tomo logo

$1,850,000

Beds
3
Baths
3.5
sq ft
3,713

601 E Ridgewood St, Orlando, FL 32803

601 E Ridgewood St

ORLANDO, FL 32803

  • 76 days on market
    • Price drop $49,500↓
What was originally a mission-style church in 1928, this building has been reimagined into 5 townhome units unlike no other. This end-unit townhome is three stories and boasts a unique floor plan with distinctive features. It’s the intricate details that make this home special. Designer finishes fill the residence, with original windows, artful light fixtures, a touch of modern living and breathtaking rooftop views of Downtown Orlando. From the historical charm to the industrial accents, this property is perfect for someone searching for a distinct home with undeniable elegance and character. This spacious townhome boasts 3 bedrooms and 3.5 bathrooms. As you step onto the first floor, you’ll find a charming mudroom with original tile and separate entry door to the left. Additionally, the first floor features a versatile bedroom that can serve as an office space or guest bedroom, complete with its own en suite bathroom and private entry door. Moving up to the second floor, you’ll discover two more bedrooms, each with its own private bathroom. The primary bedroom on this floor impresses with a generously sized bathroom, ample counter space, and a walk-in closet equipped with built-in shelving units for convenient storage and organization. The third floor is dedicated to the heart of the home, featuring a well-appointed kitchen with a substantial island, perfect for hosting gatherings, and modern elegant touches throughout. The functional floor plan seamlessly connects the kitchen, dining room, and living room, with a convenient half bath for entertaining. Ascend the stairs to the loft, offering an overlook of the living room and leading to a wet bar before stepping out onto the rooftop deck, which offers breathtaking views of the Downtown Orlando skyline. From this vantage point, you can enjoy spectacular views of Lake Eola’s 4th of July fireworks and other holiday events held throughout the year. This expansive townhome also features the added convenience of an elevator that serves each floor, ensuring easy access throughout the property. From the exterior, a picturesque staircase that flows up to the original church doors on the second level, adding to the unique charm of the home. The property also offers additional storage space for added convenience, a stackable two-car garage and includes a deeded space that is specific to the unit, and has the potential to be transformed into a fenced-in outdoor area. This home is just minutes away from all of the restaurants, cafes, and entertainment that Downtown Orlando, Mills District and Thornton Park have to offer. Don't miss out on owning one of Orlando's most unique properties!

Details

Property type

Townhouse

Est. home value

$1,378,612

Lot size

3,341 sq ft

Price per sq ft

$499

Year built

1958

Annual property taxes

$18,282.88

Price History

06/07/2024
StellarMLS

StellarMLS #O6194331

Price change
$1,850,000
-2.61%
04/17/2024
StellarMLS

StellarMLS #O6194331

Listed
$1,899,500
+33.3%
11/17/2016
StellarMLS

StellarMLS #O5450947

Sold
$1,425,000

Schools & Community

Neighborhood: 

Lake Eola Heights

Elementary school: 

Hillcrest Elem

Middle school: 

Howard Middle

High school: 

Edgewater High

Community features: 

None

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

$500,804
Asking price
$1,850,000
Closing costs (~8% of asking)
-$148,000
Est. remaining loan balance
-$1,201,196
Cash to seller
$500,804

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

Seller’s Loan History

Lender

Logan Finance Corp

Loan start date

December 2023

Original loan amount

$1,207,500

Est. remaining balance

$1,201,196

Interest rate

7.57%

Loan type

New Conventional, 30 year

Seller

Michael E Filoramo and Elisa C Filoramo

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: 07/02/2024 at 7:05 PM

Listing updated: 06/30/2024 at 2:09 PM

Listed by: Drew Belani, COMPASS FLORIDA LLC Phone #: (407) 203-9441

MLS: StellarMLS #O6194331

StellarMLS logo

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