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Okeechobee 34972
2703 NE 54th TRAIL
$140,000
● Land - Off Market

2703 NE 54th TRAIL

OKEECHOBEE, FL 34972
bedrooms
Studio
bathrooms
0 Bath
$144,268
RealtyHop Estimate
3.05%
Since Apr 1, 2023
National-US
Primary Model

About This Property

BEAUTIFUL 2.5 acres in the desirable R-Bar Estates Community.  This property is in the perfect location, close to all of the amenities, but still offers that country life style appeal.  It is high and dry and does not lie in a flood zone.  The property is already fenced and ready for your horses, or other approved animals.  Beautiful homes and properties surround this 2.5 acres. This property has been well maintained and ready for you to come and build your dream home!  Call today for more information or to set up a showing!
Unit Size
-
Days on Market
44 days
Land Size
2.53 acres
Price per sqft
-
Property Type
Land
Property Taxes
$118
HOA Dues
-
Year Built
-

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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 #OK222379)

Price History

Date / Event Date Event Price
Mar 17, 2023 Sold
Premium
Sold
Jan 25, 2023 Listed by BROWN AND COMPANY REALTY $140,000
Listed by BROWN AND COMPANY REALTY
Nov 30, 2021 Sold
Premium
Sold
Feb 26, 2010 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • 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: 110,206
  • 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: R
  • Subdivision: R BAR ESTATES UNIT 1
  • Land Acres: 0000002530
  • Standard Land Use Code: 1001
  • County Land Use Code: 000007
  • Legal Description 1: R-BAR ESTATES UNIT NO. 1 (PLAT BOOK 5 PAGES 31 & 32) LOT 32

Neighborhood

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

Geography

  • Parcel: 1-35-36-35-0010-00000-0320
  • Lot: 32
  • Meridian: SEC 35 TWN 36S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.291
  • Longitude: -80.802

    Address

  • Full Address: 2703 Ne 54th Trl
  • Legal Unit: 1
  • Address - House Number: 2703
  • Street Direction: NE
  • Address - Street Name: 54th
  • Address - Suffix Type: Trl
  • State: FL
  • City Name: Okeechobee
  • Zip Code: 34972

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $141,259
  • Initial Tax Delinquent Year: 2019
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 98,267
  • High Value: 141,192
  • Low Value: 55,341

    Market Valuation

  • Market Total Value: $104,388
  • Market Land Value: $103,900
  • Market Improvement Value: $488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,388
  • Assessed Land Value: $103,900
  • Assessed Improvements Value: $488

    Sales

  • Current Sale Contract Date: Mar 10, 2023
  • Current Sale Recording Date: Mar 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 3174
  • Previous Sale Recording Date: Nov 30, 2021
  • Previous Sale Contract Date: Nov 19, 2021
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 68
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

Rentals Near You

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STELLAR

Listed by: Travis Brown
BROWN AND COMPANY REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK222379
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 2703 Northeast 54th Trail built and last sold?
The property at 2703 Northeast 54th Trail was built in and last sold on Mar 10, 2023 for $140,000.
How much is this home worth?
The estimated value of the home located at 2703 Northeast 54th Trail is $141,400.
What are some comparable homes to 2703 Northeast 54th Trail?
There are currently no comparable homes to 2703 Northeast 54th Trail.
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