3730 Cadbury Cir #431 · South Venice, FL 34293

$109,500

1 bd · 1.0 ba · 1,033 sqft · Condo public records · 137 Days on market

Built 2001 $817/mo HOA · 42% of rent ↓ 29% since listing

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Why this score? — see what drove the D 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).

• 1% rule +10.0/10.0
• Cash flow +9.9/30.0
• ARV discount +7.5/15.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• DSCR +2.8/10.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

Key facts

• Walking paths
• Screened-in balcony
• $817 HOA

Tags

• SCREENED-IN BALCONY
• BEAUTIFULLY LANDSCAPED GROUNDS
• SPLIT-BEDROOM FLOOR PLAN
• AMPLE WALK-IN CLOSET SPACE
• 24-HOUR GATED SECURITY
• WALKING PATHS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $110k.

Deal economics

• At list price, monthly cash flow is $-68 ($-821/yr) — negative.
• To cash-flow at today's rent, offer at most $97k (11.0% below list).
• Meets the 1% rule at list price ($2k rent vs $110k).
• Recommended offer: $96k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 67/100 on livability (#549 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, crime A-, cost of living A-; Watch: schools F, amenities F, commute F.
• Sarasota (urban): math 63% / reading 63% proficiency, ranked #7 of 73 in FL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents flat; 1255 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $757 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 137 days — a 12% lower offer ($96k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $40k (27%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 42% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $96,360 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 137 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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 F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. 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: 1.76% ✓
• Cap rate: 5.54%
• Cash-on-cash: -2.68%
• DSCR: 0.88
• GRM: 4.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.7% rent growth · sell at horizon

5-year hold

• IRR: -26.0%
• Equity multiple: 0.15×
• Total profit: $-25,925
• Equity at exit: $16,327

10-year hold

• IRR: -53.8%
• Equity multiple: -0.41×
• Total profit: $-43,087
• Equity at exit: $9,468

Cash invested: $30,660 (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 34293

• Rents YoY: 0.7%
• Active inventory: 1255
• Price-to-rent: 4.7×

Monthly cashflow live

• Estimated rent: $1,929 medium
• Mortgage (P&I): −$574
• Tax from tax record: −$156 /mo · $1,870/yr
• Insurance: −$46
• HOA: −$817
• Vacancy / Maint / Mgmt: −$405
• Net cashflow: $-68

Break-even live

Break-even rent $2,016

Max offer price $97,409

Occupancy floor 99%

Sensitivity live

Price	-10% $-6	-5% $-37	+0% $-68	+5% $-99	+10% $-130
Rent	-10% $-221	-5% $-145	+0% $-68	+5% $8	+10% $84
Rate	-1.0pp $-13	-0.5pp $-41	base $-68	+0.5pp $-97	+1.0pp $-126

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: $27,375
• Closing costs: $3,285
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $817 · $9,804/yr
• Likely covers: watersewertrashcablelandscapingexterior maint.security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 24 events

1. 2026-06-21
   days on market $109,500 Active 137 DOM
2. 2026-06-18
   days on market $109,500 Active 134 DOM
3. 2026-06-17
   days on market $109,500 Active 133 DOM
4. 2026-06-16
   days on market $109,500 Active 132 DOM
5. 2026-06-15
   days on market $109,500 Active 131 DOM
6. 2026-06-13
   days on market $109,500 Active 129 DOM
7. 2026-06-13
   days on market $109,500 Active 128 DOM
8. 2026-06-10
   days on market $109,500 Active 126 DOM
9. 2026-06-09
   days on market $109,500 Active 125 DOM
10. 2026-06-08
    days on market $109,500 Active 124 DOM
11. 2026-06-08
    days on market $109,500 Active 123 DOM
12. 2026-06-05
    days on market $109,500 Active 120 DOM
13. 2026-06-03
    days on market $109,500 Active 119 DOM
14. 2026-06-02
    days on market $109,500 Active 118 DOM
15. 2026-06-01
    days on market $109,500 Active 117 DOM
16. 2026-05-31
    days on market $109,500 Active 116 DOM
17. 2026-05-10
    price $115,000 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

18. 2026-05-10
    status Active 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

19. 2026-03-16
    status Pending 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

20. 2026-02-13
    price $124,500 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

