1629 N Washington Ave · Clearwater, FL 33755

$200,000

3 bd · 1.0 ba · 1,188 sqft · SingleFamily public records · 191 Days on market

Built 1952 Est $311k · 36% under

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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 +26.3/30.0
• ARV discount +15.0/15.0
• DSCR +8.9/10.0
• 1% rule +6.4/10.0
• Schools +4.3/10.0
• Livability +4.1/5.0
• Condition / age +2.5/5.0
• Rent growth +2.0/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BANK OWNED PROPERTY SOLD "AS IS" WITHOUT REPAIR OR WARRANTY. LISTING AGENT HAS NO KNOWLEDGE OF PROPERTY HISTORY, NO DISCLOSURES OR ASSOCIATION DOCS SUPPLIED. BUYER/BUYER'S AGENT IS RESPONSIBLE FOR VERIFYING HOA INFO & FEES, IF ANY, COMMUNITY RULES, SQ FT, LOT SIZE, ROOM DIMENSIONS AND TAXES. THIS PROPERTY IS UNDER AUCTION TERMS. AT CLOSING, IT IS SUBJECT TO A WEB TECH FEE AND MAY ALSO BE SUBJECT TO A BUYER'S PREMIUM PURSUANT TO THE TERMS & CONDITIONS. SELLER WILL NOT ALLOW WATER TO BE ACTIVATED/TURNED ON FOR ANY REASON. BUYER IS RESPONSIBLE FOR ACTIVATING/TURNING ON OTHER UTILITIES.

Key facts

• Excellent potential
• Newly installed roof
• Solid structure

Tags

• PARTIALLY REMODELED HOME
• UPDATED SIDE OF THE HOUSE
• NEWLY INSTALLED ROOF
• SOLID STRUCTURE
• EXCELLENT POTENTIAL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $517 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $200k).
• Recommended offer: $176k (12.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 2.9% in Clearwater — 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 82/100 on livability (#60 in FL, #988 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+; Watch: schools C-, employment C-.
• 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.
• Market conditions: Rents soft (-2.2%/yr); 261 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 43% of the median local income ($63k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 191 days — a 12% lower offer ($176k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $45k; list at $200k implies a 344% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk; 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 $176,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 191 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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.
6. 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.
7. 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: 1.14% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.07%
• DSCR: 1.49
• GRM: 7.3

CMA / ARV

• ARV (on-the-fly): $311,256
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1125 Engman St	0.27mi	3/1.5	1,274 (+7%)	1mo	$324,900	$255	73
1708 N Martin Luther King JR Ave	0.11mi	3/2.0	1,068 (-10%)	3mo	$280,000	$262	72
1060 Iroquois St	0.31mi	3/1.5	1,109 (-7%)	4mo	$252,000	$227	70
902 Marshall St	0.17mi	3/2.0	1,358 (+14%)	3mo	$270,000	$199	62
1600 Kings Hwy	0.66mi	3/1.5	1,193 (+0%)	8mo	$305,000	$256	60
902 Pennsylvania Ave	0.54mi	3/2.0	1,252 (+5%)	4mo	$350,000	$280	59
1345 Terrace Rd	0.58mi	2/1.0 (-1)	1,134 (-4%)	2mo	$185,500	$164	59
1320 Mary L Rd	0.53mi	3/2.0	1,101 (-7%)	1mo	$328,600	$298	58
1115 N Betty Ln	0.55mi	3/2.0	1,276 (+7%)	5mo	$210,000	$165	54
1345 Parkwood St	0.58mi	3/1.5	1,104 (-7%)	6mo	$335,000	$303	54
1916 Macomber Ave	0.68mi	3/2.0	1,237 (+4%)	8mo	$355,000	$287	50
1851 N Washington Ave	0.44mi	2/1.0 (-1)	1,032 (-13%)	4mo	$340,000	$329	49

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: -3.0%
• Equity multiple: 0.89×
• Total profit: $-6,204
• Equity at exit: $29,821

10-year hold

• IRR: 3.1%
• Equity multiple: 1.20×
• Total profit: $11,068
• Equity at exit: $17,292

Cash invested: $56,000 (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 33755

• Rents YoY: -2.2%
• Active inventory: 261
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,277 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$150 /mo · $1,800/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$478
• Net cashflow: $517

