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Okeechobee 34974
6681 SE 55th LANE
$42,000
● Land - Off Market

6681 SE 55th LANE

OKEECHOBEE, FL 34974
bedrooms
Studio
bathrooms
0 Bath
$252
Est. Monthly
28.51%
Cap Rate

About This Property

~Ancient Oaks~ 55+ Community- Vacant Lot w/shed. These are very rare in the park! Hurry and turn this lot into an Oasis! Must measure lot for exact size.
Unit Size
-
Days on Market
165 days
Land Size
0.05 acres
Price per sqft
-
Property Type
Land
Property Taxes
$31
HOA Dues
-
Year Built
2008

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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 #OK223531)

Price History

Date / Event Date Event Price
May 16, 2024 Sold
Premium
Sold
Apr 8, 2024 In contract -
In contract
Dec 3, 2023 Listed by LAKE O REAL ESTATE, LLC $45,000
Listed by LAKE O REAL ESTATE, LLC
Mar 8, 2018 Sold
Premium
Sold
Mar 4, 2009 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 13
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • 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: 2,090
  • Total Building Area: 726
  • Gross Building Area: 1,247
  • Building Area: 572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ANCIENT OAKS RV RESORT NO II
  • Land Acres: 0000000048
  • Standard Land Use Code: 1006
  • County Land Use Code: 000007
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: ANCIENT OAKS RV RESORT NO II LOT 10 BLOCK 10

Neighborhood

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

Geography

  • Parcel: 1-05-38-36-0050-00100-0100
  • Block: 10
  • Lot: 10
  • Meridian: SEC 05 TWN 38S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.1928
  • Longitude: -80.7563

    Address

  • Full Address: 6681 Se 55th Ln
  • Address - House Number: 6681
  • Street Direction: SE
  • Address - Street Name: 55th
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R014
  • 4-Digit Zip Code: 2549
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 628
  • Tax Year: 2022
  • Tax Amount: $36,888
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 22,691
  • High Value: 33,011
  • Low Value: 12,370

    Market Valuation

  • Market Total Value: $25,688
  • Market Land Value: $21,000
  • Market Improvement Value: $4,688

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,688
  • Assessed Land Value: $21,000
  • Assessed Improvements Value: $4,688

    Sales

  • Current Sale Contract Date: Jan 18, 2018
  • Current Sale Recording Date: Mar 08, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018002893
  • Previous Sale Recording Date: Mar 04, 2009
  • Previous Sale Contract Date: Feb 19, 2009
  • Previous Sale Amount: $15,000
  • 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

1599 ft²

Average Home Age

26.1 years

Currently For Sale

232 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: Jody Carter
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223531
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 6681 Southeast 55th Lane built and last sold?
The property at 6681 Southeast 55th Lane was built in 2008 and last sold on Jan 18, 2018 for $10,000.
How much is this home worth?
The estimated value of the home located at 6681 Southeast 55th Lane is $0.
What are some comparable homes to 6681 Southeast 55th Lane?
There are currently no comparable homes to 6681 Southeast 55th Lane.
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