1487 Magellan Ci, Orlando
Orange County Real Estate - Gotha
Gotha is in East Central Florida. It's population as recorded in the 2010 Census was 1,915. Gotha is approximately 9 miles from Orlando (population 238,300) and around 18 miles from Kissimmee (population 59,682).
The median age for residents of Gotha is 38.7. Around 55.3% of Gotha households include school aged children and 15.5% of households include individuals aged 65 years or over. Census records indicate 78.3% of the Gotha population are White, 6.7% are Black or African American, .4% American Indian, 9% Asian and 2.1% are Two or more Races.
There are 641 housing units in Gotha. 48 (7.4%) of these were reported as vacant in the 2010 Census. There are 64 residential rental units in Gotha. 60 of them were occupied in 2010 providing a residential rental vacancy rate of 6.3%.
Gotha links:
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Orange County
Orange County is part of the East Central Florida region along with Brevard, Volusia, Sumter, Seminole, Lake, and Osceola Counties. With a population over 1.1 million, Orange is the fifth most populous county in Florida. Incorporated municipalities include Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park, Eatonville, Oakland, and Windermere.
Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's primary industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida.
For many in the United States and across the world, Orlando is synonymous with the Walt Disney World Resort. Indeed, Disney produced a study indicating that the resort and businesses associated with it were responsible for an $18 billion economic impact, 2.5% of the GDP of the state of Florida. The Greater Orlando area also hosts the Universal Orlando theme parks, each of which features a Harry Potter-themed section. In addition, numerous tourist attractions exist, mostly catering to a family audience, such as miniature golf courses, arcades, and amusement parks.
Greater Orlando has a business side, too. Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. UCF has a partnership with the Central Florida Research Park, the seventh-largest research park in the country, located next close to the university. Orlando is an important city for the military, including pilot training with its varied flight simulators and production facilities. Madden NFL Football, the most popular video game franchise in the country, is created in Orlando by Electronic Arts.
As its name implies, rural Orange County is a center of citrus production. Much of the land is given over to orange groves. Apopka hosts a Minute Maid juice flavoring plant.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1491 Magellan Ci | Condominium | 1,398 | B |
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| 1489 Magellan Ci | Condominium | 1,808 | B |
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| 1485 Magellan Ci | Condominium | 1,511 | B |
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| 1499 Magellan Ci | Condominium | 1,511 | B |
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| 1493 Magellan Ci | Condominium | 1,398 | B |
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| 1495 Magellan Ci | Condominium | 1,808 | B |
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| 1497 Magellan Ci | Condominium | 1,729 | B |
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| 1481 Magellan Ci | Condominium | 1,729 | B |
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| 1479 Magellan Ci | Condominium | 1,808 | B |
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| 1483 Magellan Ci | Condominium | 1,511 | B |
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| 1477 Magellan Ci | Condominium | 1,398 | B |
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| 6929 Blair Dr | Single Family | 1,636 | C |
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| 6925 Blair Dr | Single Family | 1,641 | C |
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| 1415n Hiawassee Rd | Retirement Home not eligible for exemption. | 2,405 | B |
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| 6921 Blair Dr | Single Family | 2,018 | C |
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| 1473 Magellan Ci | Condominium | 1,808 | B |
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| 1475 Magellan Ci | Condominium | 1,398 | B |
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| 1469 Magellan Ci | Condominium | 1,511 | B |
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| 1471 Magellan Ci | Condominium | 1,729 | B |
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| 6917 Blair Dr | Single Family | 1,881 | C |
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| 1425n Hiawassee Rd | Single Family | 2,023 | A |
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| 6913 Blair Dr | Single Family | 2,029 | C |
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| 6909 Blair Dr | Single Family | 1,450 | C |
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| 6933 Blair Dr | Single Family | 1,734 | C |
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| 6629 Vernon St | Single Family | 1,951 | A |
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| 1478 Magellan Ci | Condominium | 1,808 | B |
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| 1472 Magellan Ci | Condominium | 1,729 | B |
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| 1484 Magellan Ci | Condominium | 1,398 | B |
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| 1607 Stanbury Dr | Single Family | 1,916 | C |
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| 1603 Stanbury Dr | Single Family | 1,872 | C |
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| 1611 Stanbury Dr | Single Family | 1,872 | C |
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Local Household Income
The median household income in this part of Florida is $74,659. The bottom 10% of the population earn less than $24,097 per year. The top 10% earn more than $206,238 per year. The top 1% earn more than $568,784 per year. Most renters earn between $35,028 (20th percentile) and $60,552 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $149,318 and $186,648.
The tax assessed value of this property places it in percentile 20 of all properties in this area. This suggests it would appeal to someone earning around $35,667 per year who should qualify for a mortgage between $71,334 and $89,168.
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 $1,118. Most renters earn between $2,919 and $5,046 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $888 (20th percentile) to $1,531 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 20 of all properties in this area. This corresponds to a rent of $888 per month and a monthly household income of $2,919 ($35,028 per year)
Nearby Companies
1483 Magellan Cir
1473 Magellan Cir