tomo logo

$275,000

Beds
4
Baths
1.0
sq ft
1,253

1029 Colyer St, Orlando, FL 32805

1029 Colyer St

ORLANDO, FL 32805

  • <1 day on market
Attention investors! This freshly remodeled 2024 gem is a prime opportunity to own an income-generating property in the heart of Downtown Orlando’s thriving sports and entertainment district. Located at 1029 Colyer Street, this charming three-bedroom, one-office home boasts modern updates while maintaining its character. Currently leased through May 30, 2025, at $1,900 monthly, this property offers immediate rental income. With no HOA and a new architectural shingle roof installed in the past year, this home offers low-maintenance ownership. A newer central HVAC system ensures year-round comfort, while the open-concept layout provides designated living and dining spaces perfect for entertaining or relaxing. The screened-in front porch offers a cozy spot to unwind, and the fenced backyard adds privacy and security. An inside laundry room enhances convenience, making everyday living a breeze. Situated behind the new Orlando Police Headquarters, this home is just minutes from major attractions, including Camping World Stadium, which hosts concerts, football games, and large-scale events year-round, Exploria Stadium, home to Orlando City Soccer Club, and the Kia Center, formerly known as Amway Center, a hub for NBA games, concerts, and entertainment. It is also near the Creative Village and UCF Downtown Campus, a growing educational and tech hub, as well as Lake Eola Park and Thornton Park, where you can enjoy scenic walks, swan boat rides, trendy bars, and brunch spots. Quick access to I-4 and SR 408 makes commuting effortless, connecting you to all that Central Florida has for you. Orlando’s bustling downtown nightlife, dining, and shopping districts are right at your doorstep, with popular restaurants such as Russell’s on Lake Ivanhoe offering upscale American cuisine with stunning lake views, Santiago’s Bodega providing a popular tapas experience, and The Wellborn featuring a hidden cocktail bar in a historic setting. Shopping options abound with Orlando Fashion Square and The Mall at Millenia just a short drive away. For medical and emergency services, major hospitals like Orlando Health, a top-ranked hospital and trauma center, and AdventHealth Orlando, known for world-class medical care, are nearby. This home also shares a driveway easement with the adjacent duplex for sale at 1025 Colyer St A/B, presenting an incredible opportunity to expand your rental portfolio by purchasing both properties. Don’t miss this chance to invest in one of Orlando’s hottest up-and-coming areas. Schedule a showing today and secure your spot in this high-demand rental market. All descriptions and measurements are from appraisal and to be verified.

Details

Property type

Single Family Residence

Est. home value

$432,273

Lot size

3,485 sq ft

Price per sq ft

$220

Year built

1930

Annual property taxes

$6,484

HOA

No

Price History

02/23/2025
StellarMLS

StellarMLS #O6282711

Listed
$275,000
-38.89%
01/05/2024
StellarMLS

StellarMLS #T3467667

Sold
$449,990
+238.34%
11/09/2017
StellarMLS

StellarMLS #O5532296

Sold
$133,000

Schools & Community

Neighborhood: 

Holden-Parramore

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Jones High

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

-$192,429
Asking price
$275,000
Closing costs (~8% of asking)
-$22,000
Est. remaining loan balance
-$445,429
Cash to seller
-$192,429

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

January 2024

Original loan amount

$449,990

Est. remaining balance

$445,429

Interest rate

7.44%

Loan type

VA, 30 year

Seller

Richard S Dinnan and Shirley Arias Alba

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 02/23/2025 at 7:05 PM

Listing updated: 02/23/2025 at 4:03 PM

Listed by: Kelsey McMaster, COLDWELL BANKER REALTY Phone #: (407) 696-8000

MLS: StellarMLS #O6282711

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