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Okeechobee 34972
16781 NW 256th STREET
$250,000
● Land - Off Market

16781 NW 256th STREET

OKEECHOBEE, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$288,799
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

~ 20 ACRES ~ Presently used for cattle grazing and is zoned for Ag Land. This property is cleared, fenced with new culverts, has a working well, 2 ponds, as well as a 24 x 20 concrete pad with a small storage shed. Make this your dream homestead with plenty of room for livestock and a garden! All measurements are approximate.
Unit Size
-
Days on Market
181 days
Land Size
20.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$245
HOA Dues
-
Year Built
-

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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 #OK220422)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Jul 17, 2021 Listed by MIXON REAL ESTATE GROUP $267,000
Listed by MIXON REAL ESTATE GROUP
May 7, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 871,200
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: SOUTHERN COLONIZATION CO
  • Land Acres: 0000020000
  • Standard Land Use Code: 0010
  • County Land Use Code: 009907
  • State Land Use Code: 61
  • Legal Description 1: TRACT 29 OF SECTION 26 AS TO THE SOUTHERN COLONIZATION COMPANY PLAT OF TOWNSHIP 34 SOUTH, RANGE 33 EAST, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 4, PAGES 3-3E, INCLUSIVE, PUBLIC RECORDS OF OKEECHOBEE COUNTY, FLORIDA. SUBJECT TO AN EASEMEN

Neighborhood

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

Geography

  • Subdivision Tract Number: 29
  • Parcel: 1-26-34-33-0A00-00029-A000
  • Lot: 29
  • Meridian: SEC 26 TWN 34S RNG 33E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.4814
  • Longitude: -80.9976

    Address

  • Full Address: 16781 Nw 256th St
  • Address - House Number: 16781
  • Street Direction: NW
  • Address - Street Name: 256th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $538,343
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $248,184
  • Market Land Value: $247,784
  • Market Improvement Value: $400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $248,184
  • Assessed Land Value: $247,784
  • Assessed Improvements Value: $400

    Sales

  • Current Sale Contract Date: Jan 14, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 647
  • Previous Sale Recording Date: May 07, 2019
  • Previous Sale Contract Date: Apr 12, 2019
  • Previous Sale Amount: $155,000
  • 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:

$338,200

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

95

Average Home Size

1517 ft²

Average Home Age

25.8 years

Currently For Sale

190 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

Rentals Near You

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STELLAR

Listed by: Jacalyn Sutton
MIXON REAL ESTATE GROUP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK220422
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 16781 Northwest 256th Street built and last sold?
The property at 16781 Northwest 256th Street was built in and last sold on Jan 14, 2022 for $250,000.
How much is this home worth?
The estimated value of the home located at 16781 Northwest 256th Street is $0.
What are some comparable homes to 16781 Northwest 256th Street?
There are currently no comparable homes to 16781 Northwest 256th Street.
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