11447 Park Blvd #210 · Seminole, FL 33772

$74,990

1 bd · 1.0 ba · 480 sqft · Condo public records · 79 Days on market

Built 1962 $540/mo HOA · 36% of rent

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.8/30.0
• 1% rule +10.0/10.0
• DSCR +8.7/10.0
• ARV discount +7.5/15.0
• Livability +4.4/5.0
• Schools +4.3/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Someone is going to score with this condo, I mean EVERYTHING is newer in excellent condition--KraftMaid cabinets in the kitchen, stainless appliances, fridge with water dispenser and ice maker, garbage disposal and water filtration under extra deep sink. Gorgeous granite countertop with mosaic backsplash--beautifully done, clean and modern. The master bedroom is a good size and the closet in the master is HUGE. This place has a crazy amount of storage for its size. Two more closets in the hall: a huge one as big as the one in the master, and another smaller hall closet that could be a pantry and/or linen closet. Owner brought the Florida room into the main living space with wind-rated windows and laminate floor, could be a dining room, office, craft room, wo/man cave, etc. Bath has crisp, white commode and pedestal sink with new faucet. This place is move-in ready, nothing needs to be done except bring your belongings. Location is fabulous, across the street from the new Seminole City Center, close to St. Pete College (yes, perfect for a college student or just to have a second home minutes from the beaches), walk to grocery store, bank, shopping, movies, restaurants as well. Nice, clean, updated air-conditioned laundry facility and interior mailboxes. Ridgewood is a well-kept secret, great location, the residents love it and condos here don't come available very often.

Key facts

• Updated carports
• Updated flooring
• Modern kitchen

Tags

• MODERN KITCHEN
• UPDATED FLOORING
• FRESHLY RE-PAVED PARKING LOT
• UPDATED CARPORTS
• DEDICATED PARKING SPACE
• PRIME SEMINOLE LOCATION

Property features AI

Finance

• Other: Unfurnished unit
• Financial info: Total monthly fees $540; total annual fees $6,480; Lease restrictions apply
• HOA & community: Monthly condo fee of $540 (includes insurance, structure maintenance, grounds maintenance, sewer, trash, water); Association management: Qualified Property Management; Association approval required; Association amenities include laundry, maintenance, storage; vehicle restrictions apply; Buyer approval required; Street lights in community; Pets allowed (max ~20 lbs)

Exterior

• Parking: Assigned covered parking space; Guest parking available
• Security: Smoke detectors
• Utilities: Public water; Public sewer; Cable available; Broadband/high-speed internet available; Electricity connected; Fire hydrant nearby
• Home design: Residential condominium; Completed condition; One level living (unit on 2nd floor in a 3-story building); Customized wheelchair accessible; South-facing
• Construction: Block construction; Built-up roof; Slab foundation; Building name: RIDGEWOOD CONDOS
• Exterior features: Deck; Patio; Porch; Exterior lighting; Rain gutters; Mature landscaping with oak trees

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Oven; Range; Refrigerator; Water purifier (owned); Electric water heater
• Bedrooms: 1 bedroom
• Flooring: Carpet; Ceramic tile; Laminate; Vinyl
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Elevator in building; Open floor plan; Solid wood cabinets; Stone countertops; Blinds on windows; Smoke detector(s)
• Laundry & utility: Corridor access laundry; Inside utility / storage rooms

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $75k.

Deal economics

• At list price, monthly cash flow is $183 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $75k).
• Recommended offer: $70k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 3.8% in Seminole — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 88/100 on livability (#5 in FL, #174 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Seminole Elementary School (math 65% / reading 57%, grade B, #653 of 2,144 statewide, top 31%, 428 students, 59% FRL); Seminole High School (math 26% / reading 47%, grade F, #351 of 667 statewide, top 54%, 1,546 students, 39% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents flat; 207 active listings in the ZIP; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 79 days — a 6% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 19y ago; this cycle's ask has dropped $29k (28%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $52k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $70,490 (6.0% below list)

Questions for the listing agent

1. It's been on market 79 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.01% ✓
• Cap rate: 9.22%
• Cash-on-cash: 10.45%
• DSCR: 1.47
• GRM: 4.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.1% rent growth · sell at horizon

5-year hold

• IRR: -6.0%
• Equity multiple: 0.79×
• Total profit: $-4,457
• Equity at exit: $11,181

10-year hold

• IRR: -3.8%
• Equity multiple: 0.80×
• Total profit: $-4,130
• Equity at exit: $6,484

Cash invested: $20,997 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 33772

