4207 34th Avenue Dr W #4207 · Bradenton, FL 34205

$178,000

2 bd · 2.0 ba · 1,015 sqft · Condo public records · 192 Days on market

Built 1978 $517/mo HOA · 25% 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 +10.8/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +4.4/10.0
• Livability +4.0/5.0
• DSCR +3.1/10.0
• Condition / age +2.5/5.0
• Rent growth +1.9/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great location! Close to restaurants, shopping and is approximately 10-15 minutes to beautiful Gulf beaches. This 2 bed 2 bath is quaint, cozy, and comes partially furnished. You will love the eat-in kitchen for a quick breakfast and the dining room to entertain guests for dinner. Spend your Saturdays at the beach because there is no lawn maintenance to worry about here. Set up a showing before it is gone. Room measurements are approximate, buyer is advised to verify.

Key facts

• Ample counter space
• Newer appliances
• Updated cabinetry

Tags

• OPEN LIGHT FILLED FLOOR PLAN
• UPDATED CABINETRY
• NEWER APPLIANCES
• AMPLE COUNTER SPACE
• PRIVATE EN SUITE BATH
• GENEROUS CLOSET SPACE

Property features AI

Finance

• Other: Homestead exempt; Home warranty available
• Financial info: Total monthly fees: $517; Total annual fees: $6,204; Lease restrictions apply
• HOA & community: Association-managed (Molly Treworgy - Gulf Coast Management); Monthly condo fee: $517 (includes cable TV, pool, insurance, structure & grounds maintenance, pest control, sewer, trash, water); Association approval required; Community clubhouse and pool; Association recreation owned; Community mailbox; Golf carts allowed; Sidewalks; Pets allowed (cats and dogs); Senior community

Exterior

• Utilities: Public water; Public sewer; Electricity connected; Sewer connected; Water connected
• Home design: Condominium; Residential property; One story; Faces northwest; Floor 1
• Construction: Block and concrete construction; Shingle roof; Block and slab foundation; Built as part of building number 4207
• Exterior features: Sidewalk; Sliding doors

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Living room / dining room combo; Thermostat
• Laundry & utility: Washer and dryer (laundry in kitchen); Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $178k.

Deal economics

• At list price, monthly cash flow is $-82 ($-979/yr) — negative.
• To cash-flow at today's rent, offer at most $164k (8.1% below list).
• Meets the 1% rule at list price ($2k rent vs $178k).
• Recommended offer: $157k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% vs local median 3.6% in Bradenton — 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 81/100 on livability (#101 in FL, #1,528 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime D, amenities F.
• Manatee (suburban): math 54% / reading 50% proficiency, ranked #26 of 73 in FL (top 36%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Jessie P. Miller Elementary School (math 61% / reading 53%, grade C+, #781 of 2,144 statewide, top 38%, 614 students, 66% FRL); Manatee High School (math 32% / reading 47%, grade F, #304 of 667 statewide, top 47%, 1,983 students, 59% FRL).
• Market conditions: Rents soft (-2.4%/yr); 319 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 7,472 units permitted in Manatee County in 2024 (1,782 in 5+ unit buildings).
• At $2,035/mo this rent would consume 46% of the median local household income ($53k/yr) (locally 1736% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• Manatee County population projected at +43% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($157k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 5y ago; this cycle's ask has dropped $37k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 25% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→30/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,640 (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 192 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. Crime grade is D 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?
9. 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?
10. 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.
11. 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.
12. 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: 1.14% ✓
• Cap rate: 5.74%
• Cash-on-cash: -1.97%
• DSCR: 0.91
• GRM: 7.3

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: -24.2%
• Equity multiple: 0.20×
• Total profit: $-39,692
• Equity at exit: $26,540

10-year hold

• IRR: -39.3%
• Equity multiple: -0.26×
• Total profit: $-63,029
• Equity at exit: $15,390

Cash invested: $49,840 (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 34205

