Development Opportunity in Prime Lakefront Property Multifamily Development Excellent development opportunity in the thriving city of Orlando, Florida. Located at 643 W Oak Ridge Rd, Orlando, FL 32809, this buildable lakefront land offers immense development potential for a small multifamily or mixed-use project. Project Overview: • Land Size: Approximately 3.27 acres, considering the presence of lakefront and small wetland areas. Buildable area 1.6 acres. • Potential Use: Multifamily Residential project, Single Family Residential project, Mixed-Use Project • Location: Lakefront property with road frontage on Oak Ridge Rd. • Utilities: Both sewer and water connections available at land border • Completed Surveys and Due diligence: A survey and CONSERVATION AREA DETERMINATION have already been completed. High and normal water line marked. Utilities availability map obtained. • Preconstruction Meeting: Previous entitlement project make the county interested in developing this land. • Entitlements Status: in 2004 entitled for single family development (6 Single family houses) • Development Opportunity: The county is in the final stages of adopting new development plan and building code this year. This lot is currently residential R3 zoning, per new code it will get T4.3 High Intensity Neighborhood designation with wide range of further potential designations and uses: low, medium and high intensity mixed use.
Directions: From S Orange Blossom trail head north to W Oak Ridge Rd, the property is right in front of Oak Ridge High School and beside Sunoco Gas Station.
Price Information
Listing Price Info
Price Summary:
List Price: $750,000
Tax Information:
Annual Amount: $2,667
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Orlando, FL.
This property is $357.6K more than the Median Sold Price in Orlando, FL.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MFRMLS
MLS Number: #O6194756
Listing Office:
Office Name: UNITED REAL ESTATE PREFERRED
Office Phone: (407) 243-8840
Listing Agent: Alina Shulga
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.
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. Last updated on: 11/17/2024, 6:19:54 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
DATE
EVENT
PRICE
May 05, 2004
May 05, 2004Home Sold
$350,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$2,667
$160,664
2018
$2,742
$160,664
2017
$2,772
$160,664
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$3,811
Per Month
Principal & Interest
$3,744
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$2,315
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Lancaster Elementary School
6700 Sheryl Ann Dr
Distance between this listing and this school0.89 miles
Public District Grades PK-5
4
/10
Winegard Elementary School
7055 Winegard Rd
Distance between this listing and this school1.32 miles
Public District Grades PK-5
5
/10
Palmetto Elementary School
2015 Duskin Ave
Distance between this listing and this school1.39 miles
Public District Grades PK-5
Nearby Schools
3
/10
Walker Middle School
150 Amidon Ln
Distance between this listing and this school0.93 miles
Public District Grades 6-8
8
/10
Cornerstone Academy Charter
5903 Randolph Ave
Distance between this listing and this school1.13 miles
Public Charter Grades KG-8
4
/10
Westridge Middle School
3800 W Oak Ridge Rd
Distance between this listing and this school2.16 miles
Public District Grades 6-8
Nearby Schools
2
/10
Oak Ridge High School
700 W Oak Ridge Rd
Distance between this listing and this school0.02 miles
Public Magnet Grades 9-12
1
/10
Chancery High Charter
7001 S Orange Blossom Trl
Distance between this listing and this school0.79 miles
Public Charter Grades 9-12
6
/10
Cornerstone Charter Academy High School
5903 Randolph Ave
Distance between this listing and this school1.13 miles
The neighbors living near this home have an average income of $40,791. Most Orlando, FL residents have annual incomes less than $35k. Most families are single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 643 W Oak Ridge Rd
What is the listing price of this property?
The listing price of 643 W Oak Ridge Rd property is $750,000.
What type of property is this?
The property 643 W Oak Ridge Rd is land located in Orlando, Florida, 32809.
Is this property for sale now?
Active Listing: 643 W Oak Ridge Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $2,667 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 5, 2004 for $350,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 643 W Oak Ridge Rd in Orlando, FL and zip code 32809 in the Sky Lake neighborhood. This home sits on a 3.27 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $750,000.
Orlando, FL housing market in October 2024 saw over 70 listings sold above listed price, more than 128 sold at listed price and over 444 sold below. The inventory of homes for sale in Orlando, FL between September 2024 and October 2024 decreased by 0.1%. While the average time on the market in October 2024 was 48 days, the median list price was $392,389.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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.
Pro Boxing
Pro Boxing
NHRA Drag Racing
Mexican League Soccer
Family Dollar
Big Lots
Burlington
White Castle
Golden Corral
Church's Chicken
Chevrolet
Kia
Buick
Rock
Adult Standards
Urban Adult Contemporary