For Sale - 3359 Gardens East Dr, $219,000

Offered for Sale at $219,000

This is a must see! Beautiful courtyard town home. The kitchen is ultra modern and unique design allowing for maximum cooking and eating pleasure flowing into dining area. The large living room overlooks spacious court yard patio. Bathrooms have been renovated. This town home is perfect for those with an active lifestyle and central to PGA restaurants, Legacy Place, Downtown Gardens, Mall and Palm Beach Gardens Hospital. Location is just minutes from I95 and beaches.

Sq Ft1326
Bedrooms2
Full Bathrooms2
Half Bathrooms1
Maintenance Charge/Month
Maintenance IncludesCommon Area,Insurance
Carport Spaces
Garage Spaces0
Pets AllowedYes
Pet Restrictions
High School
Middle School
Elementary School
MLS NumberR10350604
Verified07/27/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2743538

Please quote reference number: when you call or email


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

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
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. Enviro-Tech Of Northwest Florida, LLC (127 Partin Drive N)
  2. Fin - Coast LLC (3359 Gardens East Dr)
  3. Rrapi, Inc. (3358 Meridan Way N)
  4. Painting & Waterproofing Solutions, Inc. (3359 Gardens East Dr)
  5. Quoclan Incorporated (3508 Garden East Dr)
  6. 4s Investment Partners, LLC (3349 Gardens East Dr)
  7. Rita Buys Homes, LLC (3349 Gardens East Dr)
  8. Glenbrook Condo, LLC (3402 Gardens East Dr)
  9. Glenbrook Condominium Association, Inc. (3410 Gardens East Dr)
  10. 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.

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.