101 S EOLA DR # 1103, Orlando, FL 32801
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!
You may be able to put down less than the total down payment amount of $182,720 and have the rest of the funds financed with a 2nd mortgage from a lender. 4
Location
Details
How it works
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Tour
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.
Offer
Roam works with you, your agent, and the listing agent to prepare a mortgage assumption agreement and finalize all details.
Close
Roam coordinates all parts of the transaction and keeps all parties up to date to provide a seamless 45-day close.
Who can qualify
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.
Frequently asked questions
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.
Will an assumption work for me?
An assumption might be a suitable option for you if you meet the lender’s qualifications. We also offer Roam Boost to help buyers reduce the down payment required to a minimum of 5-15%. See below for more FAQs specific to Roam Boost.
Why do buyers use Roam?
Assuming a mortgage can seem complex and unfamiliar. We simplify the process by providing white-glove support and expertise at every step.
Roam helps home buyers find and purchase homes with a low-rate assumable mortgage included. Once you find your dream home, Roam manages the process of assuming a low-interest rate mortgage, helping buyers save thousands a year on mortgage payments compared to buying with a traditional mortgage at today’s rates. On average, buyers who use Roam save $15,000 in mortgage payments annually.
MLS ID: #o6164822