tomo logo

$495,000

Beds
3
Baths
2.0
sq ft
1,244

925 La Salle Ave, Orlando, FL 32803

925 La Salle Ave

ORLANDO, FL 32803

  • 25 days on market
Welcome to your next home in the vibrant and highly desirable Mills50 district! This unique 3-bedroom, 2-bathroom property offers an assumable mortgage and is an incredible opportunity for both homeowners and investors. Nestled between Downtown Orlando, Winter Park, and Baldwin Park, you’ll enjoy the best of all worlds with close proximity to trendy new restaurants, boutique shops, and the lively culture that defines the Mills50 area. The home is situated in the A-rated Audubon Park K-8 school district, making it an ideal choice for families. The main house is currently configured as a cozy 2-bedroom, 1-bathroom space, offering a warm and inviting atmosphere. But that’s not all—this property also features a successful 1-bedroom Airbnb that’s been thriving since 2021, providing a fantastic opportunity for rental income. Recent upgrades make this home even more appealing: a new roof was installed in 2022, new windows were added in 2017, a new fence was erected in 2021, the electric panel was upgraded in 2020, and a new mini-split air conditioner was installed in 2021. Whether you’re looking for a place to call home or a smart investment in one of Orlando’s most sought-after neighborhoods, this property offers flexibility, convenience, and style. Don’t miss out on this rare find—properties like this in the Mills50 district don’t last long!

Details

Property type

Single Family Residence

Est. home value

$418,172

Lot size

6,405 sq ft

Price per sq ft

$398

Year built

1948

Annual property taxes

$5,643.55

HOA

No

Price History

08/22/2024
StellarMLS

StellarMLS #O6234610

Listed
$495,000
+65%
11/06/2020
StellarMLS

StellarMLS #O5890940

Sold
$300,000

Schools & Community

Neighborhood: 

Colonialtown North

Elementary school: 

Audubon Park K8

Middle school: 

Audubon Park K-8

High school: 

Edgewater High

Community features: 

Sidewalks

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

$185,934
Asking price
$495,000
Closing costs (~8% of asking)
-$39,600
Est. remaining loan balance
-$269,466
Cash to seller
$185,934

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

Seller’s Loan History

Lender

Seacoast National Bank

Loan start date

November 2020

Original loan amount

$294,566

Est. remaining balance

$269,466

Interest rate

2.87%

Loan type

FHA, 30 year

Seller

Rachel Novline Ekman and Brandon Ray Ekman

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: 09/16/2024 at 4:10 PM

Listing updated: 09/15/2024 at 11:44 AM

Listed by: Audra Wilks, KELLER WILLIAMS WINTER PARK Phone #: (407) 545-6430

MLS: StellarMLS #O6234610

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