For Sale - 360 Crestwood Cir Unit 301, $154,000

2 bedroom / 2 bathroom condo located in a a great gated community. Close to shopping and restaurants-only 10 minutes away from

Great opportunity to live or to invest in a 2 bedroom / 2 bathroom condo located in a a great gated community. Unit features ceramic and laminated flooring, open kitchen, walking closets among others. Close to shopping and restaurants-only 10 minutes away from Wellington Mall.

Sq Ft0
Bedrooms2
Full Bathrooms2
Half Bathrooms0
Maintenance Charge/Month0
Maintenance IncludesAll Amenities
Carport Spaces
Garage Spaces1
Pets AllowedYes
Pet RestrictionsRestrictions Or Possible Restrictions
High School
Middle School
Elementary School
MLS NumberA10307506
Virtual Tourhttp://www.propertypanorama.com/instaview/mia/A10307506
Verified10/17/2017 01:31am


Contact Sue for additional details
  • Email:
  • Phone: (321) 453 7389
  • Property ID: 2804279

Please quote reference number: when you call or email


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

360 Crestwood Cir Unit 301 is a 1,294 sq ft Condominium in Royal Palm Beach. It was built in 2004. In 2016 similar properties sold for between $91,262 and $207,650. We estimate the income value of 360 Crestwood Cir Unit 301 at $20,571. The assumptions we used to calculate this value are include in the spreadsheet linked below. Royal Palm Beach is in Palm Beach County, Florida.

360 Crestwood Cir Unit 301 Property Summary

360 Crestwood Cir Unit 301
Royal Palm Beach
FL 33411

Property Size:1,294 sq ft
Year Built:2004
Property Class:B3
Lat, Long: 26.690, -80.245
Estimated Value: 360 Crestwood Cir Unit 301

Market Data

In 2016 class A condominium properties in Royal Palm Beach sold for $129.18 to 993.96 per sq ft with a median price per sq ft of $226.99. Class B properties sold for $56.77 to 129.17 per sq ft with a median of $85.39 and class C properties sold for $10.13 to 56.76 per sq ft with a median of $47.97.

Market Valuation

360 Crestwood Cir Unit 301 appears to be a B Class property. Suggested value: $137,271

HighMedianLow
Value207,650 137,271 91,262

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $20,571. 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 360 Crestwood Cir Unit 301:

  • The Household Income estimate assumes the tenant has a total household income of $26,365 and spends 34% 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 $747
Household Income - Renters $700
Market Rents $573
Price/Ft $1,200

Expense Estimates:

  • Census data records show 8% 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 360 Crestwood Cir 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 Rent573
Annual Rent per Sq Ft5.00
Gross Annual Rent6,878
Vacancies and Bad Debt13%
Vacancies and Bad Debt Amount894
Maintenance673
HOA, Utilities and CAM0
Property Taxes2,100
Insurance1,083
Management Fees688
NOI1,440
Cap Rate7
Estimated Value20,571
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 $78,588. The bottom 10% of the population earn less than $23,201 per year. The top 10% earn more than $210,922 per year. The top 1% earn more than $612,589 per year. Most renters earn between $28,404 (20th percentile) and $65,052 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $157,176 and $196,470.

The tax assessed value of this property places it in percentile 12 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 $1,145. Most renters earn between $2,367 and $5,421 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,677 (80th percentile) range. The residential vacancy rate is 8%.

This property falls in percentile 12 of all properties in this area. This corresponds to a rent of $553 per month and a monthly household income of $2,031 ($24,372 per year)

Links

  1. 360 Crestwood Cir Unit 301, Royal Palm Beach, FL on Zillow
  2. Recent Sales near 360 Crestwood Cir Unit 301, Royal Palm Beach, FL on Realtor.com
  3. 360 Crestwood Cir Unit 301, Royal Palm Beach, FL on Google Maps
  4. 360 Crestwood Cir Unit 301 Walkscore
  5. Royal Palm Beach, FL Property Values on Trulia
  6. Search for EPA and DEP Cleanup Sites

Owner Details

Companies near this Address

  1. J.A.M. Quality Painting, Inc (360 Crestwood Cir)
  2. Spray Pro'S Pressure Washing LLC (360 Crestwood Cir)
  3. $$Tax+ LLC (360 Crestwood Cir Apt 203)
  4. Otryady Group, Inc (350 Crestwood Cir)
  5. Loxahatchee Fight Club, LLC (350 Crestwood Cir)
  6. Honey Js, Inc. (360 Crestwood Cir)
  7. Funsidy LLC (340 Crestwood Cir)
  8. Funsidy Charitable Inc (340 Crestwood Cir)
  9. Infaneze Inc (340 Crestwood Cir)
  10. Rc General Home Remodeling LLC (330 Crestwood Cir)
  11. Kings Limo Inc (330 Crestwood Cir)
  12. Sparkling European Cleaning Inc. (320 Crestwood Cir)
  13. Sales Force Solutions LLC (260 Crestwood Cir)
  14. Weis Immigration Law P.A. (210 Crestwood Cir)
  15. Star Brite Building Maintenance, Inc. (350 Creswood Cir)
  16. Home Vision And Design, LLC (210 Crestwood Cir Apt 103)
  17. Secured Employment Services Inc. (210 Crestwood Cir)
  18. Cirdan, LLC (350 Crestwood Cir Apt 305)
  19. Kamis Properties LLC (330 Crestwood Cir)
  20. Correll Services, Inc. (260 Crestwood Cir)

Sales History

DateSold BySold ToDeed TypePrice
11/01/2012 Not Recorded Buyer: 7633648 Unknown 75,000.00
11/01/2013 Seller: 7633648 Not Recorded Unknown 10.00
06/01/2014 Not Recorded Buyer: 9743534 Unknown 149,500.00
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.