1330 Glen Oaks Dr E Unit 174D · Sarasota, FL 34232

$163,000

2 bd · 2.0 ba · 932 sqft · Condo public records · 145 Days on market

Built 1978 $550/mo HOA · 28% of rent

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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).

• Cash flow +10.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.9/10.0
• Schools +5.4/10.0
• Livability +4.0/5.0
• DSCR +2.9/10.0
• Condition / age +2.5/5.0
• Rent growth +1.6/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming, super clean and very well taken care of 2-bedroom, 2-bathroom condo is now available in Glen Oaks, a vibrant 55+ community with a great central Sarasota location close to downtown, UTC Mall, restaurants, shopping, dog parks, golf courses, and world-renowned beaches. This updated home features stylish ceramic tile throughout, a bright and airy layout, and a wonderful sunny south-facing all-weather patio perfect for morning coffee. Enjoy resort-style amenities including a large heated community pool, shuffleboard courts, barbecue grills, a fantastic clubhouse, a tropical courtyard entryway, covered parking, and plenty of guest spaces. Additional appointments include an updated kitchen with extra counter space and light wood cabinetry, updated baths with beautifully tiled showers, modern finishes, stylish vanities and fixtures, fans in all rooms, lots of closet space, and extra outside storage for beach chairs and holiday items. Glen Oaks has a minimum rental policy, strong reserves, reasonable fees, no assessments, and is up to date on all newly required inspections. Move-in ready and located on the 1st floor, this condo offers comfort, ease of use, and a quiet retreat in the middle of it all. Make this your new vacation home or enjoy year-round living. Schedule your showing today.

Key facts

• Shuffleboard courts
• Barbecue grills
• Fantastic clubhouse

Tags

• SOUTH FACING ALL WEATHER PATIO
• HEATED COMMUNITY POOL
• SHUFFLEBOARD COURTS
• BARBECUE GRILLS
• FANTASTIC CLUBHOUSE
• TROPICAL COURTYARD ENTRYWAY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $163k.

Deal economics

• At list price, monthly cash flow is $-97 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $146k (10.6% below list).
• Meets the 1% rule at list price ($2k rent vs $163k).
• Recommended offer: $143k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 80/100 on livability (#121 in FL, #1,854 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, health & safety A+, commute A; Watch: crime 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.
• Zoned schools: Tuttle Elementary School (math 39% / reading 36%, grade F, #1,596 of 2,144 statewide, top 75%, 665 students, 84% FRL); Booker Middle School (math 45% / reading 41%, grade D-, #331 of 571 statewide, top 59%, 950 students, 76% FRL); Booker High School (math 26% / reading 43%, grade F, #386 of 667 statewide, top 59%, 1,309 students, 68% FRL) — zoned schools average 76% FRL vs 42% district-wide (34 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 38% at this address vs 63% district-wide (-25 pts) — the specific schools serving this property underperform the Sarasota average; the district grade overstates school quality for this exact location.
• Market conditions: Rents falling (-3.5%/yr); 267 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 $1k of loan paydown is wiped out by about $5k 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 145 days — a 12% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts 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 $53k; list at $163k implies a 208% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 28% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→29/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $143,440 (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 145 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
5. 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?
6. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
7. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
8. 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?
9. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
10. 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?
11. 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.
12. 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.
13. 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: 1.19% ✓
• Cap rate: 5.58%
• Cash-on-cash: -2.56%
• DSCR: 0.89
• GRM: 7.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -25.5%
• Equity multiple: 0.17×
• Total profit: $-37,973
• Equity at exit: $24,304

10-year hold

• IRR: -46.7%
• Equity multiple: -0.35×
• Total profit: $-61,686
• Equity at exit: $14,093

Cash invested: $45,640 (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 34232

• Rents YoY: -3.5%
• Active inventory: 267
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,944 medium
• Mortgage (P&I): −$855
• Tax from tax record: −$160 /mo · $1,925/yr
• Insurance: −$68
• HOA: −$550
• Vacancy / Maint / Mgmt: −$408
• Net cashflow: $-97

Break-even live

Break-even rent $2,067

Max offer price $145,795

Occupancy floor —

Sensitivity live

Price	-10% $-5	-5% $-51	+0% $-97	+5% $-144	+10% $-190
Rent	-10% $-251	-5% $-174	+0% $-97	+5% $-21	+10% $56
Rate	-1.0pp $-15	-0.5pp $-56	base $-97	+0.5pp $-140	+1.0pp $-183

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: $40,750
• Closing costs: $4,890
• Reserves months: —
• Total cash needed: —

HOA detail condo

• Monthly dues: $550 · $6,600/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 25 events

1. 2026-06-21
   days on market $163,000 Active 145 DOM
2. 2026-06-18
   days on market $163,000 Active 142 DOM
3. 2026-06-17
   days on market $163,000 Active 141 DOM
4. 2026-06-16
   days on market $163,000 Active 140 DOM
5. 2026-06-15
   days on market $163,000 Active 139 DOM
6. 2026-06-13
   days on market $163,000 Active 137 DOM
7. 2026-06-13
   days on market $163,000 Active 136 DOM
8. 2026-06-10
   days on market $163,000 Active 134 DOM
9. 2026-06-09
   days on market $163,000 Active 133 DOM
10. 2026-06-08
    days on market $163,000 Active 132 DOM
11. 2026-06-08
    days on market $163,000 Active 131 DOM
12. 2026-06-05
    days on market $163,000 Active 128 DOM
13. 2026-06-03
    days on market $163,000 Active 127 DOM
14. 2026-06-02
    days on market $163,000 Active 126 DOM
15. 2026-06-01
    days on market $163,000 Active 125 DOM
16. 2026-05-31
    days on market $163,000 Active 124 DOM
17. 2026-04-27
    price $163,000 1315-char remark

