PRICE IMPROVEMENT! 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!
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Our Executive Mortgage Banker:
Our Insurance Division:
$475,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $380,000 | $380,000 | $380,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $470 | $470 | $470 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,309 | $2,309 | $3,003 |
Total Monthly Payment | $2,854 | $2,854 | $3,548 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.