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9385 Boca Gardens Cir S APT B
Score
0
Boca Raton, FL

9385 Boca Gardens Cir S APT B

435K
3 bd • 2 ba • 1,459 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.

List Price

$435,200

Price/Sq.Ft

$298

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property boasts an excellent location in Boca Gardens, with a picturesque waterfront view. The lush landscaping, including mature palm trees and a well-maintained lawn, adds significant curb appeal. At $298.29/sqft, it's priced approximately 10% below the Boca Raton average of $330/sqft for similar properties. The 3-bedroom, 2-bathroom layout in 1,459 sqft is efficiently designed, offering ample space for various buyer profiles. The property's lakefront position likely adds a 5-10% premium to its value compared to non-waterfront homes in the area. Current rental rates for 3-bedroom homes in Boca Raton average $3,300/month, suggesting a potential gross rental yield of 9.1% annually.

The Bad

The property's age is unknown, which raises concerns about potential hidden maintenance issues. Without specific information on recent upgrades or the condition of major systems (HVAC, roof, plumbing), buyers should budget for potential near-term repairs. The lack of listed features suggests the home may not have high-end finishes or modern amenities that are common in the Boca Raton market. The median income in the area ($97,855) indicates that the property may be at the upper limit of affordability for many local buyers, potentially limiting the pool of interested parties.

The Ugly

Florida's hurricane risk is a significant concern, with Boca Raton being particularly vulnerable. Insurance costs could be substantial, potentially adding $3,000-$5,000 annually to ownership costs. The waterfront location, while attractive, may increase flood insurance premiums and susceptibility to storm surge damage. Climate change and sea-level rise pose long-term risks to property value and insurability. HOA fees, which are common in Boca Raton, are not disclosed but could add $200-$400 or more to monthly costs. The competitive nature of the Boca Raton market may lead to bidding wars, potentially pushing the final price above the current listing.

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 buyers with a household income of $130,000+ annually, based on a 33% debt-to-income ratio and estimated total monthly costs. It's ideal for small families, retirees, or professionals who value waterfront living and a low-maintenance lifestyle. Investors could benefit from the strong rental market, with potential for short-term vacation rentals (subject to local regulations). The property would also appeal to out-of-state buyers looking for a winter home in Florida.

Not For

This property is not suitable for large families requiring more than 3 bedrooms or those seeking a home larger than 1,500 sqft. Buyers with incomes below $130,000 may find the total cost of ownership challenging. It's not ideal for those highly risk-averse to natural disasters or concerned about long-term climate change impacts. First-time homebuyers may find the potential additional costs (insurance, HOA, maintenance) overwhelming.
Demographics
Area Median Income

$97,855

Property History

Price History
Ownership Timeline
$0Cash Purchase
Feb 11, 2020
Theodora VitoloGail Ewald
Deed
Non-Arm's Length Transactions
$110,000Financed
Aug 14, 1995
Michael CollinsTheodora Vitolo
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

9.0/10
Excellent

Middle

8.0/10
Excellent

High

6.0/10
Good

Financials

Monthly Costs
Market Rent (3 bed)

$1,650

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$435,200
Price/sqft
$298
Layout
3 bd2 ba
0

Stats in the Area

Based on 6 comparable properties nearby

Average Price

$434,650

0.1%

Your price is 0.1% above average

Median Price

$480,000

9.3%

Based on 6 recent sales

Price per Sq.Ft

$294

1.5%

Your price is 1.5% above average $/sqft

Comparable Properties

9388 Boca Gardens Parkway #A, Boca Raton, FL 33496
Price: $425,500
Sq.Ft: 1,459
Beds/Baths: 3/2
$/Sq.Ft:
$2922.2%
Sale Date: 11/1/2024
9690 Saddlebrook Drive, Boca Raton, FL 33496
Price: $480,000
Sq.Ft: 1,427
Beds/Baths: 3/2
$/Sq.Ft:
$33612.8%
Sale Date: 11/4/2024
9092 Affirmed Lane, Boca Raton, FL 33496
Price: $549,900
Sq.Ft: 1,560
Beds/Baths: 3/2
$/Sq.Ft:
$35318.2%
Sale Date: 10/22/2024
9224 Affirmed Ln, Boca Raton, FL 33496
Price: $550,000
Sq.Ft: 1,500
Beds/Baths: 3/2
$/Sq.Ft:
$36722.9%
Sale Date: 9/23/2024
8167 Springlake Drive #A, Boca Raton, FL 33496
Price: $347,500
Sq.Ft: 1,654
Beds/Baths: 2/2
$/Sq.Ft:
$21029.6%
Sale Date: 10/25/2024
9305 Flynn Circle #8, Boca Raton, FL 33496
Price: $255,000
Sq.Ft: 1,227
Beds/Baths: 2/2
$/Sq.Ft:
$20830.3%
Sale Date: 10/28/2024

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