| The status of any investment, including real estate investments, cannot be predicted with absolute or one hundred percent certainty. Due to the varying degrees of uncertainty of any investment, the recipient or reader of this real estate analysis should not expect, and RESICOM Analytics, Inc. expressly disclaims, any promises, guarantees or absolute predictions of future real estate performance. Demographic data provided by Urban Decision Systems, 3975 Fair Ridge Drive, Suite 200 North, Fairfax, VA 22033-2906 800-633-9568 and the U.S. Census Bureau. |
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RESIDENTIAL CALCULATIONS |
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| Like all other aspects of the economy, real estate appreciation is greatly affected by the supply and demand shifts of various economic indicators. The RESICOM Residential Index analyzes the economic indicators that directly impact property value appreciation. The resultant computations are derived from detailed analysis of demographic data. Key data sources: National Association of REALTORS®, Bureau of Economic Analysis and Bureau of Labor Statistics. Note: Condominiums and Townhomes located in rural areas may have slightly lower appreciation rates due to the possibility of lower demand. |
MARKET OVERVIEW |
Residential values surrounding 1083 Tiger Trace Blvd increased primarily due to strong employment and population increases of +28.0% and +35.6% over the last 5 yrs. The median income also rose to $46,026, an increase of +10.9% since 1991. Future values should rise quickly due to strong demand and moderate retail development. |
AVERAGE ANNUAL APPRECIATION |
| Estimates the annual appreciation rate by evaluating the rate of appreciation over the previous five years. The cumulative rate of appreciation is calculated and divided by 5, thus providing an average annual rate of appreciation. IMPORTANT: Please note that the following appreciation rate was calculated by evaluating comparable home sales within a 1-2 mile radius of the subject property. |
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1083 Tiger Trace Blvd has an estimated rate of appreciation of +3.5% per year, over the past 5 year period. |
FUTURE 5 YR YIELD |
| Estimates the property's increase in value at the end of a five year period. The yield, compounded annually, is computed using the current rate of appreciation for each of the next five years. |
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At the current rate of appreciation, 1083 Tiger Trace Blvd is estimated to have a +18.8% increase in value at the end of 2001. |
FUTURE PROBABILITY |
| Estimates the probability of the prospective property appreciating at the previous five year rate of efficiency. The future probability, given in a percentage, forecasts the chance of the property's present annual appreciation rate continuing over the next five years. |
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1083 Tiger Trace Blvd has a +89.7% probability that it will continue to appreciate at the rate of +3.5% per year or greater over the next five years. |
SPECULATION ASSESSMENT |
| Evaluates the degree of speculation involved in owning the prospective property by analyzing the property's annual appreciation rate, future probability and value. The property's speculation variable is compared to the county's overall speculation variable and receives a rating of 1-low speculation, 2-moderate speculation or 3-high speculation. |
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1083 Tiger Trace Blvd receives a rating of 2 - a moderate speculation investment. |
PROPERTY/CONSUMER PROFILE |
| Identifies the minimal holding period needed for the prospective property to accrue substantial appreciation gains. This allows consumers to choose prospective properties based on their individual investment needs. The property is classified as an S-short term (minimum ownership 4 years), M-medium term (minimum ownership 7 years) or L-long term (minimum ownership 10 years). |
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1083 Tiger Trace Blvd is classified as an S - short term (minimum ownership 4 years). |
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RESIDENTIAL SUMMARY |
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| This report utilized the RESICOM Residential Index in calculating the property's performance ratings in 5 categories of real estate evaluation. |
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Subject Property:
1083 Tiger Trace Blvd
Gulf Breeze, FL 32561-3185 |
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| Index Base: Santa Rosa County |
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| Beds:3 Baths:2 |
Estimated Value: $177,990
Year Built: 1997 |
| Average Annual Appreciation | +3.5%
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| Future 5 Yr Yield | +18.8%
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| Future Probability | +89.7%
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| Speculation Assessment | 2
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| Property/Consumer Profile | S
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Provided By:
Samuel Hartzog,
Pensacola Realty,
800-625-7699
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DEMOGRAPHICS |
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| The following demographics, which are conveyed in whole numbers, pertain to the Census Block Group surrounding the subject property. The Block Group contains approximately 1000 households. |
POPULATION |
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| Variable | Category | 1991 | 1996 | % Chg
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| Age
| Under 5 years | 165 | 205 | +24.2%
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| 5 to 9 years | 147 | 187 | +27.2%
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| 10 to 14 years | 155 | 167 | +7.7%
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| 15 to 17 years | 108 | 177 | +63.9%
