702 East Mcdonald Ave, 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 | |
|---|---|---|---|---|
| 704 East Mcdonald Ave | Single Family | 1,068 | B |
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| 706 East Mc Donald Ave | Single Family | 1,380 | B |
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| 703 East Magnolia Ave | Multi-family - less than 10 units | 2,240 | B |
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| 715 Magnolia Ave | Single Family | 996 | B |
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| 726 Mc Donald Ave | Single Family | 1,375 | B |
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| 617 Magnolia St | Government Undefined | 0 | L | |
| 725 East Mc Donald Ave | Church | 2,000 | B |
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| 625 East Mc Donald Ave | Single Family | 1,350 | B |
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| 127 North Mary St | Single Family | 1,360 | B |
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| 25 North Salem St | Single Family | 954 | C |
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| 123 Mary St | Single Family | 1,124 | B |
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| 216 North Salem St | Single Family | 823 | B |
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| 215 North Salem St | Single Family | 972 | B |
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| 714 East Clifford Ave | Single Family | 1,297 | B |
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| 613 East Mac Donald Ave | Single Family | 720 | B |
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| 728 Clifford Ave | Single Family | 1,053 | B |
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| East Magnolia Ave | Government Undefined | 0 | L | |
| 231 Prescott St | Single Family | 3,372 | B |
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| 603 Mac Donald Ave | Single Family | 1,026 | B |
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| 818 Mc Donald Ave | Vacant Residential | 948 | L |
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| 27 Mary St | Single Family | 1,944 | B |
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| 105 North Mary St | Single Family | 1,376 | B |
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| 719 E Orange Ave | Church | 8,020 | B |
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| 125 North Mary St | Single Family | 1,098 | B |
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| 215 North Prescott St | Single Family | 1,324 | B |
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| 19 Mary St | Single Family | 713 | C |
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| 221 Clifford Ave | Single Family | 1,400 | B |
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| 719 East Orange Ave | Vacant Institutional Property | 0 | L | |
| 106 N Salem St | Multi-family - less than 10 units | 3,360 | B |
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| 824 Mc Donald Ave | Government Undefined | 0 | L |
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 19 of all properties in this area. This suggests it would appeal to someone earning around $28,081 per year who should qualify for a mortgage between $56,162 and $70,203.
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 19 of all properties in this area. This corresponds to a rent of $640 per month and a monthly household income of $2,179 ($26,148 per year)
Nearby Companies
728 E Clifford Ave
725 East Mcdonald Ave
832 East Mcdonald Ave
1318 Magnolia Ave
105 N Mary St