Seller's Agent in 2020
Joe Tumolo
EXP Realty LLC
(772) 877-1875
105 Total Sales
704 SW 6th St Okeechobee, FL 34974
Estimated Value: $318,000 - $574,000
3
Beds
3
Baths
3,300
Sq Ft
$134/Sq Ft
Est. Value
Highlights
- Water Views
- Patio
- Ceiling Fan
- Wood Flooring
- Forced Air Zoned Heating and Cooling System
- Fenced
About This Home
As of December 2020Multifamily Cash Cow right in the Heart of Okeechobee. Exterior almost completely rebuilt and updated in 2007 from a small home to a giant 3300+ concrete block duplex with 2007 trusses and 2007 commercial grade galvanized steel roof. Two 5 ton commercial A/C units (2007 and 2017). Practically new with many interior updates in the past 2 years including Kitchens, Bathrooms, flooring and more. Zoned duplex with on-time, paying tenants, with leases in place. Grossing over $4200 per month. One side of the property is a 4 bed/3.5 bath with rental income of $2,450 per month and the other side is 3 bed/2 bath at $1750 per month. Communal coin laundry brings in approx. $130 per month. Lovely area, right across the street from a church and school. Walking distance to downtown Okeechobee.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,760
Year Built
- Built in 1987
Lot Details
- 0.44 Acre Lot
- Fenced
Home Design
- Duplex
- Metal Roof
Interior Spaces
- 3,300 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Water Views
Flooring
- Wood
- Tile
Outdoor Features
- Patio
Utilities
- Forced Air Zoned Heating and Cooling System
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 32137350020025100120
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $12,840
- Net Operating Income $37,560
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 29, 2016
Sold by
Td Bank National Association
Bought by
110 Marion Road Inc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$88,699
Interest Rate
3.98%
Mortgage Type
Stand Alone First
Estimated Equity
$355,834
Purchase Details
Closed on
May 11, 2015
Sold by
Bennett Trey W and Bennett Loralie T
Bought by
Td Bank Na
Purchase Details
Closed on
Mar 28, 2001
Sold by
Okeechobee Cty School Board
Bought by
Bennett Trey W and Bennett Loralie T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
7.02%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 110 Marion Road Inc | $85,000 | Gullett Title | |
| Td Bank Na | $45,100 | None Available | |
| Bennett Trey W | $137,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 110 Marion Road Inc | $40,000 | |
| Open | 110 Marion Road Inc | $60,000 | |
| Open | 110 Marion Road Inc | $110,000 | |
| Previous Owner | Bennett Trey W | $175,000 | |
| Previous Owner | Bennett Trey W | $132,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2020 12/23/20 | Sold | $294,500 | -1.5% | $89 / Sq Ft |
| 11/23/2020 11/23/20 | Pending | -- | -- | -- |
| 08/28/2020 08/28/20 | For Sale | $299,000 | -- | $91 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
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 | $6,708 | $309,281 | $25,993 | $283,288 |
| 2023 | $6,377 | $309,281 | $25,993 | $283,288 |
| 2022 | $5,594 | $221,810 | $19,595 | $202,215 |
| 2021 | $5,300 | $208,422 | $15,996 | $192,426 |
| 2020 | $4,924 | $190,941 | $11,997 | $178,944 |
| 2019 | $4,760 | $186,694 | $11,996 | $174,698 |
| 2018 | $4,243 | $182,123 | $11,996 | $170,127 |
| 2017 | $3,780 | $149,633 | $0 | $0 |
| 2016 | $3,431 | $131,595 | $0 | $0 |
| 2015 | $4,238 | $164,656 | $0 | $0 |
| 2014 | -- | $154,728 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Tumolo
-
Marci Whitley
M
Seller Co-Listing Agent in 2020
Marci Whitley
RE/MAX
(386) 747-7229
158 Total Sales
-
Michael Johnston
Buyer's Agent in 2020
Michael Johnston
The Keyes Company
(561) 577-0398
173 Total Sales
Map
Source: BeachesMLS
MLS Number: R10650652
APN: R3-21-37-35-0020-02510-0120
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