NOT LISTED FOR SALE

3283 NW 40th Dr Okeechobee, FL 34972

Estimated Value: $275,000 - $1,236,000

8 Beds
8 Baths
7,654 Sq Ft
$98/Sq Ft Est. Value

Last Sold May 15, 2015

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

Est. 124% increase in value since last sale

Current estimated payment $4,547/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

Est. Annual Taxes

  • $6,662

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

Est. Annual Taxes

$6,662

Year Built

Built in 1997

Lot Details

0

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
  • Directions to Property: Hwy. 70 West to Hwy. 98 North enter Basswood and the 2 buildings are located on the left
  • 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
  • Street Number Modifier: 3283

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
  • Additional Parcels Description: 1-05-37-35-0060-00640-0010
  • Lot Features: Other, Oversized Lot
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Net Operating Income: 39203
  • Gross Income: 55500
  • Gross Scheduled 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
$752,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$416,212
Avg. Annual Appreciation
8.03%
Original Mortgage
$136,000
Outstanding Balance
$105,186
Interest Rate
3.79%
Mortgage Type
Commercial
Estimated Equity
$647,026

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

Range of Values:

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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
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 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
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

Florida Okeechobee County Okeechobee 34972

3283 NW 40th Dr, Okeechobee, FL

This home is located at 3283 NW 40th Dr, Okeechobee, FL 34972 since 19 November 2014 and is currently estimated at $752,212, approximately $98 per square foot. This property was built in 1997. 3283 NW 40th Dr is a home located in Okeechobee County with nearby schools including Seminole Elementary School, Yearling Middle School, and Okeechobee High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS 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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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