• Rents YoY: -2.4%
• Active inventory: 319
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,035 high
• Mortgage (P&I): −$933
• Tax from tax record: −$164 /mo · $1,972/yr
• Insurance: −$74
• HOA: −$517
• Vacancy / Maint / Mgmt: −$427
• Net cashflow: $-82

Break-even live

Break-even rent $2,138

Max offer price $163,582

Occupancy floor 99%

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: $44,500
• Closing costs: $5,340
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4460 Fairways Blvd #606 Bradenton, FL	2.0	2.0	1256	$2,000	$1.59	16d	1	0.38mi
4107 41st St W Bradenton, FL	3.0	2.0	1419	$3,700	$2.61	23d	1	0.42mi
3806 Southern Pkwy W Bradenton, FL	3.0	2.0	1296	$2,176	$1.68	11d	1	0.44mi
3401 50th St W Bradenton, FL	3.0	2.0	1418	$2,699	$1.90	23d	1	0.47mi
4570 Pinebrook Cir #304 Bradenton, FL	2.0	2.0	1256	$3,100	$2.47	23d	1	0.51mi
4325 40th St W Bradenton, FL	1.0–2.0	1.0–2.0	775	$1,675	$2.16	10d	9	0.52mi
4040 Ironwood Cir Unit 404F Bradenton, FL	2.0	2.0	1008	$1,750	$1.74	11d	1	0.53mi
4040 Ironwood Cir Unit 406F Bradenton, FL	2.0	2.0	1008	$1,675	$1.66	16d	1	0.53mi
4240 Ironwood Cir #404 Bradenton, FL	2.0	2.0	1008	$2,495	$2.48	23d	1	0.55mi
3603 Oxford Dr W Bradenton, FL	2.0	2.0	1400	$2,400	$1.71	23d	1	0.56mi
4110 Ironwood Cir #104 Bradenton, FL	2.0	2.0	1152	$1,800	$1.56	23d	1	0.61mi
4460 Ironwood Cir Unit 501A Bradenton, FL	1.0	1.5	840	$2,595	$3.09	23d	1	0.62mi
3512 32nd St W Bradenton, FL	2.0	1.0	1200	$2,100	$1.75	3d	1	0.63mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	2d	1	0.64mi
4460 Ironwood Cir Unit 406 Bradenton, FL	1.0	1.0	750	$1,600	$2.13	21d	1	0.64mi
4210 Ironwood Cir Unit 103J Bradenton, FL	1.0	1.0	750	$1,800	$2.40	23d	1	0.65mi
108 Pinehurst Dr Bradenton, FL	2.0	2.0	1408	$2,500	$1.78	23d	1	0.73mi
4457 45th Ave W #211 Bradenton, FL	2.0	2.0	912	$1,950	$2.14	16d	1	0.76mi
3909 45th Ter W #106 Bradenton, FL	2.0	2.5	1429	$1,800	$1.26	16d	1	0.78mi
4655 46th Street Ct W #103 Bradenton, FL	2.0	2.0	1141	$600	$0.53	3d	1	0.86mi
3715 45th Ter W Bradenton, FL	2.0	2.5	1429	$1,695	$1.19	23d	1	0.86mi
3825 45th Ter W #104 Bradenton, FL	2.0	2.5	1429	$1,550	$1.08	23d	1	0.86mi
4112 Cape Vista Dr Bradenton, FL	3.0	2.0	1450	$3,495	$2.41	23d	1	0.86mi
4550 47th St W Bradenton, FL	1.0–3.0	1.0–2.0	930	$1,800	$1.94	1d	27	0.89mi
3603 45th Ter W #101 Bradenton, FL	3.0	2.5	1200	$1,800	$1.50	3d	1	0.91mi
283 Sherwood Dr Bradenton, FL	2.0	2.0	1304	$1,800	$1.38	23d	1	0.95mi
303 Springdale Dr #303 Bradenton, FL	2.0	2.0	1304	$1,999	$1.53	3d	1	0.98mi
4801 47th Ave W Bradenton, FL	1.0–3.0	1.0–2.0	1016	$1,810	$1.78	2d	32	0.99mi
4449 46th Ave W Unit 4449 Bradenton, FL	2.0	1.0	1110	$3,200	$2.88	23d	1	1.00mi
346 Springdale Dr Unit 346 Bradenton, FL	2.0	2.0	1304	$1,900	$1.46	23d	1	1.03mi
3807 16th Ave W Bradenton, FL	3.0	2.0	1491	$2,100	$1.41	23d	1	1.04mi
5909 30th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	788	$1,670	$2.12	2d	6	1.06mi
2901 26th St W #807 Bradenton, FL	2.0	2.0	940	$1,525	$1.62	2d	1	1.06mi
5907 36th Ave Cir W #5907 Bradenton, FL	2.0	2.0	937	$2,800	$2.99	23d	1	1.09mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	3d	13	1.09mi
4802 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	1007	$1,950	$1.94	16d	15	1.09mi
4118 59th St W Bradenton, FL	2.0	1.0	756	$1,800	$2.38	16d	1	1.11mi
5933 28th Ave W Bradenton, FL	1.0–2.0	1.0–2.0	945	$2,013	$2.13	1d	6	1.15mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,750	$2.19	14d	3	1.18mi
4850 51st St W Bradenton, FL	1.0–2.0	1.0–2.0	800	$1,750	$2.19	3d	2	1.18mi

