16038 Old Cheney HIGHWAY, Orlando, FL, 32833 | $399,000

Under contract-accepting backup offers. BUYER GOT COLD FEET, PROPERTY IS STILL AVAILABLE! Calling all auto enthusiasts, horse lovers, weekend project warriors and tradespeople with equipment to store. . . this is your opportunity to get exactly what you need at a price that won't break the bank! This property's crown jewel is a somewhat recent (approximately 10 years old) garage/warehouse boasting around 3000 sf. and featuring overhead doors, 2 hydraulic car lifts that stay, an upstairs loft, air conditioned office space and an extra storage room. Imagine having your private spot to remodel that old classic car or take on that woodworking project you've been dreaming of. This space also has equestrian potential for a horse barn. With the right conversion, you could have multiple stalls and a tack room. Another great use of this property would be for the tradesperson such as plumber, electrician, roofer, painter, air conditioning installer, or contractor who has trucks, equipment and supplies to store. There's even power and water run for RV hook-up. The possibilities are endless! In addition to the warehouse, there is a 2 bedroom/2 bathroom mobile home with screened porch which was recently lived in but does need repair. There is an additional out building. . . perfect for storage or remodel and a pump house. This land is high and dry and was two separate lots that were joined together under one tax ID and according to the county, can be re-split into two if mobile home that sits on both lots is removed. Maybe build on one side and sell of the other? Or maybe this would be perfect for a multi-generational situation. Imagine coming home to a private estate wrapped in southern charm under the towering oak trees that you've perfectly designed for your lifestyle. There are currently 3 wells, 2 septic systems and 2 driveways from when the lot was split. Another amazing aspect of this property is that you feel you are away from it all yet you are a short distance to grocery stores, restaurants and other shopping as well as highway 408 and 50. Easy commute to downtown, the beaches or UCF. What could be better? Call today for your private viewing!

Features

  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Electric Dryer Hookup, Laundry Room
  • Style: Other
  • Year Built: 1972
  • Heating: Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,152
  • Acreage: 2.46
  • Est. Taxes: $1,581
  • Lot Desc: Cleared, In County, Level, Oversized Lot, Pasture, Unincorporated, Zoned for Horses
  • Elem. School: Columbia Elem
  • Middle School: Corner Lake Middle
  • High School: East River High
  • Appliances: Dishwasher, Range
  • MLS#: O6235615
  • Days on Market: 71 days
  • Website: https://www.raveis.com
    /prop/O6235615/16038oldcheneyhighway_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 11/10/2024 4:04:35 PM)
Listing courtesy of LPT Realty   Phone: 877-366-2213

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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16038 Old Cheney HIGHWAY, Orlando, FL, 32833

$399,000

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 $319,200 $319,200 $319,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.551% 7.042% 6.160%
Monthly Tax Payment $132 $132 $132
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,124 $2,097 $2,692
Total Monthly Payment $2,331 $2,304 $2,899

* 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.