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Buckhead Ridge 34974
1026 12th STREET
$90,000
● Mobile Manufactured - Off Market

1026 12th STREET

OKEECHOBEE, FL 34974
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,146 Ft²
$665
Est. Monthly
22.64%
Cap Rate

About This Property

What a fantastic opportunity to own property with dock on canal with access to Lake Okeechobee for under $150,000.00!  Quiet cul-de-sac street in Buckhead Ridge area of Lake Okeechobee. A fisherman's dream and weekend getaway.  Property can also be used as short or long term rental. Zoned for single or double wide.  Beautiful quiet escape.
Unit Size
1,146 Ft²
Days on Market
66 days
Land Size
0.17 acres
Price per sqft
$96
Property Type
Mobile Manufactured
Property Taxes
$125
HOA Dues
-
Year Built
1973

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #O6192669)

Price History

Date / Event Date Event Price
Jun 14, 2024 Sold
Premium
Sold
May 13, 2024 In contract -
In contract
Apr 9, 2024 Listed by BLUE MAGNOLIA REALY LLC $110,000
Listed by BLUE MAGNOLIA REALY LLC
Jan 24, 2019 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1977
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 348
  • Parking Space Count: 1
  • Patio Type: 79
  • Porch Type: 35
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,248
  • Gross Building Area: 1,248
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 3RD ADD TO BUCKHEAD RIDGE SUB
  • Land Acres: 0000000172
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: LOT 85 REPLAT OF PORTION OF 3RD ADD TO BUCKHEAD RIDGE SUB GC PB 3 PG 32

Neighborhood

  • School District Name: Glades County School District
  • Census Tract: 000100

Geography

  • Assessors Map Reference: 202A
  • Parcel: S36-38-34-008-0000-0850
  • Lot: 85
  • Meridian: SEC 36 TWN 38 RNG 34
  • Municipality: CMTY OF BUCKHEAD RIDGE
  • Latitude: 27.1363
  • Longitude: -80.8887

    Address

  • Full Address: 1026 12th St
  • Address - House Number: 1026
  • Address - Street Name: 12th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R004
  • 4-Digit Zip Code: 0201
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,070
  • Tax Year: 2023
  • Tax Amount: $0
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.4879
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 2
  • Final Value: 75,909
  • High Value: 112,946
  • Low Value: 38,871

    Market Valuation

  • Market Total Value: $79,878
  • Market Land Value: $35,062
  • Market Improvement Value: $44,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $55,398

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 18, 2019
  • Current Sale Recording Date: Jan 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 201922000190
  • Previous Sale Recording Date: Jan 24, 2019
  • Previous Sale Contract Date: Jan 18, 2019
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Buckhead Ridge

Stats & Trends

Median Asking:

$357,450

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

73

Average Home Size

1263 ft²

Average Home Age

47.9 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 704 Sw 6th Street, Okeechobee, FL, 34974

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
704 Sw 6th Street, Okeechobee, FL, 34974 Listing by Michael J Johnston

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Dawn Briggs
BLUE MAGNOLIA REALY LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# O6192669
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1026 12th Street built and last sold?
The property at 1026 12th Street was built in 1973 and last sold on Jan 18, 2019 for $65,000.
How much is this home worth?
The estimated value of the home located at 1026 12th Street is $0.
What are some comparable homes to 1026 12th Street?
There are currently no comparable homes to 1026 12th Street.
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