Break-even live

Break-even rent $1,623

Max offer price $200,000

Occupancy floor 72%

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1614 N Washington Ave Clearwater, FL	3.0	2.0	1372	$2,550	$1.86	24d	1	0.02mi
1144 La Salle St Clearwater, FL	3.0	2.0	1317	$2,200	$1.67	24d	1	0.30mi
1021 Iroquois St Clearwater, FL	2.0	2.0	1195	$2,625	$2.20	2d	1	0.34mi
1609 N Fort Harrison Ave Clearwater, FL	2.0	2.0	1000	$2,600	$2.60	4d	1	0.34mi
1731 Overbrook Ave Clearwater, FL	2.0	1.0	702	$1,245	$1.77	24d	1	0.35mi
1004 Osage St Clearwater, FL	3.0	2.0	1282	$2,450	$1.91	15d	1	0.36mi
412 Pleasant St Clearwater, FL	2.0	1.0	800	$1,700	$2.12	4d	1	0.38mi
1512 Stevensons Dr Clearwater, FL	4.0	1.0	1127	$3,250	$2.88	4d	1	0.41mi
506 Engman St Clearwater, FL	2.0	2.0	1060	$2,500	$2.36	24d	1	0.43mi
409 Lebeau St Clearwater, FL	3.0	1.0	1026	$1,850	$1.80	8d	1	0.44mi
418 Lebeau St Clearwater, FL	3.0	2.0	1400	$2,800	$2.00	24d	1	0.45mi
1003 West Ave Clearwater, FL	2.0	1.0	800	$1,195	$1.49	3d	4	0.45mi
1015 Vine Ave Clearwater, FL	2.0	1.0	800	$1,350	$1.69	8d	1	0.46mi
1006 Vine Ave Unit 1015 Clearwater, FL	2.0	1.0	800	$1,350	$1.69	8d	1	0.48mi
1922 Springtime Ave Clearwater, FL	2.0	1.0	800	$1,575	$1.97	24d	1	0.63mi
1009 Pine Brook Dr Unit B Clearwater, FL	2.0	2.0	1000	$2,200	$2.20	22d	1	0.66mi
1219 Aloha Ln Clearwater, FL	2.0	2.0	1154	$2,300	$1.99	24d	1	0.70mi
1103 Charles St Clearwater, FL	3.0	2.0	1348	$3,295	$2.44	15d	1	0.79mi
1280 Bertland Way Clearwater, FL	3.0	1.0	922	$1,900	$2.06	4d	1	0.83mi
906 Hart St Clearwater, FL	3.0	2.0	1360	$2,336	$1.72	14d	1	0.83mi
912 Hart St Unit B Clearwater, FL	3.0	1.0	840	$1,545	$1.84	22d	1	0.83mi
311 Pennsylvania Ave Clearwater, FL	3.0	2.0	1220	$2,300	$1.89	24d	1	0.84mi
1262 Woodlawn Ter Clearwater, FL	2.0	1.0	1076	$2,000	$1.86	24d	1	0.92mi
905 Jones St Clearwater, FL	3.0	2.0	1072	$2,450	$2.29	24d	1	0.92mi
500 N Osceola Ave #502 Clearwater, FL	2.0	2.0	1060	$2,450	$2.31	8d	1	0.97mi
500 N Osceola Ave Clearwater, FL	2.0	2.0	1075	$2,275	$2.12	18d	2	0.98mi
1221 Drew St Unit A21 Clearwater, FL	2.0	1.0	705	$1,300	$1.84	3d	1	1.03mi
1257 Drew St #1 Clearwater, FL	2.0	1.0	1055	$1,750	$1.66	24d	1	1.05mi
1799 N Highland Ave #114 Clearwater, FL	2.0	1.5	813	$1,575	$1.94	13d	1	1.07mi
1799 N Highland Ave #5 Clearwater, FL	2.0	1.5	813	$1,690	$2.08	17d	1	1.07mi
1100 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.5	1168	$2,795	$2.39	3d	15	1.12mi
1329 Drew St #6 Clearwater, FL	2.0	1.0	850	$1,495	$1.76	4d	1	1.13mi
1345 Drew St #16 Clearwater, FL	2.0	1.0	925	$1,500	$1.62	24d	1	1.14mi
2035 Kings Hwy Clearwater, FL	1.0–2.0	1.0–2.0	904	$1,520	$1.68	24d	1	1.15mi
21 Highland Ave Dunedin, FL	3.0	2.0	1160	$2,700	$2.33	24d	1	1.15mi
949 Cleveland St Clearwater, FL	1.0–2.0	1.0–2.0	820	$2,595	$3.16	2d	50	1.16mi
824 Padua Ln Clearwater, FL	2.0	2.5	1231	$2,175	$1.77	24d	1	1.16mi
828 Padua Ln Clearwater, FL	2.0	2.5	1231	$2,495	$2.03	24d	1	1.17mi
1365 Drew St #102 Clearwater, FL	2.0	1.0	850	$1,400	$1.65	24d	1	1.17mi
1564 Scott St Clearwater, FL	3.0	2.0	1152	$2,200	$1.91	24d	1	1.18mi

Listing history 23 events

1. 2026-06-18
   days on market $200,000 Active 191 DOM
2. 2026-06-17
   days on market $200,000 Active 190 DOM
3. 2026-06-16
   days on market $200,000 Active 189 DOM
4. 2026-06-15
   days on market $200,000 Active 188 DOM
5. 2026-06-13
   days on market $200,000 Active 186 DOM
6. 2026-06-09
   days on market $200,000 Active 182 DOM
7. 2026-06-08
   days on market $200,000 Active 181 DOM
8. 2026-06-07
   days on market $200,000 Active 180 DOM
9. 2026-06-04
   days on market $200,000 Active 177 DOM
10. 2026-06-03
    days on market $200,000 Active 176 DOM
11. 2026-06-01
    days on market $200,000 Active 174 DOM
12. 2026-05-31
    days on market $200,000 Active 173 DOM
13. 2025-12-09
    listed $200,000 Active
14. 2014-02-05
    soldstatus $45,000
15. 2014-01-30
    soldstatus $40,009 611-char remark

