1251 Magnolia Farms Ct, Eustis Fl
Lake County Real Estate - Eustis
Eustis is a city in Lake County in East Central Florida. It's population as recorded in the 2010 Census was 18,558. Eustis is approximately 20 miles from The Villages (population 51,442) and around 15 miles from Apopka (population 41,542). Located east of Lake Eustis, the city is part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.
Eustis is known as the "Orange Capital of the World" because of its prevalence in the citrus industry. The Unites States Department of Agriculture has a research station there devoted to studying plant disease. Eustis is home to outdoor rural attractions such as the Trout Lake Nature Center and Central Florida Nature Adventures. The town is also a center for nearby communities of Rural East Lake County. Some of these communities include Cassia and Pine Lakes. The city's median family income in 2014 was about $40,000 a year.
The median age for residents of Eustis is 41.5. Around 30.7% of Eustis households include school aged children and 34.7% of households include individuals aged 65 years or over. Census records indicate 74.8% of the Eustis population are White, 17.3% are Black or African American, .4% American Indian, 1.1% Asian and 2.3% are Two or more Races.
There are 8,871 housing units in Eustis. 1,358 (15.3%) of these were reported as vacant in the 2010 Census. There are 2,925 residential rental units in Eustis. 2,509 of them were occupied in 2010 providing a residential rental vacancy rate of 13.4%.
Eustis 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 | |
|---|---|---|---|---|
| 1255 Magnolia Farms Ct | Single Family | 2,970 | B |
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| 1142 North Palm Cir | Single Family | 1,250 | B |
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| 1147 North Magnolia Cir | Single Family | 1,786 | B |
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| 26 Forest Ln | Single Family | 2,123 | B |
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| 22 Forest Ln | Single Family | 1,971 | B |
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| 1257 Magnolia Farms Ct | Single Family | 3,145 | B |
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| 18 Forest Ln | Single Family | 1,393 | B |
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| 1131 North Magnolia Dr | Single Family | 1,908 | B |
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| 27 Forest Ln | Single Family | 1,690 | B |
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| 1128 North Palm Cir | Single Family | 1,200 | B |
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| 1148 North Magnolia Cir | Single Family | 875 | B |
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| 16 Forest Ln | Single Family | 1,912 | B |
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| 1250 Magnolia Farms Ct | Single Family | 2,471 | B |
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| 25 Forest Ln | Single Family | 1,973 | B |
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| 33 Forest Ln | Vacant Residential | 0 | L | |
| 1259 Magnolia Farms Ct | Single Family | 2,914 | B |
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| 1254 Magnolia Farms Ct | Single Family | 1,932 | B |
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| 1132 North Magnolia Cir | Single Family | 1,245 | B |
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| 1110 North Palm Cir | Single Family | 1,200 | B |
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| 1115 North Magnolia Cir | Single Family | 1,512 | B |
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| 12 Forest Ln | Single Family | 2,520 | B |
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| 37 Forest Ln | Single Family | 1,291 | B |
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| 1258 Magnolia Farms Ct | Single Family | 2,390 | B |
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| 1114 North Magnolia Cir | Single Family | 1,629 | B |
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| 1131 North Palmetto Circle | Single Family | 1,429 | B |
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| 1060 North Palm Cir | Single Family | 1,366 | C |
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| 1263 Magnolia Farms Ct | Single Family | 800 | B |
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| 13 Forest Ln | Single Family | 1,930 | B |
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| 39 Forest Ln | Single Family | 1,627 | B |
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| 50 Forest Ln | Single Family | 1,522 | B |
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| 1049 North Magnolia Cir | Single Family | 1,148 | B |
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| 1133 North Palmetto Cir | Single Family | 1,054 | B |
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| 1260 Magnolia Farms Ct | Single Family | 3,094 | B |
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| 54 Forest Ln | Single Family | 1,434 | 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 93 of all properties in this area. This suggests it would appeal to someone earning around $146,094 per year who should qualify for a mortgage between $292,188 and $365,235.
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 93 of all properties in this area. This corresponds to a rent of $1,919 per month and a monthly household income of $5,584 ($67,008 per year)
Nearby Companies
1258 Magnolia Farms Ct
1254 Magnolia Farms Ct
1131 N Magnolia Cir
12 Forest Ln