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Taylor Creek 34974
3120 SE 38TH AVENUE
$292,000
● Mobile Manufactured - Off Market

3120 SE 38TH AVENUE

OKEECHOBEE, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,196 Ft²
$1,566
Est. Monthly
10.04%
Cap Rate

About This Property

WATERFRONT RETREAT - This 3bd 2ba, 2007 doublewide manufactured home sits at the end of a quiet street with almost 200ft of canal frontage on two sides of the property. The 40x30 metal garage offers ample space for an RV, boat, and/or workshop. Outdoor features include a covered waterfront deck for fishing and relaxation, carport, aluminum wheelchair ramp, canal-fed irrigation, 2 covered porches, and outdoor shower for cleaning up after a day on the water. Inside, the home is sold fully furnished including all major appliances(washer, dryer, chest freezer as well). Set on city water and septic, the lot features beautiful cypress trees and a mature avocado tree providing lots of shade. With direct Lake Okeechobee access, bring your boat and enjoy true Florida waterfront living! All measurements are approximate.
Unit Size
1,196 Ft²
Days on Market
51 days
Land Size
0.30 acres
Price per sqft
$250
Property Type
Mobile Manufactured
Property Taxes
$98
HOA Dues
-
Year Built
2007

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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: 2 years ago (Stellar MLS #OK225333)

Price History

Date / Event Date Event Price
Aug 11, 2025 Sold
Premium
Sold
Aug 6, 2025 In contract -
In contract
Jun 18, 2025 Listed by LAKE O REAL ESTATE, LLC $299,000
Listed by LAKE O REAL ESTATE, LLC
Jul 20, 2005 Sold
Premium
Sold
Apr 19, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • 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: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,850
  • Total Building Area: 2,396
  • Gross Building Area: 2,396
  • Building Area: 2,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 2,396
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TREASURE ISLAND UNIT 5
  • Land Acres: 0000000295
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: TREASURE ISLAND UNIT NO 5 (PLAT BOOK 3 PAGE 45) LOT 49; TOGETHER WITH THAT CERTAIN MANUFACTURED HOME DESCRIBED AS A 2007 CLAY WITH VIN NO: WHC016121GAA AND WHC016121GAB AS SHOWN IN THAT AFFIDAVIT RECORDED IN OFFICIAL RECORDS FILE NUMBER 2022006639, P

Neighborhood

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

Geography

  • Parcel: 1-25-37-35-0060-00050-0490
  • Lot: 49
  • Meridian: SEC 25 TWN 37S RNG 35E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.215
  • Longitude: -80.7893

    Address

  • Full Address: 3120 Se 38th Ave
  • Legal Unit: 5
  • Address - House Number: 3120
  • Street Direction: SE
  • Address - Street Name: 38th
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C011
  • 4-Digit Zip Code: 6931
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 2,480
  • Tax Year: 2022
  • Tax Amount: $94,506
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 165,854
  • High Value: 238,302
  • Low Value: 93,405

    Market Valuation

  • Market Total Value: $155,447
  • Market Land Value: $30,000
  • Market Improvement Value: $125,447

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,661

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 19, 2005
  • Current Sale Recording Date: Jul 20, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2005015893
  • Previous Sale Recording Date: Apr 19, 2005
  • Previous Sale Contract Date: Apr 15, 2005
  • Previous Sale Amount: $115,000
  • 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

1621 ft²

Average Home Age

30.9 years

Currently For Sale

18 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

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STELLAR

Listed by: Rick Gonzalez
LAKE O REAL ESTATE, LLC
Last Updated: 2 years ago
Data Source: Stellar MLS, MLS# OK225333
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 3120 Southeast 38th Avenue built and last sold?
The property at 3120 Southeast 38th Avenue was built in 2007 and last sold on Jul 19, 2005 for $172,500.
How much is this home worth?
The estimated value of the home located at 3120 Southeast 38th Avenue is $0.
What are some comparable homes to 3120 Southeast 38th Avenue?
There are currently no comparable homes to 3120 Southeast 38th Avenue.
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