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Okeechobee 34974
1624 SW 23rd Terrace
$190,000
● House - Off Market

1624 SW 23rd Terrace

Okeechobee, FL 34974
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,035 Ft²
$249,783
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

This well built 3bd/3ba CBS home is located in the SW section, accented with beautiful Oak Trees in the front yard.   All 3 bedrooms are large rooms, 2 large living areas, one with a fireplace.  There is so much potential for this home! Terrazzo floors. Office! Attached storage area and a detached shed in the back yard.  All measurements are approximate.  Must have 4 hour notice on all showings. This home is in probate, closing will have to cordinate with probate closing.
Unit Size
2,035 Ft²
Days on Market
143 days
Land Size
0.40 acres
Price per sqft
$103
Property Type
House
Property Taxes
$131
HOA Dues
-
Year Built
1960

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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: 6 months ago (Beaches MLS #R10678330)

Price History

Date / Event Date Event Price
May 13, 2021 Sold
Premium
Sold
Dec 14, 2020 Listed by Florida Homes Realty & Mortgage $210,000
Listed by Florida Homes Realty & Mortgage
Nov 3, 2000 Sold
Premium
Sold
Jul 8, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,162
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 870
  • Total Building Area: 2,368
  • Gross Building Area: 2,368
  • Building Area: 2,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,368
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVER LAKE ESTATES
  • Land Acres: 0000000394
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: RIVER LAKE ESTATES (PLAT BOOK 3 PAGE 14) LOTS 29 & 31

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910601

Geography

  • Parcel: 1-29-37-35-0010-00000-0290
  • Lot: 29,31
  • Meridian: SEC 29 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2287
  • Longitude: -80.852

    Address

  • Full Address: 1624 Sw 23rd Ter
  • Address - House Number: 1624
  • Street Direction: SW
  • Address - Street Name: 23rd
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C002
  • 4-Digit Zip Code: 5602
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 2,414
  • Tax Year: 2022
  • Tax Amount: $279,944
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 266,268
  • High Value: 382,580
  • Low Value: 149,955

    Market Valuation

  • Market Total Value: $242,030
  • Market Land Value: $37,500
  • Market Improvement Value: $204,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $208,125

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 07, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2021006125
  • Previous Sale Recording Date: Nov 03, 2000
  • Previous Sale Contract Date: Nov 03, 2000
  • Previous Sale Amount: $85,500
  • 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:

$337,900

Sale Price/ft²

$219

Below Asking

0.03%

Average Days on Market

92

Average Home Size

1516 ft²

Average Home Age

25.7 years

Currently For Sale

186 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 704 Sw 6th Street, FL, 34974

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
704 Sw 6th Street, FL, 34974 Listing by Michael Johnston, LLC
Unit for rent at 2201 Sw 28th Street, Okeechobee, FL, 34974

$1,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,178 ft²
2201 Sw 28th Street #30, Okeechobee, FL, 34974 Listing by Bonnie K Williams

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Diane Johnson
Florida Homes Realty & Mortgage
Last Updated: 6 months ago
Data Source: Beaches MLS, MLS# R10678330
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 1624 Southwest 23rd Terrace built and last sold?
The property at 1624 Southwest 23rd Terrace was built in 1960 and last sold on May 7, 2021 for $190,000.
How much is this home worth?
The estimated value of the home located at 1624 Southwest 23rd Terrace is $223,685.
What are some comparable homes to 1624 Southwest 23rd Terrace?
There are currently no comparable homes to 1624 Southwest 23rd Terrace.
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