329 Kingston St S · St. Petersburg, FL 33711

$235,000

3 bd · 1.0 ba · 1,014 sqft · SingleFamily public records · 41 Days on market

Built 1940 6,360 sqft lot Est $317k · 26% under

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Why this score? — see what drove the C+ 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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +5.2/10.0
• Schools +4.3/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

Key facts

• Generously sized lot
• Garage apartment
• Private entrance

Tags

• INTERIOR IN-LAW SUITE
• PRIVATE ENTRANCE
• GARAGE APARTMENT
• ENCLOSED FRONT PORCH
• GENEROUSLY SIZED LOT
• CHAIN-LINK FENCING

Property features AI

Finance

• Other: Homestead exemption indicated
• HOA & community: No association; Pets allowed

Exterior

• Parking: Driveway
• Utilities: Public sewer; Water available and connected; Electricity available and connected; Natural gas available; Cable available; Sewer available and connected; Water source listed as none
• Home design: Single family residence; Residential property; Fixer condition; One story; Faces south
• Construction: Frame construction; Shingle roof; Crawlspace foundation; Built area approximately 1,578 total square feet
• Exterior features: Enclosed porch; Chain link fencing; Near public transit; Paved road access; Additional single-family home and guest house on the property

Interior

• Kitchen: Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Laminate; Tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Ductless heating; Wall/window air conditioning units
• Interior features: Wood window frames; Garage apartment and interior in-law suite with private entry; Crawlspace basement
• Laundry & utility: Washer hookup; Electric dryer hookup; Shared/common area laundry

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $235k.

Deal economics

• At list price, monthly cash flow is $512 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $235k).
• Recommended offer: $228k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 2.6% in St. Petersburg — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Fairmount Park Elementary School (math 21% / reading 15%, grade F, #2,115 of 2,144 statewide, top 99%, 500 students, 91% FRL); Gibbs High School (math 26% / reading 41%, grade F, #400 of 667 statewide, top 61%, 1,160 students, 64% FRL) — zoned schools average 78% FRL vs 48% district-wide (30 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 26% at this address vs 51% district-wide (-25 pts) — the specific schools serving this property underperform the Pinellas average; the district grade overstates school quality for this exact location.
• Market conditions: Rents soft (-1.5%/yr); 261 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $7k 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 41 days — a 3% lower offer ($228k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 12y ago; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $235k implies a 591% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• 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 $227,950 (3.0% below list)

Questions for the listing agent

1. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.02% ✓
• Cap rate: 8.91%
• Cash-on-cash: 9.33%
• DSCR: 1.42
• GRM: 8.2

CMA / ARV

• ARV (on-the-fly): $317,382
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
119 37th St S	0.14mi	3/1.0	996 (-2%)	4mo	$268,000	$269	87
4127 12th Ave S	0.70mi	3/1.0	1,032 (+2%)	0mo	$300,000	$291	64
4340 3rd Ave S	0.49mi	3/2.0	1,054 (+4%)	6mo	$370,000	$351	62
3336 Carlisle Ave S	0.35mi	2/1.0 (-1)	928 (-8%)	4mo	$240,000	$259	61
3611 4th Ave N	0.57mi	2/1.0 (-1)	962 (-5%)	2mo	$347,500	$361	58
4636 3rd Ave S	0.74mi	3/3.0	1,008 (-1%)	7mo	$410,000	$407	51
4400 3rd Ave S	0.53mi	2/1.0 (-1)	1,135 (+12%)	1mo	$221,900	$196	50
4327 3rd Ave S	0.48mi	2/1.0 (-1)	912 (-10%)	8mo	$220,000	$241	49
4610 6th Ave S	0.74mi	3/2.0	1,078 (+6%)	3mo	$337,000	$313	49
2950 2nd Ave S	0.67mi	3/2.0	1,083 (+7%)	7mo	$510,000	$471	48
3526 4th Ave N	0.56mi	3/2.0	1,122 (+11%)	6mo	$385,000	$343	47
4401 3rd Ave N	0.73mi	2/1.0 (-1)	930 (-8%)	4mo	$275,000	$296	44

