For Sale - 110 Princewood Ln, $535,000

Newly remodeled, open concept home is a must-see in the exclusive, gated community of The Sanctuary in Palm Beach Gardens.

Newly remodeled, open concept home is a must-see in the exclusive, gated community of The Sanctuary in Palm Beach Gardens. You will fall in love with the Brazilian granite countertops and stainless steel appliances, large master suite with soaking tub, glass surround rainfall shower and custom walk-in closet, vaulted ceilings, designer wood grain tile floors, & screened-in lanai overlooking a private wildlife preserve. The house is supplied with municipal natural gas that supports major appliances includi

Bedrooms3
Full Bathrooms2
Half Bathrooms1
High School
Middle School
Elementary School
MLS NumberA10242964
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10242964
Verified07/27/2017 01:30am


Contact Sue for additional details
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  • Phone: (321) 453 7389
  • Property ID: 2731761

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

110 Princewood Ln is a 2,889 sq ft Single Family in Palm Beach Gardens. It was built in 1994. In 2016 similar properties sold for between $358,575 and $510,952. We estimate the income value of 110 Princewood Ln at $90,757. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

110 Princewood Ln Property Summary

110 Princewood Ln
Palm Beach Gardens
FL 33410

Property Size:2,889 sq ft
Year Built:1994
Property Class:B3
Lat, Long: 26.869, -80.077
Estimated Value: 110 Princewood 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

110 Princewood Ln appears to be a B Class property. Suggested value: $435,155

HighMedianLow
Value510,952 435,155 358,575

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $90,757. 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 110 Princewood Ln:

  • The Household Income estimate assumes the tenant has a total household income of $166,245 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 $4,849
Household Income - Renters $2,207
Market Rents $2,015
Price/Ft $2,225

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 110 Princewood 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 Rent2,015
Annual Rent per Sq Ft8.00
Gross Annual Rent24,181
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount2,660
Maintenance1,502
HOA, Utilities and CAM0
Property Taxes8,401
Insurance2,847
Management Fees2,418
NOI6,353
Cap Rate7
Estimated Value90,757
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 80 of all properties in this area. This suggests it would appeal to someone earning around $166,245 per year who should qualify for a mortgage between $332,490 and $415,613.

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 80 of all properties in this area. This corresponds to a rent of $1,734 per month and a monthly household income of $5,601 ($67,212 per year)

Links

  1. 110 Princewood Ln, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 110 Princewood Ln, Palm Beach Gardens, FL on Realtor.com
  3. 110 Princewood Ln, Palm Beach Gardens, FL on Google Maps
  4. 110 Princewood 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. Andrew Greenspan & Associates, Inc. (119 Satinwood Ln)
  2. Andrea Claster Greenspan LLC (119 Satinwood Ln)
  3. Gardens Photography LLC (107 Princewood Ln)
  4. Shear/Frank Beach Property, LLC (9 Princewood Ln)
  5. Frank - Gerson Schiller Street Property, LLC (9 Princewood Ln)
  6. 908 Franklin Street Property, LLC (9 Princewood Ln)
  7. Tropical Latitudes Consulting, LLC. (9 Princewood Ln)
  8. One Voice, One Flock, One Shepherd, LLC (8 Princewood Ln)
  9. Singletogether In Christ, Inc. (8 Princewood Ln)
  10. Loads Of Love, Inc. (8 Princewood Ln)
  11. My Community Website Inc (8 Princewood Ln)
  12. Think Strategic Technology Partners, L.L.C. (12900 La Rochelle Cir)
  13. Kakalina Enterprises, Inc. (2 Princewood Ln)

Sales History

DateSold BySold ToDeed TypePrice
04/01/2011 Not Recorded Buyer: 2503219 Unknown 10.00
09/01/2014 Seller: 2503219 Buyer: 9762499 Unknown 410,000.00
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.