tomo logo

$430,000

Beds
3
Baths
2.0
sq ft
2,840

625 N Central Ave, Oviedo, FL 32765

625 N Central Ave

OVIEDO, FL 32765

  • 21 days on market
    • Price drop $6,000↓
Zoned R-P. Great location for Professional Office / Business Office / Assisted Living and other viable uses. City Plans to update Zoning Map on 11/18/2024, this property will fall into the "Downtown Neighborhood" zoning. LIVE, WORK, PLAY. Do you know what that means? Opportunity to own a property in potentially vibrant Downtown location. Located 3 mins from Downtown Oviedo and 13 minutes from UCF. Lots of Upside. Highest and best use could possibly be commercial. The City of Oviedo is making a lot of changes so this could possibly appreciate in value in the coming years. Great Opportunity for the Work From Home Professional. Possibly great opportunity to change the use and increase the value without lifting a hammer. Plenty of parking, horseshoe parking with long path to backyard. Great lot for parking recreational vehicles (RV, Boats etc). Roof is slightly older than 1 year. Water heater is new. AC is about 7 years old. Has been re-piped 2019. 2840 ft.² under air Call today, one of very few 2800sqft homes in Oviedo priced under $450k. List agent has recording from 11/13/2024 Pre-Applicaton Meeting with the City. Valuable Insight on how profitable this deal can be. Calling ALL Professionals (Doctors, Dentist, Accountants, Psychiatrist, Architectects, Lawyers, Title Contacts, Mortage Contacts, or even RE Brokers) Potential to rent out individual office spaces to Professionals. Rent Estimate 3 rooms @ $700/mo each, 2 Larger spaces @ $900/mo total potential rents $3900/mo

Details

Property type

Single Family Residence

Est. home value

$556,382

Property condition

Fixer

Lot size

0.47 acres

Price per sq ft

$152

Year built

1978

Annual property taxes

$5,049.2

HOA

No

Price History

11/16/2024
StellarMLS

StellarMLS #O6254024

Price change
$430,000
-1.38%
11/12/2024
StellarMLS

StellarMLS #O6254024

Price change
$436,000
-0.8%
11/02/2024
StellarMLS

StellarMLS #O6254024

Listed
$439,500
+95.33%

Schools & Community

Elementary school: 

Lawton Elementary

Middle school: 

Jackson Heights Middle

High school: 

Oviedo High

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

David E Bateman

Loan start date

March 2007

Original loan amount

$320,000

Est. remaining balance

Not provided

Interest rate

6.75%

Loan type

Seller take-back

Seller

Terraglio Homes 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: 11/22/2024 at 11:20 PM

Listing updated: 11/16/2024 at 9:45 PM

Listed by: Samuel Guerrier, SUNSTAR METRO REALTY Phone #: (407) 235-6452

MLS: StellarMLS #O6254024

StellarMLS logo

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