151 Pine St · Babson Park, FL 33827

$370,000

4 bd · 3.0 ba · 2,652 sqft · SingleFamily public records · 136 Days on market

Built 1985 0.29 ac lot

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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 +11.7/30.0
• Appreciation +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.9/5.0
• Schools +3.5/10.0
• DSCR +3.4/10.0
• 1% rule +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

Key facts

• Mother-in-law suite
• No hoa
• Functional basement

Tags

• FUNCTIONAL BASEMENT
• MOTHER-IN-LAW SUITE
• OVERSIZED GARAGE
• NO HOA

Property features AI

Finance

• Other: Property is homestead exempt; Furnished: negotiable
• Financial info: No lease restrictions reported
• HOA & community: No association

Exterior

• Parking: Oversized attached garage; 2-car garage
• Utilities: Public water; Septic tank; Electricity connected; Phone available; Broadband/high-speed internet available; Sewer connected; Water connected
• Home design: Single family residence; Residential property; Two stories; Faces south; Basement present (unfinished)
• Construction: Block and wood siding construction; Shingle roof; Basement foundation; Built area and living area information recorded in public records
• Exterior features: Private mailbox; Paved road access; Lot dimensions approx. 109 x 116; Approximately 0.29 acres (1/4 to less than 1/2 acre)

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Electric water heater
• Bedrooms: 5 bedrooms
• Flooring: Ceramic tile; Wood
• Bathrooms: 3 full bathrooms; 1 half bathroom
• Heating & cooling: Central heating; Central air; Wall/window unit(s)
• Interior features: Cathedral ceilings; Ceiling fans; Eat-in kitchen; Kitchen/family room combo; Living room/dining room combo; Open floorplan; Split bedroom floorplan
• Laundry & utility: Inside laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 4-bed/3.0-bath single-family listed at $370k.

Deal economics

• At list price, monthly cash flow is $-110 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $351k (5.2% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $283k (23.6% below list).
• Recommended offer: $283k (23.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 77/100 on livability (#198 in FL, #3,133 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F.
• Polk (suburban): math 39% / reading 43% proficiency, ranked #62 of 73 in FL (top 85%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 68 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 10,384 units permitted in Polk County in 2024 (1,716 in 5+ unit buildings).

Forward outlook

• In year one you build about $40k of equity ($3k loan paydown + $37k appreciation (10.0% local appreciation)).
• Polk County population projected at +33% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• By year 2, paydown + projected appreciation supports a ~$64k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 136 days — a 12% lower offer ($326k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 11y 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 $187k; list at $370k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 6→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $282,602 (23.6% 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 136 days. Have you received any prior offers? Is the seller open to a 24% 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: 0.76% ✗
• Cap rate: 5.94%
• Cash-on-cash: -1.27%
• DSCR: 0.94
• GRM: 10.9

CMA / ARV

No comps found within radius.

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 23.4%
• Equity multiple: 2.88×
• Total profit: $194,419
• Equity at exit: $333,325

10-year hold

• IRR: 20.8%
• Equity multiple: 6.58×
• Total profit: $577,863
• Equity at exit: $718,829

Cash invested: $103,600 (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 33827

• Home prices YoY: 16.6%
• Active inventory: 68
• Price-to-rent: 10.9×

Monthly cashflow live

• Estimated rent: $2,826 medium
• Mortgage (P&I): −$1,940
• Tax from tax record: −$248 /mo · $2,976/yr
• Insurance: −$154
• HOA: −$0
• Vacancy / Maint / Mgmt: −$593
• Net cashflow: $-110

Break-even live

Break-even rent $2,965

Max offer price $350,575

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: $92,500
• Closing costs: $11,100
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
54 Regal Ct Babson Park, FL	4.0	3.0	3360	$3,000	$0.89	23d	1	0.38mi
1116 Caloosa Ridge Way Babson Park, FL	3.0	2.0	1804	$2,200	$1.22	3d	1	1.17mi

Listing history 38 events

1. 2026-06-18
   days on market $370,000 Active 136 DOM
2. 2026-06-17
   days on market $370,000 Active 135 DOM
3. 2026-06-16
   days on market $370,000 Active 134 DOM
4. 2026-06-15
   days on market $370,000 Active 133 DOM
5. 2026-06-13
   pricedays on market $370,000 Active 131 DOM
6. 2026-06-10
   days on market $380,000 Active 128 DOM
7. 2026-06-09
   days on market $380,000 Active 127 DOM
8. 2026-06-08
   days on market $380,000 Active 126 DOM
9. 2026-06-07
   days on market $380,000 Active 125 DOM
10. 2026-06-05
    days on market $380,000 Active 122 DOM
11. 2026-06-03
    days on market $380,000 Active 120 DOM
12. 2026-06-01
    days on market $380,000 Active 119 DOM
13. 2026-05-31
    days on market $380,000 Active 118 DOM
14. 2026-03-31
    price $380,000
15. 2026-02-02
    listed $384,900 Active
16. 2025-11-30
    historical
17. 2025-09-15
    price $392,000
18. 2025-07-03
    price $398,000
19. 2025-02-11
    price $400,000
20. 2025-01-03
    listed $425,000 Active
21. 2018-01-16
    soldstatus $187,000
22. 2018-01-12
    soldstatus $187,000 Sold 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

