For Sale - 11324 Twelve Oaks Way, $349,000

Thi Bright home is what you been looking for! New wood cabinets, stainless steel appliances, granite counter tops, Ceramic Floor

Thi Bright home is what you been looking for! New wood cabinets, stainless steel appliances, granite counter tops, Ceramic Floors and modern vanities. Separate dining room and an breakfast nook. This home can be for a single person or a family. Great views of the garden from any room in the house. One car garage and driveway plus plenty of guest parking just steps away. The community is located right across the street from Publix, near restaurants, shops, ocean and marina. Boat slips can be purchased or l

Bedrooms2
Full Bathrooms2
Half Bathrooms
High School
Middle School
Elementary School
MLS NumberA10175056
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10175056
Verified09/26/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2757907

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

11324 Twelve Oaks Way is a 1,907 sq ft Condominium in North Palm Beach. It was built in 1983. In 2016 similar properties sold for between $282,141 and $451,120. We estimate the income value of 11324 Twelve Oaks Way at $87,271. The assumptions we used to calculate this value are include in the spreadsheet linked below. North Palm Beach is in Palm Beach County, Florida.

11324 Twelve Oaks Way Property Summary

11324 Twelve Oaks Way
North Palm Beach
FL 33408

Property Size:1,907 sq ft
Year Built:1983
Property Class:B3
Lat, Long: 26.841, -80.060
Estimated Value: 11324 Twelve Oaks Way

Market Data

In 2016 class A condominium properties in North Palm Beach sold for $236.57 to 826.72 per sq ft with a median price per sq ft of $292.08. Class B properties sold for $147.95 to 236.56 per sq ft with a median of $177.13 and class C properties sold for $13.25 to 147.94 per sq ft with a median of $130.34.

Market Valuation

11324 Twelve Oaks Way appears to be a B Class property. Suggested value: $337,787

HighMedianLow
Value451,120 337,787 282,141

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $87,271. 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 11324 Twelve Oaks Way:

  • The Household Income estimate assumes the tenant has a total household income of $95,717 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 $2,792
Household Income - Renters $1,634
Market Rents $1,475
Price/Ft $1,600

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 11324 Twelve Oaks Way. 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 Rent1,475
Annual Rent per Sq Ft9.00
Gross Annual Rent17,698
Vacancies and Bad Debt11%
Vacancies and Bad Debt Amount1,947
Maintenance992
HOA, Utilities and CAM0
Property Taxes5,000
Insurance1,880
Management Fees1,770
NOI6,109
Cap Rate7
Estimated Value87,271
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 55 of all properties in this area. This suggests it would appeal to someone earning around $95,717 per year who should qualify for a mortgage between $191,434 and $239,293.

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 55 of all properties in this area. This corresponds to a rent of $1,335 per month and a monthly household income of $4,246 ($50,952 per year)

Links

  1. 11324 Twelve Oaks Way, North Palm Beach, FL on Zillow
  2. Recent Sales near 11324 Twelve Oaks Way, North Palm Beach, FL on Realtor.com
  3. 11324 Twelve Oaks Way, North Palm Beach, FL on Google Maps
  4. 11324 Twelve Oaks Way Walkscore
  5. North Palm Beach, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. Banyan Investments - Retirement, LLC (11262 Riverwood Pl)
  2. Gulfstream Realty, LLC (11262 Riverwood Pl)
  3. Wdy Properties, LLC (11262 Riverwood Pl)
  4. Wdy Land Holdings LLC (11262 Riverwood Pl)
  5. Wdy Palm Deer, LLC (11262 Riverwood Pl)
  6. Wdy Prarieview LLC (11262 Riverwood Pl)
  7. Wdy 1155 Banyan, LLC (11262 Riverwood Pl)
  8. Wdy Villa #33, LLC (11262 Riverwood Pl)
  9. Palm Beach Growers Ii, LLC (11262 Riverwood Pl)
  10. Nursery Asset Holdings, LLC (11262 Riverwood Pl)
  11. Seagate Financial Group, Inc. (11262 Riverwood Pl)
  12. Palm Beach Growers, L.L.C. (11269 Riverwood Pl)
  13. Studio Bb'S, LLC (11370 Twelve Oaks Way)
  14. Friends Of The Uffizi Gallery, Inc. (11467 Riverwood Pl)
  15. Kawama Rentals, LLC (11433 Shady Oaks Ln)
  16. Alfa Family Limited Partnership, Lllp (11467 Riverwood Pl)
  17. Alfa Properties, LLC (11467 Riverwood Pl)
  18. Alfa Equities, LLC (11467 Riverwood Pl)
  19. Amd Trust, LLC (11467 Riverwood Pl)
  20. 1880 - 10th Condominium Association, Inc. (11467 Riverwood Pl)
  21. High Note Music LLC (11463 Riverwood Pl)
  22. M & J Partner Capital, LLC (11390 Twelve Oaks Way Apt 219)
  23. Snowbird Ventures, LLC (11429 Shady Oaks Ln)
  24. Aquaadventure Tours, Inc. (11429 Shady Oaks Ln)
  25. Designer Society Of America Inc. (11296 Glen Oaks Ct)
  26. Eagle Electric Of North Palm Beach, LLC (11370 Twelve Oaks Way)
  27. Dunoff Holdings LLC (11370 Twelve Oaks Way)
  28. Reefhunter Safaris LLC (11370 Twelve Oaks Way)
  29. Banco De Leon LLC (11370 Twelve Oaks Way)
  30. A Helping Hand For A Better Future Foundation, Inc. (11370 Twelve Oaks Way)
  31. Alan Pickles, Inc. (11360 Twelve Oaks Way)
  32. Twelve Oaks Condominium Association, Inc. (11353 Twelve Oaks Way)

Sales History

DateSold BySold ToDeed TypePrice
01/01/2013 Not Recorded Buyer: 2519449 Unknown 22,100.00
02/01/2015 Seller: 2519449 Not Recorded Unknown 400.00
06/01/2015 Not Recorded Buyer: 2555737 Unknown 257,250.00
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.