tomo logo

$399,500

Beds
2
Baths
2.0
sq ft
1,189

400 E Colonial Dr Unit 1609, Orlando, FL 32803

400 E Colonial Dr Unit 1609

ORLANDO, FL 32803

  • 225 days on market
Welcome to this stunning unit located at Park Lake Towers. This beautiful 2BR, 2BA condo is located on the 16th floor of this downtown luxury high-rise. The corner unit faces southeast offering you breathtaking views of downtown Orlando skyline and surrounding areas. This well maintained gem has wood like tile flooring throughout, the kitchen has granite countertops, tile backsplash, wood cabinets, built-in hutch and pantry. MBR and ensuite bathroom with jacuzzi tub and shower and walk-in-closet. Guestroom has a spectacular view of the city with an ensuite bath. The reserve parking space is located in the gated underground garage adding another level of convenience. Park Lake Towers is a very friendly building that offers professional management with a Manager on duty Mon-Fri and security staff officers on duty at all times, 24/7 security. The Amenities include a luxurious lobby, pool, fitness center, sauna, steam room and recreational/meeting room. Included in the HOA are water, sewer, trash removal, pest control, cable and internet services. Don't miss the opportunity of owning a beautiful residence situated in the downtown Orlando area that offers you easy access to dining, shopping and entertainment options. Schedule your viewing today and you will fall in love with all that Park Lake Towers offers you not just a residence but a world of luxury, security, convenience and comfort.

Details

Property type

Condominium

Est. home value

$339,401

Lot size

0.28 acres

Price per sq ft

$336

Year built

1975

Annual property taxes

$4,470

Monthly HOA fee

$830

Price History

05/11/2024
StellarMLS

StellarMLS #O6204385

Listed
$399,500
+35.42%
12/14/2021
StellarMLS

StellarMLS #O5964457

Sold
$295,000
+113.77%
04/30/2012
StellarMLS

StellarMLS #O5049084

Sold
$138,000

Schools & Community

Neighborhood: 

Lake Eola Heights

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Sidewalks

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

$104,989
Asking price
$399,500
Closing costs (~8% of asking)
-$31,960
Est. remaining loan balance
-$262,551
Cash to seller
$104,989

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

Seller’s Loan History

Lender

First Federal Bank

Loan start date

December 2021

Original loan amount

$280,250

Est. remaining balance

$262,551

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Ning Zhang and Jessica Zhang

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 11:15 AM

Listing updated: 10/29/2024 at 2:39 PM

Listed by: Elizabeth Mosquera Garcia, PREMIUM PROPERTIES REAL ESTATE Phone #: (407) 380-2800

MLS: StellarMLS #O6204385

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