Sold for $480,000

$480,000

303 E POLK AVENUE, LAKE WALES, FL 33853

5beds

6baths

3,669sqft

Quadruplex, Multi Family

Built in 1925

-- sqft lot

$474,500 Zestimate^®

$131/sqft

$1,233 Estimated rent

Home value

$474,500

$432,000 - $522,000

$1,233/mo

Zestimate^® history

Owner options

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$1,233/mo

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$1,233/mo

Rent Zestimate^®

Refinance and save

$3,256/mo

Est. payment

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$3,256/mo

Est. payment

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What's special

Oversized lot

***PRICE REDUCTION***Looking for an investment opportunity look no further! This single family home also has a detached 1 bedroom 2 bathroom unit, and 2 additional tiny homes. This oversized lot is nestled in the heart of Lake Wales just minutes from downtown. The single family home is nearly 2,300 living sq. ft. and is currently used for student housing. The main house has 5 bedrooms 2 bathrooms. The detached efficiency with 1 bed and 2 bathrooms. There are also two additional single family homes that are both 1 bedroom and 1 bathroom. The monthly rents total $6,900.00 and an annual gross income of $82,800.00. So call today to get in on the action before this amazing opportunity slips away!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 6

Heating

Central, Wall Units / Window Unit

Cooling

Central Air, Wall/Window Unit(s)

Appliances

Laundry: Inside, Laundry Room

Features

Other
Has fireplace: No

Interior area

Total structure area: 4,116
Total interior livable area: 3,669 sqft

Property

Features

Exterior features: Other

Lot

Size: 0.62 Acres
Dimensions: 150 x 180

Details

Parcel number: 273001883000050060
Zoning: C-2
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Quadruplex, Multi Family

Materials

Wood Frame
Foundation: Crawlspace, Slab
Roof: Shingle

Condition

New construction: No
Year built: 1925

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Electricity Connected, Sewer Connected, Water Connected

Community & HOA

Community

Pet fee: $0 monthly
Subdivision: LAKE WALES

HOA

Has HOA: No

Location

Region: Lake Wales

Financial & listing details

Price per square foot: $131/sqft
Tax assessed value: $299,289
Annual tax amount: $6,581
Date on market: 5/8/2024
Cumulative days on market: 447 days
Listing terms: Cash,Conventional
Ownership: Fee Simple
Total actual rent: 0
Electric utility on property: Yes
Road surface type: Asphalt, Paved

Price history

Date	Event	Price
10/1/2025	Sold	$480,000-1.3%$131/sqft
Source: Stellar MLS #L4944595 Report a problem
9/8/2025	Pending sale	$486,460$133/sqft
Source: Stellar MLS #L4944595 Report a problem
8/25/2025	Price change	$486,460-3%$133/sqft
Source: Stellar MLS #L4944595 Report a problem
5/10/2025	Price change	$501,505-5%$137/sqft
Source: Stellar MLS #L4944595 Report a problem
3/18/2025	Price change	$527,900-4%$144/sqft
Source: Stellar MLS #L4944595 Report a problem
8/14/2024	Price change	$549,900-3.5%$150/sqft
Source: Stellar MLS #L4944595 Report a problem
8/5/2024	Listed for sale	$570,000$155/sqft
Source: Stellar MLS #L4944595 Report a problem
7/16/2024	Pending sale	$570,000$155/sqft
Source: Stellar MLS #L4944595 Report a problem
5/8/2024	Listed for sale	$570,000+48.1%$155/sqft
Source: Stellar MLS #L4944595 Report a problem
10/25/2022	Sold	$385,000-9.4%$105/sqft
Source: Public Record Report a problem
9/7/2022	Pending sale	$425,000$116/sqft
Source: Stellar MLS #P4922478 Report a problem
8/30/2022	Listed for sale	$425,000$116/sqft
Source: Stellar MLS #P4922478 Report a problem
8/25/2022	Pending sale	$425,000$116/sqft
Source: Stellar MLS #P4922478 Report a problem
8/23/2022	Listed for sale	$425,000+165.6%$116/sqft
Source: Stellar MLS #P4922478 Report a problem
6/16/2021	Sold	$160,000-8.6%$44/sqft
Source: Public Record Report a problem
1/29/2021	Pending sale	$175,000$48/sqft
Source: MUSIC REALTY #P4913945 Report a problem
1/11/2021	Listed for sale	$175,000+79.5%$48/sqft
Source: MUSIC REALTY #P4913945 Report a problem
9/20/2000	Sold	$97,500$27/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,032 +1.6%	$299,289 -3.4%
2024	$5,936 -1%	$309,687 +0.3%
2023	$5,998 +85.7%	$308,863 +79.8%
2022	$3,230 +132.5%	$171,809 +74.4%
2021	$1,389 +5.9%	$98,497 +4.6%
2020	$1,311 +2.5%	$94,198 +5%
2019	$1,278 -31.4%	$89,709 -6.9%
2018	$1,862 +3%	$96,324 +17.5%
2017	$1,807 +65.7%	$81,982 +4.5%
2016	$1,091 +5%	$78,464 +3.3%
2015	$1,038 +2.9%	$75,931 +2.8%
2014	$1,009 -22.6%	$73,827 -5.6%
2013	$1,305 -19.4%	$78,202 -14.6%
2009	$1,619	$91,596
2007	--	--
2004	$985 -22.1%	--
2001	$1,265	$50,090