31301 Summit St, Sorrento Fl
Lake County Real Estate - Sorrento
Sorrento is in East Central Florida. It's population as recorded in the 2010 Census was 861. Sorrento is approximately 22 miles from Orlando (population 238,300) and around 19 miles from Deltona (population 85,182).
The median age for residents of Sorrento is 33.7. Around 39.8% of Sorrento households include school aged children and 24.2% of households include individuals aged 65 years or over. Census records indicate 76.4% of the Sorrento population are White, 2.4% are Black or African American, 11.8% American Indian, .2% Asian and 2.9% are Two or more Races. Sorrento has a significant Hispanic population. 30.4% (262) of Sorrento residents are of Hispanic or Latino origin. Of these 79.38% are of Mexican origin, 7.63% Puerto Rican, .76% Cuban and 12.21% are of other Hispanic or Latino origin.
There are 318 housing units in Sorrento. 42 (13.2%) of these were reported as vacant in the 2010 Census. There are 111 residential rental units in Sorrento. 97 of them were occupied in 2010 providing a residential rental vacancy rate of 12.6%.
Sorrento 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 | |
|---|---|---|---|---|
| 31313 Summit St | Single Family | 1,092 | B |
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| 31302 Orange St | Single Family | 816 | B |
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| 31250 Orange St | Single Family | 1,260 | B |
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| 31239 Summit St | Single Family | 1,152 | C |
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| 31314 Orange St | Single Family | 1,092 | B |
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| 31321 Summit St | Single Family | 1,092 | B |
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| 31240 Orange St | Single Family | 1,061 | B |
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| 31302 Summit St | Single Family | 616 | B |
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| 31322 Orange St | Single Family | 1,452 | B |
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| 31318 Summit St | Single Family | 480 | B |
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| 31242 Summit St | Single Family | 1,164 | B |
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| 31331 Summit St | Single Family | 1,092 | B |
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| 31320 Summit St | Single Family | 1,122 | B |
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| 31301 Lawrence St | Single Family | 1,709 | B |
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| 23545 Franklin Ave | Single Family | 925 | B |
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| 31249 Lawrence St | Single Family | 1,612 | B |
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| 23518 Franklin Ave | Mobile Home | 1,456 | B |
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| 23504 Franklin Ave | Single Family | 1,396 | B |
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| 31334 Summit St | Single Family | 1,295 | B |
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| 31336 Orange St | Single Family | 1,392 | B |
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| 23522 Franklin Ave | Vacant Residential | 0 | L | |
| 31400 Summit St | Single Family | 1,275 | B |
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| 31351 Summit St | Single Family | 2,082 | B |
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| 31333 Lawrence St | Single Family | 600 | 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 13 of all properties in this area. This suggests it would appeal to someone earning around $22,316 per year who should qualify for a mortgage between $44,632 and $55,790.
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 13 of all properties in this area. This corresponds to a rent of $553 per month and a monthly household income of $1,971 ($23,652 per year)
Nearby Companies
31351 Summit St
31351 Summit St