Score
0Boynton Beach, FL
11048 Manele Court
563K
3 beds
2 baths
2,081 sqft
3 bd • 2 ba • 2,081 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$562,500
Price/Sq.Ft
$270
Year Built
2000
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 11048 Manele Court, Boynton Beach, FL 33437 offers several attractive features:
1. Recent Upgrades: The home boasts a new roof installed in 2023, a significant value-add (estimated $15,000-$20,000). Updated bathrooms and a remodeled shower in the second bath enhance appeal.
2. Location: Backing up to a nature preserve provides privacy and a serene setting. No back neighbors is a desirable feature for many buyers.
3. Size and Layout: At 2,081 sqft, it's 15% larger than the median home size in Boynton Beach (1,808 sqft). The 3-bedroom, 2-bath layout with split bedrooms is versatile and family-friendly.
4. Price Point: At $270.30/sqft, it's priced 10% below the Boynton Beach average of $300/sqft, suggesting potential value.
5. Energy Efficiency: LED recessed lighting and a new roof contribute to better energy efficiency.
6. Hurricane Preparedness: Accordion shutters throughout and a portable generator hookup enhance storm readiness, crucial in this high-wind risk area.
7. Community Amenities: Valencia Isles offers a recently renovated clubhouse with various activities, appealing to an active adult lifestyle.
8. Low Flood Risk: With a minimal flood risk score of 1/10, it's significantly better than many coastal Florida properties.
9. Appreciation Potential: The property has appreciated 63% since its last sale in 2019 ($344,400 to $562,500), outperforming the average Boynton Beach appreciation rate of 45% over the same period.
10. School Quality: Proximity to well-rated schools (Hagen Road Elementary and Park Vista Community High School, both 7/10) is beneficial for families and property values.
The Bad
1. Days on Market: At 239 days, this property has been listed significantly longer than the Boynton Beach average of 62 days, suggesting potential pricing or condition issues.
2. Price Reductions: Multiple price reductions (from $619,000 to $562,500) indicate initial overpricing and potential negotiation room, but also suggest possible market resistance.
3. Outdated Features: While some updates have been made, the kitchen appliances and some finishes may be original to the 2000 construction, potentially requiring updates.
4. HOA Fees: While specific fees aren't provided, HOA costs in Valencia Isles can be substantial, often ranging from $500-$700 monthly. This adds significantly to the total cost of ownership.
5. Market Timing: The Boynton Beach market has seen a slowdown, with median days on market increasing from 16 in 2022 to 62 in 2023. This could impact future appreciation.
6. Age of Systems: At 24 years old, major systems like HVAC and water heater may be nearing the end of their lifespan, potentially requiring replacement soon (estimated $5,000-$10,000 for HVAC).
7. Flooring: While marketed as a positive, the laminate flooring may be seen as less desirable than hardwood or high-end tile for some buyers in this price range.
8. Limited Outdoor Space: The listing doesn't mention a pool or extensive outdoor living areas, which are often sought after in South Florida homes.
9. Potential HOA Restrictions: As part of Valencia Isles, there may be restrictions on rentals, modifications, or age of residents, limiting flexibility for some buyers.
10. Property Taxes: While not specified, property taxes in Palm Beach County average 1.3% of assessed value, potentially adding $7,300+ annually to ownership costs.
The Ugly
1. Extreme Wind Risk: With a 10/10 wind risk score, insurance costs are likely to be exceptionally high and increasing. Recent Florida insurance market challenges could make coverage difficult to obtain or maintain.
2. Extreme Heat Risk: The 9/10 heat risk score, with 98th percentile temperatures reaching 106°F, poses significant comfort and energy cost concerns. HVAC systems may require more frequent replacement and maintenance.
3. Total Cost of Ownership: Estimating conservatively:
- Mortgage (30-year, 3% down, 6.5% rate): $3,400/month
- Property Taxes (1.3% of value): $610/month
- Insurance (based on $2,025/year estimate): $170/month
- HOA Fees (estimated): $600/month
- Utilities and Maintenance: $400/month
Total: Approximately $5,180/month or $62,160 annually
4. Potential Market Volatility: The property's 79.7% price increase from 2019 to 2023, followed by recent reductions, suggests potential market instability. There's a risk of short-term value decline if the market corrects.
5. Age-Related Issues: Built in 2000, the property is entering a phase where multiple systems may require replacement simultaneously. Potential costs over the next 5 years:
- HVAC replacement: $8,000-$12,000
- Water Heater: $1,000-$1,500
- Appliance Suite: $5,000-$8,000
- Exterior Paint: $6,000-$8,000
Total potential costs: $20,000-$29,500
6. Insurance Challenges: Florida's property insurance crisis may lead to coverage limitations, non-renewals, or significant premium increases, especially given the extreme wind risk.
7. Community Demographic Shifts: As an older community (Valencia Isles), there may be upcoming special assessments for infrastructure updates or declining community engagement.
8. Environmental Concerns: While flood risk is low, sea level rise and increasing storm intensity could change risk profiles and insurance requirements in the coming decades.
9. Market Position: The extended time on market and price reductions suggest the property may have challenges competing with newer or more updated homes in the area.
10. Potential Special Assessments: Given the community amenities and recent clubhouse renovation, there's a risk of special assessments for future major projects or unforeseen repairs.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for:
1. Active Adults/Retirees: The Valencia Isles community with its clubhouse and activities caters to this demographic. The single-story layout and low-maintenance features (like accordion shutters) are ideal for aging in place.
2. Mid-Range Buyers: With a price point of $562,500, it's suitable for buyers with household incomes around $150,000-$180,000 (based on traditional mortgage qualification ratios).
