500 East Magnolia 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 | |
|---|---|---|---|---|
| 17 Hawley St | Office building, non-professional service building, one story | 3,630 | B |
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| 526 Magnolia Ave | Multi-family - less than 10 units | 1,728 | B |
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| 428 Magnolia Ave | Church | 432 | C |
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| 517 East Orange Ave | Single Family | 1,527 | C |
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| 532 East Magnolia Ave | Single Family | 950 | B |
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| 425 East Orange Ave | Single Family | 2,740 | B |
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| 429 Magnolia Ave | Single Family | 2,008 | B |
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| 525 East Orange Ave | Multi-family - less than 10 units | 2,386 | B |
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| 550 East Magnolia Ave | Private school or college | 8,630 | B |
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| 419 East Orange Ave | Single Family | 1,310 | B |
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| 125 North Mary St | Single Family | 1,098 | B |
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| 413 East Orange Ave | Office building, non-professional service building, one story | 1,363 | B |
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| 33 North Center St | Professional service building | 3,908 | B |
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| 128 North Hawley St | Single Family | 777 | B |
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| 105 North Mary St | Single Family | 1,376 | B |
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| 504 Orange Ave | Municipal Owned | 1,640 | B |
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| 411 East Magnolia Ave | Single Family | 1,984 | B |
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| 510 Orange Ave | Multi-family - less than 10 units | 1,760 | B |
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| 520 East Orange Ave | Single Family | 1,089 | B |
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| 315 East Orange Ave | Vacant Institutional Property | 0 | L | |
| 405 Mc Donald Ave | Multi-family - less than 10 units | 3,536 | B |
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| 428 East Orange Ave | Single Family | 1,632 | B |
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| 27 Mary St | Single Family | 1,944 | B |
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| 19 Mary St | Single Family | 713 | C |
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| 17 Mary St | Single Family | 1,312 | B |
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| 15 South Hawley St | Government Undefined | 896 | L |
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| 424 East Orange Ave | Single Family | 3,307 | C |
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| 405 East Magnolia Ave | Multi-family - less than 10 units | 2,876 | B |
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| 603 East Orange Ave | Single Family | 2,109 | B |
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| 526 East Orange Ave | Single Family | 1,410 | B |
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| 123 Mary St | Single Family | 1,124 | B |
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| 406 East Orange Ave | Multi-family - less than 10 units | 2,520 | B |
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| 119 North Center St | Single Family | 859 | B |
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| 18 South Hawley St | Single Family | 1,731 | B |
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| 627 Orange Ave | Multi-family - less than 10 units | 2,240 | B |
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| 505 East Citrus Ave | Single Family | 1,820 | B |
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| 20 South Mary St | Multi-family - less than 10 units | 1,080 | B |
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| 600 East Orange Ave | Vacant Residential | 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 29 of all properties in this area. This suggests it would appeal to someone earning around $36,271 per year who should qualify for a mortgage between $72,542 and $90,678.
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 29 of all properties in this area. This corresponds to a rent of $738 per month and a monthly household income of $2,432 ($29,184 per year)
Nearby Companies
503 E Orange Ave
411 E Magnolia Ave
411 E Magnolia Ave
411 E Magnolia Ave
413 East Orange Ave
315 East Orange Ave
419 E Orange Ave
419 E Orange Ave
105 N Mary St