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Okeechobee 34972
1652 NW 50th AVENUE
$280,000
● House - Off Market

1652 NW 50th AVENUE

OKEECHOBEE, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,513 Ft²
$312,867
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

HERE IT IS, A DIAMOND IN THE ROUGH, ONE OWNER HOME SITTING ON 5 ACRES. 3 SPACIOUS BEDROOMS WITH 2BATH  FEATURES A LIVING ROOM ,A SITTING ROOM WHICH COULD CONVERT TO 4TH BEDROOM IF NEEDED , INSIDE LAUNDREY ROOM WHICH HAS THE WATER HEATER AND ELECTRIC PANEL STORED AS WELL. A 10X27 FLORIDA ROOM WAS LATER ADDED TO THE HOME. THIS HOME IS  READY FOR RENOVATION TO MAKE YOURS. THIS PROPERTY SITS ON 5 ACRES ONLY 10-15 MINUTES FROM TOWN. THERE IS A CARPORT THAT LEADS TO THE FLORIDA ROOM. A 18X17 METAL SHED IS ON THE PROPERTY AS WELL. THIS 5 ACRE PARCEL NEEDS TO BE CLEARED, PREVIOUSLY HAD HORSES AND FRUIT TREES.
Unit Size
1,513 Ft²
Days on Market
102 days
Land Size
5.00 acres
Price per sqft
$198
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1979

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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: 3 years ago (Stellar MLS #OK221543)

Price History

Date / Event Date Event Price
Oct 20, 2022 Sold
Premium
Sold
Jul 7, 2022 Listed by GILBERT REALTY GROUP $299,000
Listed by GILBERT REALTY GROUP

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Bedroom Count: 3
  • 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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 300
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 98
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,800
  • Total Building Area: 1,513
  • Gross Building Area: 1,513
  • Building Area: 1,513
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,513
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: A PT 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 SOUTHEAST CORNER OF SECTION 12, TOWNSHIP 37 SOUTH, RANGE 34 EAST, RUN THENCE NORTH 0008 EAST ALONG THE SECTION LINE A DISTANCE OF 321.4 FEET TO A POINT; THENCE RUN NORTH 8940 WEST PARALLEL TO THE NORTH BOUNDARY LINE OF SECTION 12 A D

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910202

Geography

  • Parcel: 1-12-37-34-0A00-00035-A000
  • Meridian: SEC 12 TWN 37S RNG 34E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2591
  • Longitude: -80.8804

    Address

  • Full Address: 1652 Nw 50th Ave
  • Address - House Number: 1652
  • Street Direction: NW
  • Address - Street Name: 50th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R009
  • 4-Digit Zip Code: 9602
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,683
  • Tax Year: 2022
  • Tax Amount: $115,963
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 241,277
  • High Value: 346,672
  • Low Value: 135,881

    Market Valuation

  • Market Total Value: $200,758
  • Market Land Value: $52,000
  • Market Improvement Value: $148,758

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,758
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $148,758

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Oct 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 13775
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

$223

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1584 ft²

Average Home Age

26.3 years

Currently For Sale

232 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: Theresa Kerr
GILBERT REALTY GROUP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK221543
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 1652 Northwest 50th Avenue built and last sold?
The property at 1652 Northwest 50th Avenue was built in 1979 and last sold on Aug 18, 2022 for $280,000.
How much is this home worth?
The estimated value of the home located at 1652 Northwest 50th Avenue is $0.
What are some comparable homes to 1652 Northwest 50th Avenue?
There are currently no comparable homes to 1652 Northwest 50th Avenue.
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