tomo logo

$279,000

Beds
3
Baths
2.0
sq ft
1,316

1038 E Michigan St Unit B, Orlando, FL 32806

1038 E Michigan St Unit B

ORLANDO, FL 32806

  • 2 days on market
One or more photo(s) has been virtually staged. Don't miss out on this stunning three-bedroom, two-bathroom end unit condo with a lovely view of the pool, located in the highly desirable Hourglass District, known for its top-rated schools! Both bathrooms have been beautifully updated, and the common areas boast water-resistant luxury vinyl plank flooring. This home features two balconies: one overlooking the pool and a private balcony off the master bedroom, which includes a spacious walk-in closet. The community is gated and offers fantastic amenities such as a pool, clubhouse, and tennis courts. Book your showing today!

Details

Property type

Condominium

Est. home value

$246,294

Lot size

Unknown

Price per sq ft

$213

Year built

1973

Annual property taxes

$3,597.89

HOA

Yes

Price History

02/20/2025
StellarMLS

StellarMLS #O6282792

Listed
$279,000
+13.88%
08/25/2023
StellarMLS

StellarMLS #O6125797

Sold
$245,000
+80.01%
02/20/2018
StellarMLS

StellarMLS #O5543779

Sold
$136,100

Schools & Community

Neighborhood: 

Pineloch

Elementary school: 

Blankner Elem

Middle school: 

Blankner School (K-8)

High school: 

Boone High

Community features: 

Gated, Pool, Tennis Court(s)

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

$27,454
Asking price
$279,000
Closing costs (~8% of asking)
-$22,320
Est. remaining loan balance
-$229,226
Cash to seller
$27,454

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

Seller’s Loan History

Lender

Contour Mortgage Corp

Loan start date

August 2023

Original loan amount

$232,750

Est. remaining balance

$229,226

Interest rate

6.81%

Loan type

New Conventional, 30 year

Seller

Rafael Palmo and Awilda Palmo

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?

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Status: Active

Tomo last checked: 02/22/2025 at 6:10 PM

Listing updated: 02/20/2025 at 6:53 AM

Listed by: Celia Lugo, COLDWELL BANKER REALTY Phone #: (407) 696-8000

MLS: StellarMLS #O6282792

StellarMLS logo

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