1697 Northampton St Unit 1699-D · Venice Gardens, FL 34293

$174,000

2 bd · 2.0 ba · 1,186 sqft · Condo public records · 273 Days on market

Built 1980 $550/mo HOA · 24% of rent

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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 +19.1/30.0
• 1% rule +8.1/10.0
• ARV discount +7.5/15.0
• DSCR +6.0/10.0
• Schools +5.4/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

Key facts

• Modernized kitchen
• Walk-in closet
• Wood cabinetry

Tags

• LUXURY VINYL PLANK FLOORING
• MODERNIZED KITCHEN
• WOOD CABINETRY
• GRANITE COUNTERTOPS
• WALK-IN CLOSET
• RENOVATED EN-SUITE BATHROOM

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $174k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $174k).
• Recommended offer: $153k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#537 in FL) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A-; Watch: schools D+, 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; 1247 active listings in the ZIP; solid renter incomes; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 30% of the median local income ($90k/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 $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 273 days — a 12% lower offer ($153k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask is 13285% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: HOA is 24% 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 $153,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 273 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
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 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: 1.31% ✓
• Cap rate: 7.56%
• Cash-on-cash: 4.52%
• DSCR: 1.20
• GRM: 6.4

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: -12.5%
• Equity multiple: 0.56×
• Total profit: $-21,371
• Equity at exit: $25,944

10-year hold

• IRR: -8.5%
• Equity multiple: 0.54×
• Total profit: $-22,583
• Equity at exit: $15,044

Cash invested: $48,720 (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: 1247
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $2,279 medium
• Mortgage (P&I): −$912
• Tax from tax record: −$82 /mo · $982/yr
• Insurance: −$72
• HOA: −$550
• Vacancy / Maint / Mgmt: −$479
• Net cashflow: $184

Break-even live

Break-even rent $2,047

Max offer price $174,000

Occupancy floor 87%

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: $43,500
• Closing costs: $5,220
• Reserves months: —
• Total cash needed: —

HOA detail condo

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

Listing history 28 events

1. 2026-06-18
   days on market $174,000 Active 273 DOM
2. 2026-06-17
   days on market $174,000 Active 272 DOM
3. 2026-06-15
   days on market $174,000 Active 270 DOM
4. 2026-06-13
   days on market $174,000 Active 268 DOM
5. 2026-06-13
   days on market $174,000 Active 267 DOM
6. 2026-06-10
   days on market $174,000 Active 265 DOM
7. 2026-06-09
   days on market $174,000 Active 264 DOM
8. 2026-06-08
   days on market $174,000 Active 262 DOM
9. 2026-06-05
   days on market $174,000 Active 259 DOM
10. 2026-06-03
    days on market $174,000 Active 258 DOM
11. 2026-06-02
    days on market $174,000 Active 257 DOM
12. 2026-06-01
    days on market $174,000 Active 256 DOM
13. 2026-05-31
    days on market $174,000 Active 255 DOM
14. 2026-05-08
    status Active 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

15. 2026-04-30
    historical 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

16. 2026-04-20
    listed $1,300
17. 2026-02-26
    price $174,000 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

18. 2026-01-08
    price $179,000 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

19. 2025-11-24
    price $185,000 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

20. 2025-10-27
    price $190,000 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

21. 2025-09-10
    listed $195,000 Active 1251-char remark

    Show marketing remark (1251 chars)

    Welcome to Villa Nova, a beautifully maintained 55+ community tucked away in the heart of Venice. Known for its lush landscaping, friendly atmosphere, and convenient location, this community is just minutes to I-75, Gulf Coast beaches, historic Venice Avenue, and a variety of nearby dining and shopping options. This move-in-ready condo offers bright, open-concept living with luxury vinyl plank flooring throughout and generous room sizes with ample closet and storage space. The stylish kitchen, updated in 2021, features wood cabinetry and granite countertops. The spacious primary suite includes a walk-in closet and an updated en-suite bath with a walk-in shower, while the guest bath has also been tastefully renovated for a cohesive, modern feel. Relax on the oversized screened lanai and enjoy peaceful sunrises and year-round breezes. Additional features include in-unit laundry and a new electric panel (2024). The building also has a new roof, and the condo fee was recently reduced, providing added value and peace of mind. Residents enjoy a well-appointed clubhouse with a heated pool, library, kitchen, and outdoor grill. Be sure to view the 3D walkthrough tour to fully experience this lovely home. Schedule your private showing today.

22. 2025-06-12
    historical
23. 2025-04-08
    price $209,000
24. 2025-03-28
    listed $219,000 Active
25. 2005-04-01
    soldstatus $170,000
26. 2000-11-06
    soldstatus $76,900
27. 1999-01-11
    soldstatus $70,000
28. 1984-06-01
    soldstatus $65,000

ⓘ 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: $982 · $82/mo
• Projected year-2 tax: $1,444 · $120/mo
• Expected delta: +$462/yr (+$38/mo · 47.0%)

ⓘ 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 · 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: $27,348
• − Mortgage interest: −$9,747
• − Property taxes: −$982
• − Insurance: −$870
• − Repairs & maintenance: −$2,188
• − Management: −$2,188
• − HOA: −$6,600
• − Depreciation: −$5,062
• Taxable loss: −$289
• Est. tax savings @ 24.0%: +$69
• After-tax cash flow: $2,272/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 — Venice Gardens

• Score: 68/100
• State rank: #537
• US rank: #10074

Category grades

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

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

-98.0% since first listed

15 events — show timeline

• 2026-05-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-20 Listed for Rent $1,300 STELLARMLS
• 2026-02-26 Price Changed $174,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-08 Price Changed $179,000 Stellar MLS as Distributed by MLS Grid
• 2025-11-24 Price Changed $185,000 Stellar MLS as Distributed by MLS Grid
• 2025-10-27 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2025-09-10 Listed $195,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-12 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-04-08 Price Changed $209,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-28 Listed $219,000 Stellar MLS as Distributed by MLS Grid
• 2005-04-01 Sold (Public Records) $170,000 Public Records
• 2000-11-06 Sold (Public Records) $76,900 Public Records
• 1999-01-11 Sold (Public Records) $70,000 Public Records
• 1984-06-01 Sold (Public Records) $65,000 Public Records

Property tax history

+3.5%/yr

Latest (2025): $982 · +5.4% YoY. Source: county tax records.