400 E Colonial DRIVE, #301, Orlando, FL, 32803 | $189,900

Under contract-accepting backup offers. Located in the established Park Lake Towers high-rise condominium complex, minutes from Downtown Orlando, this 3rd floor, 1 bedroom, 1. 5 bath unit is eagerly awaiting a glow-up! Upon taking the elevator up, you’ll enter the apartment where a long hallway welcomes you. The hallway houses a roomy storage closet, perfect for stowing away your bike, extra belongings or using it as added storage for the nearby kitchen. Speaking of the kitchen, by easily removing the corner cabinet you can accommodate a small breakfast table or a mobile island, while the pass-through to the living room makes it easy to engage with and entertain visitors. The living room/dining room combo, with a sliding glass door opening out to your own private balcony, affords loads of natural light to filters into the space. Large windows provide a picturesque view of the inviting and oversized swimming pool & sundeck, and beyond that is the beautiful, historic tree-lined, brick-paved Hillcrest Street. Back inside and off of the main hallway is another sizeable closet and a convenient half-bath. The bedroom with two massive closets and its own full 3-piece bathroom is spacious enough for a King-sized bedroom suite, along with plenty more space to accommodate a sitting or workout area or a home office, while the window provides tons of natural light. With the right improvements and upgrades, this unit would make a great spot for anyone looking to be within close proximity to Downtown Orlando, the Mills 50 District, nearby shopping, dining and entertainment, and area hospitals. It would also make for a fantastic investment opportunity, generating income through a rental (approval required). Through its condo fees, Park Lake Towers offers an array of amenities, including the aforementioned saltwater pool, a fitness center, sauna & steam room, rec center and laundry facilities. The condo fees also cover water, sewer, trash removal, pest-control, basic cable and high-speed internet. Gated and assigned garage parking and 24-hour security offers peace of mind and a carefree lifestyle. Additional concierge services include secure package acceptance, a business center with access to a computer and printer, and a Notary Public. Please note that Park Lake Towers does require approval for all buyers and renters (see MLS attachments/verify with Association). Additionally, pets are not permitted, with the exception of assistance animals as required by law (verify with Association). This unit’s remarkable location, along with all of its included amenities make it a must-see for those hoping to experience luxury living in the heart of Orlando! Schedule a showing today as we do not anticipate it staying on the market long!

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air
  • Levels: 17
  • Amenities: Cable TV, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Other, Pool, Recreation Facilities, Sauna, Security, Vehicle Restrictions
  • Rooms: 5
  • Bedrooms: 1
  • Baths: 1 full / 1 half
  • Laundry: Common Area, Inside, Laundry Room, Same Floor As Condo Unit
  • Complex: PARK LAKE TOWERS
  • Year Built: 1975
  • Approx Sq. Feet: 799
  • Acreage: 0.28
  • Est. Taxes: $2,584
  • Condo Fee: $830 Monthly
  • Lot Desc: City Lot
  • View: Pool
  • Elem. School: Lake Como Elem
  • Middle School: Lake Como School K-8
  • High School: Edgewater High
  • Pet Policy: No
  • Appliances: Dishwasher, Range, Range Hood, Refrigerator
  • MLS#: O6243425
  • Days on Market: 48 days
  • Website: https://www.raveis.com
    /prop/O6243425/400ecolonialdrive_orlando_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 11/13/2024 9:47:08 PM)
Listing courtesy of BEAR TEAM REAL ESTATE   Phone: 407-228-1112

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400 E Colonial DRIVE, #301, Orlando, FL, 32803

$189,900

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $151,920 $151,920 $151,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $215 $215 $215
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,036 $1,010 $1,281
Total Monthly Payment $1,326 $1,300 $1,571

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.