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Taylor Creek 34974
2722 SE 47th TERRACE
$146,000
● House - Off Market

2722 SE 47th TERRACE

OKEECHOBEE, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,456 Ft²
$156,202
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Needs TLC - great addition to your rental portfolio! family sized home on .38 acre lot in quiet neighborhood.  Close enough to town yet not in the city limits.  Priced to sell quick & already discounted considering necessary repairs.  Roof dry but at end of life, A/C doesn't blow cold (reason unknown), the rest is minor maintenance/cosmetic items.  Cash only.
Unit Size
1,456 Ft²
Days on Market
36 days
Land Size
0.38 acres
Price per sqft
$106
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
1985

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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 #U8197085)

Price History

Date / Event Date Event Price
May 12, 2023 Sold
Premium
Sold
Apr 13, 2023 Listed by WENDY A SMITH $155,000
Listed by WENDY A SMITH
Sep 7, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 35
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,335
  • Total Building Area: 1,744
  • Gross Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,744
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRINDABAN FOREST
  • Land Acres: 0000000375
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: BRINDABAN FOREST UNIT FOUR (PLAT BOOK 6 PAGES 2 & 3) LOT 1 LESS THE EAST 5 FEET

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910403

Geography

  • Parcel: 1-25-37-35-0170-00000-0010
  • Lot: 1
  • Meridian: SEC 25 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2184
  • Longitude: -80.7798

    Address

  • Full Address: 2722 Se 47th Ter
  • Legal Unit: 4
  • Address - House Number: 2722
  • Street Direction: SE
  • Address - Street Name: 47th
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C004
  • 4-Digit Zip Code: 6669
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,666
  • Tax Year: 2022
  • Tax Amount: $100,035
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 227,618
  • High Value: 327,046
  • Low Value: 128,189

    Market Valuation

  • Market Total Value: $183,515
  • Market Land Value: $12,000
  • Market Improvement Value: $171,515

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $183,515
  • Assessed Land Value: $12,000
  • Assessed Improvements Value: $171,515

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 5710
  • Previous Sale Recording Date: Sep 07, 1999
  • Previous Sale Contract Date: Aug 23, 1999
  • Previous Sale Amount: $75,000
  • 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 Taylor Creek

Stats & Trends

Median Asking:

$265,000

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

131

Average Home Size

1599 ft²

Average Home Age

30.4 years

Currently For Sale

16 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: Wendy Smith
WENDY A SMITH
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# U8197085
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 2722 Southeast 47th Terrace built and last sold?
The property at 2722 Southeast 47th Terrace was built in 1985 and last sold on May 11, 2023 for $146,000.
How much is this home worth?
The estimated value of the home located at 2722 Southeast 47th Terrace is $0.
What are some comparable homes to 2722 Southeast 47th Terrace?
There are currently no comparable homes to 2722 Southeast 47th Terrace.
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