9 months on rocket

510 N Summerlin Ave, Orlando, FL, 32803

$839,000

Home List Price

$9,963*

Closing Credit

0 Baths
1,903 SqFt
$441/SqFt
Multi
Schools Nearby

Location

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510 N Summerlin Ave, Orlando$839,000

Buyer Closing Credits

$9,963*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1925
HeatingCentral
CoolingCentral Air
MLS #O6129354
Lot Size0.12 Acres
StatusActive

About 510 N Summerlin Ave

Charming downtown triplex coming available now! Welcome to this exceptional triplex located in the heart of Downtown Orlando, offering an ideal investment opportunity or a perfect owner-occupied residence with additional rental income. This property boasts three distinct 1-bedroom, 1-bathroom units, providing the best of urban living with an abundance of modern features. Unit 1 and Unit 2 have undergone recent renovations in 2021, making them move-in ready and a tenant's dream. Each unit has been thoughtfully updated with brand-new kitchens, residents can stay comfortable year-round with the newly installed AC units, ensuring a pleasant atmosphere regardless of the outside temperature. For added convenience, both units also feature in-unit full-size laundry facilities, making daily chores hassle-free. Unit 3 stands as the largest unit of the triplex and is a standout with its inviting screened balcony on the second floor. This outdoor retreat is where tenants can relax, unwind, and enjoy the pleasant Orlando weather. The unit's spacious layout provides ample room for comfortable living and is sure to attract tenants seeking a tranquil and unique living experience. The location couldn't be more ideal, as this triplex is nestled in the vibrant and sought-after Downtown Orlando area. Residents will have easy access to an array of dining, entertainment, and cultural options, as well as proximity to major transportation hubs, ensuring a convenient commute to any part of the city. Investors will appreciate the potential for steady rental income, given the prime location and the appeal of the recently remodeled units. Owner-occupiers will also find themselves living in one of the units while renting out the others, making this triplex an excellent financial prospect. Don't miss this incredible opportunity to own a triplex with two extensively renovated units and a spacious screened balcony in the heart of Downtown Orlando. Whether you're looking for an income-generating property or a stylish residence with additional rental potential, this triplex is a must-see! Schedule your showing today and experience the best of urban living in one of Orlando's most vibrant neighborhoods.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 1,903 SqFt

Listing Office:

  • Office Name: OLDE TOWN BROKERS INC
  • Listing Agent: Parker Blanchard

Interior Features

Interior Information:

  • Interior: Ceiling Fans(s)

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Irrigation System, Sidewalk

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Orange County Virtual Franchise, Public District Grades 4-12
  • Edgewater High School, Public Magnet Grades 9-12
  • Howard Middle School, Public Magnet Grades 6-8
  • Hillcrest Elementary School, Public Magnet Grades KG-5

Other

Directions Information:

  • Directions: From i4 head East on E Colonial Drive, and turn right on N Summerlin Ave, house is on right past Mount Vernon Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $839,000
  • Price Per SqFt: $441/SqFt

Tax Information:

  • Annual Amount: $4,667
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Orlando, FL.

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Orlando, FL

City

Med. Sold Price

$379.9K

Med. Price/SqFt

$237

Avg. Days On Market

41

# of Sold Homes

917

510 N Summerlin Ave vs Orlando

276 DAYS ON ROCKET

+235 Days

$839,000

+$459K More

$441/SqFt

+$204 More

KEY TAKEAWAY

This property is $459K more than the Median Sold Price and $204/SqFt more than other homes in Orlando, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #O6129354

Listing Office:

  • Office Name: OLDE TOWN BROKERS INC
  • Listing Agent: Parker Blanchard

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

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.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 11:49:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 26, 2018Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,667$241,137
2018$4,595$256,174
2017$4,279$238,222

History based on county public records data.

Payment Calculator

$4,255

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,582

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3469256
10
/10

  • Hillcrest Elementary School

  • 1010 E Concord St

  • 0.21 miles

  • Public Magnet Grades KG-5

Middle School

school-card-donut-3469257
8
/10

  • Howard Middle School

  • 800 E Robinson St

  • 0.33 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-3469258
6
/10

  • Orange County Virtual Franchise

  • 445 W Amelia St

  • 0.99 miles

  • Public District Grades 4-12

school-card-donut-3469259
3
/10

  • Edgewater High School

  • 3100 Edgewater Dr

  • 2.55 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,802. Residents of Orlando, FL typically earn between $35k-100k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Orange County›Orlando›32803›510 N Summerlin Ave

This home is located at 510 N Summerlin Ave in Orlando, FL and zip code 32803 in the Lake Eola Heights neighborhood. This 1,903 square foot home, which was built in 1925, sits on a 0.12 acre lot. It has been listed on Rocket Homes since July 28, 2023 and is currently priced at $839,000.

While more than 150 listings in Orlando, FL in March 2024 were sold above asking price, there were more than 202 listings sold at asking price, and more than 565 were sold below. In March 2024 in Orlando, FL there were 4.8% more homes for sale than in February 2024. In March 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $379,947.

From Rocket Homes Real Estate and based on county public records data.

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