Great opportunity to own a ground-floor, well-appointed (Engineered hardwood floors, Granite counters in kitchen AND baths, 2021 a/c and water heater) premium condo in the heart of downtown Orlando. Perfect for investors or owner-occupants! The current tenant pays $2150 per month. Option to retain tenant or move in with just 45 days' notice. Don't miss this flexible opportunity! Crown molding throughout also enhances the feel. Besides the convenience of first floor, this unit faces north in the back so you won't get blasted with afternoon sun but will have balanced natural light throughout the day. Open the French doors to your back patio; surrounded by lush landscaping; setting the tropical vibe you're looking for at the end of a long day. The Grande has recently upgraded its exterior and it shows. The community boasts one of the nicest and most inviting pool areas, especially within this general price point. Exterior renovation completed in 2020/21 including new roof, paint, and windows. Cook up steaks or relax on the various chaise loungers poolside. This residence has a very usable, open layout with two full baths and bedrooms. One of the best-looking units in the building and first floor. You'll be hard-pressed to find a better, more put-together option at this price point. HOA is $765/month which includes $200 special assessment for 2021 exterior renovation of whole community. Also included in the HOA: water, sewer, trash pickup, pest control, exterior maintenance and night time security. This gated community offers two deeded covered parking spots for you and free off-street parking for your guests. Tenant lease ends 3/31/25 with 45-day notice to vacate in the case of owner-occupant purchase.
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Our Executive Mortgage Banker:
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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 | $207,600 | $207,600 | $207,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | $178 | $178 | $178 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,381 | $1,380 | $1,751 |
Total Monthly Payment | $1,634 | $1,633 | $2,004 |
* 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.