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Location, Location, Location! Exceptional opportunity to own an oversized 0. 44-acre lot in the highly sought-after Hourglass District of Orlando, just minutes from Downtown Orlando and zoned for Boone High School district. Cash only opportunity ideal for investors, builders, renovators, or buyers looking to build their dream property in one of Orlando’s most popular areas. Built in 1930, this property offers endless potential with a versatile layout that can function as a single-family residence with 3 bedrooms, 2 bathrooms, and 2 separate living areas connected by a shared laundry room. Alternatively it could be used as a 2 bedroom, 1 bathroom main living space with an attached 1 bedroom, 1 bathroom suite complete with kitchenette. Perfect setup for multigenerational living, guest quarters, rental possibilities, or a home-based business. The property also includes a detached mobile home ADU located at the rear of the lot, adding even more flexibility. New HVAC in 2025. The home requires significant updating and is being sold as-is. Original electrical and plumbing remain in place, making this a prime renovation project or tear-down opportunity for redevelopment including possible subdivision with county approval. Large lots in the Hourglass District are hard to find, making this a rare chance to secure a property with substantial upside in an unbeatable location.
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.
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To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$390,000
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
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $312,000 | $312,000 | $312,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.125% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.424% | 6.628% | 5.933% |
| Monthly Tax Payment | $67 | $67 | $67 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,896 | $1,970 | $2,591 |
| Total Monthly Payment | $2,038 | $2,112 | $2,733 |
* 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.