    Show marketing remark (1315 chars)

    This charming, super clean and very well taken care of 2-bedroom, 2-bathroom condo is now available in Glen Oaks, a vibrant 55+ community with a great central Sarasota location close to downtown, UTC Mall, restaurants, shopping, dog parks, golf courses, and world-renowned beaches. This updated home features stylish ceramic tile throughout, a bright and airy layout, and a wonderful sunny south-facing all-weather patio perfect for morning coffee. Enjoy resort-style amenities including a large heated community pool, shuffleboard courts, barbecue grills, a fantastic clubhouse, a tropical courtyard entryway, covered parking, and plenty of guest spaces. Additional appointments include an updated kitchen with extra counter space and light wood cabinetry, updated baths with beautifully tiled showers, modern finishes, stylish vanities and fixtures, fans in all rooms, lots of closet space, and extra outside storage for beach chairs and holiday items. Glen Oaks has a minimum rental policy, strong reserves, reasonable fees, no assessments, and is up to date on all newly required inspections. Move-in ready and located on the 1st floor, this condo offers comfort, ease of use, and a quiet retreat in the middle of it all. Make this your new vacation home or enjoy year-round living. Schedule your showing today.

18. 2026-03-04
    price $167,000 1315-char remark

    Show marketing remark (1315 chars)

    This charming, super clean and very well taken care of 2-bedroom, 2-bathroom condo is now available in Glen Oaks, a vibrant 55+ community with a great central Sarasota location close to downtown, UTC Mall, restaurants, shopping, dog parks, golf courses, and world-renowned beaches. This updated home features stylish ceramic tile throughout, a bright and airy layout, and a wonderful sunny south-facing all-weather patio perfect for morning coffee. Enjoy resort-style amenities including a large heated community pool, shuffleboard courts, barbecue grills, a fantastic clubhouse, a tropical courtyard entryway, covered parking, and plenty of guest spaces. Additional appointments include an updated kitchen with extra counter space and light wood cabinetry, updated baths with beautifully tiled showers, modern finishes, stylish vanities and fixtures, fans in all rooms, lots of closet space, and extra outside storage for beach chairs and holiday items. Glen Oaks has a minimum rental policy, strong reserves, reasonable fees, no assessments, and is up to date on all newly required inspections. Move-in ready and located on the 1st floor, this condo offers comfort, ease of use, and a quiet retreat in the middle of it all. Make this your new vacation home or enjoy year-round living. Schedule your showing today.

19. 2026-01-27
    listed $170,000 Active 1315-char remark

    Show marketing remark (1315 chars)

    This charming, super clean and very well taken care of 2-bedroom, 2-bathroom condo is now available in Glen Oaks, a vibrant 55+ community with a great central Sarasota location close to downtown, UTC Mall, restaurants, shopping, dog parks, golf courses, and world-renowned beaches. This updated home features stylish ceramic tile throughout, a bright and airy layout, and a wonderful sunny south-facing all-weather patio perfect for morning coffee. Enjoy resort-style amenities including a large heated community pool, shuffleboard courts, barbecue grills, a fantastic clubhouse, a tropical courtyard entryway, covered parking, and plenty of guest spaces. Additional appointments include an updated kitchen with extra counter space and light wood cabinetry, updated baths with beautifully tiled showers, modern finishes, stylish vanities and fixtures, fans in all rooms, lots of closet space, and extra outside storage for beach chairs and holiday items. Glen Oaks has a minimum rental policy, strong reserves, reasonable fees, no assessments, and is up to date on all newly required inspections. Move-in ready and located on the 1st floor, this condo offers comfort, ease of use, and a quiet retreat in the middle of it all. Make this your new vacation home or enjoy year-round living. Schedule your showing today.

20. 2025-04-11
    historical
21. 2025-04-10
    status Active
22. 2025-04-09
    status Pending
23. 2025-02-13
    listed $179,500 Active
24. 1995-04-27
    soldstatus $53,000
25. 1989-09-11
    soldstatus $53,000

ⓘ 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: $1,925 · $160/mo
• Projected year-2 tax: $1,925 · $160/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 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 29 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: $23,328
• − Mortgage interest: −$9,131
• − Property taxes: −$1,925
• − Insurance: −$815
• − Repairs & maintenance: −$1,866
• − Management: −$1,866
• − HOA: −$6,600
• − Depreciation: −$4,742
• Taxable loss: −$3,617
• Est. tax savings @ 24.0%: +$868
• After-tax cash flow: $-301/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 — Sarasota

• Score: 80/100
• State rank: #121
• US rank: #1854

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sarasota, FL
• County: Sarasota County · 448,376 people
• City population: 261,896
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 34,013
• Household income: $80,795
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 1676.0

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 (79%)
• Race & ethnicity: White 79% Hispanic / Latino 13% Two or more races 8% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 13% · Canada, Jamaica, Vietnam
• Languages at home: 84% English-only · Spanish 10% German/W. Germanic 2% Other Indo-European 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: ▼ -426.24%
• Current HPI: 337.9799
• Rent YoY: ▼ -3.45%
• 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

+207.5% since first listed

9 events — show timeline

• 2026-04-27 Price Changed $163,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-04 Price Changed $167,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Listed $170,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-04-09 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-02-13 Listed $179,500 Stellar MLS as Distributed by MLS Grid
• 1995-04-27 Sold (Public Records) $53,000 Public Records
• 1989-09-11 Sold (Public Records) $53,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $1,925 · +1.1% YoY. Source: county tax records.