1038 CANAL DRIVE W, LAKELAND, FL, 33801
Active152 days on marketListed May 19, 2026MLS #L4961882
About this home
1038 CANAL DRIVE W
Welcome to 1038 W Canal Dr — an exciting opportunity for first-time home buyers looking for an affordable, move-in-ready home in a convenient Central Florida location. This solid concrete block single-family home features a *NEW METAL ROOF* for added peace of mind and potential insurance savings, along with approximately 800 square feet of air-conditioned living space, 3 bedrooms, and 1 bathroom. Inside, you’ll love the beautiful granite countertops, attractive wood kitchen cabinetry, and newer elegant wood flooring that give the home a warm, updated feel. The fully fenced backyard offers great outdoor space for pets, entertaining, or relaxing. Conveniently located with access to I-4, this home offers an easy commute toward both Orlando and Tampa while keeping you close to local shopping, dining, schools, and everyday conveniences. Best of all, this home qualifies for FHA, VA, and conventional financing, making it a fantastic option for buyers looking to achieve homeownership. The home is being sold AS-IS and will convey with all personal property currently remaining on site. Schedule your showing today before this affordable move-in-ready opportunity is gone!
Facts & features
The home at a glance
3
Bedrooms
1
Bathrooms
800
Sqft
0.15 ac
Lot size
1955
Year built
One
Levels
$262
Per sqft
Inside
Outside & construction
Community & fees
Utilities & systems
The numbers
What it really costs
Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.
$1,622 /mo · 3.5% down FHA, 30-yr fixed at 6%
The assumptions
FHA is the default here because it gets you in the door with just 3.5% down. Switch to Conventional or VA below.
These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Run your own numbers
Estimated payment
$1,622/mo
Includes FHA mortgage insurance and the financed 1.75% upfront premium. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Value check
Is the price right?
The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.
vs edgeAI estimate
+11.1%
$/sqft vs Lakeland actives
$262 vs $193
Days on market
152 vs 60 typical
Where $262/sqft sits among the 400 Lakeland actives
The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.
Where it sits
Inside Lakeland
Drive times from this address
Estimated driving times, typical traffic. Data © OpenStreetMap contributors.
Get to know Lakeland. See the full Lakeland guide →
LAKELAND 33801 — neighborhood snapshot
Population
33,460
Median age
33.4
Median income
$49,210
Median home value
$138,700
Avg household
2.43
Households w/ children
3,160
For the school run
Polk County School District
School assignments and ratings via edgeAI — always verify with the district.
The numbers that matter
The Lakeland market
$316K → $322K
Lakeland median sold, yr/yr
97.8%
Sale-to-list ratio (12 mo)
221 of 400
Lakeland actives have cut their price
Median sold price, Lakeland, trailing 36 months (3-month rolling) · live MLS data.
This home is listed 18% below the LAKELAND 33801 median. See the full Lakeland market guide →
Paper trail
This home's history
Reality check
What actually sold near 1038 CANAL DRIVE W
Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.
Sold · Aug ’26$220,000
2716 HARDIN COMBEE ROAD · same community
2 bd · 1 ba · 792 sqft · $278/sqft · 230 DOM
Sold · May ’26$225,000
2802 CANAL DRIVE N · same community
3 bd · 1 ba · 1,078 sqft · $209/sqft · 80 DOM
Sold · Jun ’26$200,000
2621 CANAL DRIVE N · same community
3 bd · 1 ba · 1,367 sqft · $146/sqft · 15 DOM
Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.
Your home team
The pros in your corner
Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.
Your agent
Angela Rodriguez
REALTOR® · CENTURY 21 Edge
Tours, negotiation, and every question about 1038 CANAL DRIVE W — start here.
Your lender
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Pre-approval, rates, and the real monthly number for 1038 CANAL DRIVE W — before you fall in love.
See it in person
Schedule a tour
Live availability from Angela's calendar — pick a time and it's booked. Confirmation lands in your inbox immediately.
Straight answers
1038 CANAL DRIVE W FAQs
What would the monthly payment be for 1038 CANAL DRIVE W?+
With 3.5% down on a 30-year FHA loan at 6%, the all-in payment lands around $1,622/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.
What are the property taxes on 1038 CANAL DRIVE W?+
The most recent tax bill on record (2025) was $1,602. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.
Are pets allowed at 1038 CANAL DRIVE W?+
The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.
How does the price compare to other homes in Lakeland?+
At $209,900, this home is listed about 37% below the Lakeland median of $331,450. The market section on this page shows how the area is trending.
Which schools are assigned to 1038 CANAL DRIVE W?+
Crystal Lake Elementary School (elementary), Crystal Lake Middle School (middle), Tenoroc High School (high) — Polk County School District. Always verify school assignments with the district before relying on them.
The brief
Three things that matter here
01Under the LAKELAND 33801 market on paper
$209,900 is 18% below the LAKELAND 33801 median of $255,000.
02Time on market is leverage
152 days on market against a Lakeland median of 60 — sellers in this position are usually ready to negotiate.
03The price has already moved
Listed at $238,000, now $209,900 — a $28K cut. The full history is in the market section below.
Keep looking
Similar homes nearby
Listing courtesy of LAKELAND HOMES AND REALTY, LLC · Milton De La Cruz. MLS #L4961882.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.
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