NOT LISTED FOR SALE

506 Hillcrest St Orlando, FL 32803

Lake Eola Heights Neighborhood

Estimated Value: $722,000 - $941,000

5 Beds
4 Baths
2,405 Sq Ft
$335/Sq Ft Est. Value

Sale Details

Date Sold: January 15, 2018

Last sale price $500,000 $208 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $5,347 / mo

20 Days on Market

Highlights

  • The property is located in a historic district
  • Deck
  • No HOA
  • 0.35 Acre Lot
  • Wood Flooring
  • Balcony

About This Home

As of January 2018

Rare Opportunity to Purchase a Four Unit, Two Structure Income Property in Historical Downtown Orlando. This unique sale has a lot nearly 4 times larger than most downtown lots. Zoning is R-2 and Lake Eola is only a few short blocks away. Wood floors throughout the units. Fully rented and a list of tenants are very easy to find if someone decides to move. Downtown Orlando growth has only begun and there is a huge upside for anyone looking to live in one and rent the others or an investor looking for a cash flow situation. Structures have been painted on exterior and new roof within the last 5 years. Close to I-4 Ultimate, Winter Park, East End Market, Farmers Market's, Amway Center and Orlando City Soccer Stadium, as well as Dr Phillips Center. There may be additional opportunities to add to the existing structures due to the size of the lot - this will be the responsibility of the Purchaser to perform their own due diligence. As it stands this property can start making you money tomorrow and allow you to own a piece of Downtown Orlando as a very affordable price point. Please schedule your private showing today - Additional Photos Coming Soon!

Last Agent to Sell the Property

Jonathan Fitzgerald

CHARLES RUTENBERG REALTY ORLANDO License #3188563 Listed on: 09/28/2017

CHARLES RUTENBERG REALTY ORLANDO

Last Buyer's Agent

Jonathan Fitzgerald

CHARLES RUTENBERG REALTY ORLANDO License #3188563 Listed on: 09/28/2017

CHARLES RUTENBERG REALTY ORLANDO

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,115

Year Built

  • Built in 1920

Lot Details

  • 15,352 Sq Ft Lot
  • Lot Dimensions are 236x60
  • Fenced
  • Oversized Lot
  • Street paved with bricks
  • Historic Home

Parking

  • 4 Car Attached Garage
  • Workshop in Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Bungalow
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,405 Sq Ft Home
  • Wood Flooring
  • Eat-In Kitchen

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Separate Outdoor Workshop
  • Porch

Location

  • The property is located in a historic district

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 23 / 25/22
  • Assessor Parcel Number 25-22-29-7524-00-230

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Robinsons S A Rev Subdivision

Building Details

  • Gross Income $46,980

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,115

Year Built

Built in 1920

Lot Details

0.35 Acres

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Architectural Style: Bungalow, Historic
  • Construction Materials: Wood Frame
  • Living Area: 2405
  • Lot Size Acres: 0.35
  • New Construction: No
  • Year Built: 1920
  • Lease Term: Twenty Four Months
  • Lot Size Sq Ft: 15352
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • RATIO Current Price By Calculate: 207.90
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Wood
  • Interior Amenities: Eat-in Kitchen
  • Levels: Two
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Workshop
  • Exterior Features: Balcony, Fence
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12095C0265F

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Covered, On Street, Workshop in Garage

Utilities

  • Utilities: Cable Available, Electricity Connected, Street Lights
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: R-2B/T/HP
  • Parcel Number: 25-22-29-7524-00-230
  • Additional Parcels: No
  • Lot Features: Historic District, City Limits, Oversized Lot, Sidewalk, Street Brick
  • Lot Dimensions: 236x60
  • Flood Zone Code: X

Multi Family

  • Gross Income: 46980
  • Number Of Units Total: 4
  • Total Num Buildings: 2
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 7115
  • Tax Block: 25/22
  • Tax Book Number: G-20
  • Tax Lot: 23

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2017
Closed on
Jan 12, 2018
Sold by
Bought by
Seller's Agent
Jonathan Fitzgerald
CHARLES RUTENBERG REALTY ORLANDO
Buyer's Agent
Jonathan Fitzgerald
CHARLES RUTENBERG REALTY ORLANDO
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Current Estimated Value
$805,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,667
Avg. Annual Appreciation
5.79%
Original Mortgage
$620,000
Outstanding Balance
$126,820
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$678,847

Purchase Details

Closed on
Jun 28, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,160
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 27, 2008
Sold by
Bought by

Purchase Details

Closed on
Jan 24, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$500,000 Professional Title Agency A
$233,200 Attorney
-- Attorney
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $620,000
Previous Owner $233,160
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/15/2018 04/15/18 Off Market $500,000 -- --
01/15/2018 01/15/18 Sold $500,000 -4.8% $208 / Sq Ft
10/19/2017 10/19/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $525,000 -- $218 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,256 $634,870 $268,620 $366,250
2024 $10,162 $587,640 $268,620 $319,020
2023 $10,162 $560,912 $268,620 $292,292
2022 $9,243 $499,479 $268,620 $230,859
2021 $8,434 $432,495 $268,620 $163,875
2020 $7,967 $422,172 $268,620 $153,552
2019 $8,447 $424,139 $268,620 $155,519
2018 $7,888 $440,857 $268,620 $172,237
2017 $7,356 $409,984 $242,000 $167,984
2016 $7,115 $405,198 $242,000 $163,198
2015 $6,722 $375,314 $220,000 $155,314
2014 $5,706 $277,672 $148,000 $129,672
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Fitzgerald

    Seller's Agent in 2018

    Jonathan Fitzgerald

    CHARLES RUTENBERG REALTY ORLANDO

    (407) 718-5701

    6 in this area

    62 Total Sales

    Jonathan Fitzgerald
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Map

Source: Stellar MLS

MLS Number: O5538051

Stellar MLS

APN: 25-2229-7524-00-230

Florida Orange County Orlando 32803 Lake Eola Heights

506 Hillcrest St, Orlando, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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