701 Lincoln Ave, Mount Dora Fl
Lake County Real Estate - Mount Dora
Mount Dora is a city in Lake County in East Central Florida. It's population as recorded in the 2010 Census was 12,370. Mount Dora is approximately 24 miles from Deltona (population 85,182) and around 23 miles from Sanford (population 53,570). The city is located northeast of Lake Dora and is a part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area.
Mount Dora gets its name from from Lake Dora, named for Ms. Dora Ann Drawdy, and was officially named Mount Dora because of its elevation of 184 feet above sea level. The city features both rural and urban areas, and is home to the Donnelly House, a historic home located on Donnelly Avenue. Mount Dora's real estate is more upmarket compared to the rest of Lake County. The city's median income for a family in 2014 was approximately $46,000.
The median age for residents of Mount Dora is 47.9. Around 22.3% of Mount Dora households include school aged children and 39.9% of households include individuals aged 65 years or over. Census records indicate 77.4% of the Mount Dora population are White, 15.6% are Black or African American, .4% American Indian, 1.8% Asian and 1.8% are Two or more Races.
There are 6,942 housing units in Mount Dora. 1,357 (19.5%) of these were reported as vacant in the 2010 Census. There are 3,062 residential rental units in Mount Dora. 2,413 of them were occupied in 2010 providing a residential rental vacancy rate of 20.6%.
Mount Dora 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 | |
|---|---|---|---|---|
| 703 Lincoln Ave | Single Family | 1,160 | B |
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| 1316 Clayton St | Single Family | 1,434 | B |
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| 755 Lincoln Ave | Single Family | 1,150 | B |
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| 350 Lincoln Ave | Multi-family - 10 units or more | 55,140 | B |
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| 1311 North Clayton St | Single Family | 1,040 | B |
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| 699 Lincoln Ave | Single Family | 1,352 | B |
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| 700 East Lincoln Ave | Single Family | 1,040 | B |
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| 708 Florida Ave | Single Family | 252 | B |
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| 1329 North Clayton St | Single Family | 616 | B |
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| 1395 Johns St | Single Family | 850 | B |
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| 799 Lincoln Ave | Single Family | 1,092 | B |
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| 758 Florida St | Single Family | 850 | B |
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| 1290 Clayton St | Single Family | 1,092 | B |
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| North Clayton St | Government Undefined | 0 | L | |
| 798 Florida Ave | Single Family | 858 | B |
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| 731 East 12th Ave | Single Family | 2,256 | B |
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| 801 Lincoln Ave | Single Family | 1,744 | B |
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| 705 East 12th Ave | Single Family | 536 | B |
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| 603 Lincoln Ave | Single Family | 1,322 | B |
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| 733 Florida Ave | Single Family | 1,325 | B |
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| 1316 Gorham Ave | Single Family | 1,112 | B |
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| 808 Lincoln Ave | Single Family | 1,066 | B |
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| 813 Lincoln Ave | Single Family | 1,400 | B |
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| 533 East Lincoln Ave | Single Family | 1,432 | B |
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| 1470 North Clayton St | Club, lodge or union hall | 1,120 | C |
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| 1408 Gorham St | Single Family | 972 | B |
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| 1319 Gorham St | Single Family | 780 | C |
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| 1465 Clayton St | Single Family | 1,274 | B |
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| 810 Lincoln Ave | Single Family | 1,524 | B |
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| 803 East Florida Ave | Municipal Owned | 3,256 | B |
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| 1410 Gorham St | Single Family | 1,316 | 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 12 of all properties in this area. This suggests it would appeal to someone earning around $21,112 per year who should qualify for a mortgage between $42,224 and $52,780.
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 12 of all properties in this area. This corresponds to a rent of $539 per month and a monthly household income of $1,934 ($23,208 per year)