1331 Silver Lake Ct, Sanford
Seminole County Real Estate - Sanford
Sanford is a port city at the intersection of Lake Monroe and the St. Johns River. Sanford was incorporated in 1877. Envisioned as a transportation center, the city's founder, Henry S. Sanford, nicknamed it "the Gate City of South Florida". It became a hub for shipping agricultural products, which earned the city another nickname, "Celery City". During World War II, the city grew because of the presence of a naval air station. In 2012, the name "Sanford"received national attention because of the shooting death of Miami teenager Trayvon Martin in the city.
Sanford, a city of over 50,000, still prospers due to its coastal location, but now recreational boating occurs at marinas alongside commercial craft. The Aerosim Flight Academy is located within Orlando Sanford International Airport, the former site of Naval Air Station Sanford. Sanford's economy is primarily driven by the service sectors and construction.
The main campus of Seminole State College of Florida is located at Sanford.
Sanford is in East Central Florida. It's population as recorded in the 2010 Census was 53,570.
The median age for residents of Sanford is 32.4. Around 36.7% of Sanford households include school aged children and 19% of households include individuals aged 65 years or over. Census records indicate 57.3% of the Sanford population are White, 30.4% are Black or African American, .5% American Indian, 2.8% Asian and 3.3% are Two or more Races. Sanford has a significant Hispanic population. 20.2% (10,844) of Sanford residents are of Hispanic or Latino origin. Of these 16.37% are of Mexican origin, 51.06% Puerto Rican, 3.65% Cuban and 28.9% are of other Hispanic or Latino origin.
There are 23,061 housing units in Sanford. 2,943 (12.7%) of these were reported as vacant in the 2010 Census. There are 11,430 residential rental units in Sanford. 10,039 of them were occupied in 2010 providing a residential rental vacancy rate of 11.9%.
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Seminole County
Seminole County is located in the East Central Florida region, along with Brevard, Orange, Volusia, Sumter, Lake, and Osceola County. Cities in Seminole County include Altamonte Springs, Casselberry, Lake Mary, Longwood, Oviedo, Sanford, and Winter Springs. Seminole County?s population is over 420,000 despite being one of the geographically smallest counties in Florida.
Seminole County's major industries include agri-technology, aviation & aerospace, clean technology, and information technology. Top public sector employers in Seminole County are Seminole County Public Schools, Seminole State College of Florida, Seminole County Government, and Seminole County Sheriff Department. The largest private sector employers are Convergys, Florida Hospital, Chase Bankcard Services, Orlando Regional Healthcare, and American Automobile Association.
Known as the Historic Waterfront Gateway City because of its location at the confluence of Lake Monroe and the St. Johns River, Sanford is the seat of Seminole County. Historically a transportation hub for the production of nearby agriculture, Sanford was once known as "Celery City". Home to over 50,000, the city's economy is driven by the service industries and construction. The city's waterfront marinas are still home to commercial craft, but they also host plenty of recreational boats.
AAA (American Automobile Association) is headquartered in the unincorporated Seminole County community of Heathrow.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 3405 S Mellonville Ave | Single Family | 3,491 | B |
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| 3415 Mellonville Ave | Single Family | 6,374 | B |
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| 1330 Silver Lake Ct | Single Family | 4,227 | B |
|
| 1341 Silver Ct | Single Family | 2,853 | C |
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| 1340 Silver Lake Ct | Single Family | 1,492 | C |
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| 3375 Mellonville Ave | Single Family | 2,890 | B |
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| 3443 Mellonville Ave | Single Family | 3,524 | C |
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| 3355 S Mellonville Ave | Single Family | 5,608 | B |
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Local Household Income
The median household income in this part of Florida is $68,144. The bottom 10% of the population earn less than $19,864 per year. The top 10% earn more than $173,484 per year. The top 1% earn more than $407,050 per year. Most renters earn between $28,680 (20th percentile) and $49,980 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $136,288 and $170,360.
The tax assessed value of this property places it in percentile 98 of all properties in this area. This suggests it would appeal to someone earning around $328,775 per year who should qualify for a mortgage between $657,550 and $821,938.
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 $987. Most renters earn between $2,390 and $4,165 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $711 (20th percentile) to $1,389 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 98 of all properties in this area. This corresponds to a rent of $2,171 per month and a monthly household income of $6,084 ($73,008 per year)
Nearby Companies
1331 Silver Lake Ct
1330 Silver Lake Ct