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.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $820,000 | $820,000 | $820,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $508 | $508 | $508 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,251 | $5,251 | $7,200 |
Total Monthly Payment | $5,884 | $5,884 | $7,833 |
* 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.