NOT LISTED FOR SALE

1392 NE 48th Ave Okeechobee, FL 34972

Estimated Value: $396,000 - $661,281

4 Beds
3 Baths
4,034 Sq Ft
$123/Sq Ft Est. Value

Last Sold February 17, 2022

Last sale price $300,000 $74 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,223/month

22 Days on Market

Highlights

  • Water Views
  • Workshop
  • Central Heating and Cooling System
  • 191,621 Sq Ft lot
  • Tile Flooring
  • Combination Kitchen and Dining Room

About This Home

As of February 2022

Great opportunity to own a large home on 4.399 acres with a large work shop in the back. Located on the East side of Okeechobee, a block from Hwy 70. Close to town or an easy commute to the coast. No HOA. Plenty of space for a mother-in-law suite, apartment or man-cave. Property consists of two separate lots. Currently zoned light industrial. Great location for a home and business. Home needs a new roof and some renovation. Investor or handyman special.Great potential.

Last Agent to Sell the Property

Mary Franklin

Legacy Real Estate of Florida LLC License #3507032 Listed on: 01/25/2022

Last Buyer's Agent

Mary Franklin

Legacy Real Estate of Florida LLC License #3507032 Listed on: 01/25/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,704

Year Built

  • Built in 1968

Lot Details

  • 4.4 Acre Lot

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,034 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Single Hung Metal Windows
  • Combination Kitchen and Dining Room
  • Workshop
  • Tile Flooring
  • Water Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Okeechobee Gardens Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11337350010002400010

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,704

Year Built

Built in 1968

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Property Sub Type Additional: Single Family Residence
  • Directions: Highway 70 East turn on to 48th ave property on the left
  • Year Built: 1968
  • Architectural Style: Ranch
  • Year Built Details: Resale
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Kitchen/Dining Combo, Workshop
  • Furnished: Unfurnished
  • Appliances: Dryer, Electric Water Heater, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Flooring: Tile
  • Living Area: 4034.0
  • Dining Room Type: Workshop
  • Stories: 1
  • Window Features: Metal, Single Hung

Exterior Features

  • View: Other, Water
  • Pool Features: None
  • Pool Private: No
  • Waterfront: No
  • Construction Type: Block
  • Property Condition: Resale, Fixer
  • Roof: Composition, Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Garage Yn: Yes
  • Parking Features: Driveway, Two or More Spaces

Utilities

  • Laundry Features: In Garage
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Non-Gated
  • Senior Community: No
  • Amenities: Other
  • Pets Allowed: Yes

Lot Info

  • Parcel #: 11337350010002400010
  • Lot Size Sq Ft: 191621.0
  • Zoning Description: Resident
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2704.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2022
Closed on
Feb 16, 2022
Sold by
Ruiz Oscar J and Mendez Estefany
Bought by
Perez Gilberto I and Tuch Catarina Chiguil
Seller's Agent
Mary Franklin
Legacy Real Estate of Florida LLC
Buyer's Agent
Mary Franklin
Legacy Real Estate of Florida LLC
List Price
$300,000
Sold Price
$300,000
Current Estimated Value
$497,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,760
Avg. Annual Appreciation
13.90%

Purchase Details

Closed on
May 25, 2001
Sold by
Abuequab Naser
Bought by
Ruiz Basiliso

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,000
Interest Rate
7.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perez Gilberto I $300,000 Okee Tantie Title
Ruiz Oscar J -- Okee Tantie Title
Ruiz Basiliso $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruiz Basiliso $91,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/17/2022 02/17/22 Sold $300,000 0.0% $74 / Sq Ft
01/25/2022 01/25/22 For Sale $300,000 -- $74 / Sq Ft
Source: BeachesMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,471 $533,285 $128,124 $405,161
2024 $7,452 $532,006 $128,124 $403,882
2023 $7,871 $519,292 $117,258 $402,034
2022 $2,726 $177,983 $81,794 $96,189
2021 $2,451 $149,792 $66,495 $83,297
2020 $2,176 $225,351 $50,979 $174,372
2019 $4,194 $270,235 $43,365 $226,870
2018 $3,922 $244,283 $43,365 $200,918
2017 $3,540 $211,292 $0 $0
2016 $3,299 $184,122 $0 $0
2015 $3,227 $171,753 $0 $0
2014 -- $161,701 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Franklin

    Seller's Agent in 2022

    Mary Franklin

    Legacy Real Estate of Florida LLC

    (772) 200-0417

    40 in this area

    68 Total Sales

    Mary Franklin
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Map

Source: BeachesMLS

MLS Number: R10772294

BeachesMLS

APN: R1-13-37-35-0010-00240-0010

Florida Okeechobee County Okeechobee 34972

1392 NE 48th Ave, Okeechobee, FL

Not Listed for Sale

Detached

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