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Canal Point 33438 Canal Point
37028 3rd Street
$112,270
● House - Off Market

37028 3rd Street

Canal Point, FL 33438
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,566 Ft²
$159,754
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model

About This Property

Walk to Lake Okeechobee!  This Canal Point 1939 home has a remodeled kitchen, interior laundry room and hardwood flooring throughout.  Generous size main living room on the first floor with bay window.  Formal dining room and a sitting room beyond.  The remodeled kitchen has all new stainless appliances and the laundry room with storage potential is right off the kitchen.  The main living areas are downstairs with private bedrooms upstairs.  Close to Lake Okeechobee and the Canal Point recreation area.  Walking distance to the playground, tennis courts and picnic areas.  Great value for a home in Palm Beach County!
Unit Size
1,566 Ft²
Days on Market
127 days
Land Size
0.12 acres
Price per sqft
$70
Property Type
House
Property Taxes
$97
HOA Dues
-
Year Built
1939

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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 months ago (Beaches MLS #R10531084)

Price History

Date / Event Date Event Price
Sep 25, 2019 Sold
Premium
Sold
May 16, 2019 Listed by Allison James Estates & Homes $109,000
Listed by Allison James Estates & Homes
May 4, 2019 No longer available -
No longer available
May 1, 2019 Price Decreased $120,000
↓ $8K (5.9%)
Price Decreased
Apr 22, 2019 Listed by Allison James Estates & Homes $127,500
Listed by Allison James Estates & Homes

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,127
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,654
  • Gross Building Area: 1,654
  • Building Area: 1,566
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 14
  • Heated Square Feet: 1,566
  • Heating Fuel Type: 5

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PIONEER INV CO PL 1 TOWNSITE
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • Legal Description 1: PIONEER INV CO PL 1 TOWNSITE CNL POINT LTS 12 & 13 BLK 3

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 008001

Zoning

  • Zoning: RM

Geography

  • Parcel: 00-37-41-33-01-003-0120
  • Block: 3
  • Lot: 12,13
  • Meridian: SEC 33 TWN 41S RNG 37E
  • Municipality: UNINCORPORATED
  • Latitude: 26.8652
  • Longitude: -80.6296

    Address

  • Full Address: 37028 3rd St
  • Address - House Number: 37028
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Canal Point
  • Carrier Code: H001
  • 4-Digit Zip Code: 5007
  • Zip Code: 33438

Valuation

    Tax

  • Total Area: 1,514
  • Tax Year: 2023
  • Tax Amount: $140,475
  • Tax Rate Code Area: 76

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 180,305
  • High Value: 214,525
  • Low Value: 146,086

    Market Valuation

  • Market Total Value: $117,783
  • Market Land Value: $8,024
  • Market Improvement Value: $109,759

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,463

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 17, 2019
  • Current Sale Recording Date: Sep 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20190353658
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 Canal Point

Stats & Trends

Median Asking:

$339,000

Sale Price/ft²

$181

Below Asking

0.08%

Average Days on Market

64

Average Home Size

2029 ft²

Average Home Age

47.5 years

Currently For Sale

0 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

Unit for rent at 12315 Lakeshore Drive, CANAL POINT, FL, 33438

$600 /mo

  • 2 Beds
  • 1 Bath
  • 864 ft²
12315 Lakeshore Drive, CANAL POINT, FL, 33438 Listing by Erich Spivey

Rentals Near You

Click here to view more rentals in the neighborhood.
BEACHES

Listed by: Kelly Rossow
Allison James Estates & Homes
Last Updated: 3 months ago
Data Source: Beaches MLS, MLS# R10531084
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 37028 3rd Street built and last sold?
The property at 37028 3rd Street was built in 1939 and last sold on Sep 17, 2019 for $112,270.
How much is this home worth?
The estimated value of the home located at 37028 3rd Street is $0.
What are some comparable homes to 37028 3rd Street?
There are currently no comparable homes to 37028 3rd Street.
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