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Okeechobee 34972
2762 NW 5th STREET
$195,000
● House - Off Market

2762 NW 5th STREET

OKEECHOBEE, FL 34972
bedrooms
3 Beds
bathrooms
1 Bath
square feet
888 Ft²
$1,113
Est. Monthly
17.20%
Cap Rate

About This Property

Welcome to this charming three-bedroom, one-bath home that combines modern comfort with classic appeal. This recently updated residence boasts a two-year-old roof, brand-new AC, and water heater, ensuring worry-free living for years to come. The interior features a spacious and inviting atmosphere, with ample natural light illuminating the tastefully designed living spaces. The kitchen is a chef's delight, offering the perfect blend of style and functionality. Don't miss the opportunity to make this house your home – schedule a showing today and experience the best in modern living!

Call a local agent today
Unit Size
888 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$220
Property Type
House
Property Taxes
$155
HOA Dues
-
Year Built
1960

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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 #OK223344)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Jan 8, 2024 Sold
Premium
Sold
Dec 4, 2023 In contract -
In contract
Dec 1, 2023 Price Decreased $195,000
↓ $10K (4.9%)
Price Decreased
Nov 4, 2023 Price Decreased $205,000
↓ $8K (3.8%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,755
  • Lot Size Depth Feet: 1,170
  • Lot Size Frontage Feet: 750
  • Total Building Area: 888
  • Gross Building Area: 888
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 888
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OKEECHOBEE PARK
  • Land Acres: 0000000201
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: SUBDIVISION OF A PORTION OF OKEECHOBEE PARK (PLAT BOOK 1 PAGE 28) LOT 10 & EAST 1/2 OF LOT 11 BLOCK 44

Neighborhood

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

Geography

  • Parcel: 1-17-37-35-0020-00440-0100
  • Block: 44
  • Lot: 10
  • Meridian: SEC 17 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2479
  • Longitude: -80.8567

    Address

  • Full Address: 2762 Nw 5th St
  • Address - House Number: 2762
  • Street Direction: NW
  • Address - Street Name: 5th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C001
  • 4-Digit Zip Code: 2302
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 916
  • Tax Year: 2022
  • Tax Amount: $186,562
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 86
  • Final Value: 185,853
  • High Value: 209,177
  • Low Value: 162,530

    Market Valuation

  • Market Total Value: $121,680
  • Market Land Value: $10,912
  • Market Improvement Value: $110,768

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $121,680
  • Assessed Land Value: $10,912
  • Assessed Improvements Value: $110,768

    Sales

  • Current Sale Contract Date: Jan 05, 2024
  • Current Sale Recording Date: Jan 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 259
  • Previous Sale Recording Date: Jul 31, 2020
  • Previous Sale Contract Date: Jul 31, 2020
  • Previous Sale Amount: $125,000
  • 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

1582 ft²

Average Home Age

26.2 years

Currently For Sale

233 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: John Rickards
RED GATOR REAL ESTATE
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223344
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 2762 Northwest 5th Street built and last sold?
The property at 2762 Northwest 5th Street was built in 1960 and last sold on Jan 5, 2024 for $195,000.
How much is this home worth?
The estimated value of the home located at 2762 Northwest 5th Street is $0.
What are some comparable homes to 2762 Northwest 5th Street?
There are currently no comparable homes to 2762 Northwest 5th Street.
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