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$409,000

701 PARK HILL AVE, LAKELAND, FL 33801

3D Tour

Active113 days on market

Beds

Baths

Sq Ft

1,553 sq ft

Year Built

1946

Lot Size

0.15 acres

Garage

—

About This Property

Nestled in the highly sought-after Historic District of Lake Morton, this charming property offers a rare blend of character, location, and versatility. The main home features three bedrooms and a gas fireplace providing comfortable living with timeless appeal. Adding to its unique value is a detached studio guest house—perfect for visitors, a private home office, creative space, or potential rental income. Enjoy the best of Lakeland living with an unbeatable location just a short walk to Lake Morton, Lake Hollingsworth, Florida Southern College, and the vibrant shops, dining, and entertainment of downtown Lakeland. Whether you're strolling around the lakes, exploring local cafés, or enjoying the charm of the historic neighborhood, this home places you right in the heart of it all. Don’t miss the opportunity to own a versatile property in one of Lakeland’s most beloved and walkable neighborhoods. Square footage is the total living area of the home and the 280 SqFt guest house.

Property Overview

Property TypeResidential

Sub TypeSingle Family Residence

MLS #L4960474

StatusActive

Year Built1946

Total Rooms3

ConstructionWood Siding

RoofShingle

FoundationCrawlspace

FacesEast

SubdivisionPARKHILL ADD

CountyPolk

OwnershipFee Simple

FurnishedNegotiable

Interior Features

InteriorCeiling Fan(s), Crown Molding, High Ceilings, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments

FlooringCarpet, Tile, Hardwood

AppliancesDishwasher, Range, Refrigerator

LaundryWasher Hookup

CoolingCentral Air

HeatingCentral, Heat Pump

FireplaceYes ()

Exterior & Lot

ExteriorOutdoor Shower, Private Entrance, Private Yard, Sidewalk

FencingWood

Lot Size0.15 acres (6,534 sq ft)

Lot FeaturesCorner Lot, Historic District, City Lot

Road SurfaceAsphalt

Utilities

WaterPublic

SewerPublic Sewer

UtilitiesBB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Natural Gas Connected, Public, Street Lights, Water Connected

Parking

GarageNo

HOA & Community

HOANo

Senior CommunityNo

Financial Details

List Price$409,000

Original Price$425,000

Annual Taxes$3,663 (2025)

ZoningRA-4

Parcel #242819228000002011

Directions

From Lake Hollingsworth, turn North on Ingraham, left on Palmetto. House is on the corner of Park Hill.

Location

701 PARK HILL AVE, LAKELAND, FL 33801

Listing Information

OfficeAUSTIN DEANE REALTY INC

ListedMarch 21, 2026

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Home Price

$409,000

Down Payment20% ($81,800)

Interest Rate6.75%

Loan Term

Principal & Interest$2,122

Property Tax (est.)$375

Insurance (est.)$150

Total Monthly$2,647

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How to Buy This Home

Multiple financing options available for this $409,000 home in LAKELAND.

🏛️

FHA Loan

$14,315 Down

Government-backed, low down payment. Credit scores as low as 580.

🎖️

VA Loan

$0 Down

Zero down for eligible veterans, active duty, and military families.

🏦

Conventional

$20,450 Down

Traditional financing. As low as 3-5% down with good credit.

🌾

USDA Loan

$0 Down

Zero down for eligible rural areas. Income limits apply.

Florida Down Payment Assistance Programs

You may qualify for up to $35,000 in assistance to cover your down payment and closing costs.

Florida Hometown Heroes

Up to $35,000

First-time buyers working in FL

FL Assist

Up to $10,000

FHA, VA, or USDA borrowers

FL HLP Second Mortgage

Up to $10,000

First-time buyers, 0% deferred

Polk County SHIP

Varies

Income-qualifying Polk residents

Can You Afford This Home?

Quick check based on the 28% debt-to-income rule. Not a guarantee — just a starting point.

Full Calculator →First-Time Buyer Guide →VA Loan Guide →

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: July 12, 2026.