The CrestÂ at Waterford Lakes condos are nowÂ movingÂ their final 3 units. This 1999 condo conversion is one of the better communities in Orlando -Â and I’m hearing they have actually had an HOA fee reduction this year. Whoever heard of such a thing!?
The Crest at Waterford LakesÂ condominium isÂ located a mile from UCF, and is a stone’s throw fromÂ the Waterford Lakes Town Center, Lockheed Martin, Siemens and theÂ Central Florida Research Park.Â Prices below reflect a 75% discount of the original purchase prices for each of the following units:
- a) $35,000 for 1/1s (two left, HOA=$230); and,
- b) $60,000 for 3/2s (1 left, HOA=$253).
NOTE – these are foreclosure prices – but without having to deal with the bank or go through the mess of a short sale.
Two of the units are vacant, one of the one-bedrooms has a tenant, collecting $800 a month.
Also, as regular readers will know by now there is absolutely no chance of financing a condo like this in the current climate, HOWEVER, ifÂ youÂ purchase one of these units in the next week, the seller is willing to offer financing (rate depends on usual factors but expect to beÂ 6% or higher on a deal like this). Taxes yet to be determined given these low sale prices but around $1500 annually would be expected.
Two great reasons to mop up these last 3 condos. For more information, please call Condo Metropolis asap on 407-290-3408.