NOT LISTED FOR SALE

400 E Colonial Dr Unit 503 Orlando, FL 32803

Lake Eola Heights Neighborhood

Estimated Value: $244,361 - $327,000

1 Bed
2 Baths
1,109 Sq Ft
12,197 Sq Ft Lot

Sale Details

Date Sold: September 18, 2020

Last sale price $225,000 $203 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,150 / mo

48 Days on Market

Highlights

  • Fitness Center
  • Elevator
  • Central Heating and Cooling System
  • Community Pool
  • Ceramic Tile Flooring
  • Combination Dining and Living Room

About This Home

As of September 2020

Beautifully renovated condo in the sought after high rise of PARK LAKE TOWERS. You'll fall in love with the spectacular views of Park Lake and Orlando's downtown skyline. This unit offers laminate floors throughout the main living areas, dry bar with granite counters, new kitchen with granite counters and stainless steel appliances. The large master bedroom offers great closet space, updated bathroom and newer carpet. This unit is easily converted into a 2/2 with a separation wall in the living room, which would add instant value. Park Lake Towers has full time professional management and building staff on premises with Uniformed Security Officers or a manager always on duty. The property offers free cable and High Speed Internet in each condo and has one of the most beautiful building lobbies in Central Florida. Recent building improvements include full top to bottom building paint job, the main lobby was totally renovated with all new decor and furniture. The large exercise suite was redone with all new equipment -including steam and sauna, and the building's emergency generator was replaced. This property has great security and the best landscaping in the downtown area. Well run HOA with plenty of reserves. Call today before it's gone!

Last Agent to Sell the Property

Tal Busidan

TAL BUSIDAN PA License #3191040 Listed on: 06/26/2020

Last Buyer's Agent

Christopher Nutt

GALLERY PROPERTIES INTERNATIONAL License #618264

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,093

Year Built

  • Built in 1975

Lot Details

  • East Facing Home

HOA Fees

  • $565 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,109 Sq Ft Home
  • Window Treatments
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, internet, maintenance structure, sewer, trash, water
  • Chris Bertoch Association, Phone Number (407) 425-4277
  • Park Lake Towers Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 15-Story Property

Amenities

  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,093

Year Built

Built in 1975

Lot Details

0.28 Acres

HOA Fees

$565 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Internet, Maintenance Structure, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1109
  • Lot Size Acres: 0.28
  • New Construction: No
  • Year Built: 1975
  • Lot Size Sq Ft: 12028
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5873775?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5873775?w=Customer
  • Floor Number: 5
  • Homestead Y N: Yes
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.93789
  • Price per Sq Ft: 202.89
  • Close to Original List Price Ratio: 0.93789
  • View: No
  • Ownership: Condominium
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 15
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Exterior Features: Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Pool
  • Association Fee Frequency: Monthly
  • Association Name: Chris Bertoch
  • Phone: 4074254277
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 565
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 565
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6780
  • Total Monthly Fees: 565

Lot Info

  • Zoning: MXD-2/T
  • Parcel Number: 25-22-29-6677-05-030
  • Additional Parcels: No
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: No
  • Minimum Lease: 7 Months
  • Approval Process: Buyer to contact HOA contact
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Buyer to verify

Tax Info

  • Tax Annual Amount: 2093.45
  • Tax Block: 5
  • Tax Book Number: 3-92
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Sep 17, 2020
Sold by
Leonard Thomas Edward
Bought by
Silva Jose Luis Navedo
Seller's Agent
Tal Busidan
TAL BUSIDAN PA
Buyer's Agent
Christopher Nutt
GALLERY PROPERTIES INTERNATIONAL
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Current Estimated Value
$280,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,553
Avg. Annual Appreciation
4.78%
Original Mortgage
$145,000
Outstanding Balance
$128,439
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$163,401

Purchase Details

Closed on
Feb 22, 2018
Sold by
Leonard Thomas Edward and Leonard Thomas Edward
Bought by
Leonard Thomas Edward

Purchase Details

Closed on
Dec 2, 2016
Sold by
Lapella Anthony M and Lapella Elizabeth R
Bought by
Leonard Thomas Edward and Leonard Thomas Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2015
Sold by
Lapella Anthony M and Lapella Elizabeth
Bought by
Lapella Anthony M and Lapella Elizabeth R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 2005
Sold by
Hale Nicholas C and Coats Ricky L
Bought by
Lapella Teresa J and Lapella Anthony M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.77%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 20, 2005
Sold by
Ugast Emma D
Bought by
Hale Nicholas C and Coats Ricky L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.54%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Silva Jose Luis Navedo $225,000 Brokers Ttl Of Longwood I Ll
Leonard Thomas Edward -- Attorney
Leonard Thomas Edward $185,000 City Title Services
Lapella Anthony M -- City Title Services
Lapella Teresa J $240,000 Sunbelt Title Agency
Hale Nicholas C $200,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Jose Luis Navedo $145,000
Previous Owner Leonard Thomas Edward $100,000
Previous Owner Lapella Anthony M $168,000
Previous Owner Lapella Teresa J $192,000
Previous Owner Hale Nicholas C $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/18/2020 09/18/20 Sold $225,000 -6.2% $203 / Sq Ft
08/13/2020 08/13/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $239,900 -- $216 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,052 $99,936 -- --
2024 $941 $97,309 -- --
2023 $941 $91,813 $0 $0
2022 $896 $89,139 $0 $0
2021 $867 $86,543 $0 $0
2020 $2,040 $153,947 $0 $0
2019 $2,093 $150,486 $0 $0
2018 $2,065 $147,680 $29,536 $118,144
2017 $2,618 $134,992 $26,998 $107,994
2016 $2,349 $118,768 $23,754 $95,014
2015 $2,293 $118,768 $23,754 $95,014
2014 $2,228 $121,264 $24,253 $97,011
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5873775

Stellar MLS

APN: 25-2229-6677-05-030

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