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Okeechobee 34974
5301 SE 116TH PLACE
$650,000
● Land - Off Market

5301 SE 116TH PLACE

OKEECHOBEE, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$670,790
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

53 Acres - Located off Hwy 710 and Berman Road. Excellent soils and grasses for cattle grazing and future farming or recreational retreat. Power onsite & only minutes from West Palm Beach, I-95, and the Florida Turnpike. Call for more details.
Unit Size
-
Days on Market
-
Land Size
53.23 acres
Price per sqft
-
Property Type
Land
Property Taxes
$36
HOA Dues
-
Year Built
2001

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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: 4 years ago (Stellar MLS #OK221425)

Price History

Date / Event Date Event Price
Sep 18, 2023 Sold
Premium
Sold
Sep 12, 2023 In contract -
In contract
May 27, 2022 Listed by TUCKER GROUP LLC $675,000
Listed by TUCKER GROUP LLC
Aug 3, 2021 No longer available -
No longer available
May 15, 2021 Price Decreased $750,000
↓ $100K (11.8%)
Price Decreased
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 14
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 19
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,318,611
  • Total Building Area: 1,418
  • Gross Building Area: 2,137
  • Building Area: 1,418
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000053228
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 61
  • Legal Description 1: PARCEL 6: BEING A PARCEL OF LAND LYING IN SECTION 2, TOWNSHIP 38 SOUTH, RANGE 36 EAST, OKEECHOBEE COUNTY, FLORIDA, AND ALSO LYING IN AND COMPRISING A PART OF THAT CERTAIN PARCEL OF LAND AS DESCRIBED IN OFFICIAL RECORDS (O.R.) BOOK 416, PAGE 174, OF T

Neighborhood

  • School District Name: Okeechobee County School District
  • Census Tract: 910401

Geography

  • Parcel: 1-02-38-36-0A00-00002-0060
  • Meridian: SEC 02 TWN 38S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.196
  • Longitude: -80.7074

    Address

  • Full Address: 5301 Se 116th Pl
  • Address - House Number: 5301
  • Street Direction: SE
  • Address - Street Name: 116th
  • Address - Suffix Type: Pl
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R001
  • 4-Digit Zip Code: 1937
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,359
  • Tax Year: 2022
  • Tax Amount: $44,002
  • Tax Rate Code Area: 030

    Market Valuation

  • Market Total Value: $712,062
  • Market Land Value: $698,649
  • Market Improvement Value: $13,413

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $712,062
  • Assessed Land Value: $698,649
  • Assessed Improvements Value: $13,413

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10860
  • Previous Sale Recording Date: Jun 04, 2004
  • Previous Sale Contract Date: Jun 04, 2004
  • Previous Sale Amount: $500,000
  • 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 Okeechobee

Stats & Trends

Median Asking:

$335,000

Sale Price/ft²

$220

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1601 ft²

Average Home Age

26 years

Currently For Sale

231 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 8680 Us Highway 441 Se, Okeechobee, FL, 34974

$1,150 /mo

  • 1 Bed
  • 1 Bath
  • 7,826 ft²
8680 Us Highway 441 Se #35, Okeechobee, FL, 34974 Listing by LyLy Ngo

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Samantha Saucedo
TUCKER GROUP LLC
Last Updated: 4 years ago
Data Source: Stellar MLS, MLS# OK221425
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 5301 Southeast 116th Place built and last sold?
The property at 5301 Southeast 116th Place was built in 2001 and last sold on Sep 15, 2023 for $650,000.
How much is this home worth?
The estimated value of the home located at 5301 Southeast 116th Place is $0.
What are some comparable homes to 5301 Southeast 116th Place?
There are currently no comparable homes to 5301 Southeast 116th Place.
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