38724 Oak Place Ct, Lady Lake Fl
Lake County Real Estate - Lady Lake
Lady Lake is in East Central Florida. It's population as recorded in the 2010 Census was 13,926. Lady Lake is approximately 23 miles from Ocala (population 56,315) and around 5 miles from The Villages (population 51,442).
The median age for residents of Lady Lake is 66.5. Around 11.5% of Lady Lake households include school aged children and 67.2% of households include individuals aged 65 years or over. Census records indicate 90.8% of the Lady Lake population are White, 5% are Black or African American, .3% American Indian, 1% Asian and 1.2% are Two or more Races.
There are 8,865 housing units in Lady Lake. 1,644 (18.5%) of these were reported as vacant in the 2010 Census. Lady Lake is a tourist destination, 38.1% (627) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,242 residential rental units in Lady Lake. 1,623 of them were occupied in 2010 providing a residential rental vacancy rate of 25.3%.
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Lake County
Lake County is located in the east central Florida region, along with Brevard, Orange, Volusia, Sumter, Seminole, and Osceola counties. Cities of Lake County include Astatula, Clermont, Eustis, Fruitland Park, Groveland, Lady Lake, Leesburg, Mascotte, Minneola, Montverde, Mount Dora, Tavares, and Umatilla. Lake County has approximately 1,400 named lakes. It is home to around 300,000 people. About one in four residents are over the age of 65.
Top industries in Lake County are retail, healthcare, construction, and food services. Major private sector employers for Lake County are Leesburg Regional Medical Center, Wal-Mart, Villages of Lake Sumter Inc., Florida Hospital-Waterman, and Publix Supermarkets. Top public sector employers are Lake County Public Schools, Lake County Government, and Lake County Sheriff's Department.
The county seat is Tavares, a city with a population over 12,000. A third of the people who live in Tavares are over age 65. The city?s economic strength lies in services, especially healthcare and retail.
Leesburg is a city of over 20,000. Nestled among the Harris Chain of Lakes, maritime recreational opportunities abound, including boating and fishing.The area hosts many full-service retirement communities. The Leesburg Regional Airport features two runways for general aviaion craft.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 38728 Oak Place Ct | Single Family | 2,333 | B |
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| 38720 Oak Place Ct | Single Family | 2,932 | B |
|
| 38716 Oak Place Ct | Single Family | 2,500 | B |
|
| 38723 Oak Place Ct | Single Family | 0 | B | |
| 38719 Oak Place Ct | Single Family | 1,742 | B |
|
| 38727 Oak Place Ct | Single Family | 1,977 | B |
|
| 5430 Emerald Bay Ln | Single Family | 2,518 | B |
|
| 38712 Oak Place Ct | Single Family | 2,291 | B |
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| 38715 Oak Place Ct | Vacant Residential | 0 | L | |
| 5425 Emerald Bay Ln | Single Family | 2,617 | B |
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| 5421 Emerald Bay Ln | Single Family | 2,428 | B |
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| 38708 Oak Place Ct | Single Family | 2,363 | B |
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| 5434 Emerald Bay Ln | Single Family | 3,613 | B |
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| 5429 Emerald Bay Ln | Single Family | 0 | B | |
| 38711 Oak Place Ct | Single Family | 1,742 | B |
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| 5417 Emerald Bay Ln | Vacant Residential | 0 | L | |
| 38738 Sulen Rd | Single Family | 3,308 | B |
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| 5416 Emerald Bay Ln | Single Family | 2,837 | B |
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| 38704 Oak Place Ct | Single Family | 2,291 | B |
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| 5433 Emerald Bay Ln | Single Family | 2,500 | B |
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| 38705 Oak Place Ct | Single Family | 2,362 | B |
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| 5438 Emeral Bay Ln | Single Family | 2,371 | B |
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| 5437 Emerald Bay Ln | Single Family | 3,932 | B |
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| 5425 Sandy Hill Ln | Single Family | 5,423 | B |
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| 5411 Emerald Bay Ln | Single Family | 2,056 | B |
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Local Household Income
The median household income in this part of Florida is $59,480. The bottom 10% of the population earn less than $23,412 per year. The top 10% earn more than $133,921 per year. The top 1% earn more than $386,477 per year. Most renters earn between $26,916 (20th percentile) and $46,824 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $118,960 and $148,700.
The tax assessed value of this property places it in percentile 89 of all properties in this area. This suggests it would appeal to someone earning around $129,604 per year who should qualify for a mortgage between $259,208 and $324,010.
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 $1,014. Most renters earn between $2,243 and $3,902 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $752 (20th percentile) to $1,392 (80th percentile) range. The residential vacancy rate is 12%.
This property falls in percentile 89 of all properties in this area. This corresponds to a rent of $1,726 per month and a monthly household income of $4,694 ($56,328 per year)
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