tomo logo

$265,000

Beds
1
Baths
1.0
sq ft
799

400 E Colonial Dr Unit 501, Orlando, FL 32803

400 E Colonial Dr Unit 501

ORLANDO, FL 32803

  • 123 days on market
    • Price drop $10,000↓
Welcome to this newly remodeled condominium located in the heart of Orlando. This 1 bedroom 1 bathroom is located in Park Lake Towers on the 5th floor. The owner spared no expense in updating this unit. The unit faces south with views of downtown Orlando. Stainless steel appliances, fresh paint, back splash, and luxury vinyl floors are just some of the updates that sets this unit apart. Some of the amenities this unit includes are 24/7 security, pool, fitness center, sauna, steam room, and meeting room. If you want to live in downtown Orlando, this is the place for you!!! Owner financing available, owner will hold the mortgage. Terms and conditions are negotiable.

Details

Property type

Condominium

Est. home value

$201,118

Lot size

0.28 acres

Price per sq ft

$332

Year built

1975

Annual property taxes

$2,634.22

Monthly HOA fee

$830

Price History

05/31/2024
StellarMLS

StellarMLS #O6183083

Price change
$265,000
-3.64%
03/01/2024
StellarMLS

StellarMLS #O6183083

Listed
$275,000
+61.76%
08/10/2006
StellarMLS

StellarMLS #O4691533

Sold
$170,000

Schools & Community

Neighborhood: 

Lake Eola Heights

Elementary school: 

Lake Como Elem

Middle school: 

Lake Como School K-8

High school: 

Edgewater High

Community features: 

Fitness Center, Pool

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

$172,748
Asking price
$265,000
Closing costs (~8% of asking)
-$21,200
Est. remaining loan balance
-$71,052
Cash to seller
$172,748

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

Seller’s Loan History

Lender

Fifth Third Mortgage Co

Loan start date

July 2017

Original loan amount

$119,000

Est. remaining balance

$71,052

Interest rate

3.16%

Loan type

New Conventional, 15 year

Seller

Mayra D Temes and Mayra Temes

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?

Status: Active

Tomo last checked: 07/02/2024 at 7:55 PM

Listing updated: 05/31/2024 at 6:42 AM

Listed by: Marcus Tillman, BLAIR REALTY GROUP INC Phone #: (407) 210-3944

MLS: StellarMLS #O6183083

StellarMLS logo

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