tomo logo

$225,000

Beds
2
Baths
2.0
sq ft
1,060

1056 E Michigan St Unit 1056B, Orlando, FL 32806

1056 E Michigan St Unit 1056B

ORLANDO, FL 32806

  • 46 days on market
    • Price drop $5,000↓
Step into this contemporary retreat and be greeted by soaring high ceilings that elevate the sense of space and light. Natural light floods the living areas and creating a welcoming ambiance throughout. This beautiful 2nd floor end unit residence flows seamlessly from the living room to the updated kitchen featuring sleek countertops, stainless steel appliances, and ample storage space. Relax and unwind while sitting at your custom built in bar. In your master bedroom, enjoy your vaulted ceilings, cedar closet, an ensuite and a private balcony. Recent updates include the electrical panel, bathroom granite countertops and lift chair added. Outside discover the epitome of resort-style living within the gated community. Take a dip in the sparkling pool, soak up the Florida sun or socialize with neighbors in the inviting communal spaces. Conveniently located in the heart of Orlando, this home offers easy access to shopping, dining, entertainment, and major thoroughfares. Don't miss your chance to experience the best of urban living combined with the tranquility of a gated community.

Details

Property type

Condominium

Est. home value

$265,407

Lot size

4,112 sq ft

Price per sq ft

$213

Year built

1973

Annual property taxes

$2,230

Monthly HOA fee

$542.59

Price History

06/24/2024
StellarMLS

StellarMLS #O6206004

Listed
$225,000
06/20/2024
StellarMLS

StellarMLS #O6206004

Pending
$225,000
06/12/2024
StellarMLS

StellarMLS #O6206004

Price change
$225,000
-2.17%

Schools & Community

Neighborhood: 

Pineloch

Elementary school: 

Unknown

Middle school: 

Blankner School (K-8)

High school: 

Boone High

Community features: 

Gated, Pool, Sidewalks, 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

$75,875
Asking price
$225,000
Closing costs (~8% of asking)
-$18,000
Est. remaining loan balance
-$131,125
Cash to seller
$75,875

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

Seller’s Loan History

Lender

Cogent Bank

Loan start date

July 2022

Original loan amount

$135,000

Est. remaining balance

$131,125

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Sharon Cormier and Amy Benison

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: 07/02/2024 at 7:00 PM

Listing updated: 06/30/2024 at 2:09 PM

Listed by: Kim Gordon, COMPASS FLORIDA, LLC Phone #: (305) 851-2820

MLS: StellarMLS #O6206004

StellarMLS logo

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