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Okeechobee 34974
500 NE 62nd AVENUE
$160,776
● Mobile Manufactured - Off Market

500 NE 62nd AVENUE

OKEECHOBEE, FL 34974
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,052 Ft²
$1,013
Est. Monthly
22.23%
Cap Rate

About This Property

Welcome to spacious living on half an acre of tranquility in Okeechobee, FL. This stunning property offers the perfect balance of open space and comfortable living, providing ample room for relaxation and entertaining. With four bedrooms and two bathrooms, this home is thoughtfully designed to accommodate your needs  Whether it's unwinding in the cozy bedrooms or gathering in the spacious living areas, there's plenty of room for everyone to enjoy.  This property is a must see! Property is being sold AS IS
Unit Size
2,052 Ft²
Days on Market
189 days
Land Size
0.50 acres
Price per sqft
$89
Property Type
Mobile Manufactured
Property Taxes
$116
HOA Dues
-
Year Built
1994

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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 #A4605188)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Aug 31, 2024 In contract -
In contract
Aug 16, 2024 Price Decreased $182,700
↓ $20K (10%)
Price Decreased
Jul 28, 2024 Relisted $203,000
Relisted
Jul 28, 2024 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 9
  • Roof Shape Type: 6
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 21
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,840
  • Lot Size Depth Feet: 2,141
  • Lot Size Frontage Feet: 1,020
  • Total Building Area: 3,252
  • Gross Building Area: 3,252
  • Building Area: 3,252
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 3,252
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOUR SEASONS ESTATES
  • Land Acres: 0000000501
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: THE NORTH HALF (N 1/2) OF THE FOLLOWING DESCRIBED PROPERTY: COMMENCING AT THE 1/4 SECTION CORNER ON THE EAST BOUNDARY LINE OF SECTION 18, TOWNSHIP 37 SOUTH, RANGE 36 EAST, RUN THENCE SOUTH 00507 WEST ALONG THE EAST BOUNDARY LINE OF THE S 1/2 OF SAID

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910402

Geography

  • Parcel: 1-18-37-36-0A00-00011-26K1
  • Lot: 26K-1
  • Meridian: SEC 18 TWN 37S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2479
  • Longitude: -80.7627

    Address

  • Full Address: 500 Ne 62nd Ave
  • Address - House Number: 500
  • Street Direction: NE
  • Address - Street Name: 62nd
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R005
  • 4-Digit Zip Code: 7911
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 3,306
  • Tax Year: 2023
  • Tax Amount: $138,924
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.1206
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 86
  • Final Value: 195,953
  • High Value: 219,603
  • Low Value: 172,302

    Market Valuation

  • Market Total Value: $156,929
  • Market Land Value: $21,000
  • Market Improvement Value: $135,929

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $93,955

    Sales

  • Current Sale Contract Date: Jul 10, 2023
  • Current Sale Recording Date: Jul 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 23
  • Current Sale Input Document Number: 8170
  • Previous Sale Recording Date: Aug 08, 2018
  • Previous Sale Contract Date: Aug 08, 2018
  • Previous Sale Amount: $135,750
  • 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:

$338,200

Sale Price/ft²

$221

Below Asking

0.03%

Average Days on Market

93

Average Home Size

1496 ft²

Average Home Age

25.3 years

Currently For Sale

187 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: Victor Caputo, III
HOME ZONE REALTY INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4605188
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 500 Northeast 62nd Avenue built and last sold?
The property at 500 Northeast 62nd Avenue was built in 1994 and last sold on Jul 10, 2023 for $83,100.
How much is this home worth?
The estimated value of the home located at 500 Northeast 62nd Avenue is $0.
What are some comparable homes to 500 Northeast 62nd Avenue?
There are currently no comparable homes to 500 Northeast 62nd Avenue.
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