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| 18 to 24 years | 192 | 220 | +14.6%
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| 25 to 34 years | 362 | 409 | +13.0%
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| 35 to 44 years | 420 | 563 | +34.0%
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| 45 to 54 years | 328 | 481 | +46.6%
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| 55 to 64 years | 230 | 283 | +23.0%
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| 65 to 74 years | 118 | 147 | +24.6%
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| 75 to 84 years | 30 | 43 | +43.3%
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| 85 years and over | 8 | 12 | +50.0%
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| Median age | 35 | 37 | +5.7%
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| Sex
| Male | 920 | 1402 | +52.4%
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| Female | 968 | 1492 | +54.1%
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| Marital Status
| Single Male | 303 | 464 | +53.1%
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| Single Female | 325 | 497 | +52.9%
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| Married | 1185 | 1478 | +24.7%
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| Households with Children
| Married Couple Family | 606 | 929 | +53.3%
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| Other Family - Male Head | 13 | 20 | +53.8%
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| Other Family - Female Head | 101 | 154 | +52.5%
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| Non-Family | 29 | 44 | +51.7%
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LABOR FORCE |
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| Variable | Category | 1991 | 1996 | % Chg
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| Type
| Civilian | 1208 | 1548 | +28.1%
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| Military | 8 | 9 | +12.5%
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| Status
| Employed | 1216 | 1557 | +28.0%
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| Unemployed | 50 | 64 | +28.0%
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| Occupation
| Executive and Managerial | 243 | 304 | +25.1%
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| Professional Specialty | 148 | 196 | +32.4%
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| Technical Support | 83 | 106 | +27.7%
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| Sales | 235 | 291 | +23.8%
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| Service: Private Household | 0 | 0 | 0.0%
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| Service: Protective | 12 | 17 | +41.7%
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| Service: Other | 159 | 209 | +31.4%
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| Income
| $10,000 to $19,999 | 96 | 107 | +11.5%
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| $20,000 to $34,999 | 164 | 224 | +36.6%
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| $35,000 to $49,999 | 205 | 215 | +4.9%
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| $50,000 to $74,999 | 169 | 240 | +42.0%
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| $75,000 to $99,999 | 78 | 129 | +65.4%
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| $100,000 or more | 75 | 130 | +73.3%
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| Median Income | $41,501 | $46,026 | +10.9%
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| Transportation to Work
| Drive Alone | 1014 | 1297 | +27.9%
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| Car Pool | 163 | 208 | +27.6%
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| Public Transportation | 11 | 13 | +18.2%
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| Departure Time for Work
| 5:00 AM to 5:59 AM | 53 | 67 | +26.4%
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| 6:00 AM to 6:59 AM | 290 | 371 | +27.9%
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| 7:00 AM to 7:59 AM | 372 | 476 | +28.0%
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| 8:00 AM to 8:59 AM | 173 | 221 | +27.7%
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SCHOOL TYPE AND ENROLLMENT |
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| Variable | Category | 1991 | 1996 | % Chg
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| Pre-Primary School
| Private | 0 | 0 | 0.0%
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| Public | 24 | 30 | +25.0%
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| Elementary thru High School
| Private | 34 | 43 | +26.5%
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| Public | 382 | 485 | +27.0%
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| College
| Private | 28 | 31 | +10.7%
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| Public | 197 | 224 | +13.7%
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| Educational Attainment
| Less than 9th Grade | 43 | 62 | +44.2%
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| 9th to 12th Grade (no diploma) | 101 | 137 | +35.6%
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| High School Graduates | 262 | 347 | +32.4%
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| Some College (no degree) | 506 | 648 | +28.1%
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| Associate Degree | 115 | 148 | +28.7%
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| Bachelor's Degree | 296 | 378 | +27.7%
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| Graduate Degree | 170 | 218 | +28.2%
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Due to the shifts in economic indicators
1083 Tiger Trace Blvd
should be monitored on a year-to-year basis.
The next RESICOM Residential Real Estate Report for
1083 Tiger Trace Blvd should be processed on or before Nov 5, 1998.
Provided By:
Samuel Hartzog
Pensacola Realty
2803 E Cervantes St
Pensacola, FL 32503-6335
Phone Number: 800-625-7699
Generated: Wed Nov 05 12:36:01 EST 1997