Score
0Lakeland, FL
5054 Fairfield Dr
202K
2 beds
2 baths
956 sqft
2 bd • 2 ba • 956 sf
This analysis was generated on 1/23/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$202,300
Price/Sq.Ft
$212
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 5054 Fairfield Dr, Lakeland, FL 33811 offers several positive aspects. At $202,300, it's priced competitively at $211.61/sqft, which is approximately 15% below the median home value in Lakeland ($250,000 as of 2023). The 2 bed/2 bath layout in 956 sqft is efficient and well-suited for small families, couples, or as an investment property. The kitchen features stainless steel appliances, including a newer over-the-range microwave, which adds value. Dark wood cabinets and what appears to be granite countertops provide a modern aesthetic. The property includes central air conditioning, essential in Florida's climate. Its location in Lakeland offers a balance of suburban living with access to urban amenities, and the median income of $75,483 suggests a stable local economy.
The Bad
The property's size at 956 sqft is approximately 20% smaller than the average single-family home in the US (about 1,200 sqft), which may limit its appeal to larger families. The kitchen, while functional, shows signs of wear on the cabinets and may require updating in the next 5-7 years (estimated cost: $15,000-$20,000). The appliances, while stainless steel, appear to be from the early 2010s and may need replacement within 3-5 years (estimated cost: $5,000-$7,000). The tiled flooring, visible in the kitchen, may not appeal to all buyers and could be a point of negotiation. There's no information provided about the HVAC system's age, which could be a significant expense if it's original to the house.
The Ugly
Florida's susceptibility to hurricanes and flooding poses significant risks. Flood insurance costs in Lakeland can range from $600 to $2,000 annually, depending on the property's exact location and elevation. The potential for sinkholes in the area is also a concern, with sinkhole insurance potentially adding $2,000-$4,000 to annual insurance costs. If the property was built before 2002, it may not meet current hurricane building codes, potentially requiring expensive upgrades (estimated $10,000-$30,000 for full compliance). The lack of information about the year built is concerning, as older homes in Florida can face higher insurance premiums and maintenance costs. Without knowing the age of major systems (roof, plumbing, electrical), there's a risk of significant near-term expenses.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for first-time homebuyers or young professionals with a household income of $60,000-$80,000, aligning with Lakeland's median income. It's ideal for singles, couples, or small families who prioritize a modern kitchen and don't require extensive space. Investors looking for rental properties could benefit, as the current rental rate for a 2-bedroom in Lakeland ($1,250/month) could yield a potential gross annual return of 7.4% before expenses. The property would appeal to those who appreciate a low-maintenance lifestyle and are comfortable with the risks associated with Florida's climate.
Not For
This property is not suitable for larger families needing 3+ bedrooms or more than 1,000 sqft of living space. It's also not ideal for buyers seeking a home with significant long-term appreciation potential, given its modest size and potential for high insurance and maintenance costs. Those with a low tolerance for natural disaster risks or unable to afford potentially high insurance premiums should look elsewhere. Buyers looking for a home with a large yard or outdoor entertainment space may find this property lacking, based on the limited information provided.
Demographics
Area Median Income
$75,483
Property History
Price History
Ownership Timeline
$130,000Financed
Dec 18, 2017Julie PerkinsJordan Leigh Stills
Warranty Deed
Standard Sale (Purchase/Resales)
$84,000Financed
May 29, 2009Bryan M Whitt, Betsy L WhittJulie Perkins
Warranty Deed
Standard Sale (Purchase/Resales)
$92,700Financed
Aug 27, 2004Dennis A Yarbrough, Stacy Smith YarbroughBryan M Whitt, Betsy L Whitt
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
2.0/10
Below AverageHigh
5.0/10
AverageFinancials
Monthly Costs
Market Rent (2 bed)
Get a detailed estimate on Zillow$1,250
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$202,300
Price/sqft
$212
Layout
2 bd•2 ba
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$192,580
5.0%
Your price is 5.0% above average
Median Price
$255,000
20.7%
Based on 5 recent sales
Price per Sq.Ft
$252
16.0%
Your price is 16.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1266 DOSSEYWOOD LANE, LAKELAND, FL 33811 | $255,000 | 1,145 | 2 | 2 | $2235.2% | 11/6/2024 |
| 4620 HARDEN BOULEVARD, LAKELAND, FL 33813 | $331,000 | 1,132 | 2 | 2 | $29238.2% | 9/9/2024 |
| 1038 JORDAN ROAD, LAKELAND, FL 33811 | $269,000 | 1,120 | 3 | 2 | $24013.5% | 8/30/2024 |
| 2832 FORESTBROOK DRIVE E, LAKELAND, FL 33811 | $75,000 | N/A | N/A | N/A | N/A | 11/25/2024 |
| SIMMONS ROAD, LAKELAND, FL 33811 | $32,900 | N/A | N/A | N/A | N/A | 9/5/2024 |
1266 DOSSEYWOOD LANE, LAKELAND, FL 33811
Price: $255,000
Sq.Ft: 1,145
Beds/Baths: 2/2
$/Sq.Ft:
$2235.2%
Sale Date: 11/6/2024
4620 HARDEN BOULEVARD, LAKELAND, FL 33813
Price: $331,000
Sq.Ft: 1,132
Beds/Baths: 2/2
$/Sq.Ft:
$29238.2%
Sale Date: 9/9/2024
1038 JORDAN ROAD, LAKELAND, FL 33811
Price: $269,000
Sq.Ft: 1,120
Beds/Baths: 3/2
$/Sq.Ft:
$24013.5%
Sale Date: 8/30/2024
2832 FORESTBROOK DRIVE E, LAKELAND, FL 33811
Price: $75,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/25/2024
SIMMONS ROAD, LAKELAND, FL 33811
Price: $32,900
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 9/5/2024
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