2981 Crane Ave · North Port, FL 34286

$299,900

3 bd · 2.5 ba · 1,440 sqft · SingleFamily public records · 133 Days on market

Built 1981 0.47 ac lot $208/sqft · 15% below area Est $352k · 15% under

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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).

• ARV discount +14.1/15.0
• Cash flow +8.0/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• 1% rule +2.4/10.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This recently renovated 3-bedroom, 2.5-bath pool home pairs modern finishes with the space and charm of an established neighborhood. Inside, a spacious living and dining area is finished in soft neutral tones, tall baseboards, and durable laminate flooring that continues through the bedrooms for a cohesive, refined look. The upgraded kitchen is designed for both everyday living and entertaining, featuring bright shaker cabinetry, granite countertops, stainless steel appliances, a classic subway-tile backsplash, and open shelving that frames the window and fills the space with natural light. The private primary suite offers a generous bedroom, double closets, and a stylish en-suite bath with a fully tiled walk-in shower and striking matte fixtures. Two additional bedrooms share an updated hall bath, and a convenient half bath adds flexibility for guests. Step outside to the oversized screened pool enclosure and expansive backyard—ideal for relaxing, grilling, and enjoying Florida living year-round. This home features 2-car attached garage plus a 1-car detached garage—ideal for a workshop or potential conversion into a guest suite.

Key facts

• Upgraded kitchen
• Expansive backyard
• Renovated pool home

Tags

• RENOVATED POOL HOME
• UPGRADED KITCHEN
• PRIVATE PRIMARY SUITE
• EXPANSIVE BACKYARD
• 2-CAR ATTACHED GARAGE
• 1-CAR DETACHED GARAGE

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-306 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $246k (18.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $223k (25.8% below list).
• Recommended offer: $223k (25.8% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.8% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: 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.
• Zoned schools: Cranberry Elementary School (math 69% / reading 68%, grade B+, #409 of 2,144 statewide, top 20%, 785 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 64% FRL vs 42% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+1.1%/yr); 852 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 33% of the median local income ($81k/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 $2k of loan paydown is wiped out by about $9k 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 133 days — a 12% lower offer ($264k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 20y ago; this cycle's ask has dropped $29k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $248k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→23/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,646 (25.8% 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 133 days. Have you received any prior offers? Is the seller open to a 26% concession, seller financing, or rate buy-down credit?
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. 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?
6. 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?
7. 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.
8. 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.
9. 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: 0.74% ✗
• Cap rate: 5.07%
• Cash-on-cash: -4.37%
• DSCR: 0.81
• GRM: 11.2

CMA / ARV

• ARV (median comp): $351,870
• List price: $299,900
• Delta: -14.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
141 Camillia Ln	0.70mi	3/2.0	1,469 (+2%)	7mo	$311,000	$212	56
15102 Keene Ave	0.60mi	3/2.0	1,469 (+2%)	14mo	$313,000	$213	56
133 Camillia Ln	0.69mi	3/2.0	1,285 (-11%)	12mo	$276,000	$215	38
15009 Dania Ave	0.54mi	2/2.0 (-1)	1,232 (-14%)	21mo	$242,000	$196	26

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 · 1.12% rent growth · sell at horizon

5-year hold

• IRR: -25.8%
• Equity multiple: 0.14×
• Total profit: $-72,160
• Equity at exit: $44,716

10-year hold

• IRR: -29.5%
• Equity multiple: -0.24×
• Total profit: $-104,110
• Equity at exit: $25,930

Cash invested: $83,972 (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 34286

• Home prices YoY: -9.5%
• Rents YoY: 1.1%
• Active inventory: 852
• Price-to-rent: 11.2×

Monthly cashflow live

• Estimated rent: $2,226 high
• Mortgage (P&I): −$1,573
• Tax from tax record: −$367 /mo · $4,401/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$468
• Net cashflow: $-306

Break-even live

Break-even rent $2,613

Max offer price $245,932

Occupancy floor —

Sensitivity live

Price	-10% $-136	-5% $-221	+0% $-306	+5% $-390	+10% $-475
Rent	-10% $-481	-5% $-393	+0% $-306	+5% $-218	+10% $-130
Rate	-1.0pp $-154	-0.5pp $-229	base $-306	+0.5pp $-383	+1.0pp $-462

