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Glades 34974
1189 Cabbage TRAIL
$330,000
● Land - Off Market

1189 Cabbage TRAIL

OKEECHOBEE, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$2,002
Est. Monthly
3.06%
Cap Rate

About This Property

20-Acre Ranch Oasis: This is a dream come true for ranch enthusiasts and those yearning for a serene rural lifestyle. With room for various animals, the property is ready for cattle, horses, and more. It also offers a blank canvas for your dream ranch home. The fertile land, provides diverse agricultural possibilities, from crops to livestock.

Property is fenced on three sides.
Unit Size
-
Days on Market
53 days
Land Size
20.83 acres
Price per sqft
-
Property Type
Land
Property Taxes
$283
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 #OK223914)

Price History

Date / Event Date Event Price
May 28, 2024 Sold
Premium
Sold
Apr 25, 2024 In contract -
In contract
Apr 5, 2024 Listed by MCFARLAND REAL ESTATE CO $350,000
Listed by MCFARLAND REAL ESTATE CO
Mar 10, 2023 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: 907,354
  • 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: C
  • Subdivision: CABBAGE WOODS RANCHES
  • Land Acres: 0000020830
  • Standard Land Use Code: 0010
  • County Land Use Code: 009900
  • Legal Description 1: LOT 8 20.83 AC M/L CABBAGE WOODS RANCHES UNREC LYING IN SEC 13 T38S R33E DESC AS COMM AT N 1/4 COR SEC 13 TH N89?48'00E ALNG N LI 667.74 FT TO POB TH CONT N89?48'00E ALNG N LI 671.49 FT TH S00?33'27E 1342.08 FT TH S89?24'30W 678.38 FT TH N00?15'49W 1

Neighborhood

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

Geography

  • Assessors Map Reference: 0182
  • Parcel: A07-38-34-U01-0000-0080
  • Lot: 8
  • Municipality: GLADES COUNTY
  • Latitude: 27.1938
  • Longitude: -80.9659

    Address

  • Full Address: 1189 Cabbage Trl
  • Address - House Number: 1189
  • Address - Street Name: Cabbage
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R013
  • 4-Digit Zip Code: 8618
  • Zip Code: 34974

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $339,326

    Market Valuation

  • Market Total Value: $191,636
  • Market Land Value: $191,636

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $191,636
  • Assessed Land Value: $191,636

    Sales

  • Current Sale Contract Date: Mar 03, 2023
  • Current Sale Recording Date: Mar 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 661
  • Previous Sale Recording Date: May 24, 2022
  • Previous Sale Contract Date: May 19, 2022
  • Previous Sale Amount: $145,000
  • 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 Glades

Stats & Trends

Median Asking:

$327,000

Sale Price/ft²

$209

Below Asking

0.03%

Average Days on Market

102

Average Home Size

1537 ft²

Average Home Age

26.7 years

Currently For Sale

82 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: Barry Taylor
MCFARLAND REAL ESTATE CO
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223914
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 1189 Cabbage Lane built and last sold?
The property at 1189 Cabbage Lane was built in and last sold on Mar 3, 2023 for $225,000.
How much is this home worth?
The estimated value of the home located at 1189 Cabbage Lane is $0.
What are some comparable homes to 1189 Cabbage Lane?
There are currently no comparable homes to 1189 Cabbage Lane.
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