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One or more photo(s) has been virtually staged. 5016 Alderman Rd, is a 3 bedroom, 2 bathroom single family home with 2, 520 square feet on 0. 85 acres, offering a rare combination of interior space, usable land, and flexible outbuilding potential in Lakeland. Built in 1992, this concrete home features a metal roof installed in 2016, central air and heat updated in 2020, septic, city water, no HOA, and a no flood zone location. The property also includes a large covered front porch and outbuildings with stall space, adding useful room for storage, hobbies, equipment, animals, or general outdoor use. The land is a major part of the appeal. With nearly an acre, this property gives buyers the kind of breathing room that is getting harder to find. The 3 bedroom, 2 bathroom layout works well for everyday living, while the extra square footage creates flexibility for a larger living area, home office, bonus room, or other practical use. The covered porch adds more usable space and helps the home feel open and functional instead of tight or boxed in. The key improvements already in place help this home stand out. The metal roof from 2016 and the A/C from 2020 take care of two of the biggest items many buyers look at first. Electrical is in good condition, and the property already has the land, layout, and infrastructure that attract buyers searching for a Lakeland home with acreage. The main update path is cosmetic, with flooring and paint offering the clearest opportunity to refresh the interior style. For buyers searching for a Lakeland home with land, a 3 bedroom 2 bathroom home on acreage, a Polk County property with outbuildings, a home with no HOA, or a Florida property with space for animals, tools, equipment, or outdoor living, 5016 Alderman Rd checks multiple important boxes. This is a strong opportunity for a buyer who wants privacy, flexibility, and room to improve without giving up convenience to town.
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Phone: 888.699.8876
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RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $215,920 | $215,920 | $215,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.524% | 5.866% |
| Monthly Tax Payment | $213 | $213 | $213 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,293 | $1,347 | $1,779 |
| Total Monthly Payment | $1,581 | $1,635 | $2,067 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.