NOT LISTED FOR SALE

5038 N Socrum Loop Rd Lakeland, FL 33809

Gibsonia Neighborhood

Estimated Value: $442,000 - $530,000

3 Beds
2 Baths
2,520 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 25, 2022

Last sale price $482,000 $191 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,349/month

140 Days on Market

Highlights

  • 172 Feet of Waterfront
  • Lake View
  • Breakfast Room
  • Lincoln Avenue Academy Rated A-
  • 1 Acre Lot
  • Inside Utility

About This Home

As of February 2022

SPACIOUS, UPDATED TRUE LAKEFRONT HOME ON LAKE GIBSON. BEAUTIFUL LAKE VIEWS AS YOU ENTER THE FOYER OF THIS IMMENSE GREAT ROOM WITH OPEN KITCHEN, NEWER SLIDING DOORS ALONG THE 28FT BACK WALL OVERLOOKING LAKE AND DOCK. 2 SCREENED PATIOS AND AN OPEN DECK AREA TO BAR-B-QUE. SPLIT BEDROOM PLAN WITH 2 MASTERS. VACANT LOT ADJACENT AVAILABLE FOR SALE. CONVENIENT AREA NEAR SHOPPING, GOLFING, I-4 access.

Last Agent to Sell the Property

Betty Watson

WATSON LAKEFRONT REALTY License #343332 Listed on: 08/25/2021

Last Buyer's Agent

Eva Rodighiero

COASTAL PROPERTIES GROUP INTER License #3496610

COASTAL PROPERTIES GROUP INTER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,021

Year Built

  • 1971

Lot Details

  • 1 Acre Lot
  • 172 Feet of Waterfront

Parking

  • 2

Interior Spaces

  • Breakfast Room
  • Inside Utility
  • Lake Views

Outdoor Features

  • Access To Lake
  • Boat Port
  • Water Skiing Allowed

Community Details

  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,021

Year Built

1971

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Carport Y N: No
  • Directions: OFF 1-4 TAKE EXIT 33, GO UNDER OVERPASS AND TURN RIGHT ON SOCRUM LOOP RD. HOME ON LEFT .
  • Garage Yn: Yes
  • Lot Size: 95x172
  • New Construction: No
  • Ownership: Fee Simple
  • Road Surface Type: Paved
  • Subdivision Name: MOUNTAIN LAKE ESTATES
  • Water Body Name: Lake Gibson
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/P4917187?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/P4917187?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.97374
  • Price per Sq Ft: 191.27
  • Close to Original List Price Ratio: 0.84561
  • Ratio: Current Price\Building Area Total: 150.53
  • Special Features: None
  • Year Built: 1971

Interior Features

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceiling(s), L Dining, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Stories: 1
  • Window Features: Blinds
  • Room Count: 8
  • Additional Rooms: Breakfast Room Separate, Inside Utility

Exterior Features

  • Roof: Shingle
  • Exterior Features: Irrigation System, Sliding Doors
  • Foundation Details: Slab
  • View: Water
  • Construction Type: Block, Stone
  • Direction Faces: East
  • Disclosures: Seller Property Disclosure
  • Lot Features: City Lot, Near Golf Course, Sidewalk
  • Patio And Porch Features: Covered, Deck, Front Porch, Rear Porch, Screened
  • Pool Private: No
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Water View: Lake
  • Water Access: Lake
  • Water Extras: Boat Port, Dock w/Electric, Skiing Allowed
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 172
  • Water Frontage Feet Lake: 172

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: No

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Canal/Lake For Irrigation, Public

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: Yes
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Approval Required YN: No

Lot Info

  • Additional Parcels: No
  • Lot Size Sq Ft: 16988
  • Zoning: R-2
  • Flood Zone Code: A&C

Rental Info

  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: NONE

Tax Info

  • Tax Annual Amount: 2321.09
  • Tax Book Number: P-81
  • Tax Lot: 7
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Feb 25, 2022
Sold by
Dyer Billy E and Dyer Rhonda H
Bought by
Gressett Richard and Gressett Autumn
Seller's Agent
Betty Watson
WATSON LAKEFRONT REALTY
Buyer's Agent
Eva Rodighiero
COASTAL PROPERTIES GROUP INTER
List Price
$570,000
Sold Price
$482,000
Premium/Discount to List
-$88,000
-15.44%
Current Estimated Value
$500,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,590
Avg. Annual Appreciation
-1.39%
Original Mortgage
$385,600
Outstanding Balance
$363,946
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$95,449

Purchase Details

Closed on
Jan 10, 2007
Sold by
Anderson Larry J and Anderson Sharon K
Bought by
Dyer Billy E and Dyer Rhonda H

Purchase Details

Closed on
May 10, 1999
Sold by
Bilgeer Emcet M and Bilgeer Bedia
Bought by
Tucker Travis T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,200
Interest Rate
7%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gressett Richard $482,000 Easy Title Services
Dyer Billy E $305,000 Attorney
Tucker Travis T $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gressett Richard $385,600
Previous Owner Keath Johnny L $75,000
Previous Owner Anderson Larry J $125,500
Previous Owner Anderson Larry J $188,000
Previous Owner Tucker Travis T $22,500
Previous Owner Tucker Travis T $147,500
Previous Owner Tucker Travis T $103,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2022 02/25/22 Sold $482,000 -2.6% $191 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/22/2021 12/22/21 Price Changed $495,000 -13.2% $196 / Sq Ft
12/22/2021 12/22/21 For Sale $570,000 0.0% $226 / Sq Ft
08/30/2021 08/30/21 Pending -- -- --
08/24/2021 08/24/21 For Sale $570,000 -- $226 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $7,021 $395,990 $116,983 $279,007
2022 $2,339 $173,182 $0 $0
2021 $2,321 $168,138 $0 $0
2020 $2,299 $165,817 $0 $0
2018 $2,247 $159,067 $0 $0
2017 $2,191 $155,795 $0 $0
2016 $2,168 $152,591 $0 $0
2015 $2,193 $151,530 $0 $0
2014 $2,013 $150,327 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Betty Watson

    WATSON LAKEFRONT REALTY

    Section Image
  • Eva Rodighiero

    Buyer's Agent in 2022

    Eva Rodighiero

    COASTAL PROPERTIES GROUP INTER

    (813) 230-2537

    1 in this area

    11 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: P4917187

Stellar MLS

APN: 24-27-30-000000-032020

Florida Polk County Lakeland 33809 Gibsonia

5038 N Socrum Loop Rd, Lakeland, FL

This home is located at 5038 N Socrum Loop Rd, Lakeland, FL 33809 since 25 August 2021 and is currently estimated at $483,024, approximately $191 per square foot. This property was built in 1971. 5038 N Socrum Loop Rd is a home located in Polk County with nearby schools including North Lakeland Elementary School Of Choice, Lake Gibson Senior High School, and Rochelle School Of The Arts.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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