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
96 Westview Pl Port Charlotte, FL	1.0–3.0	1.0–2.0	1120	$2,303	$2.06	15d	38	0.40mi
14500 Ransom Ave Port Charlotte, FL	2.0	2.0	1208	$1,976	$1.64	23d	1	0.66mi
232 Bamboo Dr Unit A Port Charlotte, FL	3.0	2.0	1018	$1,395	$1.37	15d	1	0.80mi
312 Bamboo Dr Port Charlotte, FL	3.0	2.0	1200	$2,300	$1.92	23d	1	0.94mi
358 Bamboo Dr Port Charlotte, FL	2.0	2.0	1052	$1,399	$1.33	23d	1	1.03mi
385 Bowman Ter Unit 387 Port Charlotte, FL	3.0	2.0	1200	$1,900	$1.58	23d	1	1.06mi
14134 Packard Ave Port Charlotte, FL	4.0	2.0	1833	$2,095	$1.14	15d	1	1.07mi
15476 Chamberlain Blvd Port Charlotte, FL	3.0	2.0	1521	$2,159	$1.42	15d	1	1.41mi

Listing history 32 events

1. 2026-06-21
   days on market $299,900 Active 133 DOM
2. 2026-06-18
   days on market $299,900 Active 130 DOM
3. 2026-06-17
   days on market $299,900 Active 129 DOM
4. 2026-06-16
   days on market $299,900 Active 128 DOM
5. 2026-06-15
   days on market $299,900 Active 127 DOM
6. 2026-06-13
   days on market $299,900 Active 125 DOM
7. 2026-06-13
   days on market $299,900 Active 124 DOM
8. 2026-06-10
   days on market $299,900 Active 122 DOM
9. 2026-06-09
   days on market $299,900 Active 121 DOM
10. 2026-06-08
    days on market $299,900 Active 120 DOM
11. 2026-06-08
    days on market $299,900 Active 119 DOM
12. 2026-06-05
    days on market $299,900 Active 116 DOM
13. 2026-06-03
    days on market $299,900 Active 115 DOM
14. 2026-06-02
    days on market $299,900 Active 114 DOM
15. 2026-06-01
    days on market $299,900 Active 113 DOM
16. 2026-05-31
    days on market $299,900 Active 112 DOM
17. 2026-05-18
    price $299,900 1159-char remark

    Show marketing remark (1159 chars)

    This recently renovated 3-bedroom, 2.5-bath pool home pairs modern finishes with the space and charm of an established neighborhood. Inside, a spacious living and dining area is finished in soft neutral tones, tall baseboards, and durable laminate flooring that continues through the bedrooms for a cohesive, refined look. The upgraded kitchen is designed for both everyday living and entertaining, featuring bright shaker cabinetry, granite countertops, stainless steel appliances, a classic subway-tile backsplash, and open shelving that frames the window and fills the space with natural light. The private primary suite offers a generous bedroom, double closets, and a stylish en-suite bath with a fully tiled walk-in shower and striking matte fixtures. Two additional bedrooms share an updated hall bath, and a convenient half bath adds flexibility for guests. Step outside to the oversized screened pool enclosure and expansive backyard—ideal for relaxing, grilling, and enjoying Florida living year-round. This home features 2-car attached garage plus a 1-car detached garage—ideal for a workshop or potential conversion into a guest suite.

18. 2026-04-16
    price $309,900 1159-char remark

    Show marketing remark (1159 chars)

    This recently renovated 3-bedroom, 2.5-bath pool home pairs modern finishes with the space and charm of an established neighborhood. Inside, a spacious living and dining area is finished in soft neutral tones, tall baseboards, and durable laminate flooring that continues through the bedrooms for a cohesive, refined look. The upgraded kitchen is designed for both everyday living and entertaining, featuring bright shaker cabinetry, granite countertops, stainless steel appliances, a classic subway-tile backsplash, and open shelving that frames the window and fills the space with natural light. The private primary suite offers a generous bedroom, double closets, and a stylish en-suite bath with a fully tiled walk-in shower and striking matte fixtures. Two additional bedrooms share an updated hall bath, and a convenient half bath adds flexibility for guests. Step outside to the oversized screened pool enclosure and expansive backyard—ideal for relaxing, grilling, and enjoying Florida living year-round. This home features 2-car attached garage plus a 1-car detached garage—ideal for a workshop or potential conversion into a guest suite.

