1 month on rocket

7924 N Socrum Loop Rd, Lakeland, FL, 33805

$728,900

Home List Price

$8,656*

Closing Credit

6 Bedrooms
3 Full Baths
4,409 SqFt
$165/SqFt
Multi

Location

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7924 N Socrum Loop Rd, Lakeland$728,900

Buyer Closing Credits

$8,656*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingCarport, Circular Driveway, Off Street
Year Built1947
HeatingCentral, Electric
CoolingCentral Air
MLS #2057632
Lot Size0.70 Acres
StatusActive

About 7924 N Socrum Loop Rd

With incredible passive income possibilities, this Lakeland jewel is perfect for the savvy investor or those just starting out looking for an astonishing money-generating property. 7924 N Socrum Loop comprises 3 single-family houses all on one lot! Unit 1 has 2 bedrooms, 1 full bathroom, screened-in porches, and over 1,296 sq feet of living space. Unit 2 has 4 bedrooms (2 masters), 2 full bathrooms, a carport, tons of storage, and over 1,681 sq ft of living space. Unit 3 has 1 bedroom, one full bath, a screened-in porch, and 900 sq ft of living space. All properties have private patios, dining/ living room areas, generous closet space, individual HVAC Units, updated roofs, and laundry facilities. This Triplex is low maintenance with considerable upside potential. Current owners had renters in place until recently, generating $10,000/mo. Don't miss this fantastic opportunity to own an extraordinary income-producing property in Lakeland, Florida. Schedule your showing today and see yourself! You'll be glad you did.

Property Details

Property Features

Property Information:

  • Year Built: 1947
  • Stories: 1
  • Living Area: 4,409 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS JACKSONVILLE
  • Listing Agent: JOSEPH POLETTO

Interior Features

Interior Information:

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Flooring Type: Concrete, Laminate, Tile, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Carport, Circular Driveway, Off Street

Lot Features

Lot Information:

  • Lot: Few Trees, Split Possible
  • Lot Size: 0.70 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From Marcum Rd. turn on to N. Socrum Loop, go north to property on left

Price Information

Listing Price Info

Price Summary:

  • List Price: $728,900
  • Price Per SqFt: $165/SqFt
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Housing Market Comparison

See how this home compares to others in Lakeland, FL.

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Lakeland, FL

City

Med. Sold Price

$319.8K

Med. Price/SqFt

$195

Avg. Days On Market

55

# of Sold Homes

176

7924 N Socrum Loop Rd vs Lakeland

40 DAYS ON ROCKET

-15 Days

$728,900

+$409K More

$165/SqFt

-$30 Less

KEY TAKEAWAY

This property is $409K more than the Median Sold Price and $30/SqFt less than other homes in Lakeland, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: realMLS (Northeast Florida Multiple Listing Service)
  • MLS Number: #2057632

Listing Office:

  • Office Name: KELLER WILLIAMS JACKSONVILLE
  • Listing Agent: JOSEPH POLETTO

Copyright © 2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/30/2024, 11:51:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,705

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,252

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NMLS#3030

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-2251906
3
/10

  • Ed Padgett Elementary School

  • 110 Leelon Rd

  • 1.52 miles

  • Public District Grades PK-5

school-card-donut-2251907
3
/10

  • R. Clem Churchwell Elementary School

  • 8201 Park Byrd Rd

  • 1.98 miles

  • Public District Grades PK-5

school-card-donut-2251908
3
/10

  • Dr. NE Roberts Elementary School

  • 6600 Green Rd

  • 2.20 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,767. The most common annual income of people living in Lakeland, FL is between $35k-100k. Typical family type is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Lakeland, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What are the common housing types in Lakeland, FL?

The housing landscape in Lakeland is characterized by a mix of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. The architectural styles in the area are diverse, with a notable presence of modern, traditional, and ranch-style homes. A significant portion of the housing stock was developed from the 1980s to the early 2000s, reflecting a period of growth for the city. The homeownership rate in Lakeland is robust, with a majority of residents owning their homes, while a smaller percentage of the population opts for rental housing.

What are the advantages of living in Lakeland, FL?

Lakeland prides itself on its serene lakes and abundant green spaces, which contribute to the city's peaceful and family-friendly atmosphere. The community is celebrated for its annual events, such as the Sun 'n Fun Aerospace Expo, which showcases the city's passion for aviation and community engagement. The downtown area is known for its historic charm and is a hub for local gatherings and festivities.

Are essential services in Lakeland, FL convenient?

Lakeland offers a comprehensive range of services to its residents. The educational system includes numerous public and private schools, providing a variety of choices for families. Healthcare is well-supported by local hospitals and clinics that offer a range of services from primary care to specialized treatments. The city also boasts a network of public libraries and a vibrant retail and dining scene that reflects the local culture. City initiatives are in place to continually improve services to meet the evolving needs of Lakeland's diverse population.

How do Lakeland, FL residents get around?

Transportation options in Lakeland cater to a variety of preferences, with a public bus system providing connections across the city. Ride-sharing services are readily available, offering an alternative to personal vehicle use. The city is designed to be navigable by car, with a network of roads and highways that facilitate commuting and travel. While certain areas of Lakeland are more pedestrian-friendly, efforts are being made to enhance walkability and bikeability throughout the city. Public transportation schedules are designed to accommodate peak hours, ensuring convenience for daily commuters.

Rocket Homes›Florida›Polk County›Lakeland›33805›7924 N Socrum Loop Rd

This home is located at 7924 N Socrum Loop Rd in Lakeland, FL and zip code 33805. This 4,409 square foot home, which was built in 1947, sits on a 0.70 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 21, 2024 and is currently priced at $728,900.

In November 2024 more than 23 listings in Lakeland, FL were sold above the asking price. During the same period more than 41 listings were sold at asking price, while more than 112 were sold below. Between October 2024 and November 2024, Lakeland, FL real estate market has seen increase in the number of listings by 3.2%. While the average time on the market in November 2024 was 55 days, the median list price was $319,895.

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

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