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Okeechobee 34972
209 NE 5th AVENUE
$240,000
● House - Off Market

209 NE 5th AVENUE

OKEECHOBEE, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,312 Ft²
$1,443
Est. Monthly
11.47%
Cap Rate

About This Property

NEW METAL ROOF PRIOR TO CLOSING, MOTIVATED SELLER, RESIDENTIAL OR COMMERCIAL, Charming three-bedroom, two-bathroom concrete block home in the heart of downtown Okeechobee. This centrally located gem making it a perfect location for a rental features an open-concept living area, ideal for modern lifestyles. The versatile third bedroom doubles as a perfect family room or office. Enjoy peace of mind with a durable metal roof. The property is completely fenced and includes a one-car carport. Don't miss this opportunity for flexible, convenient living for you or tenants !CALL YOUR LOCAL AGENT TODAY
Unit Size
1,312 Ft²
Days on Market
172 days
Land Size
0.31 acres
Price per sqft
$190
Property Type
House
Property Taxes
$220
HOA Dues
-
Year Built
1973

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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: 2 years ago (Stellar MLS #OK224180)

Price History

Date / Event Date Event Price
Dec 10, 2024 Sold
Premium
Sold
Aug 17, 2024 In contract -
In contract
Aug 16, 2024 Price Decreased $249,000
↓ $4K (1.4%)
Price Decreased
Aug 5, 2024 Price Decreased $252,500
↓ $3K (1%)
Price Decreased
Jul 17, 2024 Price Decreased $255,000
↓ $5K (1.9%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • 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: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 228
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,460
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,540
  • Gross Building Area: 1,540
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OKEECHOBEE
  • Land Acres: 0000000309
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: CITY OF OKEECHOBEE (PLAT BOOK 1 PAGE 10 AND PLAT BOOK 5 PAGE 5) LOT 1 & EAST 40 FEET OF LOT 2 BLOCK 144

Neighborhood

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

Geography

  • Parcel: 3-15-37-35-0010-01440-0010
  • Block: 144
  • Lot: 1
  • Meridian: SEC 15 TWN 37S RNG 35E
  • Municipality: CITY OF OKEECHOBEE
  • Latitude: 27.2456
  • Longitude: -80.8255

    Address

  • Full Address: 209 Ne 5th Ave
  • Address - House Number: 209
  • Street Direction: NE
  • Address - Street Name: 5th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C005
  • 4-Digit Zip Code: 2986
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,458
  • Tax Year: 2022
  • Tax Amount: $283,651
  • Tax Rate Code Area: 050

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 86
  • Final Value: 214,566
  • High Value: 241,493
  • Low Value: 187,639

    Market Valuation

  • Market Total Value: $164,406
  • Market Land Value: $22,032
  • Market Improvement Value: $142,374

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $164,406
  • Assessed Land Value: $22,032
  • Assessed Improvements Value: $142,374

    Sales

  • Current Sale Contract Date: Jun 22, 2015
  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015006045
  • Previous Sale Recording Date: Dec 26, 2002
  • Previous Sale Contract Date: Dec 20, 2002
  • Previous Sale Amount: $110,000
  • 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:

$315,000

Sale Price/ft²

$203

Below Asking

0.04%

Average Days on Market

92

Average Home Size

1395 ft²

Average Home Age

42.1 years

Currently For Sale

21 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 1903 Sw 3rd Avenue, Okeechobee, FL, 34974

$2,550 /mo

  • 4 Beds
  • 2 Baths
  • 1,376 ft²
1903 Sw 3rd Avenue, Okeechobee, FL, 34974 Listing by Joseph W Stas

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: John Rickards
RED GATOR REAL ESTATE
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OK224180
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 209 Northeast 5th Avenue built and last sold?
The property at 209 Northeast 5th Avenue was built in 1973 and last sold on Jun 22, 2015 for $89,000.
How much is this home worth?
The estimated value of the home located at 209 Northeast 5th Avenue is $0.
What are some comparable homes to 209 Northeast 5th Avenue?
There are currently no comparable homes to 209 Northeast 5th Avenue.
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