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About this home
5034 Old Cheney Hwy is a 1952-built home in Lake Shore Estates, Orlando. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,301 square feet of living space. Listed at $450,000 (about $346/sqft), 51 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
Exceptional builder and investor opportunity in a desirable location! This property offers a rare combination of an existing single-family residence and functional in-ground pool situated on an oversized lot with multiple potential redevelopment strategies. The existing home is in need of significant renovation and may provide an opportunity for a buyer to reimagine the structure as a potential duplex, subject to zoning and governmental approvals, or pursue a tear-down and explore the potential to divide the lot into two buildable parcels. The functional in-ground pool adds additional value and flexibility for a renovation-minded buyer or could potentially be incorporated into a future development plan, subject to applicable requirements. Whether renovating, redeveloping or starting fresh, this property offers tremendous upside for an experienced investor or builder. Buyer to independently verify zoning, future land use, lot dimensions, subdivision requirements, density, permitted uses, setbacks, utilities and all other development potential with the appropriate governmental authorities. Property is being sold as-is and is offered primarily as a redevelopment opportunity. For buyers seeking a redevelopment opportunity, the property is also being offered separately as a land/development opportunity under MLS #O6437156. Buyer to independently verify all zoning, land-use, development and building potential with the appropriate governmental authorities. This property is zoned for top-rated schools including Baldwin Park Elementary, Glenridge Middle School and Winter Park High School.
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The essentials
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Details
Districts can re-zone, so verify directly with the district before relying on these.
Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 121 closed home sales in 32807 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$450,000
$346 per sq ft
Beds and baths
3 beds, 2 baths
Size
1,301 sq ft
Time on market
51 days
Year built
1952
Monthly payment
About $2,858/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $3,431 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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