NOT LISTED FOR SALE

917 NW 11th St Okeechobee, FL 34972

Estimated Value: $186,426 - $269,000

4 Beds
2 Baths
1,300 Sq Ft
$182/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $55,000 $42 Per Sq Ft

Est. 307% increase in value since last sale

Current estimated payment $1,450/month

26 Days on Market

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace

About This Home

As of June 2016

EXCITING INVESTMENT OPPORTUNITY!!!CBS, Separate water and electric meters. City water and sewer. Each unit is 2 bed 1 bath. Area rents for $600+ a unit, property below market value at $550 a unit. Make $13200 a year with minimal expenses.22%+ gross return on investment.

Last Agent to Sell the Property

James Villarroel

Inactive Member License #3009858 Listed on: 05/25/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 10,498 Sq Ft Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Tile Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $13,200
  • Rent includes electricity, sewer, cable TV, water
  • Assessor Parcel Number 31537350010002500070

Community Details

Overview

  • 2 Units
  • Okeechobee Subdivision

Building Details

  • Operating Expense $2,400
  • Net Operating Income $10,800

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Property Sub Type: Duplex
  • Property Sub Type Additional: Duplex
  • Directions: Use any lane to turn left onto FL-70 W/NE Park St. Follow NW 9th Ave to NW 11th St. Turn right onto NW 9th Ave. Turn left onto NW 11th St. destination will be on he left.
  • Year Built: 1972
  • Unit Levels: One
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Living Area: 1300.0

Exterior Features

  • Lot Features: < 1/4 Acre
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Block
  • Roof: Composition, Shingle

Utilities

  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Rent Includes: Electricity, Sewer, Cable TV, Water
  • Senior Community: No
  • Association Fee Frequency: Monthly

Lot Info

  • Parcel #: 31537350010002500070
  • Lot Size Sq Ft: 10498.0
  • Zoning Description: MULTI-FA
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Exterior Electric, Sewer, Water

Multi Family

  • Property Net Operating Income: 10800.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 2400.0
  • Total Actual Rent: 13200.0

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 1814.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Rodriguez Rickey N
Bought by
Rods Investing Company Llc
Current Estimated Value
$223,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,000
Outstanding Balance
$142,848
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$93,759

Purchase Details

Closed on
Nov 25, 2020
Sold by
Besyde Myself Llc
Bought by
Rodriguez Rickey N

Purchase Details

Closed on
Oct 7, 2016
Sold by
Feger Larry
Bought by
Besyde Myself Llc

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 18, 2016
Sold by
Grace John H and Beckett Rogers D
Bought by
Rock It Properties Llc
Seller's Agent
James Villarroel
Inactive Member
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.51%

Purchase Details

Listed on
May 25, 2016
Closed on
Jun 13, 2016
Sold by
Rock It Properties Llc
Bought by
Feger Larry
Seller's Agent
James Villarroel
Inactive Member
List Price
$59,900
Sold Price
$55,000
Premium/Discount to List
-$4,900
-8.18%

Purchase Details

Closed on
Mar 24, 2006
Sold by
Bowman Cynthia Jean
Bought by
Grace John H and Beckett Rogers D

Purchase Details

Closed on
May 4, 1998
Sold by
Lewis Paul R
Bought by
Bowman Cynthia Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rods Investing Company Llc $100 New Title Company Name
Rodriguez Rickey N $80,000 Title Guaranty Of South Fl I
Besyde Myself Llc $68,000 Reliable Title Inc
Rock It Properties Llc $42,500 Florida Select Title Llc
Feger Larry $56,000 Florida Select Title Llc
Grace John H $30,000 Attorney
Bowman Cynthia Jean $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rods Investing Company Llc $156,000
Previous Owner Bowman Cynthia Jean $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2016 06/21/16 Sold $55,000 -8.2% $42 / Sq Ft
05/25/2016 05/25/16 For Sale $59,900 -- $46 / Sq Ft
Source: BeachesMLS (Greater Fort Lauderdale)

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 $3,357 $149,439 $17,500 $131,939
2024 $2,980 $106,502 $9,800 $96,702
2023 $2,813 $103,236 $8,750 $94,486
2022 $2,463 $72,010 $5,600 $66,410
2021 $2,205 $67,787 $4,550 $63,237
2020 $2,393 $76,691 $4,550 $72,141
2019 $2,320 $76,908 $4,900 $72,008
2018 $2,210 $69,478 $3,360 $66,118
2017 $2,003 $59,486 $0 $0
2016 $1,881 $53,123 $0 $0
2015 $1,814 $48,942 $0 $0
2014 -- $46,146 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    James Villarroel

    Inactive Member

See All Agents

Map

Source: BeachesMLS (Greater Fort Lauderdale)

MLS Number: R10237825

BeachesMLS (Greater Fort Lauderdale)

APN: R3-15-37-35-0010-00250-0070

Florida Okeechobee County Okeechobee 34972

917 NW 11th St, Okeechobee, FL

Not Listed for Sale

MultiFamily

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