906 Red Bay Ter, Port Charlotte
Charlotte County Real Estate - Murdock
Murdock is in South West Florida. Murdock is approximately 33 miles from Cape Coral (population 154,305) and around 42 miles from Lehigh Acres (population 86,784).
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Charlotte County
Charlotte County is located in the southwest region of Florida, along with Lee and Collier County. The only incorporated municipality in Charlotte County is Punta Gorda. Other neighborhoods include Port Charlotte, Grove City, Rotonda, Cleveland, South Punta Gorda Heights, and Pirate Harbor. The county has a population in excess of 150,000.
The top industries providing employment are educational, health and social services; retail trade; arts, entertainment, recreation, accommodation and food services; and construction. Targeted industries for Charlotte County are manufacturing, communications & production of communications equipment, back office operations, marine and related industries, aircraft and avionics related industries, aquaculture and related support industries, and green technology industries. Major private sector employers in Charlotte County include Wal-Mart, Peace River Regional Medical Center, Charlotte Regional Medical Center, Publix Supermarkets, and Fawcett Memorial Hospital Inc. Top public sector employers are Charlotte County School Board, Board of County Commissioners, Charlotte County Sheriff's Office, and Charlotte Correctional Institute.
The county seat of Punta Gorda is home to over 15,000. Phosphate mining is an important part of the region?s economy. It used to be that phosphate was shipped down the Peace River to the city, but the railroad extension to Port Boca Grande headed off the need for that transit. Today, Punta Gorda?s economy is reliant on healthcare and tourism.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 912 Red Bay Ter | Single Family | 1,859 | C |
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| 900 Red Bay Ter | Vacant Residential | 0 | L | |
| 907 Bayard Ter | Single Family | 922 | C |
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| 913 Bayard Ter | Single Family | 1,567 | B |
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| 1034 Tropical Ave | Single Family | 2,109 | B |
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| 918 Red Bay Ter | Single Family | 1,858 | C |
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| 907 Red Bay Ter | Single Family | 952 | C |
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| 913 Red Bay Ter | Vacant Residential | 0 | L | |
| 901 Red Bay Ter | Vacant Residential | 0 | L | |
| 919 Bayard Ter | Vacant Residential | 0 | L | |
| 925 Bayard Ter | Single Family | 1,895 | C |
|
| 919 Red Bay Ter | Single Family | 2,266 | B |
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| 1033 Tropical Ave | Single Family | 1,483 | C |
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| 1029 Tropical Ave | Single Family | 894 | C |
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| 924 Red Bay Ter | Single Family | 1,764 | C |
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| 1035 Tropical Ave | Single Family | 1,434 | C |
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| 906 Bayard Ter | Vacant Residential | 0 | L | |
| 925 Red Bay Ter | Vacant Residential | 0 | L | |
| 1027 Tropical Ave | Single Family | 1,616 | B |
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| 906 Phyllis Ter | Single Family | 2,792 | B |
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| 912 Bayard Ter | Single Family | 1,165 | C |
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| 900 Phyllis Ter | Single Family | 1,540 | C |
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| 1040 Tropical Ave | Single Family | 1,320 | C |
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| 918 Bayard Ter | Single Family | 1,172 | C |
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| 918 Phyllis Ter | Vacant Residential | 0 | L | |
| 931 Bayard Ter | Vacant Residential | 0 | L | |
| 1037 Tropical Ave | Vacant Residential | 0 | L | |
| 1025 Tropical Ave | Single Family | 2,715 | B |
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| 931 Red Bay Ter | Vacant Residential | 0 | L | |
| 924 Phyllis Ter | Single Family | 1,257 | B |
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| 2613 Rock Creek Dr | Single Family | 1,203 | B |
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| 2597 Rock Creek Dr | Vacant Residential | 0 | L | |
| 930 Bayard Ter | Single Family | 1,708 | B |
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| 936 Red Bay Ter | Vacant Residential | 0 | L | |
| 1039 Tropical Ave | Single Family | 1,462 | C |
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| 1023 Tropical Ave | Vacant Residential | 0 | L | |
| 2589 Rock Creek Dr | Single Family | 894 | C |
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| 937 Bayard Ter | Single Family | 1,042 | C |
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| 907 Columbia Ter | Single Family | 1,163 | C |
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| 913 Columbia Ter | Vacant Residential | 0 | L | |
| 930 Phyllis Ter | Single Family | 1,341 | B |
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| 901 Columbia Ter | Single Family | 1,192 | C |
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| 937 Red Bay Ter | Single Family | 1,922 | C |
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| 2629 Rock Creek Dr | Vacant Residential | 0 | L | |
| 919 Columbia Ter | Vacant Residential | 0 | L | |
| 2581 Rock Creek Dr | Vacant Residential | 0 | L | |
| 1041 Tropical Ave | Single Family | 1,233 | C |
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| 1021 Tropical Ave | Single Family | 1,590 | C |
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| 925 Columbia Ter | Vacant Residential | 0 | L |
Local Household Income
The median household income in this part of Florida is $54,839. The bottom 10% of the population earn less than $20,497 per year. The top 10% earn more than $125,742 per year. The top 1% earn more than $399,493 per year. Most renters earn between $26,976 (20th percentile) and $50,376 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $109,678 and $137,098.
The tax assessed value of this property places it in percentile 36 of all properties in this area. This suggests it would appeal to someone earning around $42,415 per year who should qualify for a mortgage between $84,830 and $106,038.
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 $910. Most renters earn between $2,248 and $4,198 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $670 (20th percentile) to $1,270 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 36 of all properties in this area. This corresponds to a rent of $806 per month and a monthly household income of $2,651 ($31,812 per year)
Nearby Companies
906 Phyllis Ter
1021 Tropical Ave