507 Market Sq
Lakeland, FL 33813
3 bd 2 ba 1,401 sqft Built 1983 Lot 4,792 sqft multi_family
Most recent sale
$205,000
May 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 13, 2022 | Sold | $205,000 | MLS #L4928176 |
| Feb 28, 2022 | Listed | $200,000 | MLS #L4928176 |
| Sep 8, 2003 | Sold | $58,000 | Public Record |
| Aug 1, 1991 | Sold | $57,500 | Public Record |
| Oct 1, 1985 | Sold | $57,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $160,900 | $100 | $161,000 | $2,356 |
| 2024 | $160,900 | $100 | $161,000 | $2,335 |
| 2023 | $162,900 | $100 | $163,000 | $2,148 |
| 2022 | — | — | $96,498 | $2,044 |
| 2021 | — | — | $87,725 | $1,825 |
| 2020 | — | — | $79,750 | $1,731 |
| 2019 | $72,400 | $100 | $72,500 | $1,482 |
| 2018 | $68,400 | $100 | $68,500 | $1,412 |
| 2017 | $66,400 | $100 | $66,500 | $1,376 |
| 2016 | $63,900 | $100 | $64,000 | $1,327 |
| 2015 | $61,900 | $100 | $62,000 | $1,319 |
| 2014 | — | — | $62,812 | $1,324 |
| 2013 | — | — | $57,102 | $1,237 |
| 2012 | — | — | $60,416 | $960 |
| 2011 | — | — | $77,667 | $1,248 |
| 2010 | — | — | $78,144 | $1,582 |
| 2009 | — | — | $93,935 | $1,521 |
| 2008 | — | — | $118,895 | $2,253 |
| 2007 | — | — | $120,813 | $2,267 |
Property facts
Year built
1983
Property type
multi_family
Stories
1
Beds
3
Baths
2
Living area
1,401 sqft
Lot size
4,792 sqft
ZIP code
33813
City
Lakeland
Street
Market Sq
Coordinates
27.97680, -81.96395
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,230
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Market Sq last sell?
507 Market Sq most recently sold on May 13, 2022 for $205,000.
What is the current tax assessment for 507 Market Sq?
The most recent total assessment for 507 Market Sq (year 2025) is $161,000 with $2,356 in property tax.
How does 507 Market Sq's assessment compare to its last sale price?
The current assessment is 21.5% below the last sale price of $205,000.
When was 507 Market Sq built?
507 Market Sq was built in 1983.
How does 507 Market Sq compare to others on Market Sq?
We track 8 other properties on Market Sq. Browse the list under "Other properties on Market Sq" to compare beds, baths, and sale history.
What are the property facts for 507 Market Sq?
507 Market Sq is a 3 bed, 2 bath, 1,401 sqft, 4,792 sqft lot multi_family.
Is 507 Market Sq a flip candidate?
No — 507 Market Sq does not appear in our flips dataset.
Is 507 Market Sq a tax-appeal candidate?
No — 507 Market Sq is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-4.8%
Implied 1-yr
-19.3%
2026 Q3
$362.8K
2026 Q4
$337.3K
ZIP 33813 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Market Sq