After what seems like forever, the Vue Condos downtown Orlando are finally selling again and it looks like FHA approval could be right around the corner. The only other FHA approved condo for the last year or two has been 101 Eola condos. The Vue was working on FHA underwriting last week and final approval should be any day now. What does this mean? Loans of course! Until now, most deals have had to be strictly cash but with FHA approval qualified applicants may once again be able get a mortgage. This might cause an upswing in pricing but my guess is that demand is still fairly weak so hopefully this won't happen too quickly.
Some sample inventory from the Vue at Lake Eola follows:
One bedrooms:
215 - $179,900 (939 sq ft)
403 - $195k (950 sq ft)
823 - $200k (996 sq ft)
Two Bedroom:
2108 - $279,900 (1,134 sq ft) City View
2207 - $289,900 (1,132 sq ft)
2603 - $315k (1,140 sq ft)
Corner 2/2
2112 - $365k (1,285 sq ft) City View
Corner 3/3
1701 - $595k (2,009 sq ft)
2802 - $625k (2,159 sq ft) City View
Recent sales include:
- 1609 - ($285k) Closed
- 1705 - ($292k) Closed
- 1211 - ($229k) Closed
- 2501 - ($568k) Closed
- 802 - ($313k) 10/29/10
For more information, up-to-date pricing and a tour of the Vue downtown Orlando and other condo towers, visit our downtown Orlando condo site or call us on: 407-290-3408 and we'll make sure you get the best deal in town -- along with an exclusive 1-year home warranty offered as our closing gift to you!
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