Wednesday, August 10, 2016

Thornton Park - Rentals Command Top Prices + Path to Home Ownership

In the past six months, rentals in Thornton Park and the 32801 area code, in general, have crept ever higher: The Average rental on the MLS (Rentals are found on other sites, true, but the MLS is a sound benchmark of information)in 32801 leases on average for  $1,820+/month, for 1129 sq feet of living space. When an average active listing in 32801 posts for $2,242/month (current average for August, 2016), it's worth it to consider an option that can put you in a rental (that allows for pets, up to 180lbs, total poundage!) you could ultimately purchase - 
If that idea interests you, email me at PositivelyRealEstate@gmail.com for a rundown of the program -

Here is a breakdown of the non-condo, residential rentals listed/leased in the past 6 months, via MLS for the Thornton Park area in 32801. Note that rental costs are steeper than average for 32801. Also note that this area is one of the most "pet-friendly" of any location in Central Florida - 


Address Status Sq Ft Heated  Current Price  Pets Allowed Y/N
815 E SOUTH ST Active 950        $1,550.00 TRUE
415 E PINE ST  #808 Active 1246        $1,800.00 FALSE
1207 E JEFFERSON ST Active 1400        $1,850.00 TRUE
40 N HYER AVE Active 1462        $1,875.00 FALSE
101 S EOLA DR #1021 Active 1198        $2,250.00 TRUE
356 S OSCEOLA AVE #6 Active 1703        $2,285.00 TRUE
465 E SOUTH ST #200 Active 1731        $2,450.00 FALSE
119 N THORNTON AVE Active 1118        $2,500.00 TRUE
28 HILL AVE Active 1310        $2,950.00 TRUE
623 JACKSON ST Active 2200        $4,000.00 TRUE
617 JACKSON ST Active 2200        $4,500.00 TRUE
104 S LAWSONA BLVD Active 3452        $7,350.00 TRUE
Average Active TPark Rental
1664.167        $2,946.67













112 LAKE AVE #2 Leased 400           $850.00 TRUE
116 N MILLS AVE Leased 550            $900.00 FALSE
225 S SUMMERLIN AVE  Leased 867        $1,200.00 TRUE
815 E SOUTH ST Leased 925        $1,450.00 TRUE
710 E CENTRAL BLVD Leased 1528        $1,500.00 TRUE
817 E SOUTH ST Leased 970        $1,550.00 TRUE
1504 E WASHINGTON ST Leased 1127       $1,700.00
1313 E CENTRAL BLVD Leased 1317        $1,795.00 TRUE
465 E SOUTH ST #25 Leased 1455        $2,100.00 FALSE
101 S EOLA DR #1102 Leased 1198        $2,300.00 TRUE
1514 E CENTRAL BLVD Leased 2144       $ 2,250.00 TRUE
Average Leased TPark Rental
1134.636        $1,599.55

Active Residential, Non-condo listings in the same area are listed below. Overall the market for the area is fairly neutral: Although sales in July in 32801 are up 25% over last year, the total closed sales are down 18%, overall, year-to-date. Inventory is as low as it's been since 2014, and price ft/sq is at an average of $225/sq ft.   Note  the listings below:  having one specific type of townhome enter the market "skews" the averages upward:

Numbers can be deceiving, so feel free to reach out to me to find out what lies 'underneath' the percentages - !

Active and Sold Non-Condo Listings in the Thornton Park Area:

Address Status  Current Price  SqFtHeated           CDOM
131 S LAWSONA BLVD Active  $   279,800.00 1349 71
1109 E JACKSON ST Active  $   299,000.00 950 6
910 E CENTRAL BLVD  Active  $   349,900.00 1554 303
901 E PINE ST #4 Active  $   399,900.00 2001 155
230 THORNTON LN Active  $   544,900.00 2226 26
620 MARIPOSA ST Active  $   657,000.00 2551 92
228 S SUMMERLIN AVE  Active  $   659,000.00 2138 635
624 MARIPOSA ST Active  $   659,000.00 2109 113
646 MARIPOSA ST Active  $   659,000.00 2509 92
654 MARIPOSA ST Active  $   659,000.00 2095 41
632 MARIPOSA ST Active  $   659,000.00 2095 41
650 MARIPOSA ST Active  $   670,000.00 2109 41
658 MARIPOSA ST Active  $   680,000.00 2118 113
1001 HARWELL ST Active  $   769,000.00 2867 15
121 S BROWN AVE Active  $   799,000.00 3983 89
104 S LAWSONA BLVD Active  $1,225,000.00 3452 86
Average Active Listing, TPark
 $   623,031.25 2256.625 119.9375
412 DANIELS AVE Sold  $   200,000.00 1224 5
1919 E SOUTH ST  Sold  $   240,000.00 1811 37
150 S THORNTON AVE Sold  $   424,000.00 1736 32
219 S LAWSONA BLVD  Sold  $   474,000.00 2616 390
810 E CENTRAL BLVD  Sold  $   685,000.00 2957 162
Average Sold Listing, TPark
 $   404,600.00 2068.8 125.2   

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