tomo logo

$1,250,000

Beds
4
Baths
4.0
sq ft
2,685

1701 Ferris Ave, Orlando, FL 32803

1701 Ferris Ave

ORLANDO, FL 32803

  • 51 days on market
Under Construction. David Weekley Homes offers comfort, elegance, and streamlined convenience in this two-story new home in the heart of Downtown Orlando! The downstairs Owner’s Retreat features an oversized walk-in closet and a large walk-in shower and double vanity in the superb en suite bathroom. The sunny, open-concept living spaces are ideal for entertaining guests and enjoying quiet evenings in. Stylish 42" cabinets, stainless steel GE appliances, and quartz countertops are just a few of the upgrades that make the gourmet kitchen a chef’s delight. Three additional bedrooms and a cheerful retreat, perfect for a game room or play area, are lovingly nestled on the second floor. Come see why David Weekley Homes has a 45-year reputation for building and delivering top-quality, energy-efficient new homes with outstanding customer service, and one of the best centralized warranties in the business. **For a limited-time, qualified buyers may be eligible for mortgage financing at 2.99% interest rate for the first year, 3.99% interest rate for the second year and 4.99% interest rate mortgage loan for the remainder of the mortgage term when the home purchase is financed with a mortgage from FBC Mortgage. *Offer only valid for qualifying buyers who purchase the home between February 27, 2025, and April 1, 2025, and finance the home purchase with a mortgage loan from FBC Mortgage. Home must close by April 29, 2025, to qualify for the offer. Qualifying buyers must have a minimum FICO score of 720 and make a down payment of at least 5% of the Total Purchase Price. Contact mortgage loan originator for details on financing options. Borrower must meet lender’s qualification criteria. David Weekley Homes has arranged a Forward Commitment of a limited amount of mortgage financing for qualifying buyers, who finance with FBC Mortgage. Applications under the Forward Commitment will be accepted on a first-come, first-served basis until the limited amount of mortgage financing is depleted, or the program end date, whichever occurs first. Actual loan pricing may be adjusted based on the borrower’s credit profile and the borrower may need to pay discount points to get the rate under the commitment. This rate is not applicable for all credit profiles and not all borrowers will qualify for the rate. Offer must be presented to Sales Consultant prior to signing a Purchase Agreement and buyers who qualify for the Forward Commitment rate will not be eligible for any other Financing promotions or incentives. Loans subject to credit, underwriting, and property approval. This is not a commitment to lend. Terms and programs subject to change without notice. Home loan products may involve appraisal fees, title search fees, and other fees, but there is no cost to obtain details or apply. Other terms and conditions apply. You are NOT required to use FBC Mortgage as a condition for purchase of a home. See written purchase agreement for terms and conditions. David Weekley Homes reserves the right to terminate the program or change rules at any time.

Details

Property type

Single Family Residence

Est. home value

$406,533

Property condition

Under Construction
New Construction

Lot size

7,976 sq ft

Price per sq ft

$466

Year built

2025

Annual property taxes

$6,241

HOA

No

Price History

01/20/2025
StellarMLS

StellarMLS #TB8340781

Listed
$1,250,000

Schools & Community

Neighborhood: 

Lake Formosa

Elementary school: 

Audubon Park K8

Middle school: 

Audubon Park K-8

High school: 

Edgewater High

Seller’s Loan History

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

Lender

Phh Mortgage Services Corp

Loan start date

February 2013

Original loan amount

$172,250

Est. remaining balance

$123,284

Interest rate

3.4%

Loan type

New Conventional, 30 year

Seller

Anne M Klein and Anne Morgan

Lender

Suntrust Bank

Loan start date

November 2006

Original loan amount

$20,000

Est. remaining balance

Not provided

Interest rate

6.1%

Loan type

Credit Line (Revolving)

Seller

Anne M Klein

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: 03/12/2025 at 11:30 AM

Listing updated: 02/28/2025 at 10:12 AM

Listed by: Robert St. Pierre, WEEKLEY HOMES REALTY COMPANY Phone #: (866) 493-3553

MLS: StellarMLS #TB8340781

StellarMLS logo

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