1649 Magnolia Ave, Winter Park
Orange County Real Estate - Winter Park
Winter Park is in East Central Florida. It's population as recorded in the 2010 Census was 27,852. Winter Park is approximately 5 miles from Orlando (population 238,300) and around 21 miles from Deltona (population 85,182).
The median age for residents of Winter Park is 44.3. Around 23.3% of Winter Park households include school aged children and 32.7% of households include individuals aged 65 years or over. Census records indicate 86.9% of the Winter Park population are White, 7.5% are Black or African American, .1% American Indian, 2.3% Asian and 1.8% are Two or more Races.
There are 13,626 housing units in Winter Park. 1,398 (10.2%) of these were reported as vacant in the 2010 Census. There are 4,822 residential rental units in Winter Park. 4,320 of them were occupied in 2010 providing a residential rental vacancy rate of 10%.
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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 | |
|---|---|---|---|---|
| 1637 Magnolia Ave | Single Family | 1,649 | A |
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| 1661 Magnolia Ave | Single Family | 3,415 | C |
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| 1625 Magnolia Ave | Single Family | 2,256 | C |
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| 1673 Magnolia Ave | Single Family | 2,606 | A |
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| 1632 Hibiscus Ave | Single Family | 1,715 | A |
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| 1624 Hibiscus Ave | Single Family | 3,285 | C |
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| 1616 Hibiscus Ave | Single Family | 1,214 | B |
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| 1640 Hibiscus Ave | Single Family | 3,591 | C |
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| 1648 Magnolia Ave | Single Family | 1,462 | A |
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| 1660 Magnolia Ave | Single Family | 1,219 | A |
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| 1636 Magnolia Ave | Single Family | 1,542 | A |
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| 1613 Magnolia Ave | Single Family | 1,582 | A |
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| 1608 Hibiscus Ave | Single Family | 2,965 | C |
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| 1672 Magnolia Ave | Single Family | 2,748 | A |
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| 1624 Magnolia Ave | Vacant Residential | 1,467 | L |
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| 1685 Magnolia Ave | Single Family | 3,616 | C |
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| 1644 Hibiscus Ave | Single Family | 2,644 | C |
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| 1601 Magnolia Ave | Single Family | 3,302 | B |
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| 1612 Magnolia Ave | Single Family | 0 | B | |
| 1680 Magnolia Ave | Single Family | 4,189 | C |
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| 1600 Hibiscus Ave | Single Family | 1,645 | A |
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| 1641 Oneco Ave | Single Family | 1,458 | A |
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| 1631 Oneco Ave | Single Family | 1,787 | A |
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| 1633 Hibiscus Ave | Single Family | 1,971 | A |
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| 1625 Hibiscus Ave | Single Family | 2,569 | C |
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| 1651 Oneco Ave | Single Family | 1,661 | C |
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| 1600 Magnolia Ave | Single Family | 2,319 | A |
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| 1701 Magnolia Ave | Single Family | 1,559 | A |
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| 1581 Magnolia Ave | Single Family | 2,481 | B |
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| 1641 Hibiscus Ave | Single Family | 3,987 | A |
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| 1617 Hibiscus Ave | Single Family | 1,827 | A |
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| 1621 Oneco Ave | Single Family | 1,918 | C |
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| 1658 Hibiscus Ave | Single Family | 1,613 | A |
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| 1661 Oneco Ave | Vacant Residential | 1,659 | L |
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| 1590 Hibiscus Ave | Single Family | 3,250 | C |
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| 1700 Magnolia Ave | Single Family | 4,795 | C |
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| 1649 Hibiscus Ave | Single Family | 2,513 | A |
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| 1611 Oneco Ave | Single Family | 2,061 | A |
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| 1580 Magnolia Ave | Single Family | 1,730 | C |
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| 1671 Oneco Ave | Single Family | 3,578 | C |
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| 1571 Magnolia Ave | Single Family | 1,080 | A |
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| 1719 Magnolia Ave | Single Family | 1,488 | C |
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| 1657 Hibiscus Ave | Single Family | 2,595 | C |
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| 1601 Hibiscus Ave | Single Family | 2,438 | A |
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| 1601 Oneco Ave | Single Family | 2,325 | A |
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| 1666 Hibiscus Ave | Single Family | 1,338 | B |
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| 1681 Oneco Ave | Single Family | 1,796 | A |
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| 1570 Magnolia Ave | Single Family | 1,086 | A |
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| 1550 Hibiscus Ave | Single Family | 2,925 | C |
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Local Household Income
The median household income in this part of Florida is $76,037. The bottom 10% of the population earn less than $19,985 per year. The top 10% earn more than $248,864 per year. The top 1% earn more than $637,787 per year. Most renters earn between $31,392 (20th percentile) and $59,148 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $152,074 and $190,093.
The tax assessed value of this property places it in percentile 66 of all properties in this area. This suggests it would appeal to someone earning around $109,632 per year who should qualify for a mortgage between $219,264 and $274,080.
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 $1,033. Most renters earn between $2,616 and $4,929 per month. They typically spend 32% of their monthly income on rent. Most rents fall in the $771 (20th percentile) to $1,445 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 66 of all properties in this area. This corresponds to a rent of $1,192 per month and a monthly household income of $4,037 ($48,444 per year)
Nearby Companies
1601 Hibiscus Ave
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1601 Hibiscus Ave
1650 Oneco Ave
1650 Oneco Ave
1650 Oneco Ave
1651 Oneco Ave
1651 Oneco Ave
1672 Magnolia Ave
1672 Magnolia Ave
1581 Magnolia Ave
1673 Magnolia Ave
1673 Magnolia Ave
1608 Hibiscus Ave
1608 Hibiscus Ave
1600 Hibiscus Ave
1675 Hibiscus Ave
1689 Hibiscus Ave
1718 Magnolia Ave