305 Knotty Pine Cir Unit D-2 · Greenacres, FL 33463

$139,000

2 bd · 1.0 ba · 818 sqft · Condo public records · 57 Days on market

Built 1983 $396/mo HOA · 20% 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 +25.0/30.0
• 1% rule +8.9/10.0
• DSCR +8.2/10.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.5/5.0
• Rent growth +2.8/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This immaculate 2nd floor 2/1 condo is move-in ready! 55+ community with lots of amenities. Relaxing screened-in patio with impact sliding glass doors added for security and to keep the weather out. Walk-in closets in both bedrooms. Accordian hurricane shutters. Low HOA includes basic cable, clubhouse, heated community pool, shuffleboard, tennis courts, bocce court, organized activites and much more. No lease 1st year. All measurements are approximate. No pets. Vehicle restrictions. Great location! This won't last long!

Key facts

• Full size washer
• New water heater
• New electric panel

Tags

• NEW ROOF
• NEW ELECTRIC PANEL
• NEW WATER HEATER
• NEW FRIDGE
• NEWER LAMINATE FLOORING
• FULL SIZE WASHER

Property features AI

Finance

• Financial info: No land lease; Pets not allowed
• HOA & community: Part of Pine Ridge III association; Monthly HOA fee of $396; Association amenities include clubhouse, pool, fitness center, tennis courts, car wash area, parking, management, on-site manager, sidewalks, street lights, and recreation facilities; HOA fee covers cable TV, insurance, internet, grounds and structure maintenance, pest control, sewer, trash, water, common areas, common real estate tax, reserve funds, roof repairs, and recreation facility; Senior community

Exterior

• Parking: Two parking spaces total; Asphalt parking; Open parking and guest spaces
• Security: Security patrol
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Phone available; Water and sewer connected
• Home design: Condominium; One-level living; Resale condition; Faces southeast
• Construction: Built by K. Hovnanian Homes; Stucco and CBS construction; Composition roof; Two-story building (unit is on one level)
• Exterior features: Glass-enclosed patio/porch; Asphalt road frontage; City street access

Interior

• Kitchen: Disposal; Dishwasher; Electric range; Refrigerator; Electric water heater
• Bedrooms: Two bedrooms on the main level
• Flooring: Carpet; Laminate
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Central electric heating; Central electric air conditioning
• Interior features: Walk-in closets; Bedroom layout with stacked bedrooms
• Laundry & utility: Indoor laundry room

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $139k.

Deal economics

• At list price, monthly cash flow is $304 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $139k).
• Recommended offer: $135k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 69/100 on livability (#490 in FL) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools D+, employment D, amenities F.
• Palm Beach (suburban): math 46% / reading 53% proficiency, ranked #34 of 73 in FL (top 47%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+1.3%/yr); 354 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 3,974 units permitted in Palm Beach County in 2024 (1,012 in 5+ unit buildings).
• This rent runs 31% of the median local income ($74k/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 $961 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Palm Beach County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($135k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 12y 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 $75k; list at $139k implies a 85% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 20% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $134,830 (3.0% below list)

Questions for the listing agent

1. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 3% 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. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 1.39% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.37%
• DSCR: 1.42
• GRM: 6.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 1.33% rent growth · sell at horizon

5-year hold

• IRR: -4.3%
• Equity multiple: 0.84×
• Total profit: $-6,165
• Equity at exit: $20,725

10-year hold

• IRR: 3.0%
• Equity multiple: 1.20×
• Total profit: $7,662
• Equity at exit: $12,018

Cash invested: $38,920 (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 33463

• Home prices YoY: -30.9%
• Rents YoY: 1.3%
• Active inventory: 354
• Price-to-rent: 6.0×

Monthly cashflow live

• Estimated rent: $1,933 high
• Mortgage (P&I): −$729
• Tax from tax record: −$40 /mo · $481/yr
• Insurance: −$58
• HOA: −$396
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $304

Break-even live

Break-even rent $1,548

Max offer price $139,000

Occupancy floor 79%

Sensitivity live

Price	-10% $383	-5% $343	+0% $304	+5% $265	+10% $225
Rent	-10% $151	-5% $228	+0% $304	+5% $380	+10% $457
Rate	-1.0pp $374	-0.5pp $339	base $304	+0.5pp $268	+1.0pp $231

