2441 Burns St, Lakeland, FL 33801

Charming Lakeland Starter Home with Great Potential – Priced to Sell!

Asking Price: $145,000

Here’s an exceptional opportunity to own an affordable 3-bedroom, 1-bathroom single-family home at 2441 Burns St, Lakeland, FL 33801. Built in 1950, this compact and efficient 740 sqft residence offers incredible value with an estimated refinance payment of just $859/mo, making it an ideal option for first-time homebuyers or investors. It sits on a spacious 0.25-acre lot, providing ample outdoor space.

Key Features:

• Unbeatable Affordability: At an asking price of $145,000, this home is significantly below Lakeland’s median sold price ($324,997 in May 2025) and even below the median for 3-bedroom homes in Lakeland ($310,000 in May 2025). This makes it one of the most accessible properties in the area. The low estimated refinance payment further enhances its appeal.
• Practical Layout: While 740 sqft, the 3-bedroom, 1-bathroom configuration provides functional living space. The home features tile and linoleum/vinyl flooring and is built with wood frame and pier foundation.
• Generous Lot Size: The 0.25-acre (approximately 10,890 sqft) lot offers considerable outdoor space for gardening, entertaining, or potential future expansion (subject to local zoning regulations).
• Lakeland Market Dynamics (33801 Zip Code):
  • Seller’s Market (Overall): Lakeland as a whole is a “Seller’s Market,” indicating homes typically sell faster and at higher prices. The median home price in 33801 specifically was up 16.3% year-over-year in May 2025 to $300,000.
  • Specific Segment Opportunity: While the overall market is competitive, this property’s price point is well below the median, making it stand out. For 3-bedroom homes in Lakeland, the median sold price increased by 3.3% year-over-year.
  • Negotiation Potential: Despite being a seller’s market, nearly 60% of homes in Lakeland sold below asking price in May 2025, and 59.6% in the 33801 zip code sold below asking. This suggests that buyers may still have room for negotiation, especially for properties that require some updating.
  • Time on Market: Homes in 33801 generally sell in about 30 days, indicating a relatively quick pace.
• Convenient Lakeland Location: Lakeland is a thriving Central Florida city with a growing population and numerous amenities:
  • Outdoor Recreation: Enjoy over 60 city parks, including Barnett Family Park, Lake Mirror Complex, and Lake Parker Park (Lakeland’s largest lake with a public boat ramp and picnic areas). The city boasts many lakes, trails for biking and walking, and even dog parks.
  • Arts & Culture: Explore Hollis Garden, the Polk Museum of Art, and the Lakeland Community Theatre. Frank Lloyd Wright’s architecture is featured at Florida Southern College.
  • Family-Friendly Attractions: Visit the Florida Children’s Museum, attend Detroit Tigers spring training games, or explore nearby U-pick farms.
  • Connectivity: Centrally located about 45 minutes east of Tampa and an hour southwest of Orlando, with easy access to I-4.
• No HOA Fees: This property does not appear to have HOA fees, which can result in significant savings over time.
• Property History: The home last sold in March 2006 for $70,000 and in August 2002 for $49,000, demonstrating substantial appreciation potential in the Lakeland market over the long term.

Important Considerations:

• Age and Condition: Built in 1950, this home will likely require updates and renovations to modernize the interior and potentially the exterior. Buyers should factor these costs into their budget. It presents a fantastic opportunity for those willing to invest some sweat equity.
• School Ratings: The assigned public schools for this address have lower GreatSchools ratings: Philip O’Brien Elementary (1/10), Crystal Lake Middle (2/10), and Tenoroc High (2/10). Families prioritizing highly-rated public schools may wish to explore private options or other areas.
• Environmental Risks: The property has a minimal flood risk, but a moderate wildfire risk over the next 30 years.

This property at 2441 Burns St offers an incredible entry point into the Lakeland housing market. Its affordability, large lot, and location make it an ideal choice for a buyer looking for a budget-friendly home with the potential to create significant equity through renovation.

Priced at $145,000 – don’t miss out on this unique opportunity! Schedule your private showing today.