, Winter Park, FL on Zillow
  2. Recent Sales near 100 S Virginia Ave Unit 201, Winter Park, FL on Realtor.com
  3. 100 S Virginia Ave Unit 201, Winter Park, FL on Google Maps
  4. 100 S Virginia Ave Unit 201 Walkscore
  5. Winter Park, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. My Barre, LLC (141 S New York Ave)
  2. Park West Unit 405b, LLC. (250 Carolina Ave)
  3. Securities Arbitration Analysis LLC (250 Carolina Ave)
  4. Frey Properties, L.L.C. (328 W Morse Blvd)
  5. Yeilding M.D., L.L.C. (328 W Morse Blvd)
  6. Winter Park Asc, L.L.C. (328 W Morse Blvd)
  7. Kapsult, Inc. (324 W Morse Blvd)
  8. Anthros, LLC (400 W Morse Blvd Ste 203)
  9. Anthros, Inc. (400 W Morse Blvd Ste 203)
  10. Stephanie S. Williams, Dmd, Ms, Pl (400 West Morse Blvd)
  11. Identity Theft Fraud Solutions, LLC (400 West Morse Blvd)
  12. Carwal Capital Partners, LLC (400 West Morse Blvd)
  13. R2-V2 Family L.L.C. (324 W Morse Blvd)
  14. Yalaha Shores, LLC (324 W Morse Blvd)
  15. R2-V2 Mountain Land, LLC (324 W Morse Blvd)
  16. Front Porch Management Group, LLC (324 W Morse Blvd)
  17. Vose Holdings 419 Central, LLC (324 W Morse Blvd)
  18. Vose Construction, LLC (324 W Morse Blvd)
  19. Medisky LLC (324 W Morse Blvd)
  20. Central Florida Property Inspections, LLC (324 W Morse Blvd)
  21. R2-V2 River, LLC (324 W Morse Blvd)
  22. Palomar Townhouses Condominium Association, Inc. (324 W Morse Blvd)
  23. Wekiva Group, Inc. (324 W Morse Blvd)
  24. Vose Investment Properties, Inc. (324 W Morse Blvd)
  25. Tikvah Investments Iii, Inc. (324 W Morse Blvd)
  26. Air Engineering & Testing, Inc. (324 W Morse Blvd)
  27. Gore Front Porch, LLC (311 West Morse Blvd Apt 5-5)
  28. Welbourne Avenue Nursery And Kindergarten, Inc. (450 W Welbourne Ave)
  29. Hands Of Hope-Winter Park, Inc. (425 W Welbourne Ave)
  30. Bethel Missionary Baptist Church Of Winter Park, Inc. (425 W Welbourne Ave)
  31. Gr8 Home Solutions, LLC (402 W Welbourne Ave)
  32. James L. Baker, Jr., M.D., P.A. (400 W Morse Blvd)
  33. Glance Hr LLC (400 W Morse Blvd)
  34. Morse Derm LLC (440 W Morse Blvd)
  35. Anthros Human Capital, LLC (400 W Morse Blvd)
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.