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Buckhead Ridge 34974
1047 Palm COURT
$68,000
● Land - Off Market

1047 Palm COURT

OKEECHOBEE, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$78,365
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Buckhead Ridge- Beautiful fenced vacant lot on a captive lake/pond in Buckhead Ridge. This property has 2 gorgeous oak trees, 2 sheds, carport and a driveway. Power, water and septic tank already on the property. Only 2 miles from public boat ramp on the Kissimmee River to Lake Okeechobee. Don't miss out on this one!
Unit Size
-
Days on Market
67 days
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$39
HOA Dues
-
Year Built
1970

Payment Calculator

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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 #OK222229)

Price History

Date / Event Date Event Price
Feb 24, 2023 Sold
Premium
Sold
Dec 15, 2022 Listed by LAKE O REAL ESTATE, LLC $75,000
Listed by LAKE O REAL ESTATE, LLC
Mar 7, 2005 Sold
Premium
Sold
Oct 20, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 240
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 27
  • Pool Type: 0
  • Location Influence Type: 167

    Dimensions

  • Lot Size Square Feet: 14,549
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 1,120
  • Total Building Area: 1,523
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: WESTLAKE SUB
  • Land Acres: 0000000334
  • Standard Land Use Code: 8001
  • County Land Use Code: 000
  • State Land Use Code: 0200
  • Legal Description 1: LOT 38 WESTLAKE SUB GC PB 3 PGS 129-130

Neighborhood

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

Geography

  • Assessors Map Reference: 202C
  • Parcel: S36-38-34-006-0000-0380
  • Lot: 38
  • Meridian: SEC 35 TWN 38 RNG 34
  • Municipality: CMTY OF BUCKHEAD RIDGE
  • Latitude: 27.1332
  • Longitude: -80.8965

    Address

  • Full Address: 1047 Palm Ct
  • Address - House Number: 1047
  • Address - Street Name: Palm
  • Address - Suffix Type: Ct
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R004
  • 4-Digit Zip Code: 0527
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,188
  • Tax Year: 2023
  • Tax Amount: $62,815
  • Tax Rate Code Area: 001

    Market Valuation

  • Market Total Value: $44,802
  • Market Land Value: $38,808
  • Market Improvement Value: $5,994

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $44,802
  • Assessed Land Value: $38,808
  • Assessed Improvements Value: $5,994

    Sales

  • Current Sale Contract Date: Feb 20, 2023
  • Current Sale Recording Date: Feb 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 500
  • Previous Sale Recording Date: Mar 07, 2005
  • Previous Sale Contract Date: Feb 28, 2005
  • Previous Sale Amount: $85,000
  • 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:

$375,000

Sale Price/ft²

$240

Above Asking

0.00%

Average Days on Market

72

Average Home Size

1286 ft²

Average Home Age

50.6 years

Currently For Sale

14 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 1248 Chobee Street, Okeechobee, FL, 34974

$1,300 /mo

  • 3 Beds
  • 2 Baths
  • 1,169 ft²
1248 Chobee Street, Okeechobee, FL, 34974 Listing by Joseph W Stas

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Rhonda Patrick
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK222229
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 1047 Palm Court built and last sold?
The property at 1047 Palm Court was built in 1970 and last sold on Feb 20, 2023 for $68,000.
How much is this home worth?
The estimated value of the home located at 1047 Palm Court is $0.
What are some comparable homes to 1047 Palm Court?
There are currently no comparable homes to 1047 Palm Court.
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