tomo logo

$429,900

Beds
2
Baths
2.0
sq ft
1,577

1099 7th St, Okeechobee, FL 34974

1099 7th St

Okeechobee, FL 34974

  • 8 days on market
With full price offer the 2nd lot is included! (65'x100' with it's own electricity, water, concrete pad, 2-50 amp RV hookups, concrete seawall & outbuildings) (See sold comps, $80,000 for such lots!) Great vacation rental property with no hoa or restrictions, year round fun or winter get away! Metal roof, 30 amp RV hook up,soaring ceilings, 6'' thick walls, crown molding with hardwood floors throughout much of the home under vinyl floor. Large guest suite has it's own entry making this the perfect multi-generational home or live in it & use suite for extra income. Large front porch & back screen porch overhanging the water. Coconut, papaya & banana trees! Fish from your backyard, dock your boat, cruise the canals or head out through the lock to massive Lake Okeechobee, the bass capital

Details

Property type

Single Family Residence

Est. home value

$362,148

Lot size

0.3 acres

Price per sq ft

$273

Year built

1940

Annual property taxes

$2,319

Price History

12/15/2024
Beaches

Beaches #R11045133

Listed
$429,900
12/05/2024
Beaches

Beaches #R11019248

Removed
$429,900
10/30/2024
Beaches

Beaches #R11019248

Price change
$429,900
-4.47%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$264,148
Asking price
$429,900
Closing costs (~8% of asking)
-$34,392
Est. remaining loan balance
-$131,360
Cash to seller
$264,148

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Primelending

Loan start date

February 2021

Original loan amount

$144,027

Est. remaining balance

$131,360

Interest rate

2.66%

Loan type

FHA, 30 year

Seller

Carol Hazel Perry and John Perry

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/22/2024 at 9:45 PM

Listing updated: 12/19/2024 at 3:00 AM

Listed by: Carol Perry, EXP Realty LLC Phone #: (888) 883-8509

MLS: Beaches #R11045133

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