3359 Gardens East Dr is a 1,326 sq ft Single Family in Palm Beach Gardens. It was built in 1980. In 2016 similar properties sold for between $164,580 and $234,518. We estimate the income value of 3359 Gardens East Dr at $58,757. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

3359 Gardens East Dr Property Summary

3359 Gardens East Dr
Palm Beach Gardens
FL 33410

Property Size:1,326 sq ft
Year Built:1980
Property Class:B3
Lat, Long: 26.827, -80.087

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

Google Street View  of 3359 Gardens East Dr, Palm Beach Gardens, FL 33410
Estimated Value: 3359 Gardens East Dr

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

3359 Gardens East Dr appears to be a B Class property. Suggested value: $199,729

HighMedianLow
Value234,518 199,729 164,580

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $58,757. 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 3359 Gardens East Dr:

  • The Household Income estimate assumes the tenant has a total household income of $39,831 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 $1,162
Household Income - Renters $1,024
Market Rents $910
Price/Ft $1,200

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 3359 Gardens East Dr. 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 Rent910
Annual Rent per Sq Ft8.00
Gross Annual Rent10,916
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,201
Maintenance690
HOA, Utilities and CAM0
Property Taxes2,513
Insurance1,307
Management Fees1,092
NOI4,113
Cap Rate7
Estimated Value58,757
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 20 of all properties in this area. This suggests it would appeal to someone earning around $39,831 per year who should qualify for a mortgage between $79,662 and $99,578.

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 20 of all properties in this area. This corresponds to a rent of $944 per month and a monthly household income of $2,987 ($35,844 per year)

Links

  1. 3359 Gardens East Dr, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 3359 Gardens East Dr, Palm Beach Gardens, FL on Realtor.com
  3. 3359 Gardens East Dr, Palm Beach Gardens, FL on Google Maps
  4. 3359 Gardens East Dr Walkscore
  5. Palm Beach Gardens, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies at this Address

  1. Principal Address for Painting & Waterproofing Solutions, Inc.

Companies near this Address

  1. Jordan River Investments LLC (3354 Meridian Way S)
  2. Promised Investment Land LLC (3354 Meridian Way S)
  3. Heather Lj Murray Inc (3330 Meridian Way So)
  4. Enviro-Tech Of Northwest Florida, LLC (127 Partin Drive N)
  5. Gags Express LLC (3404 Gardens East Dr)
  6. Fin - Coast LLC (3359 Gardens East Dr)
  7. Rrapi, Inc. (3358 Meridan Way N)
  8. Painting & Waterproofing Solutions, Inc. (3359 Gardens East Dr)
  9. Ar Defense LLC (3500 Gardens East Dr)
  10. Go Sunny Painting LLC (3500 Gardens East Dr)
  11. Quoclan Incorporated (3508 Garden East Dr)
  12. Home Tenders Inc (3349 Gardens East Dr B)
  13. 4s Investment Partners, LLC (3349 Gardens East Dr)
  14. Rita Buys Homes, LLC (3349 Gardens East Dr)
  15. Illusion By Marchelo LLC (3400 Gardens East Dr)
  16. Triple C, LLC (3402-18a Gardens E Dr)
  17. Glenbrook Condominium Association, Inc. (3410 Gardens East Dr)
  18. Npwe, Inc. (3359 Gardens E Dr)

Sales History

DateSold BySold ToDeed TypePrice
10/01/2013 Not Recorded Not Recorded Unknown 900.00
08/01/2014 Not Recorded Not Recorded Unknown 0.00
08/01/2014 Not Recorded Buyer: 2208737 Unknown 0.00
12/01/2014 Not Recorded Not Recorded Unknown 0.00
06/01/2015 Not Recorded Buyer: 10364948 Unknown 127,500.00
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.