HOA detail condo

• Monthly dues: $517 · $6,204/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 20 events

1. 2026-05-31
   days on market $178,000 Active 192 DOM
2. 2026-04-09
   status Active
3. 2026-04-06
   status Pending
4. 2026-03-08
   price $178,000
5. 2026-02-17
   status Active
6. 2026-02-08
   status Pending
7. 2026-02-01
   price $190,000
8. 2026-01-15
   price $198,900
9. 2025-11-21
   price $209,900
10. 2025-11-07
    listed $214,900 Active
11. 2021-12-27
    soldstatus $165,000 Closed 472-char remark

    Show marketing remark (472 chars)

    Great location! Close to restaurants, shopping and is approximately 10-15 minutes to beautiful Gulf beaches. This 2 bed 2 bath is quaint, cozy, and comes partially furnished. You will love the eat-in kitchen for a quick breakfast and the dining room to entertain guests for dinner. Spend your Saturdays at the beach because there is no lawn maintenance to worry about here. Set up a showing before it is gone. Room measurements are approximate, buyer is advised to verify.

12. 2021-12-27
    soldstatus $165,000

    Show marketing remark (472 chars)

    Great location! Close to restaurants, shopping and is approximately 10-15 minutes to beautiful Gulf beaches. This 2 bed 2 bath is quaint, cozy, and comes partially furnished. You will love the eat-in kitchen for a quick breakfast and the dining room to entertain guests for dinner. Spend your Saturdays at the beach because there is no lawn maintenance to worry about here. Set up a showing before it is gone. Room measurements are approximate, buyer is advised to verify.

13. 2021-11-30
    status Pending 472-char remark

    Show marketing remark (472 chars)

    Great location! Close to restaurants, shopping and is approximately 10-15 minutes to beautiful Gulf beaches. This 2 bed 2 bath is quaint, cozy, and comes partially furnished. You will love the eat-in kitchen for a quick breakfast and the dining room to entertain guests for dinner. Spend your Saturdays at the beach because there is no lawn maintenance to worry about here. Set up a showing before it is gone. Room measurements are approximate, buyer is advised to verify.

14. 2021-10-28
    listed $165,000 Active 472-char remark

    Show marketing remark (472 chars)

    Great location! Close to restaurants, shopping and is approximately 10-15 minutes to beautiful Gulf beaches. This 2 bed 2 bath is quaint, cozy, and comes partially furnished. You will love the eat-in kitchen for a quick breakfast and the dining room to entertain guests for dinner. Spend your Saturdays at the beach because there is no lawn maintenance to worry about here. Set up a showing before it is gone. Room measurements are approximate, buyer is advised to verify.

