tomo logo

$1,499,000

Beds
5
Baths
3.0
sq ft
4,320

503 N Summerlin Ave, Orlando, FL 32803

503 N Summerlin Ave

ORLANDO, FL 32803

  • 73 days on market
Discover a rare opportunity to own a unique, gated compound in the heart of the Lake Eola Heights historic district. Situated on the corner of East Amelia Street and North Summerlin Avenue, this property spans two parcels with the opportunity to turn into one large property or a great investment property with two high-end rentals. The possibilities are endless at the Summerlin/Amelia compound! Built in 2007, "Cottage Way" consists of two custom-designed structures, carefully crafted to meet the highest standards of quality and historic charm, as recognized by the National Preservation and Historic Board. The cornerstone of Cottage Way is a 2,300-square-foot Spanish Mediterranean home, with distinctive elevation, high ceilings, and an expansive feel throughout. This home offers an array of luxurious features including a two-floor Otis elevator with a full shaft, a wood-burning fireplace, travertine tile, a custom staircase, a Sub-Zero refrigerator, and more. The second-floor balcony provides stunning views of the historic neighborhood, making this property a dream for professionals seeking an office, studio, or creative flex space. The second parcel, facing East Amelia Street, is a charming Craftsman-style home with a spacious front porch and exquisite interior woodwork. The living room centers around a wood-burning brick fireplace with a wooden mantle, creating a warm and inviting atmosphere. The home boasts a 400-square-foot wardrobe room, a luxurious master bath with a jacuzzi tub and multi-head shower, and a master suite featuring a built-in bar with a custom wine rack, sink, and fridge, leading to a versatile theater loft space. This property offers the perfect blend of luxury living and creative workspace. Don’t miss out on this exceptional opportunity—schedule your appointment today. The sellers are motivated!

Details

Property type

Single Family Residence

Est. home value

$685,181

Lot size

893 sq ft

Price per sq ft

$347

Year built

2007

Annual property taxes

$19,187.64

Price History

08/24/2024
StellarMLS

StellarMLS #O6234002

Listed
$1,499,000

Schools & Community

Neighborhood: 

Lake Eola Heights

Elementary school: 

Hillcrest Elem

Middle school: 

Howard Middle

High school: 

Edgewater High

Community features: 

Sidewalks

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

Winter Park National Bank

Loan start date

March 2023

Original loan amount

$585,000

Est. remaining balance

Not provided

Interest rate

6.12%

Loan type

Future Advance Clause / Open End Mortgage

Seller

503 N Summerlin Avenue Llc

Lender

Cacquire Llc

Loan start date

September 2016

Original loan amount

$425,000

Est. remaining balance

Not provided

Interest rate

3.45%

Loan type

Future Advance Clause / Open End Mortgage

Seller

503 N Summerlin Avenue Llc

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: 11/05/2024 at 9:40 AM

Listing updated: 08/25/2024 at 2:38 PM

Listed by: Maria Blanchard, OLDE TOWN BROKERS INC Phone #: (407) 425-5069

MLS: StellarMLS #O6234002

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