For Sale - 11203 Orange Hibiscus Ln, $1,495,000

Offered for Sale at $1,495,000

Beautifully appointed Flora floor plan on desireable 1/4 acre lot with private water feature view. This home boasts marble floors, crown molding throughout, impact rated windows and doors, volume ceilings, large closets, beautiful covered lanai with outdoor summer kitchen, lush tropical landscape, custom heated pool and raised spa. Tenant occupied, No showings until April 1, 2016.

Bedrooms3
Full Bathrooms3
Half Bathrooms2
High School
Middle School
Elementary School
MLS NumberR10190402
Virtual Tourhttps://vimeo.com/user29499649/review/165455975/a603ff6a34
Verified09/20/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2723363

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

11203 Orange Hibiscus Ln is a 3,970 sq ft Single Family in Palm Beach Gardens. It was built in 2005. 11203 Orange Hibiscus Ln sits on 0.25 acres of land. In 2016 similar properties sold for between $743,911 and $2,343,792. We estimate the income value of 11203 Orange Hibiscus Ln at $219,700. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

11203 Orange Hibiscus Ln Property Summary

11203 Orange Hibiscus Ln
Palm Beach Gardens
FL 33418

Property Size:3,970 sq ft
Acreage:0.25
Year Built:2005
Property Class:A5
Lat, Long: 26.843, -80.124
Estimated Value: 11203 Orange Hibiscus Ln

Market Data

In 2016 class A single family properties in Palm Beach Gardens sold for $182.76 to 575.81 per sq ft with a median price per sq ft of $209.96. Class B properties sold for $128.25 to 182.75 per sq ft with a median of $155.64 and class C properties sold for $11.45 to 128.24 per sq ft with a median of $118.98.

Market Valuation

11203 Orange Hibiscus Ln appears to be an A Class property. Suggested value: $854,627

HighMedianLow
Value2,343,792 854,627 743,911

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $219,700. 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 11203 Orange Hibiscus Ln:

  • The Household Income estimate assumes the tenant has a total household income of $355,258 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 $10,362
Household Income - Renters $3,424
Market Rents $3,275
Price/Ft $6,001

Expense Estimates:

  • Census data records show 6% 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 11203 Orange Hibiscus Ln. 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 Rent4,109
Annual Rent per Sq Ft12.00
Gross Annual Rent49,311
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount5,424
Maintenance2,064
HOA, Utilities and CAM0
Property Taxes19,797
Insurance3,913
Management Fees4,931
NOI13,182
Cap Rate6
Estimated Value219,700
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 $85,423. The bottom 10% of the population earn less than $25,310 per year. The top 10% earn more than $291,096 per year. The top 1% earn more than $691,178 per year. Most renters earn between $35,844 (20th percentile) and $67,212 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $170,846 and $213,558.

The tax assessed value of this property places it in percentile 93 of all properties in this area. This suggests it would appeal to someone earning around $355,258 per year who should qualify for a mortgage between $710,516 and $888,145.

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 $1,276. Most renters earn between $2,987 and $5,601 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $944 (20th percentile) to $1,734 (80th percentile) range. The residential vacancy rate is 6%.

This property falls in percentile 93 of all properties in this area. This corresponds to a rent of $2,279 per month and a monthly household income of $7,177 ($86,124 per year)

Links

  1. 11203 Orange Hibiscus Ln, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 11203 Orange Hibiscus Ln, Palm Beach Gardens, FL on Realtor.com
  3. 11203 Orange Hibiscus Ln, Palm Beach Gardens, FL on Google Maps
  4. 11203 Orange Hibiscus Ln Walkscore
  5. Palm Beach Gardens, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Ajdp, LLC (11214 Orange Hibiscus Ln)
  2. Scientific Global Comunications, Inc. (11210 Orange Hibiscus Ln)
  3. Micosha, LLC (11208 Orange Hibiscus Ln)
  4. 1114 Ndd, LLC (11218 Orange Hibiscus Ln)
  5. The Commons At College Park, LLC (11218 Orange Hibiscus Ln)
  6. J-Lo, LLC (11204 Orange Hibiscus Ln)
  7. The Selah Foundation, Inc (11204 Orange Hibiscus Ln)
  8. Palm Beach Prime Baseball Corporation (11216 Orange Hibiscus Ln)
  9. Adala Management, LLC (11216 Orange Hibiscus)
  10. Mascari - Florida, Inc. (11213 Orange Hibiscus Ln)
  11. Perfectly Contoured Bodies, L.L.C. (11211 Orange Hibiscus Ln)
  12. Love Your Home Renovations, Inc. (11209 Orange Hibiscus Ln)
  13. W. E. L. & S., LLC (11308 Caladium Ln)
  14. Videos By Andy, LLC (11308 Caladium Ln)
  15. Atoal, LLC (11308 Caladium Ln)
  16. Gadget Guru, LLC (11308 Caladium Ln)
  17. Onlinenetwork.Com, LLC (11308 Caladium Ln)
  18. Fox - Miller Investments, LLC (11131 Green Bayberry Dr)
  19. Old Palm Golf Club Turnover, LLC (11505 Green Bayberry Dr)

Sales History

DateSold BySold ToDeed TypePrice
04/01/2012 Not Recorded Not Recorded Unknown 1,150,000.00
04/01/2012 Not Recorded Buyer: 7623184 Unknown 1,150,000.00
05/01/2013 Not Recorded Buyer: 8174279 Unknown 1,150,000.00
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.