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -5.3%
• Equity multiple: 0.81×
• Total profit: $-12,616
• Equity at exit: $35,039

10-year hold

• IRR: 0.8%
• Equity multiple: 1.05×
• Total profit: $3,441
• Equity at exit: $20,319

Cash invested: $65,800 (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 33711

• Rents YoY: -1.5%
• Active inventory: 261
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,388 high
• Mortgage (P&I): −$1,232
• Tax from tax record: −$45 /mo · $541/yr
• Insurance: −$98
• HOA: −$0
• Vacancy / Maint / Mgmt: −$502
• Net cashflow: $512

Break-even live

Break-even rent $1,741

Max offer price $235,000

Occupancy floor 74%

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: $58,750
• Closing costs: $7,050
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
404 Madison St S Saint Petersburg, FL	3.0	1.0	1391	$2,500	$1.80	4d	1	0.10mi
3801 1st Ave S Saint Petersburg, FL	2.0	1.0	900	$1,975	$2.19	17d	1	0.17mi
4018 2nd Ave S Saint Petersburg, FL	3.0	1.0	1176	$2,095	$1.78	4d	1	0.20mi
3550 2nd Ave S St. Petersburg, FL	2.0	1.0	720	$2,800	$3.89	24d	1	0.21mi
201 35th St S Saint Petersburg, FL	2.0	1.0	850	$1,680	$1.98	2d	1	0.25mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	24d	1	0.28mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	11d	1	0.28mi
3421 4th Ave S Saint Petersburg, FL	2.0	1.5	938	$1,805	$1.92	4d	1	0.30mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	4d	1	0.34mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	4d	1	0.36mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	24d	1	0.36mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	20d	1	0.38mi
505 43rd St S Unit 5051/2 St. Petersburg, FL	2.0	1.0	800	$2,000	$2.50	24d	1	0.44mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	7d	1	0.45mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	24d	1	0.45mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	4d	1	0.45mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	24d	1	0.50mi
3145 4th Ave S St. Petersburg, FL	2.0	1.5	938	$2,020	$2.15	24d	1	0.56mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	2d	4	0.56mi
3100 Central Ave Saint Petersburg, FL	1.0–2.0	1.0–2.0	880	$2,660	$3.02	1d	10	0.61mi
4519 5th Ave S Saint Petersburg, FL	4.0	2.0	1448	$2,900	$2.00	3d	1	0.61mi
626 31st St S Saint Petersburg, FL	3.0	1.0	1040	$2,200	$2.12	3d	1	0.66mi
4541 6th Ave S Saint Petersburg, FL	3.0	1.0	945	$1,100	$1.16	14d	1	0.66mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	7d	1	0.67mi
3201 3rd Ave N Saint Petersburg, FL	2.0	1.0–2.5	932	$3,040	$3.26	3d	39	0.70mi
3053 2nd Ave N St Petersburg, FL	4.0	2.5	1476	$5,500	$3.73	24d	1	0.70mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$2,100	$1.77	4d	12	0.73mi
3601 6th Ave N Saint Petersburg, FL	2.0	2.0	808	$2,400	$2.97	4d	1	0.73mi
450 47th St S Saint Petersburg, FL	3.0	1.0	960	$2,950	$3.07	4d	1	0.74mi
3026 Burlington Ave N Saint Petersburg, FL	3.0	1.0	1319	$2,550	$1.93	4d	1	0.74mi
3026 Burlington Ave N Saint Petersburg, FL	3.0	1.0	1319	$2,550	$1.93	11d	1	0.74mi
4029 13th Ave S St Petersburg, FL	3.0	2.0	1152	$2,650	$2.30	24d	1	0.75mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	4d	1	0.75mi
2900 1st Ave S Unit A St. Petersburg, FL	2.0	1.0	1000	$2,295	$2.29	24d	1	0.76mi
3535 14th Ave S Saint Petersburg, FL	3.0	1.0	768	$1,650	$2.15	4d	1	0.80mi
4736 5th Ave S Saint Petersburg, FL	4.0	1.0	1224	$1,895	$1.55	4d	1	0.80mi
2900 Freemont Ter S Saint Petersburg, FL	3.0	3.0	1376	$2,560	$1.86	4d	1	0.80mi
4711 Fairfield Ave S Saint Petersburg, FL	3.0	2.0	1135	$2,800	$2.47	4d	1	0.81mi
4421 11th Ave S Saint Petersburg, FL	3.0	2.0	945	$2,000	$2.12	4d	1	0.81mi
3001 3rd Ave N St. Petersburg, FL	2.0	1.0	1300	$2,200	$1.69	24d	1	0.81mi

