7501 Lake Dr, Orlando
Seminole County Real Estate - Mid Florida
Mid Florida is in East Central Florida. Mid Florida is approximately 9 miles from Orlando (population 238,300) and around 9 miles from Kissimmee (population 59,682).
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Seminole County
Seminole County is located in the East Central Florida region, along with Brevard, Orange, Volusia, Sumter, Lake, and Osceola County. Cities in Seminole County include Altamonte Springs, Casselberry, Lake Mary, Longwood, Oviedo, Sanford, and Winter Springs. Seminole County?s population is over 420,000 despite being one of the geographically smallest counties in Florida.
Seminole County's major industries include agri-technology, aviation & aerospace, clean technology, and information technology. Top public sector employers in Seminole County are Seminole County Public Schools, Seminole State College of Florida, Seminole County Government, and Seminole County Sheriff Department. The largest private sector employers are Convergys, Florida Hospital, Chase Bankcard Services, Orlando Regional Healthcare, and American Automobile Association.
Known as the Historic Waterfront Gateway City because of its location at the confluence of Lake Monroe and the St. Johns River, Sanford is the seat of Seminole County. Historically a transportation hub for the production of nearby agriculture, Sanford was once known as "Celery City". Home to over 50,000, the city's economy is driven by the service industries and construction. The city's waterfront marinas are still home to commercial craft, but they also host plenty of recreational boats.
AAA (American Automobile Association) is headquartered in the unincorporated Seminole County community of Heathrow.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 7513 Lake Dr | Single Family | 4,888 | A |
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| 7427 Lake Dr | Single Family | 2,657 | B |
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| 7514 Lake Dr | Single Family Residence | 0 | B | |
| 1813 Wind Drift Rd | Single Family | 3,426 | B |
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| 1823 Wind Drift Rd | Single Family | 3,558 | B |
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| 1803 Wind Drift Rd | Single Family | 2,784 | B |
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| 7425 Lake Dr | Single Family | 5,417 | C |
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| 1741 Fulmer Rd | Single Family | 2,872 | B |
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| 1833 Wind Drift Rd | Single Family | 3,709 | A |
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| 7514 Lake Dr | Single Family | 3,150 | B |
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| 7420 Lake Dr | Single Family | 1,788 | B |
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| 1753 Wind Drift Rd | Single Family | 2,192 | B |
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| 1812 Wind Drift Rd | Single Family | 2,466 | B |
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| 7415 Lake Dr | Single Family | 6,006 | C |
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| 7416 Lake Dr | Single Family | 2,031 | B |
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| 1822 Wind Drift Rd | Single Family | 2,926 | B |
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| 7537 Lake Dr | Single Family | 2,750 | B |
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| 1731 Fulmer Rd | Single Family | 2,903 | B |
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| 1842 Wind Drift Rd | Single Family | 3,228 | A |
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Local Household Income
The median household income in this part of Florida is $52,750. The bottom 10% of the population earn less than $15,819 per year. The top 10% earn more than $140,614 per year. The top 1% earn more than $483,623 per year. Most renters earn between $25,344 (20th percentile) and $41,136 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $105,500 and $131,875.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $483,623 per year who should qualify for a mortgage between $967,246 and $1,209,058.
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 $962. Most renters earn between $2,112 and $3,428 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,259 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $2,078 per month and a monthly household income of $5,359 ($64,308 per year)