7 months on rocket

2306 E Magnolia St, Lakeland, FL, 33801

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
480 SqFt
$260/SqFt
House
Schools Nearby

Location

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2306 E Magnolia St, Lakeland$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Year Built1968
HeatingOther, Window Unit(s)
CoolingWall/Window Unit(s)
MLS #L4939580
Lot Size0.16 Acres
StatusActive

About 2306 E Magnolia St

"Cash Flow Carnival - Double Trouble Edition! Are you ready to dive into the thrilling world of real estate, where adventure and cash collide? Behold, the Investor Special of your wildest dreams – not one, but TWO mobile homes on a single lot! Now, we know what you're thinking, "Double the trouble, double the fun!" These homes are already in high demand, playing host to month-to-month tenants. But wait, there's more! These homes come with their very own makeover story. Picture it: HGTV meets a mobile home marathon. Renovation enthusiasts, prepare for your ultimate challenge! Both homes are in desperate need of some TLC, but don't worry, we've heard that paintbrushes and power tools make great companions. Now, let's talk numbers. You're not just buying a couple of homes; you're buying a golden ticket to financial freedom! With a staggering 13 cap rate, this investment is like hitting the jackpot at the real estate casino. Cash flow galore, baby! But here's the kicker, folks – to join the Cash Flow Carnival, you must bring one guest, and that guest is none other than Mr. Cash himself! That's right, you'll need to pay cash to play, but trust us, it'll be the best money you ever spend. So, if you're ready to embrace the wild, wacky world of mobile homes, tenants with stories for days, and a chance to make your cash work harder than ever, this Investor Special is calling your name. But remember, this isn't just an investment; it's a front-row seat to the greatest show on earth – the Cash Flow Carnival!"

Property Details

Property Features

Property Information:

  • Year Built: 1968
  • Living Area: 480 SqFt

Listing Office:

  • Office Name: S & D REAL ESTATE SERVICE LLC
  • Office Phone: (863) 824-7169
  • Listing Agent: Jennifer Ketchum

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Flooring Type: Other
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Other

Virtual/3D Tour

  • Virtual Tour: 2306 E Magnolia St

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Tenoroc High School, Public District Grades 9-12
  • Crystal Lake Middle School, Public Magnet Grades 6-8
  • Rosabelle W. Blake Academy, Public District Grades PK-8
  • Davenport School of The Arts, Public District Grades PK-8
  • Combee Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Head south on Combee, turn on Magnolia, house is on right. Sign out front

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $260/SqFt

Tax Information:

  • Annual Amount: $1,214
  • Tax Year: 2020
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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

$310.6K

Med. Price/SqFt

$192

Avg. Days On Market

44

# of Sold Homes

283

2306 E Magnolia St vs Lakeland

222 DAYS ON ROCKET

+178 Days

$125,000

-$185.6K Less

$260/SqFt

+$67 More

KEY TAKEAWAY

This property is $185.6K less than the Median Sold Price and $67/SqFt more than other homes in Lakeland, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #L4939580

Listing Office:

  • Office Name: S & D REAL ESTATE SERVICE LLC
  • Office Phone: (863) 824-7169
  • Listing Agent: Jennifer Ketchum

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 3:19:22 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$1,214$25,255
2018$1,037$20,468
2017$1,038$18,607

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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.

Elementary School

school-card-donut-3188068
4
/10

  • Combee Elementary School

  • 2805 Morgan Combee Rd

  • 1.05 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3188069
2
/10

  • Crystal Lake Middle School

  • 2410 N Crystal Lake Dr

  • 1.46 miles

  • Public Magnet Grades 6-8

school-card-donut-3188070
3
/10

  • Rosabelle W. Blake Academy

  • 510 Hartsell Ave

  • 3.28 miles

  • Public District Grades PK-8

school-card-donut-3188071
8
/10

  • Davenport School of The Arts

  • 4751 County Road 547 N

  • 23.51 miles

  • Public District Grades PK-8

High School

school-card-donut-3188072
2
/10

  • Tenoroc High School

  • 4905 Saddle Creek Rd

  • 3.62 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,934. The majority of Lakeland, FL residents have income less than $35k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2306 E Magnolia St

What is the listing price of this property?

The listing price of 2306 E Magnolia St property is $125,000.

What type of property is this?

The property 2306 E Magnolia St is a house located in Lakeland, Florida, 33801.

Is this property for sale now?

Active Listing: 2306 E Magnolia St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 2306 E Magnolia St are:
Combee Elementary School: GreatSchools Rating 4/10
Crystal Lake Middle School: GreatSchools Rating 2/10
Rosabelle W. Blake Academy: GreatSchools Rating 3/10
Davenport School of The Arts: GreatSchools Rating 8/10
Tenoroc High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,214 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2306 E Magnolia St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 2306 E Magnolia St is 480 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2306 E Magnolia St is 1968.

Rocket Homes›Florida›Polk County›Lakeland›33801›2306 E Magnolia St

This home is located at 2306 E Magnolia St in Lakeland, FL and zip code 33801. This 480 square foot home, which was built in 1968, sits on a 0.16 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 20, 2023 and is currently priced at $125,000.

In March 2024 more than 39 listings in Lakeland, FL were sold above the asking price. During the same period more than 82 listings were sold at asking price, while more than 162 were sold below. The number of homes for sale in Lakeland, FL increased by 2.1% between February 2024 and March 2024. Listings spent 44 days on the market in March 2024, and had a median list price of $310,633 during the same period.

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

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