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: $34,750
• Closing costs: $4,170
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
301 Knotty Pine Cir Unit B2 Greenacres, FL	2.0	2.0	937	$2,300	$2.45	0d	1	0.05mi
335 Knotty Pine Cir Unit D2 Greenacres, FL	2.0	2.0	937	$1,750	$1.87	25d	1	0.10mi
309 Knotty Pine Cir Unit A1 Greenacres, FL	2.0	1.0	818	$1,650	$2.02	0d	1	0.10mi
313 Knotty Pine Cir Unit A2 Greenacres, FL	2.0	2.0	937	$1,900	$2.03	25d	1	0.14mi
317 Knotty Pine Cir Unit A2 Greenacres, FL	2.0	1.0	818	$1,500	$1.83	25d	1	0.19mi
211 Pine Hov Cir Unit D2 Greenacres, FL	2.0	2.0	924	$1,700	$1.84	0d	1	0.22mi
231 Pine Hov Cir Unit A1 Greenacres, FL	1.0	1.0	818	$1,650	$2.02	25d	1	0.30mi
133 Lake Pine Cir Greenacres, FL	1.0	1.0	639	$1,300	$2.03	20d	1	0.33mi
133 Lake Pine Cir Unit B1 Greenacres, FL	1.0	1.0	639	$1,450	$2.27	25d	1	0.33mi
105 Lake Pine Cir Unit B2 Greenacres, FL	2.0	2.0	937	$2,000	$2.13	25d	1	0.40mi
121 Lake Pine Cir Unit A2 Greenacres, FL	2.0	1.0	818	$1,600	$1.96	25d	1	0.40mi
102 Lake Pine Cir Unit A2 Greenacres, FL	2.0	1.0	937	$1,500	$1.60	25d	1	0.41mi
104 Lake Pine Cir Unit A1 Greenacres, FL	2.0	2.0	937	$2,050	$2.19	25d	1	0.43mi
4121 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,950	$2.21	25d	1	0.53mi
4147 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$2,000	$2.27	0d	1	0.53mi
4101 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,850	$2.10	12d	1	0.54mi
4205 S 57th Ave Unit G Greenacres, FL	2.0	2.0	1046	$1,900	$1.82	25d	1	0.63mi
5905 Triphammer Rd Lake Worth, FL	2.0	2.0	1020	$3,000	$2.94	25d	1	0.63mi
4185 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,850	$2.10	23d	1	0.64mi
4191 S 57th Ave Unit H Greenacres, FL	2.0	2.0	847	$1,750	$2.07	25d	1	0.65mi
4181 S 57th Ave Unit D Greenacres, FL	2.0	2.0	847	$1,850	$2.18	25d	1	0.65mi
4221 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,900	$2.15	25d	1	0.66mi
4245 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$2,000	$2.27	25d	1	0.67mi
4243 Oak Terrace Dr #4243 Greenacres, FL	2.0	2.0	883	$1,950	$2.21	25d	1	0.67mi
4535 Oak Terrace Dr Greenacres, FL	3.0	2.0	1061	$2,400	$2.26	13d	1	0.67mi
4535 Oak Terrace Dr Greenacres, FL	3.0	2.0	1061	$2,500	$2.36	16d	1	0.67mi
4259 Oak Terrace Dr Greenacres, FL	2.0	2.0	883	$1,900	$2.15	25d	1	0.68mi
417 Pine Glen Ln Unit D2 Greenacres, FL	2.0	2.0	922	$1,550	$1.68	25d	1	0.73mi
417 Pine Glen Ln Unit C2 Greenacres, FL	2.0	2.0	922	$1,800	$1.95	25d	1	0.73mi
407 Pine Cir Unit B1 Greenacres, FL	2.0	2.0	922	$1,750	$1.90	25d	1	0.78mi
407 Pine Cir Unit C1 Greenacres, FL	2.0	2.0	922	$1,800	$1.95	25d	1	0.78mi
408 Pine Glen Ln Unit C-2 Greenacres, FL	2.0	1.0	804	$1,600	$1.99	25d	1	0.80mi
429 Pine Glen Ln Unit C2 Greenacres, FL	2.0	1.0	804	$1,650	$2.05	25d	1	0.84mi
443 Pine Glen Ln Unit B2 Greenacres, FL	2.0	2.0	922	$1,500	$1.63	25d	1	0.85mi
446 Pine Glen Ln Unit A1 Greenacres, FL	1.0	1.0	614	$1,550	$2.52	16d	1	0.85mi
4838 Esedra Ct Lake Worth, FL	1.0	1.0	804	$1,550	$1.93	25d	2	1.02mi
4832 Esedra Ct Lake Worth, FL	1.0–3.0	1.0–2.0	1026	$1,650	$1.61	4d	2	1.08mi
6615 Waterfront Xing Lake Worth, FL	1.0–3.0	1.0–2.0	1087	$2,864	$2.63	0d	23	1.08mi
4254 Deste Ct #305 Greenacres, FL	1.0	1.0	716	$1,500	$2.09	25d	1	1.10mi
4801 Esedra Ct Lake Worth, FL	2.0	2.0	1027	$2,075	$2.02	12d	2	1.14mi

