1032 E PALMETTO STREET E, Lakeland, FL, 33801
About This Home
Under contract-accepting backup offers. Virtually Staged. Whether you're searching for an income-producing investment or a cozy place to call home, this 2-bedroom, 1-bath gem offers exceptional value in one of Lakeland's most convenient locations. Just blocks from Florida Southern College, Lake Hollingsworth, the public library, and a mix of shopping and dining, you're steps from many of Lakeland's favorite destinations. Inside, you'll find original wood flooring, an updated kitchen and bathroom, ready for move-in or immediate rental. Major systems have already been replaced for peace of mind, including a new roof (June 2026), re-plumbing and partial rewiring, and a tankless water heater . Outside, the spacious backyard offers plenty of room to relax, garden, or entertain, plus a large storage shed for tools, hobbies, or extra space. This property is a turnkey opportunity for investors, or a great starting point for an owner-occupant looking to make it their own. Don't miss this one, schedule your showing today!
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 1950
Materials
- Foundation: Crawlspace
- Roof: Shingle
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Convection Oven,Cooktop,Dishwasher,Disposal,Dryer,Gas Water Heater,Microwave,Refrigerator,Tankless Water Heater,Washer
- Laundry features: Electric Dryer Hookup,Washer Hookup
Balcony Porch Lanai
- Features: No Closet
- Level: First
Bathroom1
- Features: Tub With Shower,No Closet
- Level: First
Bedroom2
- Features: Built-in Closet
- Level: First
- Area: 130
- Dimensions: 10x13
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dinette
- Features: No Closet
- Level: First
Features
- Ceiling Fan(s),Thermostat
- Flooring: Tile,Hardwood
Foyer
- Features: No Closet
- Level: First
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 948
- Total interior livable area: 812 sqft
Kitchen
- Features: No Closet
- Level: First
Laundry
- Features: No Closet
- Level: First
Living Room
- Features: No Closet
- Level: First
Primary Bedroom
- Features: Built-in Closet
- Level: First
- Area: 130
- Dimensions: 13x10
Property
Details
- Parcel number: 242819218000004281
- Zoning: RA-3
- Special condition: None
Features
- Levels: One
- Stories: 1
- Patio & porch: Covered,Rear Porch
- Exterior features: Rain Gutters
- Fencing: Fenced,Vinyl,Wire,Wood
- Residential vegetation: Mature Landscaping
Lot
- Lot size: 7,279 sqft
- Features: Historic District
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
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
- Hurricane
- Lightning
- Strong Wind
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 | $1,263 | $15,156 |
| Home Insurance * | $213 | $2,556 |
| Property Taxes | $380 | $4,560 |
| Electricity | $197 | $2,366 |
| Total | $2,053 | $24,636 |
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 |
|---|---|---|
| 2026-07-27 | Listed for sale | $249,900 |
| 2018-10-17 | Sold | $95,000 |
| 2018-09-10 | Listed for sale | $104,900 |
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