Score
0Palm Beach Gardens, FL
4529 Square Lake Dr
6K
4 beds
3 baths
2,731 sqft
4 bd • 3 ba • 2,731 sf
This analysis was generated on 1/27/2025. 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
$5,500
Price/Sq.Ft
$2
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• The very low price of $5,500 presents a unique opportunity for investors to enter the Palm Beach Gardens market at an exceptionally low cost. The price per square foot of $2.01 is drastically below any comparable property, making it an attractive option for high-risk investors.
• The large square footage (2,731 sqft) provides a substantial amount of space for potential redevelopment or renovation. This large footprint could potentially be reconfigured into a valuable property, allowing investors to add significant value.
• The property's location in Palm Beach Gardens provides access to a high-income area with a median income of $110,482. This location might make the property appealing after significant renovations, potentially commanding higher rents or resale values.
• The availability of rental rates data for the area allows for a rough projection of potential rental income after renovations. For a 4-bedroom property, the expected rent could be around $3,990 per month, though this is not guaranteed given the property's current condition.
• The large lot size (based on the image) may allow for future expansion or additional structures, adding potential value for investors willing to take on the project.
The Bad
• The property's extremely low price of $5,500, which translates to $2.01 per square foot, is a significant red flag, indicating a severely distressed property requiring substantial renovation and repairs. This is far below the market average for Palm Beach Gardens.
• Lack of any listed property features or a description makes it difficult to assess the property's current condition and potential. This lack of transparency introduces considerable risk and uncertainty for potential buyers.
• The unknown year built of the property makes it impossible to assess its structural integrity and potential for hidden issues, such as outdated electrical systems or plumbing. Older homes in Florida are often more prone to issues like mold, termites, and roof damage, which could lead to costly repairs.
• The absence of any room details hinders the assessment of the property’s layout and functionality. It's hard to determine if the 4 bedrooms and 3 bathrooms are adequate or if the floor plan is desirable, making it difficult to estimate its true value and usability.
• No utility information is available, making it difficult to assess the property’s infrastructure. Potential issues with the electrical system, plumbing, and HVAC could lead to significant expenses.
The Ugly
• The lack of any property information suggests that the property is likely in severe disrepair, with significant issues that may not be immediately visible. This could lead to substantial hidden costs and unexpected expenses.
• Given the low price and unknown condition, the property may require a complete gut renovation, including major structural repairs, new systems (electrical, plumbing, HVAC), and cosmetic updates. This could easily cost tens or even hundreds of thousands of dollars.
• The potential for significant legal and zoning issues associated with distressed properties can lead to costly delays and complications. There might be undisclosed liens, code violations, or other legal encumbrances that could affect the property's value and usability.
• The property's location in a hurricane-prone area means there is a high risk of future damage and increased insurance costs. Additionally, the property's unknown age and condition may make it more vulnerable to damage from high winds and flooding, increasing insurance premiums and potential repair costs.
• The significant time and effort required to renovate a distressed property of this size could lead to opportunity costs for investors. The project could take many months or even years to complete, delaying potential returns and tying up capital.
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
• Investors seeking a very low-cost entry point into the Palm Beach Gardens market with a potential for redevelopment or significant renovation. The low price of $5,500 and the substantial square footage (2,731 sqft) provides a large canvas for value-add strategies.
• Experienced flippers comfortable with deep renovations and high-risk investments. The unknown age and lack of property details indicate substantial work will be needed, which aligns with the expertise of seasoned flippers.
• Buyers with a high-risk tolerance and a strong understanding of the local market. Given the lack of details, this property presents considerable uncertainty, making it suitable only for those who can absorb potential financial losses.
• Investors willing to take on significant risks and are comfortable with uncertainty. The lack of information about the property, combined with the low price, makes it attractive to high-risk, high-reward investors.
Not For
• First-time homebuyers seeking a move-in ready property. The lack of property details and the extremely low price indicate that this property requires substantial work, making it unsuitable for those looking for a hassle-free purchase.
• Buyers with limited budgets or a low tolerance for financial risk. The unknown condition of the property could lead to significant and unexpected expenses, making it a risky investment for budget-constrained buyers.
• Buyers seeking a turn-key property. The lack of property features and details suggest that this is not a property that can be immediately lived in or rented out without substantial investment.
• Buyers needing a definite timeline for occupancy. Given the potential for significant renovations, the timeframe for moving in could be extended, making this unsuitable for those with immediate housing needs.
Demographics
Area Median Income
$110,482
Property History
Price History
Ownership Timeline
$550,000Cash Purchase
Mar 30, 2017Paul Sherman, Jeannine P ShermanMichael Darren Tomkovichh
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Mar 18, 2015Jennine P ShermanJeannine P Sherman, Paul Sherman
Intrafamily Transfer
Non-Arm's Length Transactions
$53,407Financed
Jun 30, 2004Paul Sherman, Jeannine P ShermanJeannine P Sherman
Intrafamily Transfer
Non-Arm's Length Transactions
$307,500Financed
Jan 1, 1970Robert L And Coral B CapobiancoPaul Sherman, Jeanine P Sherman
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
3.5/10
Below AverageMiddle
1.0/10
Below AverageHigh
2.0/10
Below AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,630
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$5,500
Price/sqft
$2
Layout
4 bd•3 ba
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$832,000
99.3%
Your price is 99.3% below average
Median Price
$680,000
99.2%
Based on 5 recent sales
Price per Sq.Ft
$333
99.4%
Your price is 99.4% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 8265 S Virginia Ave, Palm Beach Gardens, FL 33418 | $910,000 | 2,616 | 3 | 3 | $34817172.8% | 8/6/2024 |
| 9258 Green Meadows Way, Palm Beach Gardens, FL 33418 | $680,000 | 2,475 | N/A | N/A | $27513542.5% | 11/4/2024 |
| 8055 Damascus Drive, Palm Beach Gardens, FL 33418 | $1,285,000 | 2,664 | 4 | 2 | $48223851.2% | 9/11/2024 |
| 9355 Silverthorne Drive, Lake Park, FL 33403 | $675,000 | 2,300 | N/A | N/A | $29314472.5% | 10/22/2024 |
| 8714-8716 Satalite Terrace, West Palm Beach, FL 33403 | $610,000 | 2,288 | N/A | N/A | $26713138.3% | 9/24/2024 |
8265 S Virginia Ave, Palm Beach Gardens, FL 33418
Price: $910,000
Sq.Ft: 2,616
Beds/Baths: 3/3
$/Sq.Ft:
$34817172.8%
Sale Date: 8/6/2024
9258 Green Meadows Way, Palm Beach Gardens, FL 33418
Price: $680,000
Sq.Ft: 2,475
Beds/Baths: N/A/N/A
$/Sq.Ft:
$27513542.5%
Sale Date: 11/4/2024
8055 Damascus Drive, Palm Beach Gardens, FL 33418
Price: $1,285,000
Sq.Ft: 2,664
Beds/Baths: 4/2
$/Sq.Ft:
$48223851.2%
Sale Date: 9/11/2024
9355 Silverthorne Drive, Lake Park, FL 33403
Price: $675,000
Sq.Ft: 2,300
Beds/Baths: N/A/N/A
$/Sq.Ft:
$29314472.5%
Sale Date: 10/22/2024
8714-8716 Satalite Terrace, West Palm Beach, FL 33403
Price: $610,000
Sq.Ft: 2,288
Beds/Baths: N/A/N/A
$/Sq.Ft:
$26713138.3%
Sale Date: 9/24/2024
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