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$465,000

Beds
3
Baths
2.0
sq ft
1,244

925 La Salle Ave, Orlando, FL 32803

925 La Salle Ave

ORLANDO, FL 32803

  • 78 days on market
    • Price drop $10,000↓
SIGNIFICANT PRICE DROP | ONGOING INCOME POTENTIAL | REASONABLE OFFERS WELCOME | ASSUMABLE MORTGAGE Live here and let the property help pay for itself! This is your chance to own an income-generating home in the highly desirable Mills50 district. Located at 925 La Salle Ave, this 3-bedroom, 2-bathroom property offers incredible flexibility for both homeowners and investors. Currently, the home is set up as a 2-bedroom, 1-bathroom main house, with a fully furnished third bedroom functioning as a successful Airbnb since 2021. With its own private entry, this Airbnb generates an average of $2,000 each month in 2024. You can continue to earn rental income or easily incorporate the space back into the main house—the choice is yours! Ideally located between Downtown Orlando, Winter Park, and Baldwin Park, this home puts you at the heart of the city’s best dining, shopping, and culture. Plus, it’s zoned for the A-rated Audubon Park K-8 school district, making it perfect for families. Recent updates include: New roof (2022) New windows (2017) New fence (2021) Upgraded electric panel (2020) Mini-split air conditioner (2021) And rest easy knowing the home remained undamaged during recent hurricanes—no flooding, power outages, or tree damage. Located near a major intersection and a fire station, quick response to any issues is an added bonus. Don’t miss this incredible opportunity—live, earn, and invest in one of Orlando’s most sought-after neighborhoods!

Details

Property type

Single Family Residence

Est. home value

$418,172

Lot size

6,405 sq ft

Price per sq ft

$374

Year built

1948

Annual property taxes

$5,643.55

HOA

No

Price History

10/03/2024
StellarMLS

StellarMLS #O6234610

Price change
$465,000
-2.11%
09/17/2024
StellarMLS

StellarMLS #O6234610

Price change
$475,000
-4.04%
08/22/2024
StellarMLS

StellarMLS #O6234610

Listed
$495,000
+65%

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

$159,489
Asking price
$465,000
Closing costs (~8% of asking)
-$37,200
Est. remaining loan balance
-$268,311
Cash to seller
$159,489

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

$268,311

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: 11/08/2024 at 8:50 AM

Listing updated: 10/23/2024 at 5:01 PM

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

MLS: StellarMLS #O6234610

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