315 Dorsett AvenueNew Construction Home in Lake Wales, FL
Lake Wales, FL 33853 · Polk County
$400,000
$332/sq ft
Photos of 315 Dorsett Avenue
1 / 30Who is building this home?
This home is listed as built by SRD Construction & Development Corp. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
Virtually Staged. NO HOA! 2 HOMES-1 LOT! BRAND NEW CONSTRUCTION! A unique opportunity featuring a $40K grant from Lake Wales for down payment and closing cost assistance for a qualified owner-occupant! Listed below the FHA appraised value and priced at $400K this brand-new construction property features two separate single-family residences on one lot, a 3-bedroom/2-bathroom home and a 2-bedroom/1-bathroom home, each complete with its own private entrance and seperate water/electric meters, full kitchen, and washer/dryer hookups. This makes it an ideal home ownership hack for first-time buyers to live in one unit and let rental income from the other cover a major portion of the mortgage, or an incredible cash-flowing option for investors. Because an FHA appraisal is already on file, FHA buyers can use it smoothly to process their loan with no worries about appraising, and lenders can factor projected rental income into your qualification so you may qualify for more than you think. Seller concessions are also available depending on the offer. You're not just buying a home, you're buying a future! Set in the growing city-invested community of Lake Wales, the home offers fantastic convenience just minutes State Road 60 and US-27, Walmart Supercenter, healthcare at AdventHealth Lake Wales, everyday shopping at Lake Wales Plaza, and local dining spots like Lake Wales Family Restaurant.
Home details and costs
- MLS number
- P4940335
- Property type
- Single Family Residence
- Build stage
- Move-In Ready
- Builder
- SRD Construction & Development Corp
- Heated square feet
- 1,205 sq ft
- Total under roof
- 1,357 sq ft
- Stories
- 1 Story
- Lot size
- 0.15 acres
- Subdivision
- Thulberrys Second Sub
- HOA fee
- No HOA
- Annual property tax
- $267 (current assessment)
- Days on market
- 1 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$3,217
$40,000 down (10%) on a $360,000 loan
- Principal and interest
- $2,275
- Property tax (estimated)
- $525
- Homeowners insurance
- $267
- PMI (under 20% down)
- $150
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $267 a year, while taxing this purchase price works out closer to $6,300. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 1 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Finished and standingWorth knowing
A completed home with a Certificate of Occupancy is inventory, not a future sale. Builders treat standing inventory very differently from a lot they have not broken ground on.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
Virtual tour
View the virtual tour for 315 Dorsett Avenue→Other new construction homes in Lake Wales
Under Construction9$324,490
$145/sq ft607 Artemis Street
Lake Wales, FL 33859 · Hunt Club Groves 50s Gc
Lennar Homes · Cobb
MLS #O6454944 · Lennar Realty
Move-In Ready44$400,000
$228/sq ft315 Dorsett Avenue Unit A & B
Lake Wales, FL 33853 · Thulberrys Second Sub
SRD Construction & Development Corp
MLS #P4940337 · Florida Realty Marketplace
Under Construction12% off32$324,990
$128/sq ft$369,990 ↓ $45,000
4113 Penelope Avenue
Lake Wales, FL 33859 · Annabelle Estates
DREAM FINDERS HOMES · WINSTON A
MLS #G5116237 · Olympus Executive Realty Inc
Listed by Florida Realty Marketplace. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 315 Dorsett Avenue, Lake Wales, FL 33853 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.