Welcome to Park North at Cheney Place! Downtown Orlando's best value- considering the low monthly condo fee includes water/sewer/trash and weekly pest control. This well-appointed studio unit is directly on one of two tropical pools of the community, with easy access to laundry facilities (operated by a phone application) just down the hall. The studio has large windows with Southern exposure for ample sunlight and newer luxury vinyl flooring throughout the space; the Fridge with icemaker was replaced on 11/21. This 1st-floor unit has direct access to the parking garage area or onto N. Orange. The central location offers prime access to dining and entertainment, with cultural, sports, and music venues steps away. Park North is a pet-friendly property with recreation areas designated especially.
The Association has completed its STATE OF FLORIDA MANDATED Structural Integrity reporting, including a 30-year plan, which is available for review to any potential purchaser. Don't let this scare you away from buying a condo—do your research: ) Park North has fully funded reserves and well-maintained and operated facilities.
The 2025 budgeted Condo Dues, including new mandatory strategic reserves (FL), will be $198. 92/mo for this unit—very low, considering this includes water, sewer, trash, pest control, and one deeded parking space!
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Our Executive Mortgage Banker:
Our Insurance Division:
$182,500
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 | $146,000 | $146,000 | $146,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | $159 | $159 | $159 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $971 | $970 | $1,252 |
Total Monthly Payment | $1,205 | $1,204 | $1,486 |
* 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.