19. 2026-03-08
    price $318,900 1159-char remark

    Show marketing remark (1159 chars)

    This recently renovated 3-bedroom, 2.5-bath pool home pairs modern finishes with the space and charm of an established neighborhood. Inside, a spacious living and dining area is finished in soft neutral tones, tall baseboards, and durable laminate flooring that continues through the bedrooms for a cohesive, refined look. The upgraded kitchen is designed for both everyday living and entertaining, featuring bright shaker cabinetry, granite countertops, stainless steel appliances, a classic subway-tile backsplash, and open shelving that frames the window and fills the space with natural light. The private primary suite offers a generous bedroom, double closets, and a stylish en-suite bath with a fully tiled walk-in shower and striking matte fixtures. Two additional bedrooms share an updated hall bath, and a convenient half bath adds flexibility for guests. Step outside to the oversized screened pool enclosure and expansive backyard—ideal for relaxing, grilling, and enjoying Florida living year-round. This home features 2-car attached garage plus a 1-car detached garage—ideal for a workshop or potential conversion into a guest suite.

20. 2026-02-08
    listed $329,000 Active 1159-char remark

    Show marketing remark (1159 chars)

    This recently renovated 3-bedroom, 2.5-bath pool home pairs modern finishes with the space and charm of an established neighborhood. Inside, a spacious living and dining area is finished in soft neutral tones, tall baseboards, and durable laminate flooring that continues through the bedrooms for a cohesive, refined look. The upgraded kitchen is designed for both everyday living and entertaining, featuring bright shaker cabinetry, granite countertops, stainless steel appliances, a classic subway-tile backsplash, and open shelving that frames the window and fills the space with natural light. The private primary suite offers a generous bedroom, double closets, and a stylish en-suite bath with a fully tiled walk-in shower and striking matte fixtures. Two additional bedrooms share an updated hall bath, and a convenient half bath adds flexibility for guests. Step outside to the oversized screened pool enclosure and expansive backyard—ideal for relaxing, grilling, and enjoying Florida living year-round. This home features 2-car attached garage plus a 1-car detached garage—ideal for a workshop or potential conversion into a guest suite.

21. 2024-09-09
    historical
22. 2024-08-15
    price $387,000
23. 2024-04-19
    listed $389,900 Active
24. 2023-09-27
    soldstatus $248,000
25. 2011-03-22
    soldstatus $72,900
26. 2010-11-15
    listed $79,900
27. 2006-11-02
    soldstatus $259,900
28. 2006-09-13
    soldstatus $259,900
29. 2006-06-27
    listed $259,900
30. 1999-11-03
    soldstatus $86,500
31. 1992-10-05
    soldstatus $73,000
32. 1992-05-04
    soldstatus $65,300

ⓘ 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: $4,401 · $367/mo
• Projected year-2 tax: $4,401 · $367/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 5/10 Major FEMA zone X (unshaded) · 26% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 6 d/yr ≥108°F today · 23 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: $26,718
• − Mortgage interest: −$16,799
• − Property taxes: −$4,401
• − Insurance: −$1,500
• − Repairs & maintenance: −$2,137
• − Management: −$2,137
• − Depreciation: −$8,724
• Taxable loss: −$8,981
• Est. tax savings @ 24.0%: +$2,155
• After-tax cash flow: $-1,511/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 — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 22,534
• Household income: $80,553
• Rent vs Own: 20.6% rent · 79.4% own
• Severe rent burden: 545.0

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 (81%)
• Race & ethnicity: White 81% Hispanic / Latino 10% Two or more races 8% Black 3% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4% Cuban 2%
• Common ancestry: Romanian 7% Lithuanian 4% Subsaharan African 2%
• Foreign-born: 9% · Canada
• Languages at home: 86% English-only · Spanish 7% Russian/Polish/Slavic 4% 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: ▼ -31.36%
• Current HPI: 297.3707
• Rent YoY: ▲ 1.12%
• 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

+359.3% since first listed

16 events — show timeline

• 2026-05-18 Price Changed $299,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-16 Price Changed $309,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $318,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-08 Listed $329,000 Stellar MLS as Distributed by MLS Grid
• 2024-09-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2024-08-15 Price Changed $387,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-19 Listed $389,900 Stellar MLS as Distributed by MLS Grid
• 2023-09-27 Sold (Public Records) $248,000 Public Records
• 2011-03-22 Sold (MLS) $72,900 Stellar MLS as Distributed by MLS Grid
• 2010-11-15 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2006-11-02 Sold (Public Records) $259,900 Public Records
• 2006-09-13 Sold (MLS) $259,900 Stellar MLS as Distributed by MLS Grid
• 2006-06-27 Listed $259,900 Stellar MLS as Distributed by MLS Grid
• 1999-11-03 Sold (Public Records) $86,500 Public Records
• 1992-10-05 Sold (Public Records) $73,000 Public Records
• 1992-05-04 Sold (Public Records) $65,300 Public Records

Property tax history

+8.2%/yr

Latest (2025): $4,401 · +3.7% YoY. Source: county tax records.