Eric Chery
$425,000$435,0004 bd2 ba2,052 sqft$207 /sqft$3,207 /mo all-in ↓

504 PRADO PLACE, LAKELAND, FL, 33803

Active404 days on marketListed Jun 25, 2025MLS #L4953934

Reduced $10KSingle Family ResidencePALMOREY SUB

About this home

504 PRADO PLACE

Modern Mid-Century Gem in the Heart of Central Lakeland! BRAND NEW ROOF JUST INSTALLED!! Step into style and comfort with this fully renovated 4-bedroom, 2-bath mid-century modern home situated on a spacious corner lot—just over a third of an acre—in highly sought-after Central Lakeland. This home has been beautifully updated, offering the perfect blend of classic design and modern convenience. Inside, you’ll find brand new flooring throughout, a freshly painted interior and exterior, both bathrooms remodeled and a completely remodeled kitchen featuring sleek finishes, stainless appliances, granite countertops and contemporary fixtures. Another plus with his home is the beautiful wood accents in the bathroom, kitchen and dining room. The open layout provides generous living spaces filled with natural light, perfect for both relaxing and entertaining. A brand-new A/C ensures year-round comfort. Enjoy the privacy and potential of a large yard with room for a garden or future expansion—all set on a desirable corner lot with mature landscaping. This move-in ready home is a rare find in a prime location close to schools, shopping, parks, and everything Lakeland has to offer. Don’t miss your chance to own a beautifully updated mid-century home with timeless appeal!

Facts & features

The home at a glance

4

Bedrooms

2

Bathrooms

2,052

Sqft

0.33 ac

Lot size

1950

Year built

One

Levels

$207

Per sqft

Inside

FlooringLaminate
AppliancesDishwasher · Range · Refrigerator
InteriorCeiling Fan(s) · Open Floorplan · Split Bedroom · Stone Counters · Walk-In Closet(s)
LaundryInside · Laundry Room
CoolingCentral Air
HeatingCentral

Outside & construction

RoofShingle
ConstructionBlock
FoundationSlab
FacesNorth
ExteriorOther

Community & fees

Taxes (2024)$4,282/yr

Utilities & systems

UtilitiesBB/HS Internet Available · Cable Available · Public
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$3,207 /mo · 3.5% down FHA, 30-yr fixed at 6%

Principal & interest$2,502
FHA mortgage insurance (est.)$188
Property tax — 2024 actual bill$357
Insurance (FL estimate)$160

The assumptions

Loan typeFHADown payment3.5% · $14,875Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type
Down payment3.5% · $14,875
Interest rate6.00%
Loan term

Estimated payment

$3,207/mo

Principal & interest$2,502
FHA mortgage insurance (est.)$188
Property taxes (actual bill)$357
Est. insurance$160

Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

List $425K
$343KedgeAI estimate $376,447 · range $357K$442K$459K

vs edgeAI estimate

+12.9%

$/sqft vs Lakeland actives

$207 vs $192

Days on market

404 vs 33 typical

Where $207/sqft sits among the 400 Lakeland actives

75
101
113 · this home
54
22
35
$119–151$151–184$184–216$216–248$248–280$280+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Southwest Lakeland

Map of 504 PRADO PLACE inside its neighborhood boundary

Drive times from this address

Downtown Tampa38 min
Walt Disney World48 min
Tampa Int’l Airport (TPA)49 min
Universal Orlando58 min
Downtown Orlando64 min
Orlando Int’l Airport (MCO)69 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Lakeland. See the full Lakeland guide →

Southwest Lakeland — neighborhood snapshot

Population

2,199

Median age

53

Median income

$61,133

Median home value

$198,536

Avg household

2

Households w/ children

108

For the school run

Polk County School District

ElementarySouthwest Elementary School★★★★★
MiddleSouthwest Middle School★★★★
HighLakeland Senior High School★★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Lakeland market

Seller’s marketLeans seller4.9 months of inventoryBuyer’s market

$318K$320K

Lakeland median sold, yr/yr

97.7%

Sale-to-list ratio (12 mo)

208 of 400

Lakeland actives have cut their price

Median sold price, Lakeland, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 44% above the LAKELAND 33803 median. See the full Lakeland market guide →

Paper trail

This home's history

CurrentPrice reduced to $425,000 $10K
Jun 25, 2025Listed at $435,000 · 404 days on market since
1950Built · PALMOREY SUB

Reality check

What actually sold near 504 PRADO PLACE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

208 PRADO PLACESold · Jul ’26

$325,000

208 PRADO PLACE · same community

2 bd · 2 ba · 1,729 sqft · $188/sqft · 35 DOM

312 PALENCIA PLACESold · Sep ’25

$449,900

312 PALENCIA PLACE · same community

4 bd · 3 ba · 2,550 sqft · $176/sqft · 64 DOM

545 PRADO PLACESold · Aug ’25

$385,000

545 PRADO PLACE · same community

4 bd · 3 ba · 2,759 sqft · $140/sqft · 24 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Eric Chery

Your agent

Eric Chery

Real Estate Agent · CENTURY 21 Edge

Tours, negotiation, and every question about 504 PRADO PLACE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 504 PRADO PLACE — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Eric's phone and CRM.

Goes straight to Eric’s phone and CRM.

Straight answers

504 PRADO PLACE FAQs

What would the monthly payment be for 504 PRADO PLACE?+

With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $3,207/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 504 PRADO PLACE?+

The most recent tax bill on record (2024) was $4,282. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

How does the price compare to other homes in Lakeland?+

At $425,000, this home is listed about 25% above the Lakeland median of $340,000. The market section on this page shows how the area is trending.

Which schools are assigned to 504 PRADO PLACE?+

Southwest Elementary School (elementary), Southwest Middle School (middle), Lakeland Senior High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.

The brief

Three things that matter here

01Positioned at the premium end

$425,000 runs 44% above the LAKELAND 33803 median — but at 2,052 sqft it's also 19% larger than the typical Lakeland listing.

02Time on market is leverage

404 days on market against a Lakeland median of 33 — sellers in this position are usually ready to negotiate.

03The price has already moved

Listed at $435,000, now $425,000 — a $10K cut. The full history is in the market section below.

Listing courtesy of REGAL REAL ESTATE LLC · Tammy Storie. MLS #L4953934.

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 is deemed reliable but is not guaranteed accurate by Stellar MLS.

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