Under contract-accepting backup offers. Amazing studio unit located in Downtown Orlando. This studio features an open floorplan with kitchen, living and dining areas all in one large space. Conveniently located on the first floor and you will be able to experience the landscape courtyard and the fountain view form here. The unit comes with one deeded parking space included with purchase . The building's roof was replaced in 2018. The Community is pet friendly with two on-site dog park areas. This Associations exterior has been recently repainted and has had its 2024 Reserve Study inspection. The Water/Sewer/Trash/Pest Control are all included in the condo fee. Park Cheney is Walking distance to Lake Ivanhoe and Downtown Orlando. you will be just steps away from restaurants, shops and bars; minutes to the UCF Creative Village, Amway Center, Dr. Phillips Center, Lake Eola Park and more! Easy access to I-4 interstate and 408 expressway, making commutes a breeze. Amenities include two large pools, a club room, business center, a cardio/weight room, laundry room and a dog park area. If you are looking for the downtown lifestyle, then this is the place for you! GREAT INVESTMENT OPPORTUNITY CURRENTLY RENTED until 05/01/2025 - Lowest HOA in Downtown - Call you Realtor and schedule your showing -
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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 | $145,600 | $145,600 | $145,600 |
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 | $149 | $149 | $149 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $969 | $968 | $1,248 |
Total Monthly Payment | $1,192 | $1,191 | $1,471 |
* 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.