Under contract-accepting backup offers. Welcome to 640 Terrace Boulevard, Orlando, Florida 32803! Nestled in the highly sought-after Park Lake Highland neighborhood, this stunning 1980s Contemporary-style home offers a perfect blend of timeless design and modern amenities. This home is a blank canvas with great bones constructed of concrete block, and ready for you to create your stylish downtown dream home!
With 2 bedrooms, 2 bathrooms, and an open floor plan, this residence is designed for both comfort and functionality. The home was thoughtfully positioned on the lot to allow for the addition of a third bedroom if desired. It embodies the essence of 1980s architecture with its clean lines, soaring vaulted ceilings, and expansive windows that flood the space with natural light.
The open layout seamlessly connects the living, dining, and kitchen areas, creating an inviting space for both entertaining and daily living. The vaulted ceilings add a sense of grandeur and spaciousness to the home, while large windows frame the living spaces, offering picturesque views and an abundance of natural light. A brand-new roof was installed in 2022, providing peace of mind and enhancing the home's overall value. This home has natural gas and features a tankless gas water heater, gas living room fireplace and gas cooktop!
Situated on an elevated lot across from Lake Highland, enjoy cool lake breezes while relaxing on the front porch. The property, measuring approximately 100 feet wide by 110 feet deep, offers both privacy and a commanding presence.
The home features two generously sized bedrooms and two well-appointed bathrooms, providing ample space for relaxation and comfort. The spacious primary suite includes a large master bathroom and a walk-in closet, with sliding glass doors leading out to a paved patio area, perfect for outdoor gatherings.
Voted one of the best neighborhoods in Orlando, Park Lake Highland is known for its tree-lined streets, charming homes, and welcoming community atmosphere. Just a stone's throw away, the vibrant Mills 50 District offers an eclectic mix of restaurants, shopping, and entertainment options. Savor diverse culinary delights, explore unique boutiques, and immerse yourself in the lively arts scene.
For outdoor enthusiasts, nearby bike trails and parks offer plenty of opportunities for recreation and relaxation. Located in the heart of downtown Orlando, you'll have easy access to all the amenities and attractions the city has to offer, from cultural venues to nightlife.
Don't miss the opportunity to own this 1980s Contemporary gem in one of Orlando's most desirable neighborhoods. Schedule a showing today and experience the style and convenience of 640 Terrace Boulevard for yourself!
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.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$695,000
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 | $556,000 | $556,000 | $556,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.125% | 4.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.483% | 6.273% | 5.268% |
Monthly Tax Payment | $296 | $296 | $296 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,378 | $3,378 | $4,394 |
Total Monthly Payment | $3,766 | $3,766 | $4,782 |
* 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.