2407 Merry Rd, Tavares Fl
Lake County Real Estate - Tavares
Tavares is a city in Lake County, Florida in East Central Florida. It's population as recorded in the 2010 Census was 13,951. Tavares is approximately 19 miles from The Villages (population 51,442) and around 15 miles from Apopka (population 41,542).
Part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area, the city is located south of Lake Eustis and East of Lake Harris. Tavares was named the seat of Lake County in 1887 and is now home to the Lake County Courthouse, Lake County Tax Collector & Property Appraiser, as well as other local-government-related facilities. Today the town is home to an emerging entertainment district, as well as being named "America's Seaplane City" because of the significance of seaplanes in the city's development. In 2014 Tavares's median family income was about $36,000 a year.
The median age for residents of Tavares is 52.5. Around 19.5% of Tavares households include school aged children and 51.6% of households include individuals aged 65 years or over. Census records indicate 84.3% of the Tavares population are White, 10.1% are Black or African American, .3% American Indian, 1.6% Asian and 1.7% are Two or more Races.
There are 7,598 housing units in Tavares. 1,455 (19.1%) of these were reported as vacant in the 2010 Census. Tavares is a tourist destination, 53.2% (775) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,819 residential rental units in Tavares. 1,565 of them were occupied in 2010 providing a residential rental vacancy rate of 13.1%.
Tavares links:
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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 | |
|---|---|---|---|---|
| 2401 Merry Rd | Single Family | 1,640 | B |
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| 2413 Merry Rd | Single Family | 1,714 | B |
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| 2419 Merry Rd | Single Family | 1,772 | B |
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| 2425 Merry Rd | Single Family | 1,772 | B |
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| 2384 Barons Ct | Single Family | 1,772 | B |
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| 31641 Alane Ct | Mobile Home | 2,280 | B |
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| 31631 Alane Ct | Mobile Home | 1,836 | B |
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| 2378 Barons Ct | Single Family | 1,772 | B |
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| 2431 Merry Rd | Single Family | 1,714 | B |
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| 15405 Bettys Ct | Mobile Home | 1,566 | B |
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| 31702 Merry Rd | Single Family | 1,096 | B |
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| 31622 Merry Rd | Single Family | 1,583 | B |
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| 2437 Merry Rd | Single Family | 1,902 | B |
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| 2279 Merry Rd | Single Family | 1,562 | B |
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| 2366 Barons Ct | Single Family | 1,772 | B |
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| 31611 Alane Ct | Mobile Home | 1,404 | B |
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| 2273 Merry Rd | Single Family | 1,714 | B |
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| 31712 Merry Rd | Single Family | 1,053 | B |
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| 2443 Merry Rd | Single Family | 1,772 | B |
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| 31704 Merry Rd | Single Family | 1,133 | B |
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| 2360 Barons Ct | Single Family | 1,902 | B |
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| 2267 Merry Rd | Single Family | 1,810 | B |
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| 2480 Farringdon Dr | Single Family | 1,810 | B |
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| 15415 Betty'S Ct | Mobile Home | 1,758 | B |
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| 31630 Alane Ct | Mobile Home | 1,794 | B |
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| 2474 Farringdon Dr | Single Family | 1,562 | B |
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| 2449 Merry Rd | Single Family | 1,902 | B |
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| 31601 Alane Ct | Mobile Home | 1,040 | B |
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| 31714 Merry Rd | Single Family | 900 | B |
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| 1000 Kellogg Ave | Vacant Residential | 0 | L | |
| 31706 Merry Rd | Vacant Residential | 0 | L | |
| 2354 Barons Ct | Single Family | 1,772 | B |
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| 2261 Merry Rd | Single Family | 1,902 | B |
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| 2468 Farringdon Dr | Single Family | 1,902 | B |
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| 31618 Alane Ct | Mobile Home | 1,352 | B |
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| 2462 Farringdon Dr | Single Family | 1,772 | B |
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Local Household Income
The median household income in this part of Florida is $54,508. The bottom 10% of the population earn less than $19,472 per year. The top 10% earn more than $126,999 per year. The top 1% earn more than $446,344 per year. Most renters earn between $26,532 (20th percentile) and $49,788 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,016 and $136,270.
The tax assessed value of this property places it in percentile 48 of all properties in this area. This suggests it would appeal to someone earning around $53,089 per year who should qualify for a mortgage between $106,178 and $132,723.
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 $890. Most renters earn between $2,211 and $4,149 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $655 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 48 of all properties in this area. This corresponds to a rent of $875 per month and a monthly household income of $2,872 ($34,464 per year)