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Cypress Quarters 34972
1702 NE 3rd Street
$223,000
● House - Off Market

1702 NE 3rd Street

Okeechobee, FL 34972
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,376 Ft²
$1,301
Est. Monthly

About This Property

I am gorgeous and affordable!  This is a completely remodeled 4/2 with a newer roof, newer AC, all new appliances, new flooring and freshly painted. There is a tankless water heater. Both baths have been remodeled and look at the gorgeous fixtures! This home is close to beautiful Lake Okeechobee, shopping and downtown. There is NO HOA! Get your offers in fast as multiple offers are expected. Seller might consider contributing to closing costs.
Unit Size
1,376 Ft²
Days on Market
72 days
Land Size
-
Price per sqft
$178
Property Type
House
Property Taxes
$98
HOA Dues
-
Year Built
1971

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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: 5 months ago (Beaches MLS #R10919796)

Price History

Date / Event Date Event Price
Feb 21, 2024 Sold
Premium
Sold
Sep 14, 2023 Listed by United Realty Group Inc $244,900
Listed by United Realty Group Inc
Dec 2, 2022 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 252
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,191
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 710
  • Total Building Area: 960
  • Gross Building Area: 960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 960
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GRANADA TERRACE
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: GRANADA TERRACE (PLAT BOOK 2 PAGE 63) LOT 6 & EAST 1/2 OF LOT 7 BLOCK 7

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910300

Geography

  • Parcel: 1-14-37-35-0010-00070-0060
  • Block: 7
  • Lot: 6,7
  • Meridian: SEC 14 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2454
  • Longitude: -80.8117

    Address

  • Full Address: 1702 Ne 3rd St
  • Address - House Number: 1702
  • Street Direction: NE
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C005
  • 4-Digit Zip Code: 3213
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 980
  • Tax Year: 2022
  • Tax Amount: $55,015
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 86
  • Final Value: 232,439
  • High Value: 261,609
  • Low Value: 203,269

    Market Valuation

  • Market Total Value: $69,046
  • Market Land Value: $8,528
  • Market Improvement Value: $60,518

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $69,046
  • Assessed Land Value: $8,528
  • Assessed Improvements Value: $60,518

    Sales

  • Current Sale Contract Date: Feb 15, 2024
  • Current Sale Recording Date: Feb 21, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1936
  • Previous Sale Recording Date: Dec 02, 2022
  • Previous Sale Contract Date: Nov 28, 2022
  • Previous Sale Amount: $70,000
  • 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 Cypress Quarters

Stats & Trends

Median Asking:

$269,450

Sale Price/ft²

$189

Below Asking

0.06%

Average Days on Market

101

Average Home Size

1953 ft²

Average Home Age

28.3 years

Currently For Sale

6 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, Okeechobee, FL, 34974

$2,200 /mo

  • 3 Beds
  • 2 Baths
  • 1,700 ft²
704 Sw 6th Street, Okeechobee, FL, 34974 Listing by Michael J Johnston
Unit for rent at 1031 Se 39th Terrace, Okeechobee, FL, 34974

$2,200 /mo

  • 4 Beds
  • 2 Baths
  • 1,788 ft²
1031 Se 39th Terrace, Okeechobee, FL, 34974 Listing by Martha Vasek
Unit for rent at 514 Nw 12th Street, Okeechobee, FL, 34972

$2,700 /mo

  • 3 Beds
  • 2 Baths
  • 1,200 ft²
514 Nw 12th Street, Okeechobee, FL, 34972 Listing by Phylicia Michelle Cortes

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Kamrul 'Kam' Hossain
United Realty Group Inc
Last Updated: 5 months ago
Data Source: Beaches MLS, MLS# R10919796
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 1702 Northeast 3rd Street built and last sold?
The property at 1702 Northeast 3rd Street was built in 1971 and last sold on Feb 15, 2024 for $223,000.
How much is this home worth?
The estimated value of the home located at 1702 Northeast 3rd Street is $244,520.
What are some comparable homes to 1702 Northeast 3rd Street?
There are currently no comparable homes to 1702 Northeast 3rd Street.
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