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Buckhead Ridge 34974
1238 24th STREET
$360,000
● House - Off Market

1238 24th STREET

OKEECHOBEE, FL 34974
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,151 Ft²
$2,249
Est. Monthly
4.79%
Cap Rate

About This Property

~Buckhead Ridge Beauty~ 2 bed 2 bath in a quiet neighborhood. Located on a canal , minutes from the lake or public boat ramp. Boathouse with lift. Nice seawall- fish cleaning station- CBS home with 2 car garage. The home has custom made cherry cabinets in the kitchen and bathrooms. Stainless steel appliances, new 2022 air conditioner and 2022 hot water heater. Enclosed Florida room with French doors that can be used for a multiple things. irrigation system and a 2023 shed outback for additional storage. Great full-time or winter home!!
Unit Size
1,151 Ft²
Days on Market
120 days
Land Size
0.18 acres
Price per sqft
$338
Property Type
House
Property Taxes
$336
HOA Dues
-
Year Built
2007

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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: 2 years ago (Stellar MLS #OK224557)

Price History

Date / Event Date Event Price
Feb 8, 2025 Sold
Premium
Sold
Jan 15, 2025 In contract -
In contract
Nov 10, 2024 Price Decreased $389,500
↓ $9K (2.3%)
Price Decreased
Oct 11, 2024 Listed by LAKE O REAL ESTATE, LLC $398,500
Listed by LAKE O REAL ESTATE, LLC
Jan 14, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 603
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 98
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 7,666
  • Lot Size Depth Feet: 1,100
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,754
  • Gross Building Area: 1,754
  • Building Area: 1,151
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,151
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUCKHEAD RIDGE-5TH ADD
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: LOT 214 BUCKHEAD RIDGE-5TH ADD UNIT 3 GC PB 3 PGS 46 + 47

Neighborhood

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

Geography

  • Assessors Map Reference: 202C
  • Parcel: S36-38-34-012-0000-2140
  • Lot: 214
  • Meridian: SEC 35 TWN 38 RNG 34
  • Municipality: CMTY OF BUCKHEAD RIDGE
  • Latitude: 27.1281
  • Longitude: -80.8943

    Address

  • Full Address: 1238 24th St
  • Legal Unit: 3
  • Address - House Number: 1238
  • Address - Street Name: 24th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R004
  • 4-Digit Zip Code: 0209
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,662
  • Tax Year: 2023
  • Tax Amount: $403,697
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.4879
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 2
  • Final Value: 215,599
  • High Value: 320,793
  • Low Value: 110,404

    Market Valuation

  • Market Total Value: $215,802
  • Market Land Value: $39,697
  • Market Improvement Value: $176,105

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,802
  • Assessed Land Value: $39,697
  • Assessed Improvements Value: $176,105

    Sales

  • Current Sale Contract Date: Jan 12, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 144
  • Previous Sale Recording Date: Feb 20, 2001
  • Previous Sale Contract Date: Feb 20, 2001
  • Previous Sale Amount: $52,000
  • Previous Sale Document Type: 27
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 1134 6th Street, Okeechobee, FL, 34974

$2,000 /mo

  • 3 Beds
  • 2 Baths
  • 1,425 ft²
1134 6th Street, Okeechobee, FL, 34974 Listing by Krystal Moore

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Rhonda Patrick
LAKE O REAL ESTATE, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OK224557
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 1238 24th Street built and last sold?
The property at 1238 24th Street was built in 2007 and last sold on Jan 12, 2022 for $277,000.
How much is this home worth?
The estimated value of the home located at 1238 24th Street is $0.
What are some comparable homes to 1238 24th Street?
There are currently no comparable homes to 1238 24th Street.
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