16907 Ridgewood Ave, Montverde Fl
Lake County Real Estate - Montverde
Montverde is in East Central Florida. It's population as recorded in the 2010 Census was 1,463. Montverde is approximately 18 miles from Orlando (population 238,300) and around 11 miles from Apopka (population 41,542).
The median age for residents of Montverde is 42.2. Around 34.4% of Montverde households include school aged children and 23.4% of households include individuals aged 65 years or over. Census records indicate 92.5% of the Montverde population are White, 2% are Black or African American, .4% American Indian, 1.3% Asian and 2.1% are Two or more Races.
There are 615 housing units in Montverde. 66 (10.7%) of these were reported as vacant in the 2010 Census. Montverde is a tourist destination, 28.7% (19) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 92 residential rental units in Montverde. 86 of them were occupied in 2010 providing a residential rental vacancy rate of 4.3%.
Montverde 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 | |
|---|---|---|---|---|
| 16751 County Road 455 | Single Family | 1,248 | B |
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| 16841 Ridgewood Ave | Single Family | 2,489 | B |
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| 16912 Ridgewood Ave | Government Undefined | 0 | L | |
| 16850 Ridgewood Ave | Single Family | 1,213 | B |
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| 16746 County Road 455 | Single Family | 1,780 | B |
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| 16829 Ridgewood Ave | Single Family | 3,108 | B |
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| 16836 Ridgewood Ave | Mobile Home | 1,782 | B |
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| 16805 Eighth St | Single Family | 1,248 | B |
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| 16707 County Road 455 | Single Family | 1,553 | B |
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| 16649 Morningside Dr | Single Family | 903 | B |
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| 16944 Ridgewood Ave | Single Family | 2,565 | B |
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| 16817 Ridgewood Ave | Single Family | 1,326 | B |
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| 16824 Ridgewood Ave | Single Family | 2,080 | C |
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| 16823 8th St | Single Family | 2,443 | 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 63 of all properties in this area. This suggests it would appeal to someone earning around $75,222 per year who should qualify for a mortgage between $150,444 and $188,055.
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 63 of all properties in this area. This corresponds to a rent of $1,144 per month and a monthly household income of $3,346 ($40,152 per year)
Nearby Companies
16751 Hwy 455
16841 Ridgewood Ave
16841 Ridgewood Ave
16841 Ridgewood Ave