For Sale - 11032 Legacy Dr Unit 301, $179,000

Gated community, Minutes away from the Mall, Legacy Place shopping & restaurants. Washer/dryer in unit, laminated & tile

Amazing gated community, centrally located with quick access to 95 and turnpike. Minutes away from the Gardens Mall and Legacy Place shopping and restaurants. Legacy Place offers resort style living with pool, gym, playground and tennis courts. Washer/dryer in unit, laminated & tile floors.

Sq Ft0
Bedrooms1
Full Bathrooms1
Half Bathrooms0
Maintenance Charge/Month0
Maintenance IncludesCommon Area,Insurance,Landscaping/Lawn Maintenance,Pool Service,Roof Repairs
Carport Spaces0
Garage Spaces0
Pets AllowedYes
Pet RestrictionsMaximum 20 Lbs
High School
Middle School
Elementary School
MLS NumberA10299876
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10299876
Verified09/26/2017 01:32am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2738580

Please quote reference number: when you call or email


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

11032 Legacy Dr Unit 301 is a 846 sq ft Condominium in Palm Beach Gardens. It was built in 2003. In 2016 similar properties sold for between $93,287 and $142,878. We estimate the income value of 11032 Legacy Dr Unit 301 at $56,771. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

11032 Legacy Dr Unit 301 Property Summary

11032 Legacy Dr Unit 301
Palm Beach Gardens
FL 33410

Property Size:846 sq ft
Year Built:2003
Property Class:B3
Lat, Long: 26.839, -80.092
Estimated Value: 11032 Legacy Dr Unit 301

Market Data

In 2016 class A condominium properties in Palm Beach Gardens sold for $174.52 to 333.74 per sq ft with a median price per sq ft of $193.13. Class B properties sold for $113.94 to 174.51 per sq ft with a median of $140.65 and class C properties sold for $17.65 to 113.93 per sq ft with a median of $103.23.

Market Valuation

11032 Legacy Dr Unit 301 appears to be a B Class property. Suggested value: $115,156

HighMedianLow
Value142,878 115,156 93,287

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $56,771. 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 11032 Legacy Dr Unit 301:

  • The Household Income estimate assumes the tenant has a total household income of $26,365 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 $769
Household Income - Renters $860
Market Rents $775
Price/Ft $1,000

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 11032 Legacy Dr Unit 301. 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 Rent775
Annual Rent per Sq Ft11.00
Gross Annual Rent9,301
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,023
Maintenance440
HOA, Utilities and CAM0
Property Taxes2,100
Insurance834
Management Fees930
NOI3,974
Cap Rate7
Estimated Value56,771
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 11 of all properties in this area. This suggests it would appeal to someone earning around $26,365 per year who should qualify for a mortgage between $52,730 and $65,913.

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 11 of all properties in this area. This corresponds to a rent of $814 per month and a monthly household income of $2,563 ($30,756 per year)

Links

  1. 11032 Legacy Dr Unit 301, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 11032 Legacy Dr Unit 301, Palm Beach Gardens, FL on Realtor.com
  3. 11032 Legacy Dr Unit 301, Palm Beach Gardens, FL on Google Maps
  4. 11032 Legacy Dr Unit 301 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. Oceanview407 LLC (11022 Legacy Dr)
  2. Gp&J Enterprises, LLC (11022 Legacy Dr)
  3. The Stealth Firm L.L.C. (11022 Legacy Dr)
  4. Denise & Company, Inc. (11026 Legacy Dr)
  5. Beacon Films, LLC (11039 Legacy Blvd)
  6. Sgmgp, LLC (11028 Legacy Dr)
  7. S Lewis Enterprises Inc (11032 Legacy Dr)
  8. Patti Brooks Designs LLC (11030 Legacy Dr)
  9. Pristine Seafoods, Inc. (11032 Legacy Dr)
  10. Wilkinson Real Estate Services, LLC (114 Legacy Crossing Dr)
  11. Kll Investment Group, LLC (96 Legacy Crossing Dr)
  12. Jade Sha Md LLC (11035 Legacy Blvd)
  13. Jade Sha Medical P.A. (11035 Legacy Blvd)
  14. Poshpadz Luxury Properties, Inc (11033 Legacy Blvd)
  15. Uniquity Counseling, LLC (11024 Legacy Dr)
  16. Simpkey LLC (11024 Legacy Dr)
  17. Mlb Technology Consulting, LLC (11018 Legacy Dr)
  18. Ecuador Cares Foundation Inc. (11018 Legacy Dr)
  19. Satellite Foods, LLC (11037 Legacy Blvd)
  20. Space Coast Foods, LLC (11037 Legacy Blvd)
  21. Banyan Healthcare Solutions Inc (11031 Legacy Blvd)
  22. F Gomez Photography, LLC (11032 Legacy Blvd)
  23. 786 Ss LLC (11033 Legacy Blvd)
  24. 786 Wali Inc. (11033 Legacy Blvd)
  25. 786 Rs LLC (11033 Legacy Blvd)
  26. 786 Ashfaq Kashar Inc. (11033 Legacy Blvd)
  27. Reed Provisions LLC (11033 Legacy Blvd)
  28. Jso Group LLC (11031 Legacy Blvd)
  29. Md Provisons Inc. (11031 Legacy Blvd)
  30. Poshpadz Property And Concierge Services LLC (11033 Legacy Blvd #304)
  31. Aquarius Income Properties, LLC (11027 Legacy Blvd)
  32. Aquarius Income 525, LLC (11027 Legacy Blvd)
  33. Aquarius Income 410, LLC (11027 Legacy Blvd)
  34. Lnp Therapy, Inc. (11027 Legacy Blvd #204)
  35. La Carolina Corp. (11025 Legacy Blvd)
  36. Greenreal Corp. (11025 Legacy Blvd)
  37. Zmi Properties, LLC (11041 Legacy Blvd)
  38. Cathey'S Custom Draperies, Inc. (11041 Legacy Blvd)
  39. The Wpb Shops, LLC (11041 Legacy Blvd)
  40. Race Coast Foods, LLC (11037 Legacy Blvd)
  41. G&K Produce LLC (11037 Legacy Blvd)
  42. Square Treasure Foods, Inc. (11037 Legacy 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.