Under contract-accepting backup offers. One of the very few homes and likely unique in downtown incorporating over 5, 000 square feet and with a full finished basement for a professional office. The home is located in the superb Lake Highland Prep neighborhood (top-ranked in Central Florida) and just a five-minute drive to downtown Orlando. Ideal location in the cultural arts district, with many restaurants and amenities close by. The very nice current (and only owner of the home), a builder by trade, designed and constructed this home for his family for some 24 years. Many special details abound, expressing excellent workmanship and attention to detail. The possibilities that this home offers are many and diverse. One of the main and unique features of the home is its very large open basement, which expands 1, 500 square feet, an extremely ample space with multiple usage options. It is big enough to set up a medium-sized office with several workers. It could also become a large playroom or a large media room. Another viable usage is a mother-in-law suite. It could be used for different quarters to rent out or for an Airbnb. Short-term rentals could be fully permitted since you would be renting part of your own home. The basement has two accesses: one from inside the home through some beautifully designed stairs, and the other from outside the home (please see the pictures and floor plan drawing). This basement includes a large storage room. Wine connoisseurs can transform this room into a wine cellar, or it can be a file or storage area for the office. The basement is complete with a closet and a full bathroom. This basement is fully air-conditioned and has three windows to the outside. It is also equipped with a full kitchen (for guests, Airbnb guests, or employees). The main level of the home and entrance are charming and welcome you with a stunning fireplace at the end. It presents a nice, large office to the left and garage access to the right. This area includes a formal dining room, very large living rooms, a kitchen, and a breakfast nook. Natural gas is available in the area and is used in this home to provide energy for the range, the main fireplace in the living room, and the second fireplace in the master bedroom. It also provides gas to the tankless gas water heater, has additional feeds in the back of the home, and has a beautiful screened-in porch for outdoor barbecues and gatherings. The upper floor is accessible through stairs presided by a stunning stained-glass window, which adds much beauty while accessing the upper. The upper floor has three extremely large bedrooms, all with their own private full bathroom and walk-in closet. The master bedroom includes an additional room that could be used as an office as well. The third bedroom faces Kenilworth Terrace and includes a lovely balcony to relax and enjoy the tranquility of this street. This home is partially powered by solar panels, which are owned and included with the home (please see aerial photos). This outstanding property is only about 1 mile from the Orange County Court House: less than 5 minutes by car, 10 minutes by bike, or a 20-minute walk. Interstate I4 access is just 5 minutes by car and other highway exchanges. The home is nestled between downtown Orlando and Winter Park. A gem in itself. Shown by appointment only. Buyers must verify all measurements.
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William Raveis Mortgage, LLC
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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 | $959,200 | $959,200 | $959,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.851% | 6.989% | 6.936% |
Monthly Tax Payment | $336 | $336 | $336 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,462 | $6,301 | $8,488 |
Total Monthly Payment | $6,923 | $6,762 | $8,949 |
* 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.