tomo logo

$1,024,900

Beds
5
Baths
4.5
sq ft
3,402

2300 Formosa Ave, Orlando, FL 32804

2300 Formosa Ave

ORLANDO, FL 32804

  • 56 days on market
    • Price drop $75,000↓
Brand-New Construction with Income-Generating Potential! Separate 1/1 ADU Over Garage with Covered Carport! Welcome to your stunning new home, where everything is fresh, modern, and ready for you to move in—no need for renovations when you can enjoy a custom-built, brand-new residence! This exceptional property, located in the heart of sought-after College Park, offers the perfect blend of luxury, functionality, and additional income potential. Step into the expansive Great Room and gourmet Kitchen, thoughtfully designed to accommodate both daily living and entertaining. The well-appointed Kitchen boasts sleek Quartz countertops, 36" cooktop with separate wall/microwave/oven, and high-end Stainless Steel appliances, offering everything the modern chef could desire. The Primary Suite is conveniently located on the main floor, featuring a spacious bathroom with elegant finishes and a generously sized walk-in closet. Upstairs, you’ll find three more large bedrooms, each with its own walk-in closet, plus a versatile Loft space (27x16), perfect for a second living area, home office, or playroom. But that’s not all—this property comes with a fantastic opportunity for income potential! The separate 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU) above the garage has its own private entrance, complete full kitchen. Ideal for generating rental income, hosting guests, or creating a cozy home office, this space gives you the chance to build equity while collecting rent! Additional conveniences include an upstairs laundry room, a two-car garage, and a covered carport for extra parking. This home is designed to provide both comfort and style, while also offering the opportunity to earn rental income. Don't miss your chance to live on The Drive, one of College Park’s most vibrant streets. Schedule your private showing today and experience the best of modern living in this incredible new home!

Details

Property type

Single Family Residence

Est. home value

$563,891

Property condition

New Construction

Lot size

6,985 sq ft

Price per sq ft

$302

Year built

2024

Annual property taxes

$4,400.27

HOA

No

Price History

11/05/2024
StellarMLS

StellarMLS #O6241555

Price change
$1,024,900
-6.82%
09/29/2024
StellarMLS

StellarMLS #O6241555

Price change
$1,099,900
-4.35%
09/13/2024
StellarMLS

StellarMLS #O6241555

Listed
$1,149,900

Schools & Community

Neighborhood: 

College Park

Elementary school: 

Princeton Elem

Middle school: 

College Park Middle

High school: 

Edgewater High

Community features: 

Park, Playground, Pool

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

Brandon Palant

Loan start date

February 2024

Original loan amount

$408,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

Future Advance Clause / Open End Mortgage

Seller

Roger Van Sluis

Lender

Space Coast Cu

Loan start date

November 2021

Original loan amount

$625,000

Est. remaining balance

Not provided

Interest rate

2.86%

Loan type

Building or Construction Loan, 30 year

Seller

Roger Dean Van Sluis and Mandy Mount

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: 11/08/2024 at 5:15 AM

Listing updated: 11/07/2024 at 4:06 PM

Listed by: Kim Griffin, RE/MAX EXCLUSIVE COLLECTION Phone #: (407) 447-2829

MLS: StellarMLS #O6241555

StellarMLS logo

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