741 Morrel Ave, Lake Wales, FL, 33859
About This Home
One or more photo(s) has been virtually staged. Enjoy the charm of the 10x32 covered front porch, ideal for relaxing or entertaining guests on a corner lot. This home is packed with potential and ready for your personal touch. In 2023, a new metal roof, A/C, and well system taking care of the big-ticket items for years to come. A standout feature is the 800 sq ft (32x25) addition, already permitted for plumbing and electrical, offering the perfect opportunity to create a spacious primary suite with room for a second bathroom. No HOA, no CDD.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1991
Materials
- Foundation: Pillar/Post/Pier
- Roof: Metal,Shingle
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Convection Oven,Refrigerator
- Laundry features: Laundry Room
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Other
- Flooring: Carpet,Ceramic Tile,Concrete,Linoleum
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,344
- Total interior livable area: 1,024 sqft
Kitchen
- Level: First
Living Room
- Level: First
Primary Bedroom
- Features: Walk-In Closet(s)
- Level: First
Property
Details
- Parcel number: 273006913000024120
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Other
Lot
- Lot size: 10,341 sqft
- Lot size dimensions: 114 x 90
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Hurricane
- Cold Wave
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Polk County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $809 | $9,708 |
| Home Insurance * | $136 | $1,632 |
| Property Taxes | $97 | $1,164 |
| Electricity | $197 | $2,366 |
| Total | $1,239 | $14,868 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-05 | Price change | $180,000 |
| 2026-04-23 | Listed for sale | $200,000 |
View on Zillow