11017 Legacy Ln Unit 102 is a 1,454 sq ft Condominium in Palm Beach Gardens. It was built in 2003. In 2016 similar properties sold for between $160,331 and $245,561. We estimate the income value of 11017 Legacy Ln Unit 102 at $54,629. The assumptions we used to calculate this value are include in the spreadsheet linked below. Palm Beach Gardens is in Palm Beach County, Florida.

11017 Legacy Ln Unit 102 Property Summary

11017 Legacy Ln Unit 102
Palm Beach Gardens
FL 33410

Property Size:1,454 sq ft
Year Built:2003
Property Class:B3
Lat, Long: 26.840, -80.089

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 11017 Legacy Ln Unit 102, Palm Beach Gardens, FL 33410
Estimated Value: 11017 Legacy Ln Unit 102

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

11017 Legacy Ln Unit 102 appears to be a B Class property. Suggested value: $197,915

HighMedianLow
Value245,561 197,915 160,331

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $54,629. 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 11017 Legacy Ln Unit 102:

  • The Household Income estimate assumes the tenant has a total household income of $62,433 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 $1,821
Household Income - Renters $1,303
Market Rents $1,120
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 11017 Legacy Ln Unit 102. 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 Rent1,120
Annual Rent per Sq Ft9.00
Gross Annual Rent13,435
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,478
Maintenance756
HOA, Utilities and CAM0
Property Taxes4,600
Insurance1,433
Management Fees1,344
NOI3,824
Cap Rate7
Estimated Value54,629
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 36 of all properties in this area. This suggests it would appeal to someone earning around $62,433 per year who should qualify for a mortgage between $124,866 and $156,083.

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 36 of all properties in this area. This corresponds to a rent of $1,087 per month and a monthly household income of $3,617 ($43,404 per year)

Links

  1. 11017 Legacy Ln Unit 102, Palm Beach Gardens, FL on Zillow
  2. Recent Sales near 11017 Legacy Ln Unit 102, Palm Beach Gardens, FL on Realtor.com
  3. 11017 Legacy Ln Unit 102, Palm Beach Gardens, FL on Google Maps
  4. 11017 Legacy Ln Unit 102 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. Acw Design LLC (11019 Legacy Ln)
  2. Value Engineered Air, LLC (11000 Legacy Ln)
  3. J. R. Commercial Enterprise, LLC (11023 Legacy Ln)
  4. Nacion Latina, LLC (11023 Legacy Ln)
  5. A Best Reglazing LLC (11023 Legacy Ln)
  6. Oak & Tides LLC (11019 Legacy Ln)
  7. Revu Media LLC (11019 Legacy Ln)
  8. Living Learning Libraries, Inc. (11013 Legacy Ln)
  9. Yire, Inc (11013 Legacy Lane #302)
  10. Scott'S Home Works, Inc. (11147 Monet Ter)
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.