• Rents YoY: 0.1%
• Active inventory: 207
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,509 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$44 /mo · $534/yr
• Insurance: −$31
• HOA: −$540
• Vacancy / Maint / Mgmt: −$317
• Net cashflow: $183

Break-even live

Break-even rent $1,277

Max offer price $74,990

Occupancy floor 83%

Sensitivity live

Price	-10% $225	-5% $204	+0% $183	+5% $162	+10% $140
Rent	-10% $64	-5% $123	+0% $183	+5% $242	+10% $302
Rate	-1.0pp $221	-0.5pp $202	base $183	+0.5pp $163	+1.0pp $144

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $18,748
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $540 · $6,480/yr
• Likely covers: watertrash
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 29 events

1. 2026-06-19
   status $74,990 Pending 79 DOM
2. 2026-06-18
   days on market $74,990 Active 79 DOM
3. 2026-06-17
   days on market $74,990 Active 78 DOM
4. 2026-06-16
   days on market $74,990 Active 77 DOM
5. 2026-06-15
   days on market $74,990 Active 76 DOM
6. 2026-06-13
   days on market $74,990 Active 74 DOM
7. 2026-06-09
   days on market $74,990 Active 70 DOM
8. 2026-06-08
   days on market $74,990 Active 69 DOM
9. 2026-06-07
   days on market $74,990 Active 68 DOM
10. 2026-06-04
    days on market $74,990 Active 65 DOM
11. 2026-06-03
    days on market $74,990 Active 64 DOM
12. 2026-06-01
    days on market $74,990 Active 62 DOM
13. 2026-05-31
    days on market $74,990 Active 61 DOM
14. 2026-05-11
    price $89,900
15. 2026-04-27
    price $94,900
16. 2026-04-09
    price $99,900
17. 2026-03-31
    listed $103,700 Active
18. 2017-01-31
    soldstatus $52,500 Sold 1392-char remark

    Show marketing remark (1392 chars)

    Someone is going to score with this condo, I mean EVERYTHING is newer in excellent condition--KraftMaid cabinets in the kitchen, stainless appliances, fridge with water dispenser and ice maker, garbage disposal and water filtration under extra deep sink. Gorgeous granite countertop with mosaic backsplash--beautifully done, clean and modern. The master bedroom is a good size and the closet in the master is HUGE. This place has a crazy amount of storage for its size. Two more closets in the hall: a huge one as big as the one in the master, and another smaller hall closet that could be a pantry and/or linen closet. Owner brought the Florida room into the main living space with wind-rated windows and laminate floor, could be a dining room, office, craft room, wo/man cave, etc. Bath has crisp, white commode and pedestal sink with new faucet. This place is move-in ready, nothing needs to be done except bring your belongings. Location is fabulous, across the street from the new Seminole City Center, close to St. Pete College (yes, perfect for a college student or just to have a second home minutes from the beaches), walk to grocery store, bank, shopping, movies, restaurants as well. Nice, clean, updated air-conditioned laundry facility and interior mailboxes. Ridgewood is a well-kept secret, great location, the residents love it and condos here don't come available very often.

19. 2017-01-31
    soldstatus $52,500

    Show marketing remark (1392 chars)

    Someone is going to score with this condo, I mean EVERYTHING is newer in excellent condition--KraftMaid cabinets in the kitchen, stainless appliances, fridge with water dispenser and ice maker, garbage disposal and water filtration under extra deep sink. Gorgeous granite countertop with mosaic backsplash--beautifully done, clean and modern. The master bedroom is a good size and the closet in the master is HUGE. This place has a crazy amount of storage for its size. Two more closets in the hall: a huge one as big as the one in the master, and another smaller hall closet that could be a pantry and/or linen closet. Owner brought the Florida room into the main living space with wind-rated windows and laminate floor, could be a dining room, office, craft room, wo/man cave, etc. Bath has crisp, white commode and pedestal sink with new faucet. This place is move-in ready, nothing needs to be done except bring your belongings. Location is fabulous, across the street from the new Seminole City Center, close to St. Pete College (yes, perfect for a college student or just to have a second home minutes from the beaches), walk to grocery store, bank, shopping, movies, restaurants as well. Nice, clean, updated air-conditioned laundry facility and interior mailboxes. Ridgewood is a well-kept secret, great location, the residents love it and condos here don't come available very often.

