543 Grant 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 | |
|---|---|---|---|---|
| 611 Grant Ave | Single Family | 604 | C |
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| 602 East Jackson Ave | Government Undefined | 0 | L | |
| 520 Jackson Ave | Single Family | 1,152 | B |
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| 1512 North Grandview St | Single Family | 2,015 | B |
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| 650 East Jackson Ave | Single Family | 1,233 | B |
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| 600 Grant Ave | Single Family | 1,044 | B |
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| 1506 North Grandview St | Single Family | 1,200 | B |
|
| 1518 North Grandview St | Single Family | 858 | B |
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| 506 Grant Ave | Vacant Commercial | 0 | L | |
| 612 Grant Ave | Single Family | 1,259 | B |
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| 690 Jackson Ave | Single Family | 1,000 | B |
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| 623 Grant Ave | Single Family | 1,509 | C |
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| 1426 North Grandview St | Vacant Commercial | 0 | L | |
| 1414 Gorham St | Single Family | 864 | B |
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| 521 East Jackson Ave | Multi-family - less than 10 units | 4,760 | B |
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| 31610 Niles St | Vacant Residential | 0 | L | |
| 1407 Gorham St | Single Family | 780 | C |
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| 618 Grant Ave | Single Family | 1,406 | B |
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| 515 Jackson Ave | Single Family | 1,040 | B |
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| 625 Jackson Ave | Single Family | 644 | B |
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| 698 Jackson Ave | Single Family | 1,380 | B |
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| 501 East Jackson Ave | Single Family | 1,040 | B |
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| 1410 Gorham St | Single Family | 1,316 | B |
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| 1465 Clayton St | Single Family | 1,274 | B |
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| 1412 North Grandview St | Office building, non-professional service building, one story | 1,104 | B |
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| 420 Grant Ave E | Single Family | 1,008 | B |
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| 432 Jackson St | Single Family | 2,912 | B |
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| 1609 North Clayton St | Government Undefined | 0 | L | |
| 1602 Grandview St | Single Family | 1,300 | B |
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| 1408 Gorham St | Single Family | 972 | B |
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| 437 Grant Ave | Single Family | 1,156 | B |
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| 701 Grant Ave | Single Family | 1,342 | B |
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| 1512 North Clayton St | Single Family | 912 | B |
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| 427 East Jackson St | Single Family | 1,676 | B |
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| 602 Pine St | Single Family | 960 | B |
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| 522 East Pine St | Vacant Institutional Property | 0 | L | |
| East Jackson Ave | Government Undefined | 0 | L | |
| North Grandview St | 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 45 of all properties in this area. This suggests it would appeal to someone earning around $49,777 per year who should qualify for a mortgage between $99,554 and $124,443.
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 45 of all properties in this area. This corresponds to a rent of $856 per month and a monthly household income of $2,811 ($33,732 per year)