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Okeechobee 34974
7825 SE 57th DRIVE
$175,000
● Mobile Manufactured - Off Market

7825 SE 57th DRIVE

OKEECHOBEE, FL 34974
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,454 Ft²
$968
Est. Monthly
17.78%
Cap Rate

About This Property

This 2003 3 bedroom, 2 bath manufactured home is located is situated on a tad less than half an acre. in the charming country living of Pioneer Estates. There is plenty of parking with a covered carport, and a garden tub in the master bathroom. Spacious kitchen, living and dining room. The property has 2 storage sheds located in the backyard for all of your storage needs.  Plenty of potential with this home!

All measurements are approximate.
Unit Size
1,454 Ft²
Days on Market
241 days
Land Size
0.49 acres
Price per sqft
$127
Property Type
Mobile Manufactured
Property Taxes
$59
HOA Dues
-
Year Built
2003

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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 #OK223085)

Price History

Date / Event Date Event Price
May 3, 2024 Sold
Premium
Sold
Mar 27, 2024 In contract -
In contract
Mar 8, 2024 Price Decreased $185,000
↓ $5K (2.6%)
Price Decreased
Feb 2, 2024 Relisted $190,000
Relisted
Jan 31, 2024 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 5
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 364
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,692
  • Lot Size Depth Feet: 2,090
  • Lot Size Frontage Feet: 1,040
  • Total Building Area: 1,454
  • Gross Building Area: 1,454
  • Building Area: 1,454
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,454
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PIONEER ESTATES
  • Land Acres: 0000000498
  • Standard Land Use Code: 1006
  • County Land Use Code: 000200
  • State Land Use Code: 02
  • Mobile Home Indicator: T
  • Legal Description 1: PIONEER ESTATES UNIT NO. 4 (PLAT BOOK 6 PAGE 81) LOT 137

Neighborhood

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

Geography

  • Parcel: 1-04-38-36-0026-00000-1370
  • Lot: 137
  • Meridian: SEC 04 TWN 38S RNG 36E
  • Municipality: SOUTH FLORIDA
  • Latitude: 27.2014
  • Longitude: -80.7446

    Address

  • Full Address: 7825 Se 57th Dr
  • Legal Unit: 4
  • Address - House Number: 7825
  • Street Direction: SE
  • Address - Street Name: 57th
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Okeechobee
  • Carrier Code: R010
  • 4-Digit Zip Code: 1700
  • Zip Code: 34974

Valuation

    Tax

  • Total Area: 1,512
  • Tax Year: 2022
  • Tax Amount: $70,513
  • Tax Rate Code Area: 030

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 86
  • Final Value: 207,331
  • High Value: 233,350
  • Low Value: 181,312

    Market Valuation

  • Market Total Value: $162,568
  • Market Land Value: $26,000
  • Market Improvement Value: $136,568

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $162,568
  • Assessed Land Value: $26,000
  • Assessed Improvements Value: $136,568

    Sales

  • Current Sale Contract Date: Feb 17, 2003
  • Current Sale Recording Date: Feb 18, 2003
  • Current Sale Price:
    Premium
  • Current 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:

$336,450

Sale Price/ft²

$222

Below Asking

0.03%

Average Days on Market

84

Average Home Size

1589 ft²

Average Home Age

26.2 years

Currently For Sale

233 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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STELLAR

Listed by: Courtney Wilson
LAKE O REAL ESTATE, LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# OK223085
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 7825 Southeast 57th Drive built and last sold?
The property at 7825 Southeast 57th Drive was built in 2003 and last sold on Feb 17, 2003 for $13,000.
How much is this home worth?
The estimated value of the home located at 7825 Southeast 57th Drive is $0.
What are some comparable homes to 7825 Southeast 57th Drive?
There are currently no comparable homes to 7825 Southeast 57th Drive.
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