tomo logo

$775,000

Beds
4
Baths
4.0
sq ft
2,487

122 E Esther St, Orlando, FL 32806

122 E Esther St

ORLANDO, FL 32806

  • 116 days on market
    • Price drop $25,000↓
PRICE IMPROVEMENT and also available FOR RENT. Welcome to this timeless 1925-built home in the heart of Orlando’s vibrant SODO district. Offering 1,927 square feet of living space, the main house features three bedrooms and three full baths, seamlessly blending historic charm with modern amenities. Enjoy original hardwood floors, a bright Florida room that floods the space with natural light, and a cozy wood-burning fireplace. Recent updates include a new roof (2019), updated electrical and plumbing, a whole house water filter and softener, and an electric car charger. The outdoor space is perfect for entertaining, with a hardscaped backyard and a cozy balcony ideal for cool fall nights. The property also includes a 560-square-foot guest house above the two-car garage, one bedroom, one bath, living room, and a full kitchen—perfect for guests or rental income. Investors will appreciate the strong 5-6 cap rate, with the main house renting for approximately $4,500/month and the guest house for around $1,500/month. Alternatively, live in the main house and use the guest house as an Airbnb for additional income. Situated in one of Orlando’s most desirable neighborhoods, this home offers walkability to numerous restaurants, ORMC, Wadeview Park, and more. Zoned for the highly regarded Blankner K-8 and Boone High School, it’s an excellent choice for families. Don’t miss the opportunity to own a piece of history in this thriving community!

Details

Property type

Single Family Residence

Est. home value

$679,130

Lot size

6,766 sq ft

Price per sq ft

$312

Year built

1925

Annual property taxes

$9,908.59

HOA

No

Price History

11/19/2024
StellarMLS

StellarMLS #O6234737

Price change
$775,000
-3.13%
08/28/2024
StellarMLS

StellarMLS #O6234737

Listed
$800,000
+110.53%
02/10/2017
StellarMLS

StellarMLS #O5477894

Sold
$380,000
+20.63%

Schools & Community

Neighborhood: 

Wadeview Park

Elementary school: 

Blankner Elem

Middle school: 

Blankner School (K-8)

High school: 

Boone 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

$455,295
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$257,705
Cash to seller
$455,295

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

Seller’s Loan History

Lender

United Mutual Funding Corp

Loan start date

February 2017

Original loan amount

$304,000

Est. remaining balance

$257,705

Interest rate

4.3%

Loan type

New Conventional, 30 year

Seller

Luis Hidalgo and Amanda Hidalgo

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: 12/22/2024 at 3:05 PM

Listing updated: 12/08/2024 at 5:09 PM

Listed by: Audra Wilks, Phone #: (407) 545-6430

MLS: StellarMLS #O6234737

StellarMLS logo

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