23. 2017-12-15
    status Pending 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

24. 2017-11-28
    status Active 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

25. 2017-11-08
    status Active 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

26. 2017-11-08
    historical 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

27. 2017-09-16
    historical 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

28. 2017-08-09
    listed $189,900 Active 896-char remark

    Show marketing remark (896 chars)

    RARE OPPORTUNITY ~ HOME, SALON & APARTMENT! This spacious property is a rare find and will not be on the market long. The home has an open floor plan, split 3 BD/2.5 BA, cathedral ceiling and lovely wood flooring in the living areas, including kitchen & walk-in pantry. From the living area is a big 34’x11’ screen porch that overlooks the private backyard. A large 28’x11’ studio currently houses a fully equipped hair salon with private entrance, ½ bath and is waiting for a new proprietor; this space can easily be converted for any home business. Additional income to help with mortgage is generated from a lovely 1 BD/1 BA apartment. A generous 40’x30’ garage and a 35’x10 workshop/storage room is sure to please the craftsman/hobbyist or be finished out for additional living space, the choices are endless. Hurry and call today!

29. 2016-04-01
    historical
30. 2016-03-31
    status Active
31. 2016-03-23
    historical
32. 2016-03-10
    status Active
33. 2016-03-09
    historical
34. 2015-12-30
    price $189,900
35. 2015-09-10
    listed $199,900 Active
36. 2011-11-02
    soldstatus $180,000
37. 1998-05-27
    soldstatus $100,000
38. 1985-04-01
    soldstatus $31,500

ⓘ 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: $2,976 · $248/mo
• Projected year-2 tax: $3,071 · $256/mo
• Expected delta: +$95/yr (+$8/mo · 3.2%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 8/10 Severe 6 d/yr ≥108°F today · 21 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,912
• − Mortgage interest: −$20,726
• − Property taxes: −$2,976
• − Insurance: −$1,850
• − Repairs & maintenance: −$2,713
• − Management: −$2,713
• − Depreciation: −$10,764
• Taxable loss: −$7,829
• Est. tax savings @ 24.0%: +$1,879
• After-tax cash flow: $560/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: Polk
• NCES district ID: 1201590
• Math proficiency: 39% ▼ -11.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $43,979
• Composite: 34.74/100
• National rank: #5132
• State rank: #62 of 73 in FL

Livability — Babson Park

• Score: 77/100
• State rank: #198
• US rank: #3133

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Babson Park, FL
• Population (ZIP): 2,438

Population outlook (Polk County) Hauer SSP2

• Today (2025): 752,975 people
• By 2030: 804,621 · +6.9%
• By 2040: 906,117 · +20.3%
• By 2050: 1,000,476 · +32.9%
• By 2075: 1,197,520 · +59.0%
• By 2100: 1,271,518 · +68.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 8% Hispanic / Latino 7% Two or more races 4%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 2% Slovak 1% Iranian 1%
• Foreign-born: 6% · Canada
• Languages at home: 96% English-only · Spanish 3% German/W. Germanic 1% French/Haitian/Cajun 1%

Political lean MEDSL · Polk

• 2024 margin: Strong R (+20.7) · D 39.2% · R 59.9%
• 2008→2024 swing: -14.6pp toward R · 2008: -6.1pp · 2024: -20.7pp
• All cycles: 2024: R+20.7 2020: R+14.4 2016: R+14.1 2012: R+6.8 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 63.49%
• Current HPI: 446.51
• Rent YoY: —
• Metro: —
• 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

+1106.3% since first listed

25 events — show timeline

• 2026-03-31 Price Changed $380,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Listed $384,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-09-15 Price Changed $392,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-03 Price Changed $398,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-11 Price Changed $400,000 Stellar MLS as Distributed by MLS Grid
• 2025-01-03 Listed $425,000 Stellar MLS as Distributed by MLS Grid
• 2018-01-16 Sold (Public Records) $187,000 Public Records
• 2018-01-12 Sold (MLS) $187,000 Stellar MLS as Distributed by MLS Grid
• 2017-12-15 Pending — Stellar MLS as Distributed by MLS Grid
• 2017-11-28 Relisted — Stellar MLS as Distributed by MLS Grid
• 2017-11-08 Relisted — Stellar MLS as Distributed by MLS Grid
• 2017-11-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-09-16 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2017-08-09 Listed $189,900 Stellar MLS as Distributed by MLS Grid
• 2016-04-01 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-03-31 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-03-23 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-03-10 Relisted — Stellar MLS as Distributed by MLS Grid
• 2016-03-09 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2015-12-30 Price Changed $189,900 Stellar MLS as Distributed by MLS Grid
• 2015-09-10 Listed $199,900 Stellar MLS as Distributed by MLS Grid
• 2011-11-02 Sold (Public Records) $180,000 Public Records
• 1998-05-27 Sold (Public Records) $100,000 Public Records
• 1985-04-01 Sold (Public Records) $31,500 Public Records

Property tax history

+3.4%/yr

Latest (2025): $2,976 · +6.8% YoY. Source: county tax records.