    Show marketing remark (611 chars)

    BANK OWNED PROPERTY SOLD "AS IS" WITHOUT REPAIR OR WARRANTY. LISTING AGENT HAS NO KNOWLEDGE OF PROPERTY HISTORY, NO DISCLOSURES OR ASSOCIATION DOCS SUPPLIED. BUYER/BUYER'S AGENT IS RESPONSIBLE FOR VERIFYING HOA INFO & FEES, IF ANY, COMMUNITY RULES, SQ FT, LOT SIZE, ROOM DIMENSIONS AND TAXES. THIS PROPERTY IS UNDER AUCTION TERMS. AT CLOSING, IT IS SUBJECT TO A WEB TECH FEE AND MAY ALSO BE SUBJECT TO A BUYER'S PREMIUM PURSUANT TO THE TERMS & CONDITIONS. SELLER WILL NOT ALLOW WATER TO BE ACTIVATED/TURNED ON FOR ANY REASON. BUYER IS RESPONSIBLE FOR ACTIVATING/TURNING ON OTHER UTILITIES.

16. 2013-09-03
    listed $44,500 611-char remark

    Show marketing remark (611 chars)

    BANK OWNED PROPERTY SOLD "AS IS" WITHOUT REPAIR OR WARRANTY. LISTING AGENT HAS NO KNOWLEDGE OF PROPERTY HISTORY, NO DISCLOSURES OR ASSOCIATION DOCS SUPPLIED. BUYER/BUYER'S AGENT IS RESPONSIBLE FOR VERIFYING HOA INFO & FEES, IF ANY, COMMUNITY RULES, SQ FT, LOT SIZE, ROOM DIMENSIONS AND TAXES. THIS PROPERTY IS UNDER AUCTION TERMS. AT CLOSING, IT IS SUBJECT TO A WEB TECH FEE AND MAY ALSO BE SUBJECT TO A BUYER'S PREMIUM PURSUANT TO THE TERMS & CONDITIONS. SELLER WILL NOT ALLOW WATER TO BE ACTIVATED/TURNED ON FOR ANY REASON. BUYER IS RESPONSIBLE FOR ACTIVATING/TURNING ON OTHER UTILITIES.

17. 2011-05-31
    historical
18. 2010-01-04
    listed $49,999
19. 2009-05-29
    listed $59,900
20. 2006-08-11
    soldstatus $150,000
21. 2006-06-28
    soldstatus $150,000
22. 2006-03-20
    listed $155,000
23. 2005-10-31
    soldstatus $76,000

ⓘ 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: $1,800 · $150/mo
• Projected year-2 tax: $1,800 · $150/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 6/10 Major FEMA zone X (shaded) · 53% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,324
• − Mortgage interest: −$11,203
• − Property taxes: −$1,800
• − Insurance: −$1,000
• − Repairs & maintenance: −$2,186
• − Management: −$2,186
• − Depreciation: −$5,818
• Taxable income: $3,130
• Est. tax owed @ 24.0%: −$751
• After-tax cash flow: $5,448/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 — Clearwater

• Score: 82/100
• State rank: #60
• US rank: #988

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Clearwater, FL
• County: Pinellas County · 939,478 people
• City population: 170,933
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,476
• Household income: $62,886
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 1511.0

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 0.63)
• Race & ethnicity: White 54% Black 22% Hispanic / Latino 17% Two or more races 10% Asian 3%
• Hispanic origin (detail): Mexican 6% Puerto Rican 5% Cuban 1%
• Common ancestry: Romanian 2% Italian 2% Arab 1%
• Foreign-born: 15% · Canada
• Languages at home: 78% English-only · Spanish 13% Other Indo-European 3% Russian/Polish/Slavic 2%

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: ▼ -472.62%
• Current HPI: 351.4973
• Rent YoY: ▼ -2.20%
• 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

+163.2% since first listed

11 events — show timeline

• 2025-12-09 Listed $200,000 ForSaleByOwner.com
• 2014-02-05 Sold (Public Records) $45,000 Public Records
• 2014-01-30 Sold (MLS) $40,009 Stellar MLS as Distributed by MLS Grid
• 2013-09-03 Listed $44,500 Stellar MLS as Distributed by MLS Grid
• 2011-05-31 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2010-01-04 Listed $49,999 Stellar MLS as Distributed by MLS Grid
• 2009-05-29 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2006-08-11 Sold (Public Records) $150,000 Public Records
• 2006-06-28 Sold (MLS) $150,000 Stellar MLS as Distributed by MLS Grid
• 2006-03-20 Listed $155,000 Stellar MLS as Distributed by MLS Grid
• 2005-10-31 Sold (Public Records) $76,000 Public Records

Property tax history

+5.6%/yr

Latest (2025): $1,800 · +3.4% YoY. Source: county tax records.