15. 2014-12-17
    soldstatus $71,900
16. 2009-09-28
    soldstatus $50,000
17. 2001-10-08
    soldstatus $62,000
18. 2000-08-02
    soldstatus $60,500
19. 1983-05-01
    soldstatus $45,000
20. 1979-01-01
    soldstatus $29,500

ⓘ 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: $1,972 · $164/mo
• Projected year-2 tax: $1,972 · $164/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 3/10 Moderate FEMA zone X (unshaded) · 20% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 30 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 · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,415
• − Mortgage interest: −$9,971
• − Property taxes: −$1,972
• − Insurance: −$890
• − Repairs & maintenance: −$1,953
• − Management: −$1,953
• − HOA: −$6,204
• − Depreciation: −$5,178
• Taxable loss: −$3,706
• Est. tax savings @ 24.0%: +$889
• After-tax cash flow: $-90/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: Manatee
• NCES district ID: 1201230
• Math proficiency: 54% ▼ -6.00%
• Reading proficiency: 50% ▼ -2.00%
• Median HH income: $49,607
• Composite: 44.43/100
• National rank: #2806
• State rank: #26 of 73 in FL

Livability — Bradenton

• Score: 81/100
• State rank: #101
• US rank: #1528

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bradenton, FL
• County: Manatee County · 416,364 people
• City population: 227,091
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 31,946
• Household income: $52,525
• Rent vs Own: 40.3% rent · 59.7% own
• Severe rent burden: 1736.0

Population outlook (Manatee County) Hauer SSP2

• Today (2025): 447,342 people
• By 2030: 488,911 · +9.3%
• By 2040: 567,934 · +27.0%
• By 2050: 637,995 · +42.6%
• By 2075: 781,970 · +74.8%
• By 2100: 848,272 · +89.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 18% Black 10% Two or more races 9% Asian 2% Native American 1%
• Hispanic origin (detail): Mexican 7% Puerto Rican 4% Cuban 1%
• Common ancestry: Hispanic 2% Romanian 2% Lithuanian 2%
• Foreign-born: 15% · Canada, Vietnam
• Languages at home: 78% English-only · Spanish 14% French/Haitian/Cajun 2% German/W. Germanic 1%

Political lean MEDSL · Manatee

• 2024 margin: Strong R (+23.5) · D 37.9% · R 61.4%
• 2008→2024 swing: -16.5pp toward R · 2008: -7.0pp · 2024: -23.5pp
• All cycles: 2024: R+23.5 2020: R+16.1 2016: R+17.1 2012: R+12.5 2008: R+7.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -310.18%
• Current HPI: 369.8239
• Rent YoY: ▼ -2.43%
• 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

+503.4% since first listed

19 events — show timeline

• 2026-04-09 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-08 Price Changed $178,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-17 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-02-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-01 Price Changed $190,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Price Changed $198,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-21 Price Changed $209,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-07 Listed $214,900 Stellar MLS as Distributed by MLS Grid
• 2021-12-27 Sold (Public Records) $165,000 Public Records
• 2021-12-27 Sold (MLS) $165,000 Stellar MLS as Distributed by MLS Grid
• 2021-11-30 Pending — Stellar MLS as Distributed by MLS Grid
• 2021-10-28 Listed $165,000 Stellar MLS as Distributed by MLS Grid
• 2014-12-17 Sold (Public Records) $71,900 Public Records
• 2009-09-28 Sold (Public Records) $50,000 Public Records
• 2001-10-08 Sold (Public Records) $62,000 Public Records
• 2000-08-02 Sold (Public Records) $60,500 Public Records
• 1983-05-01 Sold (Public Records) $45,000 Public Records
• 1979-01-01 Sold (Public Records) $29,500 Public Records

Property tax history

+20.7%/yr

Latest (2025): $1,972 · +3.3% YoY. Source: county tax records.