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Okeechobee 34972
2195 NE 138th STREET
$325,000
● House - Off Market

2195 NE 138th STREET

OKEECHOBEE, FL 34972
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,196 Ft²
$2,020
Est. Monthly
8.91%
Cap Rate

About This Property

~Country Hills Estates~ 4 Bed- 2 Bath on 2.18 Acres. Fenced & Gated. Hardwood floors throughout. High ceilings lots of light.  Nice front porch & side screened porch off living room (7 X 19). Big Master bedroom w/bath (walk-in shower & Jacucci bathtub. Metal roof- 5 years old. Small pole barn for animals. Huge bedrooms with wide doors. Hardy board siding. Garage with carport for equipment. New water softener. Bridge over small creek. Unique piece of property!
Unit Size
2,196 Ft²
Days on Market
51 days
Land Size
2.18 acres
Price per sqft
$178
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1991

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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 #OK223447)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Premium
Sold
Dec 14, 2023 In contract -
In contract
Nov 12, 2023 Listed by LAKE O REAL ESTATE, LLC $389,900
Listed by LAKE O REAL ESTATE, LLC
Jun 30, 2017 Sold
Premium
Sold
May 20, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 6
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 21
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,960
  • Total Building Area: 2,996
  • Gross Building Area: 3,116
  • Building Area: 2,996
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,996
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY HILLS ESTATES
  • Land Acres: 0000002180
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: A PORTION OF LOT 7, BLOCK 7, COUNTRY HILLS ESTATES, ACCORDING TO THE PLAT THEREOF RECORDED IN PLAT BOOK 4, PAGE 97, OF THE PUBLIC RECORDS OF OKEECHOBEE COUNTY, FLORIDA; BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE SOUTHWEST CORNER

Neighborhood

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

Geography

  • Parcel: 1-02-36-35-0010-00070-007A
  • Block: 7
  • Lot: 7
  • Meridian: SEC 02 TWN 36S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.3709
  • Longitude: -80.8048

    Address

  • Full Address: 2195 Ne 138th St
  • Address - House Number: 2195
  • Street Direction: NE
  • Address - Street Name: 138th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R011
  • 4-Digit Zip Code: 8548
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 3,103
  • Tax Year: 2022
  • Tax Amount: $126,238
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 86
  • Final Value: 383,700
  • High Value: 431,853
  • Low Value: 335,547

    Market Valuation

  • Market Total Value: $264,407
  • Market Land Value: $48,060
  • Market Improvement Value: $216,347

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $95,049

    Sales

  • Current Sale Contract Date: Jan 02, 2024
  • Current Sale Recording Date: Jan 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 210
  • Previous Sale Recording Date: Jun 30, 2017
  • Previous Sale Contract Date: Jun 29, 2017
  • Previous Sale Amount: $40,000
  • 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:

$337,900

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

82

Average Home Size

1558 ft²

Average Home Age

27.1 years

Currently For Sale

237 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: Jody Carter
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223447
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 2195 Northeast 138th Street built and last sold?
The property at 2195 Northeast 138th Street was built in 1991 and last sold on Jan 2, 2024 for $325,000.
How much is this home worth?
The estimated value of the home located at 2195 Northeast 138th Street is $0.
What are some comparable homes to 2195 Northeast 138th Street?
There are currently no comparable homes to 2195 Northeast 138th Street.
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