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Okeechobee 34974
6585 NE 7th Lane
$131,000
● House - Off Market

6585 NE 7th Lane

Okeechobee, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,614 Ft²
$198,886
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

This 3/2 stucco home has a lovely living room. The home has concrete flooring with wood laminate in the living room. The kitchen has a new gas stove. The washer and dryer are located in the first bathroom. The roof was replaced 10 years ago. A/C 4 years and water softener 2 years. Located on 2 fully fenced lots. There is an extra power pole, well and septic on the back lot.
Unit Size
1,614 Ft²
Days on Market
65 days
Land Size
0.46 acres
Price per sqft
$85
Property Type
House
Property Taxes
$149
HOA Dues
-
Year Built
1979

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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: 7 months ago (Beaches MLS #R10570480)

Price History

Date / Event Date Event Price
Feb 4, 2020 Sold
Premium
Sold
Oct 16, 2019 Listed by Legacy Real Estate of Florida LLC $136,500
Listed by Legacy Real Estate of Florida LLC
Dec 7, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 10
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 20
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 5
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,994
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 2,000
  • Total Building Area: 1,614
  • Gross Building Area: 1,662
  • Building Area: 1,614
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,614
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FOUR SEASONS
  • Land Acres: 0000000459
  • Standard Land Use Code: 1001
  • County Land Use Code: 000100
  • State Land Use Code: 01
  • Legal Description 1: LOT 135D, FOUR SEASONS ESTATES, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: COMMENCING AT THE 1/4 SECTION CORNER ON THE WEST BOUNDARY LINE OF SECTION 17, TOWNSHIP 37 SOUTH, RANGE 36 EAST, RUN THENCE SOUTH 892408 EAST ALONG THE 1/4 SECTION LINE FOR

Neighborhood

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

Geography

  • Parcel: 1-17-37-36-0A00-00003-135D
  • Lot: 135D
  • Meridian: SEC 17 TWN 37S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2518
  • Longitude: -80.7581

    Address

  • Full Address: 6585 Ne 7th Ln
  • Address - House Number: 6585
  • Street Direction: NE
  • Address - Street Name: 7th
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R005
  • 4-Digit Zip Code: 8091
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,647
  • Tax Year: 2022
  • Tax Amount: $278,011
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4368
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 12
  • Final Value: 230,516
  • High Value: 331,210
  • Low Value: 129,821

    Market Valuation

  • Market Total Value: $209,039
  • Market Land Value: $27,000
  • Market Improvement Value: $182,039

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,039
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $182,039

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Feb 04, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020001254
  • Previous Sale Recording Date: Dec 07, 2015
  • Previous Sale Contract Date: Dec 04, 2015
  • Previous Sale Amount: $87,400
  • Previous Sale Document Type: 68
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:

$337,900

Sale Price/ft²

$219

Below Asking

0.03%

Average Days on Market

91

Average Home Size

1520 ft²

Average Home Age

25.4 years

Currently For Sale

184 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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BEACHES

Listed by: Lasha Boree
Legacy Real Estate of Florida LLC
Last Updated: 7 months ago
Data Source: Beaches MLS, MLS# R10570480
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 6585 Northeast 7th Lane built and last sold?
The property at 6585 Northeast 7th Lane was built in 1979 and last sold on Jan 31, 2020 for $131,000.
How much is this home worth?
The estimated value of the home located at 6585 Northeast 7th Lane is $149,496.
What are some comparable homes to 6585 Northeast 7th Lane?
There are currently no comparable homes to 6585 Northeast 7th Lane.
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