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Sold for $225,000 on 08/24/22
  • $225,000

    508 Garden Dr N, Lakeland, FL 33813

    3beds
    840sqft
    Single Family Residence
    Built in ----
    -- sqft lot
    $241,000 Zestimate®
    $268/sqft
    $1,537 Estimated rent

    What's special

    STOP RENTING & START OWNING! Rent-to-Own | Bad Credit OK | Competitive Market Interest Opportunity | Move-In Ready 7/15/2025 Don't miss out on this rare off-market lease option opportunity! With interest rates at record highs, here's your chance to lock in a low-interest path to homeownershipeven if your credit isn't perfect. Property Highlights: 3 Bedrooms / 1 Full Bathrooms Modern construction, move-in ready, and everything still like-new Located in a safe and family-friendly neighborhood Why This Lease Option is Different: Low Interest Terms Bad Credit OK No credit check required Only 3-5% Down Payment YOU choose the lease option timeframe Start building equity immediately Flexible terms to match your financial goals Move-In Date: July 15, 2025 Just pack your bags and walk into your new home. Financial Details: Monthly Lease Payment: $2,000 Purchase Price: $255,000 Down Payment 3%: $7,650 (Good Credit) Down Payment 4%: $10,000 (Moderate Credit) Down Payment 5%: $12,750 (Bad Credit) Lease Option Term: Flexible Year Terms (You select the term that works for you) Option Credit (Rent Premium): This is the portion of the monthly payment that is credited towards the purchase price if the tenant exercise the option. This incentivizes the tenant and builds their equity in the property. Example: A credit of $200 per month is common. So if this amount were paid each month it would be $2,200 per month. But this is OPTIONAL for the tenant buyer. Total Option Credit over 24 months: $4,800. Tenant-Buyer Incentives: Time to Save for Down Payment/Improve Credit: The 2-year lease period allows them to save more or improve their financial standing. "Try Before You Buy": They get to live in the home and ensure it meets their needs before committing to a mortgage. Price Lock: The $255,000 purchase price is locked in, protecting them from potential market appreciation. Credits Towards Purchase: The option fee and monthly rent credits directly reduce the amount they need to finance. Clear Path to Homeownership: Provides a structured plan for owning the home. NO excessive hurdles to overcome like the major banks. To prequalify or apply, download the RentRedi app from Google Play or the App Store. For applying through the RentRedi mobile app, please follow these steps: Step 1. Tap the "Apply" button. Step 2. Click the icon. Step 3. Select whether you're prequalifying or applying. Step 4. Enter in your unit code: RFQ-310. Step 5. Click "Enter Information" and answer the questions. Step 6. Click "Send" to submit to the landlord. This property is using RentRedi for rent payments. With RentRedi, you can easily submit rent payments, boost your credit by reporting rent payments, sign up for affordable renters insurance, and more from the app!

    Zillow last checked: 10 hours ago

    Listing updated: June 30, 2025 at 12:27am

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Cooling
    • Ceiling Fan
    Appliances
    • Included: Dishwasher, Disposal, Refrigerator
    Features
    • Ceiling Fan(s), Storage
    Interior area
    • Total interior livable area: 840 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Carport
    • Has carport: Yes
    • Details: Contact manager
    Features
    • Patio & porch: Porch
    • Exterior features: Barbecue, Lawn
    Details
    • Parcel number: 232901139200000340

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence

    Community & neighborhood

    Location
    • Region: Lakeland

    HOA & financial

    Other fees
    • Deposit fee: $6,000

    Other

    Other facts
    • Available date: 07/15/2025
    Services availability
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    Estimated market value

    $241,000