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Buckhead Ridge 34974
1435 Lake DRIVE W
$300,000
● House - Off Market

1435 Lake DRIVE W

OKEECHOBEE, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,827 Ft²
$318,208
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Buckhead Ridge waterfront property with access to Lake Okeechobee. This elegant newly remodeled open concept home is a must see!! 3 bedroom/2 New full baths, gorgeous New tile throughout. Huge kitchen with New stainless steel appliances, New soft touch cabinets and New countertops. Florida room with a view of water and beautiful mature trees. Attached one car garage with an electric garage door. All New electric, New air conditioner, New air handler and New hot water heater. Cute front porch and a metal roof. Move in ready!! All measurements are approximate.
Unit Size
1,827 Ft²
Days on Market
52 days
Land Size
0.15 acres
Price per sqft
$175
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
1984

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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 #OK222866)

Price History

Date / Event Date Event Price
Aug 9, 2023 Sold
Premium
Sold
Jun 13, 2023 Listed by LAKE O REAL ESTATE, LLC $320,000
Listed by LAKE O REAL ESTATE, LLC
Oct 18, 2021 Sold
Premium
Sold
Jul 31, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2023
  • 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: 15
  • Interior Walls Type: 3
  • 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: 1
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 6,359
  • Lot Size Depth Feet: 850
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,091
  • Gross Building Area: 2,091
  • Building Area: 1,791
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,791
  • 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: 0000000146
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: LOT 177 BUCKHEAD RIDGE-5TH ADD UNIT 3 GC PB 3 PGS 46 + 47

Neighborhood

  • School District Name: Glades County School District
  • Census Tract: 910500

Geography

  • Assessors Map Reference: 202C
  • Parcel: S36-38-34-012-0000-1770
  • Lot: 177
  • Meridian: SEC 35 TWN 38 RNG 34
  • Municipality: CMTY OF BUCKHEAD RIDGE
  • Latitude: 27.1295
  • Longitude: -80.8934

    Address

  • Full Address: 1435 Lake Dr W
  • Legal Unit: 3
  • Address - House Number: 1435
  • Street Segment Direction: W
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,911
  • Tax Year: 2023
  • Tax Amount: $468,221
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 001

    Appraisal Valuation

  • Standard Deviation: 0.4879
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 2
  • Final Value: 66,475
  • High Value: 98,909
  • Low Value: 34,040

    Market Valuation

  • Market Total Value: $250,596
  • Market Land Value: $42,532
  • Market Improvement Value: $208,064

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,596
  • Assessed Land Value: $42,532
  • Assessed Improvements Value: $208,064

    Sales

  • Current Sale Contract Date: Aug 04, 2023
  • Current Sale Recording Date: Aug 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2193
  • Previous Sale Recording Date: Oct 18, 2021
  • Previous Sale Contract Date: Oct 15, 2021
  • Previous Sale Amount: $73,000
  • 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

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STELLAR

Listed by: Rhonda Patrick
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK222866
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 1435 Lake Drive West built and last sold?
The property at 1435 Lake Drive West was built in 1984 and last sold on Aug 4, 2023 for $300,000.
How much is this home worth?
The estimated value of the home located at 1435 Lake Drive West is $0.
What are some comparable homes to 1435 Lake Drive West?
There are currently no comparable homes to 1435 Lake Drive West.
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