3. Privacy Seekers: The nature preserve backdrop and lack of rear neighbors cater to those prioritizing a secluded setting.
4. Hurricane-Conscious Buyers: Features like accordion shutters and a generator hookup appeal to those prioritizing storm preparedness.
5. Commuters: Located near major thoroughfares, it's suitable for those working in Boynton Beach or neighboring cities.
6. Low-Maintenance Lifestyle Seekers: The HOA-maintained community and single-family home combination offers a balance of privacy and reduced maintenance responsibilities.
7. Families: The 3-bedroom layout and proximity to well-rated schools make it suitable for small to medium-sized families.
8. Energy-Conscious Buyers: Recent upgrades like LED lighting and a new roof contribute to better energy efficiency.
9. Those Seeking Community: The amenities and activities in Valencia Isles appeal to those looking for an engaged, social neighborhood experience.
10. Buyers Comfortable with HOAs: The property is ideal for those who appreciate the structure and amenities that come with a well-managed homeowners association.
Not For
This property is not suitable for:
1. Luxury Buyers: At $270/sqft, it lacks high-end finishes and amenities expected in luxury properties in the area.
2. Investors Seeking Short-Term Rentals: HOA restrictions in Valencia Isles likely limit or prohibit short-term rentals.
3. Large Families: The 3-bedroom layout may be insufficient for families needing 4+ bedrooms or extensive living space.
4. Young, First-Time Homebuyers: The price point and potential HOA restrictions may not align with younger buyers' budgets or lifestyle preferences.
5. Those Seeking New Construction: Built in 2000, it lacks the modern design and up-to-date features of newer homes in Boynton Beach.
6. Buyers on Tight Budgets: With high HOA fees and potential for increased insurance costs, it's not ideal for those with limited monthly cash flow.
7. DIY Enthusiasts: HOA rules likely restrict major exterior modifications or additions.
8. Those Seeking Waterfront Property: Despite being in coastal Florida, this property doesn't offer water views or access.
9. Buyers Uncomfortable with Climate Risks: The extreme heat and wind risk scores may deter climate-conscious buyers.
10. Multi-Generational Families: The layout and community may not accommodate extended family living arrangements often sought by multi-generational households.
Demographics
Area Median Income
$66,272
Property History
Price History
Ownership Timeline
$344,400Cash Purchase
Jun 11, 2019Wendy R Bartos, Henry R BartosSandra R Sperling, Philip H Sperling
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 24, 2009Henry R Bartos, Wendy S BartosWendy R Bartos, Henry R Bartos
Intrafamily Transfer
Non-Arm's Length Transactions
$206,800Cash Purchase
Jan 1, 1970G L Homes Of Boynton BeachHenry R Bartos, Wendy S Bartos
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$6,606
2023 Tax Assessment
7.0%from previous year
Assessed Value$416,068
Tax Rate1.59%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
7.0/10
GoodHigh
2.0/10
Below AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$562,500
Price/sqft
$270
Layout
3 bd•2 ba
Days on market
239 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$497,500
13.1%
Your price is 13.1% above average
Median Price
$540,000
4.2%
Based on 6 recent sales
Price per Sq.Ft
$243
11.2%
Your price is 11.2% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 11302 Kona Court, Boynton Beach, FL 33437 | $550,000 | 2,327 | 3 | 2 | $23612.6% | 11/23/2024 |
| 11610 Briarwood 4 Circle #4, Boynton Beach, FL 33437 | $520,000 | 2,227 | 3 | 2 | $23313.6% | 10/15/2024 |
| 7137 Haviland Circle, Boynton Beach, FL 33437 | $555,000 | 1,918 | 3 | 2 | $2897.1% | 10/15/2024 |
| 10434 Utopia Circle E, Boynton Beach, FL 33437 | $505,000 | 2,172 | 3 | 2 | $23314.0% | 9/24/2024 |
| 10622 Silverton Lane, Boynton Beach, FL 33437 | $540,000 | 1,782 | 3 | 2 | $30312.1% | 10/27/2024 |
| 11738 Briarwood Circle #4, Boynton Beach, FL 33437 | $315,000 | 1,952 | 3 | 2 | $16140.3% | 9/16/2024 |
11302 Kona Court, Boynton Beach, FL 33437
Price: $550,000
Sq.Ft: 2,327
Beds/Baths: 3/2
$/Sq.Ft:
$23612.6%
Sale Date: 11/23/2024
11610 Briarwood 4 Circle #4, Boynton Beach, FL 33437
Price: $520,000
Sq.Ft: 2,227
Beds/Baths: 3/2
$/Sq.Ft:
$23313.6%
Sale Date: 10/15/2024
7137 Haviland Circle, Boynton Beach, FL 33437
Price: $555,000
Sq.Ft: 1,918
Beds/Baths: 3/2
$/Sq.Ft:
$2897.1%
Sale Date: 10/15/2024
10434 Utopia Circle E, Boynton Beach, FL 33437
Price: $505,000
Sq.Ft: 2,172
Beds/Baths: 3/2
$/Sq.Ft:
$23314.0%
Sale Date: 9/24/2024
10622 Silverton Lane, Boynton Beach, FL 33437
Price: $540,000
Sq.Ft: 1,782
Beds/Baths: 3/2
$/Sq.Ft:
$30312.1%
Sale Date: 10/27/2024
11738 Briarwood Circle #4, Boynton Beach, FL 33437
Price: $315,000
Sq.Ft: 1,952
Beds/Baths: 3/2
$/Sq.Ft:
$16140.3%
Sale Date: 9/16/2024
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