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Okeechobee 34972
28550 NE 55th Avenue
$116,000
● House - Off Market

28550 NE 55th Avenue

Okeechobee, FL 34972
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$157,734
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

This fabulous three bedroom one bathroom home has a beautiful view of pasture lands to the front and rear.  This house is very well maintained and features new kitchen appliances, a metal roof (installed in 2008), updated windows/doors, a central air conditioner, well, and septic.  This home is turn-key.  Call for more details.
Unit Size
1,008 Ft²
Days on Market
266 days
Land Size
0.50 acres
Price per sqft
$118
Property Type
House
Property Taxes
$134
HOA Dues
-
Year Built
1963

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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: 10 months ago (Beaches MLS #R10603775)

Price History

Date / Event Date Event Price
Nov 17, 2020 Sold
Premium
Sold
Feb 23, 2020 Listed by Mira Realty, LLC $119,000
Listed by Mira Realty, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1996
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • 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: 5
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Lot Size Depth Feet: 2,420
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,008
  • Gross Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHERN HOMESTEADS UNIT 1
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: SOUTHERN HOMESTEADS UNIT 1 (PLAT BOOK 6 PAGE 73) LOT 11 PARCEL A

Neighborhood

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

Geography

  • Parcel: 1-19-34-36-0010-000A0-0110
  • Lot: 11
  • Meridian: SEC 19 TWN 34S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.5137
  • Longitude: -80.7695

    Address

  • Full Address: 28550 Ne 55th Ave
  • Legal Unit: 1
  • Address - House Number: 28550
  • Street Direction: NE
  • Address - Street Name: 55th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R007
  • 4-Digit Zip Code: 0309
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,012
  • Tax Year: 2022
  • Tax Amount: $139,701
  • Initial Tax Delinquent Year: 2018
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 150,872
  • High Value: 216,776
  • Low Value: 84,967

    Market Valuation

  • Market Total Value: $154,958
  • Market Land Value: $15,750
  • Market Improvement Value: $139,208

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $104,954

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Nov 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020011327
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:

$338,200

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

79

Average Home Size

1578 ft²

Average Home Age

27.3 years

Currently For Sale

238 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

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Joseph W Stas
Mira Realty, LLC
Last Updated: 10 months ago
Data Source: Beaches MLS, MLS# R10603775
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.

Frequently Asked Questions

When was property at 28550 Northeast 55th Avenue built and last sold?
The property at 28550 Northeast 55th Avenue was built in 1963 and last sold on Nov 16, 2020 for $116,000.
How much is this home worth?
The estimated value of the home located at 28550 Northeast 55th Avenue is $0.
What are some comparable homes to 28550 Northeast 55th Avenue?
There are currently no comparable homes to 28550 Northeast 55th Avenue.
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