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Highlands 33876
975 Farm ROAD
$179,000
● Land - Off Market

975 Farm ROAD

SEBRING, FL 33876
bedrooms
Studio
bathrooms
0 Bath
$281,163
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

ATTN DEVELOPERS: 24.64 Acres zoned Estate Use.  Just 1 mile off of US 98, 3 Miles to the Sebring Airport and Sebring Race Track, 3.7 Miles to US 27, 7 miles to Lake Istokpoga Boat Ramp.  The US 27 and US 98/SR 66 intersection is a mane E/W, N/S cross roads.  Lake Istokpoga is famous for its bass fishing and one of the largest lakes in Florida.  And the 12 Hours of Sebring is the oldest endurance race in the nation, all within easy distance to this prime parcel!  Make this your next project and get a jump on your competition now waking up to the affordability and desirability of our Florida heartland!
Unit Size
-
Days on Market
-
Land Size
24.64 acres
Price per sqft
-
Property Type
Land
Property Taxes
$3
HOA Dues
-
Year Built
-

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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 #L4935211)

Price History

Date / Event Date Event Price
May 17, 2023 Sold
Premium
Sold
Feb 6, 2023 Listed by ADVANTAGE REALTY 1 $279,000
Listed by ADVANTAGE REALTY 1
Aug 23, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 12
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,073,450
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: ALBRITTON LANDS
  • Land Acres: 0000024643
  • Standard Land Use Code: 7005
  • County Land Use Code: 66
  • Legal Description 1: SE 1/4 OF NE 1/4-LESS N 500 FT 24-35-29/2 24.64 ACRES

Neighborhood

  • School District Name: Highlands County School District
  • Census Tract: 961000

Zoning

  • Zoning: EU

Geography

  • Parcel: C-24-35-29-A00-0020-0000
  • Meridian: SEC 24 TWN 35S RNG 29E
  • Municipality: COUNTY SOUTHWEST WATER
  • Latitude: 27.4219
  • Longitude: -81.3707

    Address

  • Full Address: 975 Farm Rd
  • Address - House Number: 975
  • Address - Street Name: Farm
  • Address - Suffix Type: Rd
  • State: FL
  • City Name: Sebring
  • Zip Code: 33876

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,832
  • Tax Rate Code Area: 40

    Market Valuation

  • Market Total Value: $4,364
  • Market Land Value: $2,834
  • Market Improvement Value: $1,530

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $2,762

    Sales

  • Current Sale Contract Date: May 11, 2023
  • Current Sale Recording Date: May 17, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2151468
  • Previous Sale Recording Date: Aug 23, 2004
  • Previous Sale Contract Date: Aug 01, 2004
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 20
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 Highlands

Stats & Trends

Median Asking:

$289,945

Sale Price/ft²

$180

Below Asking

0.03%

Average Days on Market

81

Average Home Size

1731 ft²

Average Home Age

26.6 years

Currently For Sale

502 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: Susan Geitner
ADVANTAGE REALTY 1
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# L4935211
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 975 Farm Road built and last sold?
The property at 975 Farm Road was built in and last sold on May 11, 2023 for $279,000.
How much is this home worth?
The estimated value of the home located at 975 Farm Road is $0.
What are some comparable homes to 975 Farm Road?
There are currently no comparable homes to 975 Farm Road.
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