tomo logo

$235,000

Beds
2
Baths
2.0
sq ft
1,054

5550 E Michigan St Unit 2223, Orlando, FL 32822

5550 E Michigan St Unit 2223

ORLANDO, FL 32822

  • Pending
    • Price drop $10,000↓
GREAT NEWS!! We have reduced the price to $235,000 making this an excellent opportunity. Don't miss out - schedule a showing today! Additionally, the building recently under went the Structural Integrity Reserve Study (SIRS) complying with FL State requirements and ensuring the health of structural elements of the building as well as the HOA reserve funds for future repairs and maintenance. LOCATION, LOCATION, LOCATION!! Great opportunity to own a centrally located condo. Spacious 2 bed/2bath condo on the second floor of the resort-style Registry at Michigan Park community. This well maintained unit has been meticulously cared for. It features an open floor plan, a private balcony and vinyl flooring throughout. The charming kitchen has modern lights, beautiful Calacatta Quartz counter and a nice backsplash for a sleek, contemporary touch. The master bedroom boasts a walk-in-closet and en-suite bathroom. Enjoy the convenience of in-unit laundry and a dedicated storage unit. The HOA amenities include an onsite management, two pools, a fitness center, a clubhouse, secure with access controlled entry and gated parking for residents, also subject to video recording 24/7. Community has just finished installing a new tile roof, a new luxury vinyl tile in hallways and new painting interior and exterior of buildings. Convenient to the Orlando International Airport, Downtown Orlando, UCF and Valencia College, major highways, shopping and restaurants. This condo offers an easy "lock-and-leave" lifestyle, perfect for your primary residence or investment property.

Details

Property type

Condominium

Est. home value

$221,050

Lot size

Unknown

Price per sq ft

$223

Year built

2005

Annual property taxes

$2,856.72

Monthly HOA fee

$457.19

Price History

03/21/2025
StellarMLS

StellarMLS #O6274993

Pending
$235,000
03/11/2025
StellarMLS

StellarMLS #O6274993

Price change
$235,000
-4.08%
01/31/2025
StellarMLS

StellarMLS #O6274993

Listed
$245,000
+133.33%

Schools & Community

Neighborhood: 

South Semoran

Elementary school: 

Lake George Elem

Middle school: 

Conway Middle

High school: 

Boone High

Community features: 

Gated, Clubhouse, 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

$143,662
Asking price
$235,000
Closing costs (~8% of asking)
-$18,800
Est. remaining loan balance
-$72,538
Cash to seller
$143,662

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

Seller’s Loan History

Lender

Us Bank Na

Loan start date

March 2018

Original loan amount

$84,000

Est. remaining balance

$72,538

Interest rate

4.15%

Loan type

New Conventional, 30 year

Seller

Jacqueline Roman and Washington Castaldi

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: Pending/Under Contract

Tomo last checked: 04/01/2025 at 2:05 PM

Listing updated: 03/21/2025 at 3:34 PM

Listed by: Nancy Kubo, NONA LEGACY POWERED BY LA ROSA Phone #: (407) 270-6841

MLS: StellarMLS #O6274993

StellarMLS logo

Recently listed in ORLANDO

$849,900|3 bd|2.0 ba|House
$449,900|4 bd|2.5 ba|House
$170,000|3 bd|2.0 ba|Manufactured
$285,000|3 bd|2.0 ba|House
$910,000|3 bd|2.0 ba|House
$1,549,000|5 bd|4.5 ba|House