101 S Eola Dr # 1103, Orlando, FL 32801
1 beds · 2 baths · 980 sqft sqft
Discover downtown luxury in Orlando! This 1-bedroom, 1.5-bathroom condo on the eleventh floor of the exclusive 101 Eola building offers convenience in the sought-after South Eola District. Enjoy captivating tree-top views from the balcony, seamlessly connecting the bedroom, living/dining combo, and the modern kitchen—complete with granite countertops, new stainless steel appliances, tile floors, and chic cherry wood cabinets. The adjoining living/dining space with hardwood floors is versatile for gatherings or quiet evenings. A flex space provides options for a home office or extra storage. Retreat to the primary suite with a spa-like bath, including a jacuzzi tub and a walk-in closet. It's pet-friendly too! But that's not all—enjoy the ultimate upgrade with a new water heater, air conditioning system, and a cutting-edge smart system.The 101 Building provides a wide range of amenities for its residents, including a modern swimming pool on the 5th floor, a sunken spa, and a 24-hour fitness center. The gated garage separates the retail parking from the assigned resident parking, while additional comforts such as concierge services contribute to the overall convenience of living in the building. The location is a standout feature, with easy access to Publix, Lake Eola Park events including the Sunday farmers market, and a variety of downtown dining options. Nearby amenities include Constitution Dog Park, Orlando’s Main Public Library, the Orlando History Center, Downtown Orlando's Creative Village, the Orlando City Soccer Stadium, Cobb Plaza Movie Theater, SunRail station, Kia Center (home of the Orlando Magic), and The Dr. Phillips Center for the Performing Arts with touring Broadway shows. Great schools, nearby hospitals, convenient access to I-4, 408 Expressway, SR 417 Central FL Greenway, SR 528 (Beachline Expressway); less than 20 minutes to Orlando International Airport, Universal Studios and Walt Disney World. This condo offers an exceptional living opportunity, blending attractive features with a prime location. Your extraordinary home awaits!
Source: STELLAR #o6164822
Interest rate and monthly payment estimated based on public records.
Source: STELLAR #o6164822
Source: Public records
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Whether you have an agent or you’re just starting your search, reach out to us and we’ll help set up a home tour.
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
What is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
MLS ID: #o6164822
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.