614 Richmond St, Orlando
Orange County Real Estate - Orlando
Orlando
Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios, Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51 million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart Stores.
Orlando is in East Central Florida. It's population as recorded in the 2010 Census was 238,300.
The median age for residents of Orlando is 32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian, 3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other Hispanic or Latino origin.
There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.
Orlando links:
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Orange County
Orange County is part of the East Central Florida region along with Brevard, Volusia, Sumter, Seminole, Lake, and Osceola Counties. With a population over 1.1 million, Orange is the fifth most populous county in Florida. Incorporated municipalities include Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park, Eatonville, Oakland, and Windermere.
Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's primary industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida.
For many in the United States and across the world, Orlando is synonymous with the Walt Disney World Resort. Indeed, Disney produced a study indicating that the resort and businesses associated with it were responsible for an $18 billion economic impact, 2.5% of the GDP of the state of Florida. The Greater Orlando area also hosts the Universal Orlando theme parks, each of which features a Harry Potter-themed section. In addition, numerous tourist attractions exist, mostly catering to a family audience, such as miniature golf courses, arcades, and amusement parks.
Greater Orlando has a business side, too. Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. UCF has a partnership with the Central Florida Research Park, the seventh-largest research park in the country, located next close to the university. Orlando is an important city for the military, including pilot training with its varied flight simulators and production facilities. Madden NFL Football, the most popular video game franchise in the country, is created in Orlando by Electronic Arts.
As its name implies, rural Orange County is a center of citrus production. Much of the land is given over to orange groves. Apopka hosts a Minute Maid juice flavoring plant.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 610 Richmond St | Single Family | 2,638 | A |
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| 624 Richmond St | Single Family | 2,192 | A |
|
| 617 Florida St | Single Family | 2,582 | B |
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| 606 Richmond St | Single Family | 1,403 | B |
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| 615 Florida St | Single Family | 2,024 | B |
|
| 623 Florida St | Single Family | 2,771 | B |
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| 918s Summerlin Ave | Single Family | 5,180 | C |
|
| 615 Richmond St | Single Family | 1,543 | B |
|
| 600 Richmond St | Single Family | 2,434 | B |
|
| 605 Florida St | Single Family | 1,727 | B |
|
| 609 Richmond St | Single Family | 1,812 | C |
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| 912s Summerlin Ave | Single Family | 0 | C | |
| 605 Richmond St | Single Family | 2,590 | B |
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| 525 Florida St | Single Family | 2,871 | B |
|
| 601 Richmond St | Single Family | 1,792 | B |
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| 706s Lake Davis Dr | Single Family | 3,374 | A |
|
| 1011s Summerlin Ave | Single Family | 1,875 | B |
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| 520 Richmond St | Single Family | 3,264 | A |
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| 908s Summerlin Ave | Single Family | 2,543 | C |
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| 525 Richmond St | Single Family | 2,264 | B |
|
| 620 Florida St | Multi-family - 10 units or more | 8,125 | B |
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| 521 Florida St | Single Family | 1,765 | B |
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| 1017s Summerlin Ave | Vacant Residential | 0 | L | |
| 902s Summerlin Ave | Single Family | 4,178 | C |
|
| 602 Florida St | Multi-family - less than 10 units | 3,024 | B |
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| 712s Lake Davis Dr | Single Family | 1,610 | B |
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| 610e Gore St | Single Family | 3,465 | C |
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| 626 Florida St | Single Family | 2,513 | B |
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| 518 Richmond St | Single Family | 3,374 | C |
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| 521 Richmond St | Single Family | 2,288 | C |
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| 604e Gore St | Vacant Residential | 0 | L | |
| 1023s Summerlin Ave | Single Family | 1,148 | B |
|
| 600 Florida St | Single Family | 3,484 | A |
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| 600e Gore St | Single Family | 2,625 | B |
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| 515 Florida St | Single Family | 2,546 | B |
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| 526 Florida St | Single Family | 2,165 | B |
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| 526e Gore St | Single Family | 3,361 | C |
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| 517 Richmond St | Single Family | 2,583 | B |
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| 718s Lake Davis Dr | Single Family | 2,717 | B |
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Local Household Income
The median household income in this part of Florida is $43,961. The bottom 10% of the population earn less than $12,655 per year. The top 10% earn more than $121,326 per year. The top 1% earn more than $417,904 per year. Most renters earn between $25,080 (20th percentile) and $45,336 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $87,922 and $109,903.
The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $293,700 per year who should qualify for a mortgage between $587,400 and $734,250.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $960. Most renters earn between $2,090 and $3,778 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $719 (20th percentile) to $1,273 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $2,109 per month and a monthly household income of $5,689 ($68,268 per year)
Nearby Companies
517 Richmond St
600 E Gore St
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605 E Gore St
624 Richmond St
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718 S Lake Davis Dr
718 S Lake Davis Dr
718 S Lake Davis Dr
718 S Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
724 Lake Davis Dr
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604 Florida St
626 Florida St
706 Florida St
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