tomo logo

$865,000

Beds
4
Baths
2.5
sq ft
2,306

832 N Summerlin Ave, Orlando, FL 32803

832 N Summerlin Ave

ORLANDO, FL 32803

  • 74 days on market
    • Price drop $20,000↓
One or more photo(s) has been virtually staged. Charming downtown home with historic elegance and modern comforts. Nestled in the highly sought-after Lake Highland district of Mills 50, this stunning home seamlessly blends historic charm with modern updates. Just a short walk from Lake Highland Preparatory School, Lake Eola, and the vibrant dining and entertainment options of the area, this property offers the best of urban living. Step inside to find beautiful wood floors throughout, neutral tones, and an expansive kitchen with a wine bar—perfect for hosting or relaxing. The exterior boasts fresh paint, a paved deck, and a private fenced backyard oasis, ideal for outdoor gatherings or peaceful retreats. The versatile floor plan features a first-floor primary suite and second bedroom, with two additional bedrooms upstairs. The upper level also includes a separate entrance, offering flexibility as an in-law suite, rental income property, or private home office. This meticulously maintained home comes with a transferable termite bond and a one-year home warranty, ensuring peace of mind for the next owner. Key Updates Include: New Roof (2020) HVAC System (2023) Windows (2021) Repipe and Electrical Updates (2009). Don't miss this rare opportunity to own a move-in-ready urban oasis in one of Orlando’s most desirable neighborhoods. *Owner Financing Negotiable*

Details

Property type

Single Family Residence

Est. home value

$833,418

Lot size

7,635 sq ft

Price per sq ft

$376

Year built

1925

Annual property taxes

$7,577.24

HOA

No

Price History

03/20/2025
StellarMLS

StellarMLS #O6272148

Price change
$865,000
-2.26%
02/26/2025
StellarMLS

StellarMLS #O6272148

Price change
$885,000
-1.61%
02/12/2025
StellarMLS

StellarMLS #O6272148

Price change
$899,500
-2.76%

Schools & Community

Neighborhood: 

Park Lake-Highland

Elementary school: 

Audubon Park K8

Middle school: 

Audubon Park K-8

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

$637,658
Asking price
$865,000
Closing costs (~8% of asking)
-$69,200
Est. remaining loan balance
-$158,142
Cash to seller
$637,658

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

Seller’s Loan History

Lender

Fidelity Funding Mortgage Corp

Loan start date

February 2015

Original loan amount

$417,000

Est. remaining balance

$158,142

Interest rate

3.05%

Loan type

New Conventional, 15 year

Seller

John S Fareed and Lisa M Fareed

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: 04/01/2025 at 10:40 PM

Listing updated: 04/01/2025 at 3:17 PM

Listed by: Robert Arnold, Jr, SAND DOLLAR REALTY GROUP INC Phone #: (407) 389-7318

MLS: StellarMLS #O6272148

StellarMLS logo

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