8 months on rocket

524 Washington Ave, Lake Wales, FL, 33853

$130,000

Home List Price

$1,544*

Closing Credit

2 Bedrooms
1 Full Bath
475 SqFt
$274/SqFt
House

Location

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524 Washington Ave, Lake Wales$130,000

Buyer Closing Credits

$1,544*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1941
HeatingWindow Unit(s)
CoolingWall/Window Unit(s)
MLS #S5100068
Lot Size0.13 Acres
StatusActive

About 524 Washington Ave

This charming 2-bedroom, 1-bathroom home is a TURN KEY ready gem! Perfect for those looking to scale down or seeking an investment property, this lovely residence boasts numerous updates throughout. Upon entering, you'll notice the inviting front enclosed porch, ideal for enjoying your morning coffee or relaxing in the evening. Inside, the home features laminate vinyl plank flooring throughout, providing both durability and aesthetic appeal. Say goodbye to carpet maintenance! The functionality of the home is further enhanced by a brand-new roof, installed in 2023, offering peace of mind for years to come. Additionally, the fenced large backyard with a parking pad offers convenience and security. The layout includes an eat-in kitchen, a hall bath, and two cozy bedrooms, making it both practical and comfortable. Situated in a highly accessible location near Hwy 27 and Alt 17 in historic Lake Wales, this property provides easy access to major highways, as well as the flourishing Lake Wales community's new restaurants and shopping areas. For investors, this property presents a lucrative opportunity with a rate of return of less than 6 years based on market rent in the area. Don't miss out on this fantastic investment potential or the chance to own a beautifully updated home in Lake Wales!

Property Details

Property Features

Property Information:

  • Year Built: 1941
  • Living Area: 475 SqFt

Listing Office:

  • Office Name: MCO REALTY
  • Office Phone: (407) 479-8601
  • Listing Agent: Norshawndra Smith

Interior Features

Interior Information:

  • Appliances: None
  • Flooring Type: Laminate, Vinyl
  • Interior: Ninguno

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Private Mailbox

Virtual/3D Tour

  • Virtual Tour: 524 Washington Ave
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Window Unit(s)
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: Take US 27S to Lake Wales. Turn left on Washington Ave, home is located on the right side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $130,000
  • Price Per SqFt: $274/SqFt

Tax Information:

  • Annual Amount: $539
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lake Wales, FL.

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Lake Wales, FL

City

Med. Sold Price

$270K

Med. Price/SqFt

$175

Avg. Days On Market

54

# of Sold Homes

27

524 Washington Ave vs Lake Wales

249 DAYS ON ROCKET

+195 Days

$130,000

-$140K Less

$274/SqFt

+$99 More

KEY TAKEAWAY

This property is $140K less than the Median Sold Price and $99/SqFt more than other homes in Lake Wales, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #S5100068

Listing Office:

  • Office Name: MCO REALTY
  • Office Phone: (407) 479-8601
  • Listing Agent: Norshawndra Smith

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 5:19:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$539$19,747
2018$459$16,624
2017$460$15,326

History based on county public records data.

Payment Calculator

$716

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$456

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1195958
2
/10

  • Janie Howard Wilson School

  • 306 Florida Ave

  • 0.32 miles

  • Public Charter Grades PK-5

school-card-donut-1195959
2
/10

  • Spook Hill Elementary School

  • 321 Dr J A Wiltshire Ave E

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-1195960
2
/10

  • Polk Avenue Elementary School

  • 110 E Polk Ave

  • 1.27 miles

  • Public Charter Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $19,107. The majority of Lake Wales, FL residents have income less than $35k annually. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 524 Washington Ave

What is the listing price of this property?

The listing price of 524 Washington Ave property is $130,000.

What type of property is this?

The property 524 Washington Ave is a house located in Lake Wales, Florida, 33853.

Is this property for sale now?

Active Listing: 524 Washington Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $539 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 524 Washington Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 524 Washington Ave is 475 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 524 Washington Ave is 1941.

Rocket Homes›Florida›Polk County›Lake Wales›33853›524 Washington Ave

This home is located at 524 Washington Ave in Lake Wales, FL and zip code 33853. This 475 square foot home, which was built in 1941, sits on a 0.13 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since March 20, 2024 and is currently priced at $130,000.

In October 2024, from all listings sold in Lake Wales, FL there were more than 8 sold above asking price, over 12 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Lake Wales, FL increased by 1% between September 2024 and October 2024. In October 2024, listings were on the market for 54 days. During the same period, the median list price in this real estate market was $270,000.

From Rocket Homes Real Estate and based on county public records data.

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