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$347,990

Beds
3
Baths
1.0
sq ft
1,071

516 8th St, Orlando, FL 32820

516 8th St

ORLANDO, FL 32820

  • 18 days on market
Welcome to this beautiful home in the East side of Orlando!!! NO WATER BILL AND ONLY A $30 ELECTRIC MONTHLY BILL thanks to the FULLY PAID OFF Solar Panels! The sellers have made many upgrades including a modern kitchen with granite countertops and soft close wood cabinets complete with newer stainless steel appliances. Fully renovated bathroom. Other great upgrades included are laminate and tile floors (2023), new roof (2019), new A/C (2020), tankless water heater (2024), kitchen appliances (2023), fiber cement siding (2019), Fully Paid Off Solar Panels (2020) with a bill of only $30 dollars a month, housing for septic & well (2020), electric-powered roof vent (2021), interior and exterior paint (2023) and an Electric operated gate (2021). PVC Privacy fence covers the whole yard with access via your electric gate. There is a 2 story storage in the backyard to store tools or use as a workshop and another storage that houses and protects the well and water purification systems. HUGE backyard (.29 acre) where you can easily park your RV, Boat or other toys... The home has connections ready for a second bathroom. NO HOA!!!. Proximity to all major highways, theme parks, MCO airport, Downtown & 30 minutes to the beach. This house sits close to everything in a secluded country setting were you are able to relax and enjoy a nice glass of wine or cool ice tea on the shady oversized deck. Very close to the park that has playgrounds, water features, full court basketball under roof and walking courses.

Details

Property type

Single Family Residence

Est. home value

$286,732

Lot size

0.29 acres

Price per sq ft

$325

Year built

1995

Annual property taxes

$3,285.36

HOA

No

Price History

02/13/2025
StellarMLS

StellarMLS #O6280189

Listed
$347,990
+60.36%
12/20/2021
StellarMLS

StellarMLS #O5978870

Sold
$217,000
+85.47%
05/02/2008
StellarMLS

StellarMLS #O4827639

Sold
$117,000
-7.07%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park, Playground

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

$158,154
Asking price
$347,990
Closing costs (~8% of asking)
-$27,839
Est. remaining loan balance
-$161,997
Cash to seller
$158,154

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

December 2021

Original loan amount

$173,600

Est. remaining balance

$161,997

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Mitchell W Miller

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: 03/04/2025 at 12:15 AM

Listing updated: 02/14/2025 at 6:55 AM

Listed by: Abiel Sanchez, REAL BROKER, LLC Phone #: (855) 450-0442

MLS: StellarMLS #O6280189

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