tomo logo

$1,299,500

Beds
5
Baths
4.5
sq ft
4,391

7300 Grace Rd, Orlando, FL 32819

7300 Grace Rd

ORLANDO, FL 32819

  • 350 days on market
    • Price drop $49,500↓
Introducing a rare and exceptional lakefront home situated on the picturesque Lake Marsha, right in the heart of Dr. Phillips. Meticulously renovated both inside and out, every detail has been carefully attended to. This home is a perfect haven for relaxed lakefront entertaining or can be as formal as desired, thanks to its generously sized gathering room, elegant formal dining area, and charming Florida room. Uncompromising quality shines throughout the property, beginning with the striking rectified porcelain flooring and soaring ceilings adorned with tasteful crown molding. The kitchen exudes elegance and functionality, boasting custom cabinetry with leaded glass doors and top-of-the-line appliances. The eat-in kitchen is a true masterpiece, thoughtfully designed for both beauty and practicality. Adjoining the kitchen is a splendid family room featuring a captivating Key Stone gas fireplace, a dedicated home theater area, and a Four Season Cathedral Conservatory window that offers panoramic views of the lake to both the gathering room and the eat-in kitchen. This unique feature allows you to keep an eye on your guests while they revel in the vast back yard and breathtaking Lake Marsha shoreline. The gracious master suite is a private sanctuary, with its large window framing the enchanting lake view. It also boasts a spacious walk-in closet and a fireplace, adding to the allure of the luxurious en-suite bathroom, complete with a step-up tub and a well-appointed dressing area. The lush greenery is nourished by lake-fed irrigation, and two elegant fountains add a touch of sophistication. To top it off, there’s a charming gazebo with a cozy swing for two, creating an inviting spot to savor the scenic beauty of the surroundings. The southern view brings a cool breeze to the stunning back yard, ensuring a comfortable and serene environment. In summary, this lakefront gem on Lake Marsha is a true masterpiece, boasting a harmonious blend of beauty, luxury, and functionality. Whether you seek a tranquil retreat or an entertainer’s dream, this exceptional property caters to every desire.

Details

Property type

Single Family Residence

Est. home value

$1,831,948

Lot size

1.95 acres

Price per sq ft

$296

Year built

1983

Annual property taxes

$11,941.28

Price History

05/29/2024
StellarMLS

StellarMLS #O6127921

Price change
$1,299,500
-3.67%
04/05/2024
StellarMLS

StellarMLS #O6127921

Listed
$1,349,000
03/21/2024
StellarMLS

StellarMLS #O6127921

Pending
$1,349,000

Schools & Community

Elementary school: 

Palm Lake Elem

Middle school: 

Chain of Lakes Middle

High school: 

Dr. Phillips High

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

-$78,671
Asking price
$1,299,500
Closing costs (~8% of asking)
-$103,960
Est. remaining loan balance
-$1,274,211
Cash to seller
-$78,671

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

Seller’s Loan History

Lender

Nexera Holding Llc

Loan start date

December 2023

Original loan amount

$1,280,000

Est. remaining balance

$1,274,211

Interest rate

7.5%

Loan type

New Conventional, 30 year

Seller

Jinyoung Yoon and Siwon Jang

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: 07/07/2024 at 4:50 PM

Listing updated: 06/13/2024 at 7:20 PM

Listed by: Min Lin, FOURSQUARE REAL ESTATE Phone #: (734) 925-3609

MLS: StellarMLS #O6127921

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