For Sale - 3317 Lago De Talavera, $514,900

Offered for Sale at $514,900

Up-Scale Community home, custom built kitchen with wood cabinets and SS appliances, gas cooktop and Island. Hardwood and tile floors thru-out. Large room sizes.Master with his and hers walk in closet,Jacuzzi tub and walk in shower.Large screen patio, lush landscaped yard with exotic fruit trees. Exterior of home just freshly painted. Home is move in ready and hurricane prepared with following features the safety, convenience and piece of mind of you and your family. Elevated home with no water intrus

Bedrooms4
Full Bathrooms3
Half Bathrooms1
High School
Middle School
Elementary School
MLS NumberR10338429
Verified10/18/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2357554

Please quote reference number: when you call or email


Listing provided by Global Luxury Realty LLC. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

3317 Lago De Talavera is a 3,468 sq ft Single Family in Lake Worth. It was built in 2006. 3317 Lago De Talavera sits on 0.28 acres of land. In 2016 similar properties sold for between $443,203 and $657,424. We estimate the income value of 3317 Lago De Talavera at $49,671. The assumptions we used to calculate this value are include in the spreadsheet linked below. Lake Worth is in Palm Beach County, Florida.

3317 Lago De Talavera Property Summary

3317 Lago De Talavera
Lake Worth
FL 33467

Property Size:3,468 sq ft
Acreage:0.28
Year Built:2006
Property Class:B4
Lat, Long: 26.627, -80.204
Estimated Value: 3317 Lago De Talavera

Market Data

In 2016 class A single family properties in Lake Worth sold for $137.19 to 959.23 per sq ft with a median price per sq ft of $154.23. Class B properties sold for $92.48 to 137.18 per sq ft with a median of $115.70 and class C properties sold for $10.13 to 92.47 per sq ft with a median of $82.96.

Market Valuation

3317 Lago De Talavera appears to be a B Class property. Suggested value: $554,483

HighMedianLow
Value657,424 554,483 443,203

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $49,671. 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 3317 Lago De Talavera:

  • The Household Income estimate assumes the tenant has a total household income of $140,452 and spends 34% 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 $3,979
Household Income - Renters $1,811
Market Rents $1,636
Price/Ft $2,225

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 3317 Lago De Talavera. 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 Rent1,636
Annual Rent per Sq Ft6.00
Gross Annual Rent19,636
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount2,553
Maintenance1,803
HOA, Utilities and CAM0
Property Taxes6,937
Insurance2,902
Management Fees1,964
NOI3,477
Cap Rate7
Estimated Value49,671
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 $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 78 of all properties in this area. This suggests it would appeal to someone earning around $140,452 per year who should qualify for a mortgage between $280,904 and $351,130.

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 78 of all properties in this area. This corresponds to a rent of $1,609 per month and a monthly household income of $5,275 ($63,300 per year)

Links

  1. 3317 Lago De Talavera, Lake Worth, FL on Zillow
  2. Recent Sales near 3317 Lago De Talavera, Lake Worth, FL on Realtor.com
  3. 3317 Lago De Talavera, Lake Worth, FL on Google Maps
  4. 3317 Lago De Talavera Walkscore
  5. Lake Worth, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Palm Beach Neurosurgery, LLC (3319 State Road 7)
  2. Northside Offices, LLC (3319 State Road 7)
  3. Dak Investment Property, LLC (3319 State Road 7)
  4. Tss Neurosurgery, LLC (3319 State Road 7)
  5. Jez Capital, Inc. (3319 State Rd 7 Suite 305)
  6. Jose L. Martinez M.D., P.A. (3319 Sr 7)
  7. Taras Roud, Dmd, P.A. (3319 State Road 7)
  8. Suncoast Detox, LLC (9935 Palomino Dr)
  9. 9935 Palomino Drive, LLC (9935 Palomino Dr)
  10. Pegasus Behavioral Health, Inc. (9935 Palomino Dr)
  11. Red Pepper Medical, LLC (9935 Palomino Dr)
  12. Project Baby Benefit Inc (3333 Lago De Talavera)
  13. Dynamic Enterprises, Inc. (3333 Lago De Talavera)
  14. Dynamic Painting, Inc. (3333 Lago De Talavera)
  15. Tuff Pack, Inc. (3293 Lago De Talavera)
  16. Copa De Oro Inc (3293 Lago De Talavera)
  17. Llk Global Advisory Services, L.L.C. (3269 Lago De Talavera)
  18. Tnr Stateside Investments, Inc. (3319 State Road 7)
  19. Truderm Pa (3319 State Road 7)
  20. Palomino Park Professional Center Iii Condominium Association, Inc. (3347 State Rd 7)
  21. Spine & Brain, LLC (3319 State Road 7)
  22. Steven E. Rahman, M.D., P.A. (3319 State Rd 7)
  23. Dermatology Center Of Wellington, P.A. (3319 South State Road 7)
  24. Anita Garib-Sankar, M.D., P.A. (3319 State Road 7)
  25. Mbs Medical Properties, LLC (3319 Sr 7)
  26. Wellington Medstat LLC. (3319 Sr 7)
  27. Tomer Haik, D.D.S., P.A. (3319 State Road 7)
  28. Koenig & Dinkin, P.L. (3319 State Road 7)
  29. Lifestyle Medicine Specialists Of Palm Beach, LLC (3319 State Road 7)
  30. Sfro Transport, LLC (3319 State Road 7)
  31. Smile Creation Dental, LLC (3319 State Road 7)
  32. Danny Vo And Uyen Phung LLC (3319 State Road 7)
  33. Financial Asset Recovery Corp. (3319 State Road 7)
  34. Santelli Orthodontics Of Wellington, LLC (3319 State Rd 7 Suite 211)
  35. Jack I. Newcomer, M.D., P.A. (3319 State Road 7)
  36. Donna Baker Murray, LLC (3319 N State Road 7)
  37. Wellington Dermatology, LLC (3319 State Road 7)
  38. Santelli Orthodontics Of Wellington P.A. (3319 State Road 7)
  39. Truspa LLC (3319 State Rd 7)
  40. Aviation X LLC (3319 State Rd 7)
  41. M.Brace Design Studio, LLC (3365 Lago De Talavera)
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.