For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Okeechobee 34972
504 NW 16th Street
$60,000
● House - Off Market

504 NW 16th Street

Okeechobee, FL 34972
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$110,335
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Affordable investment property or perfect for a remodeling project to make it your own. Gorgeous large backyard with huge shade trees. New A/C in 2013, new hot water heater in 2011. Separate utility/storage room under carport area. Walking distance to Okeechobee Rodeo arena. Close to Raulerson Hospital, VA Clinic, doctor offices, IRSC campus. Okeechobee Sports Complex & the Amtrak station. No repairs, as-is with right to inspect. No appliances. CASH OR CONVENTIONAL FINANCING ONLY
Unit Size
1,040 Ft²
Days on Market
61 days
Land Size
-
Price per sqft
$63
Property Type
House
Property Taxes
$35
HOA Dues
-
Year Built
1985

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MCRTC #M387564)

Price History

Date / Event Date Event Price
Jun 6, 2016 Sold
Premium
Sold
Apr 3, 2016 Listed by Monarch Realty Group LLC $65,000
Listed by Monarch Realty Group LLC
Aug 17, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • 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: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 258
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,628
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,040
  • Gross Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CONNERS HIGHLANDS
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: CONNERS HIGHLANDS (PLAT BOOK 1 PAGE 21) LOT 3 & WEST 1/2 OF LOT 2 BLOCK 69

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910201

Geography

  • Parcel: 3-09-37-35-0020-00690-0030
  • Block: 69
  • Lot: 3,2
  • Meridian: SEC 09 TWN 37S RNG 35E
  • Municipality: CITY OF OKEECHOBEE
  • Latitude: 27.2599
  • Longitude: -80.835

    Address

  • Full Address: 504 Nw 16th St
  • Address - House Number: 504
  • Street Direction: NW
  • Address - Street Name: 16th
  • Address - Suffix Type: St
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: C008
  • 4-Digit Zip Code: 1946
  • Zip Code: 34972

Valuation

    Tax

  • Total Area: 1,048
  • Tax Year: 2022
  • Tax Amount: $104,148
  • Tax Rate Code Area: 050

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 73,180
  • High Value: 105,146
  • Low Value: 41,213

    Market Valuation

  • Market Total Value: $140,463
  • Market Land Value: $16,500
  • Market Improvement Value: $123,963

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,998

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 03, 2016
  • Current Sale Recording Date: Jun 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016005164
  • Previous Sale Recording Date: Aug 17, 2015
  • Previous Sale Contract Date: Aug 10, 2015
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: 55
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:

$315,000

Sale Price/ft²

$203

Below Asking

0.04%

Average Days on Market

92

Average Home Size

1395 ft²

Average Home Age

42.1 years

Currently For Sale

21 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 3422 Nw 26th Avenue, Okeechobee, FL, 34972

$2,100 /mo

  • Studio
  • 2 Baths
  • 1,185 ft²
3422 Nw 26th Avenue, Okeechobee, FL, 34972 Listing by Eric R Nathanson
Unit for rent at 1531 Ne 14th Street, OKEECHOBEE, FL, 34972

$1,700 /mo

  • 3 Beds
  • 1 Bath
  • 864 ft²
1531 Ne 14th Street, OKEECHOBEE, FL, 34972 Listing by Eric Nathanson

Rentals Near You

Click here to view more rentals in the neighborhood.
MCRTC

Listed by: Victoria Yatsko, Monarch Realty Group LLC
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M387564
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Copyright 2026 Realtor® Association of Martin County, Inc. MLS. All rights reserved.

Frequently Asked Questions

When was property at 504 Northwest 16th Street built and last sold?
The property at 504 Northwest 16th Street was built in 1985 and last sold on Jun 3, 2016 for $60,000.
How much is this home worth?
The estimated value of the home located at 504 Northwest 16th Street is $72,987.
What are some comparable homes to 504 Northwest 16th Street?
There are currently no comparable homes to 504 Northwest 16th Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Okeechobee Homes for Sale
Okeechobee Houses for Sale
Okeechobee Condos for Sale
Okeechobee Townhouses for Sale
Okeechobee Multifamily for Sale
Okeechobee Land for Sale
Okeechobee Commercial for Sale
Okeechobee Homes with Basements
Nearby Cities
Port St. Lucie Homes for Sale
Florida Ridge Homes for Sale
Vero Beach South Homes for Sale
Vero Beach Homes for Sale
West Vero Corridor Homes for Sale
Gifford Homes for Sale
Lakewood Park Homes for Sale
Montura Homes for Sale
Nearby Property Records
Okeechobee County, FL Property Records
St. Lucie County, FL Property Records
Glades County, FL Property Records
Martin County, FL Property Records
Highlands County, FL Property Records
Indian River County, FL Property Records
Hendry County, FL Property Records
Palm Beach County, FL Property Records
Neighborhoods
The Reserve Real Estate
Town Park at Tradition Real Estate
Seasons at Tradition Real Estate
The Lakes at Tradition Real Estate
Heritage Oaks Real Estate
Promenade Square Real Estate
Victoria Parc Real Estate
Bedford Park Real Estate
Nearby Counties
Vero Beach Homes for Sale
Port St. Lucie Homes for Sale
Fellsmere Homes for Sale
Western Community Homes for Sale
Indiantown Homes for Sale
North Okeechobee Homes for Sale
West St. Lucie Homes for Sale
Belle Glade-Pahokee Homes for Sale
Top Real Estate Agents
Top Agents in Okeechobee
Top Agents in Port St. Lucie
Top Agents in Vero Beach
Top Agents in Port St. Lucie
Top Agents in 34953
Top Agents in 32967
Top Agents in 34986
Top Agents in 32962