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Okeechobee 34972
2509 NW 5th STREET
$280,000
● House - Off Market

2509 NW 5th STREET

OKEECHOBEE, FL 34972
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,245 Ft²
$278,432
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Under Construction. ***BRAND NEW CONSTRUCTION***Estimated completion and receipt of certificate of occupancy date of mid-June 2023.  Beautifully designed with modern finishes describe this stunning new CBS construction 3 bedroom/2 bath home with tile flooring throughout and solid countertops.  Energy efficient impact windows and spray foam insulation will be appreciated each month when the power bill comes along with the peace of mind of having a home warranty accompanying the purchase as a service to the new owner.
Unit Size
1,245 Ft²
Days on Market
99 days
Land Size
0.29 acres
Price per sqft
$225
Property Type
House
Property Taxes
$10
HOA Dues
-
Year Built
1970

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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 #OK222775)

Price History

Date / Event Date Event Price
Aug 15, 2023 Sold
Premium
Sold
May 7, 2023 Listed by BROWN AND COMPANY REALTY $280,000
Listed by BROWN AND COMPANY REALTY
Apr 26, 2022 Sold
Premium
Sold
Apr 29, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Living Units: 1
  • 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: 12,750
  • Lot Size Depth Feet: 1,275
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 1,002
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 0
  • Heated Square Feet: 924
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: OKEECHOBEE PARK
  • Land Acres: 0000000293
  • Standard Land Use Code: 8001
  • County Land Use Code: 803
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: SUBDIVISION OF A PORTION OF OKEECHOBEE PARK (PLAT BOOK 1 PAGE 28) LOTS 19 & 20 BLOCK 35

Neighborhood

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

Geography

  • Parcel: 1-17-37-35-0020-00350-0190
  • Block: 35
  • Lot: 19,20
  • Meridian: SEC 17 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2483
  • Longitude: -80.8539

    Address

  • Full Address: 2509 Nw 5th St
  • Address - House Number: 2509
  • Street Direction: NW
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C001
  • 4-Digit Zip Code: 2307
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 995
  • Tax Year: 2022
  • Tax Amount: $29,142
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $15,000
  • Market Land Value: $15,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $15,000
  • Assessed Land Value: $15,000

    Sales

  • Current Sale Contract Date: Aug 14, 2023
  • Current Sale Recording Date: Aug 15, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 9629
  • Previous Sale Recording Date: Apr 26, 2022
  • Previous Sale Contract Date: Apr 26, 2022
  • Previous Sale Amount: $37,000
  • 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

$219

Below Asking

0.03%

Average Days on Market

91

Average Home Size

1520 ft²

Average Home Age

25.4 years

Currently For Sale

184 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 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.
STELLAR

Listed by: Travis Brown
BROWN AND COMPANY REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK222775
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 2509 Northwest 5th Street built and last sold?
The property at 2509 Northwest 5th Street was built in 1970 and last sold on Aug 14, 2023 for $280,000.
How much is this home worth?
The estimated value of the home located at 2509 Northwest 5th Street is $283,220.
What are some comparable homes to 2509 Northwest 5th Street?
There are currently no comparable homes to 2509 Northwest 5th Street.
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