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Sold for $247,000
  • $247,000

    530 S 7TH STREET, LAKE WALES, FL 33853

    2beds
    1,636sqft
    Single Family Residence
    Built in 1925
    0.42 Acres Lot
    $246,800 Zestimate®
    $151/sqft
    $1,522 Estimated rent

    Home value

    $246,800

    $232,000 - $264,000

    $1,522/mo

    Zestimate® history
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    What's special

    Gas stovePortable generator hookup
    Virtually Staged. Welcome to 530 S 7th Street, a charming opportunity nestled in the established Palm Park Terrace community of Lake Wales. This residence offers a blend of character, comfort, and key system updates, making it an appealing choice for both homeowners and investors looking for long-term value. Major improvements have already been taken care of, including a roof installed in 2017, a newer A/C system from 2023, and a water heater updated in 2016—providing peace of mind and reducing near-term maintenance concerns. The kitchen comes equipped with a dishwasher, microwave, and GAS stove, all of which convey with the sale, adding immediate convenience for move-in or rental readiness. Adding even more versatility, the property features a 30-amp RV hookup along with a portable generator hookup, offering added functionality, convenience, and preparedness—ideal for travel enthusiasts or backup power needs. Positioned just minutes from the heart of Lake Wales, this location offers easy access to local dining, shopping, and everyday essentials. Residents will appreciate proximity to the vibrant downtown corridor, known for its historic charm and community events, as well as nearby parks and recreational spaces perfect for enjoying Florida’s year-round sunshine. Looking ahead, the area continues to see thoughtful growth and revitalization, enhancing both lifestyle appeal and property value potential. With ongoing interest in Central Florida’s expansion, Lake Wales is gaining attention for its balance of small-town character and accessibility to larger metro areas. Whether you're searching for a primary residence or a smart addition to your portfolio, this property delivers a compelling combination of location, updates, added utility features, and future upside. Don’t miss the chance to secure your place in one of Lake Wales’ steadily evolving neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Luis Henriqu Cossenzo Candioto 407-867-8843,

    KELLER WILLIAMS ADVANTAGE III 407-207-0825,

    Rocherly Arzeno 978-972-0833,

    KELLER WILLIAMS ADVANTAGE III

    Bought with:

    Malak Hassani Benbachir, 3498398

    KELLER WILLIAMS REALTY SMART 1

    Source: Stellar MLS,MLS#: O6395623MLS LogoOriginating MLS: Orlando Regional

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Primary bedroom
    • Features: Walk-In Closet(s)
    • Level: First
    Bedroom 2
    • Features: Built-in Closet
    • Level: First
    Kitchen
    • Level: First
    Living room
    • Level: First
    Heating
    • Central, Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Microwave, Range
    • Laundry: Inside
    Features
    • Ceiling Fan(s), Living Room/Dining Room Combo, Open Floorplan, Thermostat
    • Flooring: Tile, Hardwood
    • Has fireplace: Yes
    • Fireplace features: Electric, Wood Burning
    Interior area
    • Total structure area: 1,636
    • Total interior livable area: 1,636 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Exterior features: Lighting, Sidewalk
    • Fencing: Fenced
    • Has view: Yes
    • View description: Trees/Woods
    Lot
    • Size: 0.42 Acres
    • Dimensions: 120 x 150
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 273012920500002030
    • Zoning: R-3
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Other
    • Roof: Other
    Condition
    • Completed
    • New construction: No
    • Year built: 1925

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Cable Available, Electricity Available, Phone Available, Water Available
    Green energy
    • Indoor air quality: Ventilation
    • Water conservation: Fl. Friendly/Native Landscape

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Pet fee: $0 monthly
    • Subdivision: PALM PARK TERRACE
    HOA
    • Has HOA: No
    Location
    • Region: Lake Wales

    Financial & listing details

    • Price per square foot: $151/sqft
    • Tax assessed value: $200,937
    • Annual tax amount: $2,061
    • Date on market: 4/1/2026
    • Cumulative days on market: 39 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    6/17/2026Sold$247,000+2.9%$151/sqft
    Source: Stellar MLS #O6395623 Report a problem
    5/13/2026Pending sale$240,000$147/sqft
    Source: Stellar MLS #O6395623 Report a problem
    4/1/2026Listed for sale$240,000+42.4%$147/sqft
    Source: Stellar MLS #O6395623 Report a problem
    7/10/2020Sold$168,500+2.1%$103/sqft
    Source: Public Record Report a problem
    5/28/2020Pending sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    5/27/2020Listed for sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    5/26/2020Pending sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    3/6/2020Listed for sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    3/4/2020Pending sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    12/5/2019Listed for sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    11/25/2019Pending sale$165,000$101/sqft
    Source: NextHome Norris & Company Realty #P4904298 Report a problem
    3/13/2019Listed for sale$165,000$101/sqft
    Source: NORRIS & COMPANY REALTY, LLC #P4904298 Report a problem
    3/13/2019Pending sale$165,000$101/sqft
    Source: NORRIS & COMPANY REALTY, LLC #P4904298 Report a problem
    2/18/2019Listed for sale$165,000$101/sqft
    Source: NORRIS & COMPANY REALTY, LLC #P4904298 Report a problem
    2/18/2019Pending sale$165,000$101/sqft
    Source: NORRIS & COMPANY REALTY, LLC #P4904298 Report a problem
    1/22/2019Listed for sale$165,000+68.4%$101/sqft
    Source: NORRIS & COMPANY REALTY, LLC #P4904298 Report a problem
    11/10/2015Sold$98,000$60/sqft
    Source: Stellar MLS #P4707472 Report a problem
    10/14/2015Listed for sale$98,000+48.7%$60/sqft
    Source: Coldwell Banker Residential Real Estate - Winter Haven #P4707472 Report a problem
    6/25/2013Sold$65,900-12.1%$40/sqft
    Source: Stellar MLS #P4624318 Report a problem
    4/25/2013Price change$75,000+7.3%$46/sqft
    Source: MIDFLORIDA Real Estate Sales LLC #P4624318 Report a problem
    2/23/2013Listed for sale$69,900$43/sqft
    Source: MIDFLORIDA Real Estate Sales LLC #P4624318 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,887 +8.8%$142,607 +2.9%
    2024$1,735 +3.3%$138,588 +3%
    2023$1,680 +7.7%$134,551 +3%
    2022$1,560 -0.3%$130,632 +3%
    2021$1,564 -21.1%$126,827 +30.5%
    2020$1,982 +8.3%$97,165 +10%
    2019$1,830 -7.4%$88,332 +10%
    2018$1,976 +9%$80,302 +3.6%
    2017$1,812 +21%$77,476 +9.9%
    2016$1,497 +5.4%$70,493 +7.4%
    2015$1,421 +3.9%$65,634 +5.1%
    2014$1,367 $62,465 +47%
    2013-- $42,481 +1.7%
    2012-- $41,771 +0.1%
    2011-- $41,730 -21.9%
    2010-- $53,440 -22.6%
    2009-- $69,085 -22.8%
    2008-- $89,501
    2007-- --
    2006-- --
    2005-- --
    2004-- --
    2003-- $38,845 +2.4%
    2002-- $37,935 +1.6%
    2001-- $37,338
    Find assessor info on the county website

    Neighborhood: 33853

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $246,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $246,800