20. 2017-01-19
    status Pending 1392-char remark

    Show marketing remark (1392 chars)

    Someone is going to score with this condo, I mean EVERYTHING is newer in excellent condition--KraftMaid cabinets in the kitchen, stainless appliances, fridge with water dispenser and ice maker, garbage disposal and water filtration under extra deep sink. Gorgeous granite countertop with mosaic backsplash--beautifully done, clean and modern. The master bedroom is a good size and the closet in the master is HUGE. This place has a crazy amount of storage for its size. Two more closets in the hall: a huge one as big as the one in the master, and another smaller hall closet that could be a pantry and/or linen closet. Owner brought the Florida room into the main living space with wind-rated windows and laminate floor, could be a dining room, office, craft room, wo/man cave, etc. Bath has crisp, white commode and pedestal sink with new faucet. This place is move-in ready, nothing needs to be done except bring your belongings. Location is fabulous, across the street from the new Seminole City Center, close to St. Pete College (yes, perfect for a college student or just to have a second home minutes from the beaches), walk to grocery store, bank, shopping, movies, restaurants as well. Nice, clean, updated air-conditioned laundry facility and interior mailboxes. Ridgewood is a well-kept secret, great location, the residents love it and condos here don't come available very often.

21. 2017-01-14
    listed $55,900 Active 1392-char remark

    Show marketing remark (1392 chars)

    Someone is going to score with this condo, I mean EVERYTHING is newer in excellent condition--KraftMaid cabinets in the kitchen, stainless appliances, fridge with water dispenser and ice maker, garbage disposal and water filtration under extra deep sink. Gorgeous granite countertop with mosaic backsplash--beautifully done, clean and modern. The master bedroom is a good size and the closet in the master is HUGE. This place has a crazy amount of storage for its size. Two more closets in the hall: a huge one as big as the one in the master, and another smaller hall closet that could be a pantry and/or linen closet. Owner brought the Florida room into the main living space with wind-rated windows and laminate floor, could be a dining room, office, craft room, wo/man cave, etc. Bath has crisp, white commode and pedestal sink with new faucet. This place is move-in ready, nothing needs to be done except bring your belongings. Location is fabulous, across the street from the new Seminole City Center, close to St. Pete College (yes, perfect for a college student or just to have a second home minutes from the beaches), walk to grocery store, bank, shopping, movies, restaurants as well. Nice, clean, updated air-conditioned laundry facility and interior mailboxes. Ridgewood is a well-kept secret, great location, the residents love it and condos here don't come available very often.

22. 2017-01-06
    historical
23. 2017-01-05
    price $55,900
24. 2016-11-07
    listed $57,500 Active
25. 2010-03-23
    historical
26. 2010-02-05
    listed $59,900
27. 2007-03-14
    listed $79,900
28. 2005-07-11
    soldstatus $45,000
29. 1990-04-01
    soldstatus $22,500

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $534 · $44/mo
• Projected year-2 tax: $622 · $52/mo
• Expected delta: +$89/yr (+$7/mo · 16.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,104
• − Mortgage interest: −$4,201
• − Property taxes: −$534
• − Insurance: −$375
• − Repairs & maintenance: −$1,448
• − Management: −$1,448
• − HOA: −$6,480
• − Depreciation: −$2,182
• Taxable income: $1,437
• Est. tax owed @ 24.0%: −$345
• After-tax cash flow: $1,850/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Seminole

• Score: 88/100
• State rank: #5
• US rank: #174

Category grades

Amenities A- Commute A+ Cost of living A- Crime B Employment B Housing A+ Health & safety A+ User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Pinellas County · 939,478 people
• City population: 42,315
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 23,733
• Household income: $73,586
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 720.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 7% Asian 3% Black 2%
• Hispanic origin (detail): Puerto Rican 2%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 5% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -485.84%
• Current HPI: 315.303
• Rent YoY: ▲ 0.10%
• Metro: Tampa-St. Petersburg-Clearwater, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+299.6% since first listed

16 events — show timeline

• 2026-05-11 Price Changed $89,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-27 Price Changed $94,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-09 Price Changed $99,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Listed $103,700 Stellar MLS as Distributed by MLS Grid
• 2017-01-31 Sold (Public Records) $52,500 Public Records
• 2017-01-31 Sold (MLS) $52,500 Stellar MLS as Distributed by MLS Grid
• 2017-01-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-01-14 Listed $55,900 Stellar MLS as Distributed by MLS Grid
• 2017-01-06 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-01-05 Price Changed $55,900 Stellar MLS as Distributed by MLS Grid
• 2016-11-07 Listed $57,500 Stellar MLS as Distributed by MLS Grid
• 2010-03-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-02-05 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2007-03-14 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2005-07-11 Sold (Public Records) $45,000 Public Records
• 1990-04-01 Sold (Public Records) $22,500 Public Records

Property tax history

+1.9%/yr

Latest (2025): $534 · +6.0% YoY. Source: county tax records.