Under contract-accepting backup offers. Discover your perfect sanctuary nestled in the heart of Downtown Orlando’s Ivanhoe Village / Lake Formosa neighborhood! This stunning property features a spacious 3 bedroom, 3 bathroom main house and a charming 1 bedroom, 1 bathroom detached mother-in law suite, perfect for visitors or extra income potential. Step into the main house and be greeted by a light and bright open floor plan, with tall ceilings and elegant travertine floors. The gourmet kitchen is a chef’s delight, boasting stainless steel appliances, including a gas cooktop, solid wood 42” cabinetry, granite countertops, and a striking curved island with breakfast bar – perfect for entertaining. The living room is truly a showstopper, featuring an HD 1080P projection system with a 161-inch retractable screen and a surround sound system – perfect for creating memorable movie nights. Sliding glass doors lead you into a backyard paradise, complete with a heated free-form pool, surrounded by mature tropical landscaping and a serene Koi pond. The primary bedroom, located on the second floor, is a private retreat with a seating area, walk-in closet and a private balcony overlooking the lush pool area. The spacious ensuite bath offers a luxurious garden tub with a separate shower with glass enclosure, and a dual sink vanity. Two additional well-sized secondary bedrooms, a full bath and a second balcony overlooking the pool, complete the second floor. As an added bonus, the detached Mother-In Law Suite has it’s own separate entrance and is fully equipped with travertine and wood flooring, a full kitchen, living room and bedroom with French doors that open directly to the pool area – perfect for hosting guests or creating a private rental space. This home has been thoughtfully updated with fresh exterior paint, newly laid sod, new roofs on both buildings (2024), a new HVAC system (2024) for the main house and Tesla charger has also been installed. This home is perfectly located near Ivanhoe Row, The Mills-50 District and the Orlando Urban Trail, and just steps away from fantastic shopping and dining. With countless entertainment options nearby, this downtown gem truly has it all!
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$899,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $719,200 | $719,200 | $719,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $552 | $552 | $552 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,665 | $4,605 | $6,364 |
Total Monthly Payment | $5,309 | $5,249 | $7,008 |
* 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.