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Highlands 33852
111 Launch ROAD NW
$9,900
● Land - Off Market

111 Launch ROAD NW

LAKE PLACID, FL 33852
bedrooms
Studio
bathrooms
0 Bath
$11,238
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Build your dream house on this nearly 1/4+ acre lot in beautiful Lake Placid, one of Florida's prettiest small towns, boasting it to be the Caladium capital of the world.  Enjoy all the outdoor activities in this lake intensive area.  This area has lots to offer including golf and a community airport.
Unit Size
-
Days on Market
-
Land Size
0.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$9
HOA Dues
-
Year Built
-

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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 #OM607527)

Price History

Date / Event Date Event Price
Sep 14, 2021 Sold
Premium
Sold
Jul 20, 2017 Sold
Premium
Sold
Sep 23, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,161
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 820
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: PLACID LAKES SEC 12
  • Land Acres: 0000000233
  • Standard Land Use Code: 8000
  • County Land Use Code: 00
  • Legal Description 1: PLACID LAKES SEC 12 PB 8-PG 8 LOT 15 BLK 152

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961605

Zoning

  • Zoning: R1A

Geography

  • Parcel: C-14-37-29-120-1520-0150
  • Block: 152
  • Lot: 15
  • Meridian: SEC 14 TWN 37S RNG 29E
  • Municipality: COUNTY SOUTHWEST WATER
  • Latitude: 27.2703
  • Longitude: -81.4052

    Address

  • Full Address: 111 Launch Rd Nw
  • Address - House Number: 111
  • Street Segment Direction: NW
  • Address - Street Name: Launch
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Lake Placid
  • Carrier Code: R004
  • 4-Digit Zip Code: 6699
  • Zip Code: 33852

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,073
  • Tax Rate Code Area: 40

    Market Valuation

  • Market Total Value: $8,200
  • Market Land Value: $8,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $8,200
  • Assessed Land Value: $8,200

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2053477
  • Previous Sale Recording Date: Jul 20, 2017
  • Previous Sale Contract Date: Jul 14, 2017
  • Previous Sale Amount: $39,999
  • Previous Sale Document Type: 69
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 Highlands

Stats & Trends

Median Asking:

$279,995

Sale Price/ft²

$185

Below Asking

0.03%

Average Days on Market

100

Average Home Size

1807 ft²

Average Home Age

25.9 years

Currently For Sale

373 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

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STELLAR

Listed by: Brenda Lepper
WATSON REALTY CORP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OM607527
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 111 Launch Road Northwest built and last sold?
The property at 111 Launch Road Northwest was built in and last sold on Sep 7, 2021 for $9,900.
How much is this home worth?
The estimated value of the home located at 111 Launch Road Northwest is $9,999.
What are some comparable homes to 111 Launch Road Northwest?
There are currently no comparable homes to 111 Launch Road Northwest.
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