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Okeechobee 34972
12307 N Us Highway 98
$145,000
● House - Off Market

12307 N Us Highway 98

Okeechobee, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,400 Ft²
$314,540
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model

About This Property

NOT A SHORT SALE! Old Florida charmer completely built with Dade County pine and meticuliously refurbished 3 bedroom, 2 bath, new electric service, barn utility building and pasture. Owner also selling adjoining 5 acres with 4 bedroom, 4 bath with pool, may consider terms if buying both properties. See MLS #R3301498, 12305 Hwy 98 N.
Unit Size
2,400 Ft²
Days on Market
142 days
Land Size
-
Price per sqft
$69
Property Type
House
Property Taxes
$162
HOA Dues
-
Year Built
1951

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 9 months ago (Beaches MLS #R3301479)

Price History

Date / Event Date Event Price
Jun 28, 2016 Sold
Premium
Sold
Mar 11, 2014 Sold
Premium
Sold
Aug 8, 2012 Listed by Illustrated Properties LLC (We $165,000
Listed by Illustrated Properties LLC (We

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 352
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 3,254
  • Gross Building Area: 3,254
  • Building Area: 3,254
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,254
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THENCE RUN
  • Land Acres: 0000005000
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BEGINNING AT THE NORTHEAST CORNER OF SECTION 7, TOWNSHIP 36 SOUTH, RANGE 34 EAST, RUN SOUTH ALONG THE EAST BOUNDARY OF SAID SECTION 7 TO THE INTERSECTION WITH THE SOUTHERLY RIGHT-OF-WAY OF U.S. 98; THENCE RUN NORTHWESTERLY ALONG SAID SOUTHERLY BOUNDA

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910101

Geography

  • Parcel: 1-07-36-34-0A00-00002-A000
  • Meridian: SEC 07 TWN 36S RNG 34E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.3571
  • Longitude: -80.9624

    Address

  • Full Address: 12307 Us Highway 98 N
  • Address - House Number: 12307
  • Street Segment Direction: N
  • Address - Street Name: Us Highway 98
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R009
  • 4-Digit Zip Code: 7838
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 3,280
  • Tax Year: 2022
  • Tax Amount: $149,394
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 211,755
  • High Value: 304,254
  • Low Value: 119,255

    Market Valuation

  • Market Total Value: $218,043
  • Market Land Value: $87,500
  • Market Improvement Value: $130,543

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,085

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 22, 2016
  • Current Sale Recording Date: Jun 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016005959
  • Previous Sale Recording Date: Mar 11, 2014
  • Previous Sale Contract Date: Mar 06, 2014
  • 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 Okeechobee

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1603 ft²

Average Home Age

26 years

Currently For Sale

230 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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BEACHES

Listed by: Daniel Biggs
Illustrated Properties LLC (We
Last Updated: 9 months ago
Data Source: Beaches MLS, MLS# R3301479
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 12307 U.S. 98 built and last sold?
The property at 12307 U.S. 98 was built in 1951 and last sold on Jun 22, 2016 for $162,500.
How much is this home worth?
The estimated value of the home located at 12307 U.S. 98 is $186,222.
What are some comparable homes to 12307 U.S. 98?
There are currently no comparable homes to 12307 U.S. 98.
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