HOA detail condo

• Monthly dues: $396 · $4,752/yr
• Likely covers: cablepoolsecurity
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 17 events

1. 2026-05-08
   status Pending
2. 2026-04-29
   price $139,000
3. 2026-03-07
   listed $145,900 Active
4. 2016-06-27
   soldstatus $75,000
5. 2016-06-24
   soldstatus $75,000 Closed 527-char remark

   Show marketing remark (527 chars)

   This immaculate 2nd floor 2/1 condo is move-in ready! 55+ community with lots of amenities. Relaxing screened-in patio with impact sliding glass doors added for security and to keep the weather out. Walk-in closets in both bedrooms. Accordian hurricane shutters. Low HOA includes basic cable, clubhouse, heated community pool, shuffleboard, tennis courts, bocce court, organized activites and much more. No lease 1st year. All measurements are approximate. No pets. Vehicle restrictions. Great location! This won't last long!

6. 2016-05-23
   status Pending 527-char remark

   Show marketing remark (527 chars)

   This immaculate 2nd floor 2/1 condo is move-in ready! 55+ community with lots of amenities. Relaxing screened-in patio with impact sliding glass doors added for security and to keep the weather out. Walk-in closets in both bedrooms. Accordian hurricane shutters. Low HOA includes basic cable, clubhouse, heated community pool, shuffleboard, tennis courts, bocce court, organized activites and much more. No lease 1st year. All measurements are approximate. No pets. Vehicle restrictions. Great location! This won't last long!

7. 2016-04-13
   listed $75,000 Active 527-char remark

   Show marketing remark (527 chars)

   This immaculate 2nd floor 2/1 condo is move-in ready! 55+ community with lots of amenities. Relaxing screened-in patio with impact sliding glass doors added for security and to keep the weather out. Walk-in closets in both bedrooms. Accordian hurricane shutters. Low HOA includes basic cable, clubhouse, heated community pool, shuffleboard, tennis courts, bocce court, organized activites and much more. No lease 1st year. All measurements are approximate. No pets. Vehicle restrictions. Great location! This won't last long!

8. 2015-03-04
   soldstatus $60,000
9. 2015-02-27
   soldstatus $60,000 Closed 269-char remark

   Show marketing remark (269 chars)

   REMODELED KITCHEN AND BATHROOM. FULLY FURNISHED WITH BROYHILL FURNITURE. ACCORDIAN SHUTTER THRU-OUT. ALL APPLIANCES REPLACED WITHIN 7YRS. LIVING ROOM FURNITURE ONLY 2YRS OLD. 5 FANS. COMMUNITY IS CLOSE TO EVERYTHING. I MUST SEE JUST BRING YOUR TOOTHBRUSH AND YOUR HOME.

10. 2015-02-14
    status Pending 269-char remark

    Show marketing remark (269 chars)

    REMODELED KITCHEN AND BATHROOM. FULLY FURNISHED WITH BROYHILL FURNITURE. ACCORDIAN SHUTTER THRU-OUT. ALL APPLIANCES REPLACED WITHIN 7YRS. LIVING ROOM FURNITURE ONLY 2YRS OLD. 5 FANS. COMMUNITY IS CLOSE TO EVERYTHING. I MUST SEE JUST BRING YOUR TOOTHBRUSH AND YOUR HOME.

11. 2014-09-02
    listed $64,900 Active 269-char remark

    Show marketing remark (269 chars)

    REMODELED KITCHEN AND BATHROOM. FULLY FURNISHED WITH BROYHILL FURNITURE. ACCORDIAN SHUTTER THRU-OUT. ALL APPLIANCES REPLACED WITHIN 7YRS. LIVING ROOM FURNITURE ONLY 2YRS OLD. 5 FANS. COMMUNITY IS CLOSE TO EVERYTHING. I MUST SEE JUST BRING YOUR TOOTHBRUSH AND YOUR HOME.