21. 2026-01-17
    price $134,500 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

22. 2026-01-09
    price $139,500 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

23. 2025-12-11
    listed $149,000 Active 1650-char remark

    Show marketing remark (1650 chars)

    Enjoy comfort, convenience, and a welcoming community in this 2-bedroom, 2-bath condo, ideally located on the 4th floor of the desirable Whittier Building in Jacaranda Trace—Venice’s premier, gated community. This light-filled residence features an open-concept layout and spacious screened-in balcony that offers peaceful views of the beautifully landscaped grounds—perfect for sipping your morning coffee or taking in the Florida sunset. The thoughtful split-bedroom floor plan provides privacy for both residents and guests, with ample walk-in closet space and easy access to full baths in each suite. While not recently renovated and in need of some TLC, this home is priced to allow the next owner to come in and make it their own. The kitchen offers a pantry and plenty of storage, creating a functional space ready for your personal touch. Enjoy the ease of low-maintenance living with a condo fee that includes water, sewer, basic cable, pest control, trash & recycling, exterior maintenance, and one assigned covered parking space. Jacaranda Trace offers over 30 acres of beautifully landscaped grounds with walking paths, a scenic pond, lighted fountains, 24-hour gated security, and inviting community spaces. Located just minutes from historic downtown Venice, Gulf beaches, Wellen Park, CoolToday Park, and top-rated schools dining, shopping, and medical facilities. Don’t miss this opportunity to design your ideal space in one of Venice’s most sought-after communities. Back on the market due to buyer circumstances — no fault of the seller or property. A great opportunity for the next buyer!

24. 2001-09-05
    soldstatus $162,900

ⓘ 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: $1,870 · $156/mo
• Projected year-2 tax: $1,870 · $156/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,153
• − Mortgage interest: −$6,134
• − Property taxes: −$1,870
• − Insurance: −$548
• − Repairs & maintenance: −$1,852
• − Management: −$1,852
• − HOA: −$9,804
• − Depreciation: −$3,185
• Taxable loss: −$2,092
• Est. tax savings @ 24.0%: +$502
• After-tax cash flow: $-319/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: Sarasota
• NCES district ID: 1201680
• Math proficiency: 63% ▼ -8.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $51,167
• Composite: 53.68/100
• National rank: #1428
• State rank: #7 of 73 in FL

Livability — South Venice

• Score: 67/100
• State rank: #549
• US rank: #10377

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Sarasota County · 448,376 people
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 50,278
• Household income: $90,038
• Rent vs Own: 11.3% rent · 88.7% own
• Severe rent burden: 548.0

Population outlook (Sarasota County) Hauer SSP2

• Today (2025): 452,380 people
• By 2030: 474,175 · +4.8%
• By 2040: 511,577 · +13.1%
• By 2050: 541,467 · +19.7%
• By 2075: 604,947 · +33.7%
• By 2100: 621,965 · +37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2%
• Common ancestry: Romanian 7% Lithuanian 4% Slovak 3%
• Foreign-born: 9% · Canada, China, Dominican Republic
• Languages at home: 90% English-only · Spanish 3% Russian/Polish/Slavic 2% French/Haitian/Cajun 1%

Political lean MEDSL · Sarasota

• 2024 margin: R (+18.2) · D 40.5% · R 58.7%
• 2008→2024 swing: -18.1pp toward R · 2008: -0.1pp · 2024: -18.2pp
• All cycles: 2024: R+18.2 2020: R+10.4 2016: R+11.6 2012: R+7.4 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -355.64%
• Current HPI: 270.5242
• Rent YoY: ▲ 0.70%
• Metro: North Port-Sarasota-Bradenton, 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

-29.4% since first listed

8 events — show timeline

• 2026-05-10 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-13 Price Changed $124,500 Stellar MLS as Distributed by MLS Grid
• 2026-01-17 Price Changed $134,500 Stellar MLS as Distributed by MLS Grid
• 2026-01-09 Price Changed $139,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-11 Listed $149,000 Stellar MLS as Distributed by MLS Grid
• 2001-09-05 Sold (Public Records) $162,900 Public Records

Property tax history

+3.9%/yr

Latest (2025): $1,870 · -0.1% YoY. Source: county tax records.