Listing history 16 events

1. 2026-06-13
   status $235,000 Pending 41 DOM
2. 2026-06-09
   days on market $235,000 Active 41 DOM
3. 2026-06-08
   days on market $235,000 Active 40 DOM
4. 2026-06-07
   days on market $235,000 Active 39 DOM
5. 2026-06-04
   pricedays on market $235,000 Active 36 DOM
6. 2026-06-03
   days on market $240,000 Active 35 DOM
7. 2026-06-01
   days on market $240,000 Active 33 DOM
8. 2026-05-31
   days on market $240,000 Active 32 DOM
9. 2026-05-20
   status Pending
10. 2026-05-17
    price $240,000
11. 2026-04-23
    listed $250,000 Active
12. 2014-05-16
    historical 541-char remark

    Show marketing remark (541 chars)

    Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

13. 2014-05-16
    soldstatus $34,000 Sold 541-char remark

    Show marketing remark (541 chars)

    Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

14. 2014-05-02
    status Pending 541-char remark

    Show marketing remark (541 chars)

    Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

15. 2014-04-21
    price $34,900 541-char remark

    Show marketing remark (541 chars)

    Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

16. 2014-02-13
    listed $39,900 Active 541-char remark

    Show marketing remark (541 chars)

    Just reduced!! Welcome home! This charming 2 bedroom, 1.5 bath won't last long! Featuring a retro kitchen, built-in bookcases, plenty of entertaining space, outside utility, 2 enclosed porches and more! Located in close proximity to schools, shopping and public safety facilities with easy access to US-19 and the interstate system! This is a Fannie Mae HomePath property! All information is believed accurate but should be confirmed by buyer. The seller is exempt from completing a property disclosure. Realtors, please see Realtor Remarks.

ⓘ 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: $541 · $45/mo
• Projected year-2 tax: $1,950 · $163/mo
• Expected delta: +$1,410/yr (+$117/mo · 260.6%)

ⓘ 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 ≥106°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $28,662
• − Mortgage interest: −$13,164
• − Property taxes: −$541
• − Insurance: −$1,175
• − Repairs & maintenance: −$2,293
• − Management: −$2,293
• − Depreciation: −$6,836
• Taxable income: $2,360
• Est. tax owed @ 24.0%: −$566
• After-tax cash flow: $5,572/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 — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 20,013
• Household income: $66,540
• Rent vs Own: 30.3% rent · 69.7% own
• Severe rent burden: 903.0

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: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 45% Black 45% Hispanic / Latino 6% Two or more races 6%
• Hispanic origin (detail): Puerto Rican 1%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 1%
• Foreign-born: 7% · Canada, Dominican Republic
• Languages at home: 91% English-only · Spanish 4% French/Haitian/Cajun 3% Other Indo-European 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: ▼ -313.54%
• Current HPI: 338.2712
• Rent YoY: ▼ -1.47%
• 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

+501.5% since first listed

8 events — show timeline

• 2026-05-20 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-17 Price Changed $240,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Listed $250,000 Stellar MLS as Distributed by MLS Grid
• 2014-05-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2014-05-16 Sold (MLS) $34,000 Stellar MLS as Distributed by MLS Grid
• 2014-05-02 Pending — Stellar MLS as Distributed by MLS Grid
• 2014-04-21 Price Changed $34,900 Stellar MLS as Distributed by MLS Grid
• 2014-02-13 Listed $39,900 Stellar MLS as Distributed by MLS Grid

Property tax history

-0.4%/yr

Latest (2025): $541 · +4.4% YoY. Source: county tax records.