12. 2014-08-08
    historical
13. 2014-04-08
    price $64,900
14. 2014-02-09
    listed $66,900 Active
15. 2004-12-15
    soldstatus $82,000
16. 2004-10-22
    soldstatus $50,000
17. 1993-12-01
    soldstatus $36,500

ⓘ 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: $481 · $40/mo
• Projected year-2 tax: $1,154 · $96/mo
• Expected delta: +$673/yr (+$56/mo · 139.8%)

ⓘ 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 ≥105°F today · 28 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,194
• − Mortgage interest: −$7,786
• − Property taxes: −$481
• − Insurance: −$695
• − Repairs & maintenance: −$1,856
• − Management: −$1,856
• − HOA: −$4,752
• − Depreciation: −$4,044
• Taxable income: $1,725
• Est. tax owed @ 24.0%: −$414
• After-tax cash flow: $3,234/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: Palm Beach
• NCES district ID: 1201500
• Math proficiency: 46% ▼ -16.00%
• Reading proficiency: 53% ▼ -4.00%
• Median HH income: $53,943
• Composite: 42.72/100
• National rank: #3160
• State rank: #34 of 73 in FL

Livability — Greenacres

• Score: 69/100
• State rank: #490
• US rank: #9008

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Greenacres, FL
• County: Palm Beach County · 1,438,312 people
• City population: 65,478
• Metro: Miami-Fort Lauderdale-Pompano Beach, FL
• Population (ZIP): 65,478
• Household income: $73,865
• Rent vs Own: 27.1% rent · 72.9% own
• Severe rent burden: 1466.0

Population outlook (Palm Beach County) Hauer SSP2

• Today (2025): 1,637,487 people
• By 2030: 1,743,255 · +6.5%
• By 2040: 1,948,712 · +19.0%
• By 2050: 2,132,979 · +30.3%
• By 2075: 2,530,027 · +54.5%
• By 2100: 2,706,979 · +65.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: Hispanic / Latino 38% Black 29% White 27% Two or more races 11% Asian 4%
• Hispanic origin (detail): Mexican 8% Puerto Rican 6% Cuban 5% Dominican 2%
• Common ancestry: Hispanic 15% Romanian 1% Slovak 1%
• Foreign-born: 39% · Canada, Jamaica, China
• Languages at home: 45% English-only · Spanish 32% French/Haitian/Cajun 17% Other Indo-European 2%

Political lean MEDSL · Palm Beach

• 2024 margin: Toss-up / Even · D 50.0% · R 49.2%
• 2008→2024 swing: -22.1pp toward R · 2008: 22.9pp · 2024: 0.8pp
• All cycles: 2024: D+0.8 2020: D+12.8 2016: D+15.3 2012: D+17.0 2008: D+22.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -175.33%
• Current HPI: 392.055
• Rent YoY: ▲ 1.33%
• Metro: Miami-Fort Lauderdale-Pompano Beach, 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

+280.8% since first listed

17 events — show timeline

• 2026-05-08 Pending — Beaches MLS
• 2026-04-29 Price Changed $139,000 Beaches MLS
• 2026-03-07 Listed $145,900 Beaches MLS
• 2016-06-27 Sold (Public Records) $75,000 Public Records
• 2016-06-24 Sold (MLS) $75,000 Beaches MLS
• 2016-05-23 Pending — Beaches MLS
• 2016-04-13 Listed $75,000 Beaches MLS
• 2015-03-04 Sold (Public Records) $60,000 Public Records
• 2015-02-27 Sold (MLS) $60,000 Beaches MLS
• 2015-02-14 Pending — Beaches MLS
• 2014-09-02 Listed $64,900 Beaches MLS
• 2014-08-08 Listing Removed — Beaches MLS
• 2014-04-08 Price Changed $64,900 Beaches MLS
• 2014-02-09 Listed $66,900 Beaches MLS
• 2004-12-15 Sold (Public Records) $82,000 Public Records
• 2004-10-22 Sold (Public Records) $50,000 Public Records
• 1993-12-01 Sold (Public Records) $36,500 Public Records

Property tax history

-4.5%/yr

Latest (2025): $481 · +7.1% YoY. Source: county tax records.