For Sale - 11318 Caladium Ln, $1,675,000

Offered for Sale at $1,675,000

This beautiful Serena model home has been recently updated inside and out! Four bedrooms plus office complimented by marble flooring throughout and new hardwood flooring in all bedrooms and office. Enjoy one of the most private and tropical backyards with views of a lagoon water feature from your own heated pool with raised spa! With over 4,000 square feet of living space, this home offers an open floor plan with gourmet kitchen and stainless steel appliances, granite, custom cabinetry, soaring ceiling

Bedrooms4
Full Bathrooms4
Half Bathrooms2
High School
Middle School
Elementary School
MLS NumberR10340148
Virtual Tourhttp://tours.pictureitsoldfl.com/792387?
Verified09/20/2017 01:30am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2724326

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Listing provided by Illustrated Properties. Copyright 2017 Multiple Listing Service of South East Florida and Miami Association of Realtors. All rights reserved.

11318 Caladium Ln is a 4,470 sq ft Single Family in Palm Beach Gardens. It was built in 2006. 11318 Caladium Ln sits on 0.27 acres of land. In 2016 similar properties sold for between $837,603 and $2,638,980. We estimate the income value of 11318 Caladium Ln at $158,583. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

11318 Caladium Ln Property Summary

11318 Caladium Ln
Palm Beach Gardens
FL 33418

Property Size:4,470 sq ft
Acreage:0.27
Year Built:2006
Property Class:A5
Lat, Long: 26.844, -80.122
Estimated Value: 11318 Caladium 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

11318 Caladium Ln appears to be an A Class property. Suggested value: $962,262

HighMedianLow
Value2,638,980 962,262 837,603

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $158,583. 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 11318 Caladium Ln:

  • The Household Income estimate assumes the tenant has a total household income of $399,396 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 $11,649
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 11318 Caladium 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 Ft11.00
Gross Annual Rent49,311
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount5,424
Maintenance2,324
HOA, Utilities and CAM0
Property Taxes22,711
Insurance4,406
Management Fees4,931
NOI9,515
Cap Rate6
Estimated Value158,583
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 95 of all properties in this area. This suggests it would appeal to someone earning around $399,396 per year who should qualify for a mortgage between $798,792 and $998,490.

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 95 of all properties in this area. This corresponds to a rent of $2,584 per month and a monthly household income of $8,529 ($102,348 per year)

Links

  1. 11318 Caladium Ln, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 11318 Caladium Ln, Palm Beach Gardens, FL on Realtor.com
  3. 11318 Caladium Ln, Palm Beach Gardens, FL on Google Maps
  4. 11318 Caladium 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. Mascari - Florida, Inc. (11213 Orange Hibiscus Ln)
  2. Perfectly Contoured Bodies, L.L.C. (11211 Orange Hibiscus Ln)
  3. Love Your Home Renovations, Inc. (11209 Orange Hibiscus Ln)
  4. W. E. L. & S., LLC (11308 Caladium Ln)
  5. Videos By Andy, LLC (11308 Caladium Ln)
  6. Atoal, LLC (11308 Caladium Ln)
  7. Gadget Guru, LLC (11308 Caladium Ln)
  8. Onlinenetwork.Com, LLC (11308 Caladium Ln)

Sales History

DateSold BySold ToDeed TypePrice
01/01/2014 Not Recorded Buyer: 9705292 Unknown 985,000.00
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.