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$1,025,000

Beds
4
Baths
2.5
sq ft
2,112

732 Edgewater Dr, Orlando, FL 32804

732 Edgewater Dr

ORLANDO, FL 32804

  • 10 days on market
One or more photo(s) has been virtually staged. LOCATION! LOCATION! AND EXTRA EXTRA LAND! Come view this This Mediterranean Spanish Revival estate, in addition to its rich historical charm and expansive grounds, includes a 2-story home boasting 4 bedrooms, 2.5 bathrooms, and 2,112 square feet of living space. The property features a detached 2-car garage, further enhancing its functionality. Its 1925 origin, custom-built for vaudeville comedian Eddie Ross, adds a rich historical context, making it a true gem of the College Park area in Orlando. The detailed restoration, including original oak hardwood floors and timeless design elements like tapestry plaster and Gamble Rogers lighting, keeps the home’s vintage essence intact while providing modern comforts. The large family room with its feature fireplace and the seamless indoor-outdoor flow to a Charleston-style cabana make it perfect for entertaining or simply enjoying serene moments. With its expansive grounds, R-2 zoning, and the possibility for further development, this home offers not only a beautiful living space but also future potential. It's rare to come across homes that marry history, elegance, and function so well, especially in such a desirable location close to Downtown Orlando, Edgewater Drive, and all the conveniences of the area. This sounds like a prime opportunity for anyone looking to invest in a piece of Orlando’s architectural and cultural history. Including the additional parcel in the sale adds even more value to this already exceptional property! Having the original plans for development provides a fantastic starting point for anyone looking to expand or personalize the estate. Whether it's adding a mother-in-law suite, a guesthouse, or even something entirely custom, the possibilities are vast. Given the size of the land and its R-2 zoning, this offers incredible flexibility for future projects while still maintaining the charm of the original estate. It's an ideal opportunity for buyers seeking a blend of historic beauty and modern expansion potential in a prime Orlando neighborhood.

Details

Property type

Single Family Residence

Est. home value

$615,176

Lot size

6,646 sq ft

Price per sq ft

$486

Year built

1930

Annual property taxes

$6,093

HOA

No

Price History

09/19/2024
StellarMLS

StellarMLS #O6242242

Listed
$1,025,000
+53.1%
08/13/2021
StellarMLS

StellarMLS #O5957896

Sold
$669,500

Schools & Community

Neighborhood: 

College Park

Elementary school: 

Lake Silver Elem

Middle school: 

College Park Middle

High school: 

Edgewater 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

$578,829
Asking price
$1,025,000
Closing costs (~8% of asking)
-$82,000
Est. remaining loan balance
-$364,171
Cash to seller
$578,829

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

Seller’s Loan History

Lender

Amerifirst Financial Corp

Loan start date

August 2021

Original loan amount

$390,000

Est. remaining balance

$364,171

Interest rate

3.02%

Loan type

New Conventional, 30 year

Seller

Catherine Neubauer

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: 09/28/2024 at 9:35 PM

Listing updated: 09/28/2024 at 1:09 PM

Listed by: Kassandra Lopez, LLC, BHHS FLORIDA REALTY Phone #: (407) 876-2090

MLS: StellarMLS #O6242242

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