NOT LISTED FOR SALE

3283 NW 40th Dr Okeechobee, FL 34972

Estimated Value: $460,000 - $730,098

8 Beds
8 Baths
7,654 Sq Ft
$82/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $336,000 $44 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,860/month

106 Days on Market

Highlights

  • 0.59 Acre Lot
  • Oversized Lot
  • Central Heating and Cooling System
  • No HOA
  • Tile Flooring

About This Home

As of May 2015

2 concrete block apartment buildings with a total of 7 apartments. 3 units are 2 bedroom, 1 bath with a storage/laundry room for each unit, current rents are 625.00 per month for each. 4 units in the second building are 2 bedroom, 2 baths with an in unit laundry room and are listed as units 1 - 4 and rent at 2,750.00 per mo. total.This is a well maintained property and units rent easily. All units have City water, and private septic system with 3 tanks and fields. LivestockYN = N, Alternate Use = Rental, Land Use = rental inc,

Last Agent to Sell the Property

Janetta Thiboult

GILBERT REALTY GROUP License #18851 Listed on: 11/19/2014

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1997

Lot Details

  • 0.59 Acre Lot
  • Property fronts a county road
  • Oversized Lot

Parking

  • Driveway

Home Design

  • 7,654 Sq Ft Home
  • Split Level Home
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Concrete Siding

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Additional Features

  • Range
  • Laundry in unit

Listing and Financial Details

  • Assessor Parcel Number 1-05--37-35-0060-00640-0020

Community Details

Overview

  • No Home Owners Association
  • Association fees include ground maintenance, sewer, trash
  • 7 Units
  • Basswood Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Gross Income $55,500
  • Net Operating Income $39,203

Property Details

Home Type

Multi-Family

Year Built

Built in 1997

Lot Details

0.59 Acres

Listing Details

  • HOA Fee Includes: Maintenance Grounds, Sewer, Trash
  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Concrete
  • Living Area: 7654
  • Lot Size Acres: 0.59
  • New Construction: No
  • Year Built: 1997
  • Status: Sold
  • Street Direction: NW
  • Unit Count: 4
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Ratio: Close Price\List Price: 0.88444
  • Price per Sq Ft: 43.9
  • Close to Original List Price Ratio: 0.88444
  • View: No
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Interior Amenities: Other
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Levels: Multi/Split, One

Exterior Features

  • Other Structures: Other
  • Roof: Metal, Shingle
  • Pool Private: No
  • Road Frontage Type: County Road
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No

Garage/Parking

  • Parking Features: Driveway, Other
  • Open Parking: No

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association: No
  • Security: Smoke Detector(s)

Lot Info

  • Parcel Number: 1-05--37-35-0060-00640-0020
  • Lot Features: Other, Oversized Lot
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 39203
  • Gross Income: 55500
  • Number Of Units Total: 7
  • Operating Expense: 13536

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2014
Closed on
May 15, 2015
Sold by
Garritano Eugene and Garritano Eugene D
Bought by
Morgan Florida Investments 1 Llc
Seller's Agent
Janetta Thiboult
GILBERT REALTY GROUP
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$379,900
Sold Price
$336,000
Premium/Discount to List
-$43,900
-11.56%
Current Estimated Value
$630,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,366
Avg. Annual Appreciation
6.02%
Original Mortgage
$136,000
Outstanding Balance
$104,584
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$525,782

Purchase Details

Closed on
Jul 30, 2004
Sold by
Baker Joe H and Baker Peggy
Bought by
Garritano Eugene D and Garritano Sarah N
Source: Public Records
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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
Morgan Florida Investments 1 Llc $336,000 South Florida Title Svcs Inc
Garritano Eugene D $435,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Florida Investments 1 Llc $136,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2015 05/15/15 Sold $336,000 -11.6% $44 / Sq Ft
03/05/2015 03/05/15 Pending -- -- --
11/19/2014 11/19/14 For Sale $379,900 -- $50 / Sq Ft
Source: Stellar MLS

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 $7,464 $455,090 $40,000 $415,090
2024 $6,662 $371,433 $30,000 $341,433
2023 $6,331 $366,433 $25,000 $341,433
2022 $5,510 $311,053 $24,000 $287,053
2021 $4,782 $235,232 $18,000 $217,232
2020 $4,635 $224,142 $15,500 $208,642
2019 $4,841 $243,100 $13,500 $229,600
2018 $4,634 $227,932 $10,400 $217,532
2017 $4,220 $197,608 $0 $0
2016 $4,046 $180,080 $0 $0
2015 $3,772 $165,481 $0 $0
2014 -- $134,519 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OK0208624

Stellar MLS

APN: R1-05-37-35-0060-00640-0020

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