Orlando – Medical City at $76 PSF! Sold for $262,500

Lake Nona is quickly becoming one of Orlando’s most desirable areas. With the fastest high-paying job growth in Central Florida, it’s no wonder homes sell fast and usually with multiple offers. The house below we were able to negotiate for a remarkably low $76 PSF. Our customer and our realty team were the first movers on this property and were able to negotiate a cash offer and acquire this home at a fraction of the $370,000 it sold for in 2007.

The home leased in line with expectations 45 days after repairs were completed in a time of year that’s traditionally difficult to lease larger homes.

The details:

  • Sale price: $262,500
  • Repairs: ~$16,000
  • Rent: $1850
  • 5 bed / 3 bath / 2 car garage
  • Pond view
  • Screened in lanai
  • Lake Nona schools
  • Taxes $3703
  • Insurance $1400

Mossparkridge

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