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2304 Formosa AVENUE, Orlando, FL, 32804 | $999,900
Under contract-accepting backup offers. PRICE IMPROVEMENT !!
Brand-New Construction with Income-Generating Potential! Separate 1/1 ADU Over Garage with Covered Carport!
Welcome to your stunning new home, where everything is fresh, modern, and ready for you to move in—no need for renovations when you can enjoy a custom-built, brand-new residence! This exceptional property, located in the heart of sought-after College Park, offers the perfect blend of luxury, functionality, and additional income potential.
Step into the expansive Great Room and gourmet Kitchen, thoughtfully designed to accommodate both daily living and entertaining. The well-appointed Kitchen boasts sleek Quartz countertops, 36" cooktop with separate wall/microwave/oven, and high-end Stainless Steel appliances, offering everything the modern chef could desire.
The Primary Suite is conveniently located on the main floor, featuring a spacious bathroom with elegant finishes and a generously sized walk-in closet. Upstairs, you’ll find three more large bedrooms, each with its own walk-in closet, plus a versatile Loft space (27x16), perfect for a second living area, home office, or playroom.
But that’s not all—this property comes with a fantastic opportunity for income potential! The separate 1-bedroom, 1-bathroom Accessory Dwelling Unit (ADU) above the garage has its own private entrance, complete full kitchen. Ideal for generating rental income, hosting guests, or creating a cozy home office, this space gives you the chance to build equity while collecting rent!
Additional conveniences include an upstairs laundry room, a two-car garage, and a covered carport for extra parking. This home is designed to provide both comfort and style, while also offering the opportunity to earn rental income.
Don't miss your chance to live on The Drive, one of College Park’s most vibrant streets. Schedule your private showing today and experience the best of modern living in this incredible new home!
Photos are of staged model next door with similar finishes.
Features
- Rooms: 4
- Bedrooms: 5
- Baths: 4 full / 1 half
- Laundry: Electric Dryer Hookup, Inside, Laundry Room, Upper Level, Washer Hookup
- Year Built: 2024
- Garage: 2-car
- Heating: Central
- Cooling: Central Air
- Approx Sq. Feet: 3,402
- Acreage: 0.16
- Est. Taxes: $4,418
- Elem. School: Princeton Elem
- Middle School: College Park Middle
- High School: Edgewater High
- Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
- MLS#: O6251025
- Days on Market: 30 days
- Website: https://www.raveis.com
/eprop/O6251025/2304formosaavenue_orlando_fl?source=qrflyer
Listing courtesy of RE/MAX EXCLUSIVE COLLECTION Phone: 407-447-2829
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2304 Formosa AVENUE, Orlando, FL, 32804
$999,900
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
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,920 | $799,920 | $799,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.625% | 6.750% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.282% | 6.864% | 6.810% |
| Monthly Tax Payment | $368 | $368 | $368 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $5,122 | $5,188 | $7,023 |
| Total Monthly Payment | $5,582 | $5,648 | $7,483 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388