1881 Merlot Dr, Sanford
Seminole County Real Estate - Lake Monroe
Lake Monroe is in East Central Florida. Lake Monroe is approximately 20 miles from Orlando (population 238,300) and around 6 miles from Deltona (population 85,182).
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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 | |
|---|---|---|---|---|
| 1887 Merlot Dr | Single Family | 2,639 | B |
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| 1875 Merlot Dr | Single Family | 3,764 | B |
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| 2000 Northumbria Dr | Single Family | 2,619 | B |
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| 1898 Merlot Dr | Single Family | 3,652 | B |
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| 1869 Merlot Dr | Single Family | 3,764 | B |
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| 1893 Merlot Dr | Single Family | 3,959 | B |
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| 2006 Northumbria Dr | Single Family | 2,993 | B |
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| 1899 Merlot Dr | Single Family | 3,845 | B |
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| 1910 Merlot Dr | Single Family | 3,498 | B |
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| 2001 Northumbria Dr | Single Family | 4,566 | B |
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| 1905 Merlot Dr | Single Family | 3,076 | B |
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| 2007 Northumbria Dr | Single Family | 3,135 | B |
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| 2012 Northumbria Dr | Single Family | 2,978 | B |
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| 1916 Merlot Dr | Single Family | 2,575 | B |
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| 1857 Merlot Dr | Single Family | 3,670 | B |
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| 1911 Merlot Dr | Single Family | 2,619 | B |
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| 2013 Northumbria Dr | Single Family | 3,959 | B |
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| 2018 Northumbria Dr | Single Family | 3,345 | B |
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| 1922 Merlot Dr | Single Family | 3,520 | B |
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| 1851 Merlot Dr | Single Family | 3,520 | B |
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| 1917 Merlot Dr | Single Family | 3,936 | B |
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| 6361 Bordeaux Cir | Single Family | 2,993 | B |
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| 2019 Northumbria Dr | Single Family | 4,044 | B |
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| 5855 S Sylvan Lake Dr | Single Family | 2,169 | C |
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Local Household Income
The median household income in this part of Florida is $78,153. The bottom 10% of the population earn less than $26,892 per year. The top 10% earn more than $204,219 per year. The top 1% earn more than $633,506 per year. Most renters earn between $39,756 (20th percentile) and $67,296 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $156,306 and $195,383.
The tax assessed value of this property places it in percentile 91 of all properties in this area. This suggests it would appeal to someone earning around $223,166 per year who should qualify for a mortgage between $446,332 and $557,915.
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 $1,097. Most renters earn between $3,313 and $5,608 per month. They typically spend 29% of their monthly income on rent. Most rents fall in the $850 (20th percentile) to $1,513 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 91 of all properties in this area. This corresponds to a rent of $1,863 per month and a monthly household income of $6,438 ($77,256 per year)
Nearby Companies
1922 Merlot Dr
1922 Merlot Dr
2013 Northumbria Dr
2001 Northumbria Dr
1893 Merlot Dr
1893 Merlot Dr
1893 Merlot Dr
1881 Merlot Dr
1881 Merlot Dr
1881 Merlot Dr