NOT LISTED FOR SALE

5350 U S 441 Okeechobee, FL 34974

Estimated Value: $949,000 - $1,776,000

9 Beds
11 Baths
8,667 Sq Ft
$145/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $750,000 $87 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,805/month

350 Days on Market

Highlights

  • 1.07 Acre Lot
  • No HOA
  • Heating Available
  • Canal View
  • Cooling Available

About This Home

As of May 2021

On The Rim RV Park-19 unit RV and Multi-Family Park on the Rim Canal along the north shore of Lake Okeechobee. Annual rentals. Steady income. Turn-key ready to go. NOI $128,640.00.

Last Agent to Sell the Property

Samantha Saucedo

TUCKER GROUP LLC License #3305395 Listed on: 05/07/2020

TUCKER GROUP LLC

Last Buyer's Agent

Samantha Saucedo

TUCKER GROUP LLC License #3305395 Listed on: 05/07/2020

TUCKER GROUP LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,567

Year Built

  • Built in 1977

Lot Details

  • 1.07

Parking

  • Open Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 8,667 Sq Ft Home
  • Canal Views

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Additional Features

  • Access to Freshwater Canal
  • 1.07 Acre Lot

Community Details

  • No Home Owners Association
  • 5 Buildings
  • 19 Units
  • Playland Park Acres/1St Add Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,567

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 8667
  • Lot Size Acres: 1.07
  • New Construction: No
  • Year Built: 1977
  • Lot Size Sq Ft: 46566
  • Directions to Property: 441 SE
  • Status: Sold
  • Street Post Direction: SE
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/OK219158?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/OK219158?w=Customer
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.83799
  • Price per Sq Ft: 86.54
  • Close to Original List Price Ratio: 0.75377
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Street Number Modifier: 5350
  • Number Of Buildings: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Other
  • Roof: Other
  • Pool Private: No
  • Waterfront: No
  • Water View: Canal
  • Water Access: Canal - Freshwater
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Open
  • Open Parking: Yes

Utilities

  • Utilities: Electricity Available
  • Cooling: Other
  • Heating: Other
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RV/MH,PK L
  • Parcel Number: R1-06-38-36-0A00-00001-A000
  • Additional Parcels: No
  • Flood Zone Code: 0
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 19

Tax Info

  • Tax Annual Amount: 7566.89
  • Tax Block: 0
  • Tax Book Number: 0
  • Tax Lot: 13-15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2022
Sold by
On The Rim Rv Park Llc
Bought by
Vcg Mf Camp Bravo/ Park Lake Llc
Current Estimated Value
$1,259,761

Purchase Details

Listed on
May 7, 2020
Closed on
Apr 30, 2021
Sold by
On The Rim Rv Park Llc
Bought by
Madeira Vista 203 Llc
Seller's Agent
Samantha Saucedo
TUCKER GROUP LLC
Buyer's Agent
Samantha Saucedo
TUCKER GROUP LLC
List Price
$995,000
Sold Price
$750,000
Premium/Discount to List
-$245,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.36%

Purchase Details

Closed on
Nov 1, 2019
Sold by
Wells Paul and The Wells Family Revocable Tru
Bought by
On The Rim Rv Park Llc

Purchase Details

Closed on
Jul 13, 2018
Sold by
Chobee Investments Llc
Bought by
Wells Paul and Wells Family Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2014
Sold by
Harbor Community Bank
Bought by
Chobee Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6%
Mortgage Type
Balloon

Purchase Details

Closed on
Jun 2, 2014
Sold by
Oberley Jerry and Oberley Mary V
Bought by
Harbor Community Bank

Purchase Details

Closed on
Dec 10, 2009
Sold by
First Bank & Trust Company Of Indiantown
Bought by
Oberely Jerry E and Oberely Mary V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 18, 2009
Sold by
Lightsey Dewey A and Lightsey Ruth M
Bought by
First Bank & Trust Company Of Indiantown

Purchase Details

Closed on
Mar 5, 2007
Sold by
Lightsey Ruth M and Lightsey Dewey
Bought by
Lightsey Ruth M

Purchase Details

Closed on
May 19, 2004
Sold by
P J C Of Central Fl Llc
Bought by
Lightsey Dewey A and Lightsey Ruth M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.77%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 21, 2003
Sold by
Fralix G Wynn and Fralix Johnnie Ruth
Bought by
P J C Cntl Fl L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.95%
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
Vcg Mf Camp Bravo/ Park Lake Llc $1,915,000 --
Madeira Vista 203 Llc $750,000 Attorney
On The Rim Rv Park Llc $575,000 Attorney
Wells Paul $335,000 Clear Title & Legal Services
Chobee Investments Llc $192,786 Clear Title & Legal Services
Harbor Community Bank -- None Available
Oberely Jerry E $180,000 Attorney
First Bank & Trust Company Of Indiantown -- None Available
Lightsey Ruth M -- Attorney
Lightsey Dewey A $550,000 --
P J C Cntl Fl L L C $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Paul $160,000
Previous Owner Chobee Investments Llc $150,000
Previous Owner Oberely Jerry E $230,000
Previous Owner Lightsey Dewey A $375,000
Previous Owner P J C Cntl Fl L L C $243,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2021 05/04/21 Sold $750,000 -16.2% $87 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
12/07/2020 12/07/20 Price Changed $895,000 -10.1% $103 / Sq Ft
05/07/2020 05/07/20 For Sale $995,000 -- $115 / 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 $13,515 $866,845 $493,144 $373,701
2023 $13,056 $835,470 $450,662 $384,808
2022 $11,073 $645,458 $360,523 $284,935
2021 $8,512 $495,084 $288,414 $206,670
2020 $7,567 $390,335 $213,640 $176,695
2019 $6,380 $309,965 $131,264 $178,701
2018 $6,138 $299,711 $147,524 $152,187
2017 $5,548 $261,829 $0 $0
2016 $5,379 $234,791 $0 $0
2015 $5,204 $213,986 $0 $0
2014 -- $191,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OK219158

Stellar MLS

APN: R1-06-38-36-0A00-00001-A000