9815 47th Ave N #303 · Seminole, FL 33708

$79,900

1 bd · 1.0 ba · 745 sqft · Condo public records · 12 Days on market

Built 1982 $626/mo HOA · 38% of rent

---

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 +22.1/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +7.1/10.0
• Livability +4.4/5.0
• Schools +4.3/10.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautiful Bay Pines 1 bedroom 1 bath condo over looking lovely pond in the rear and located directly in front of the newly renovated pool. The pool is heated all winter. The unit is partially furnished and has an inside laundry room. The location is amazing located less than 2 miles to the beautiful gulf beaches. It also is Across from the VA Hospital. This complex is VA approved, .Don't let this one get by call for your private showing today.

Key facts

• Private storage room
• Enclosed balcony
• Clubhouse

Tags

• ENCLOSED BALCONY
• PRIVATE STORAGE ROOM
• ACROSS FROM COMMUNITY POOL
• CLUBHOUSE
• BILLIARDS ROOM
• GATHERING ROOM

Property features AI

Finance

• Other: Directions: Bay Pines Blvd to 98th Way, pass the clubhouse then turn right on 47th Ave N. Park in spot #303 or use guest parking
• Financial info: Total annual fees $7,320; Lease restrictions apply
• HOA & community: Monthly HOA fee of $610 (Association: Paradise Management); HOA includes cable TV, pool, electricity, escrow reserves, insurance, internet, structure and grounds maintenance, management, private road, sewer, trash, water; Association approval required; Clubhouse; Fitness center; Community mailbox; Pool; Wheelchair access; No truck/RV/motorcycle parking; Senior community; Pets not allowed; Unit is offered furnished

Exterior

• Parking: Carport (1 space); Guest parking available
• Utilities: Public water; Public sewer; Cable available; Broadband/high-speed internet available; Electricity connected; Water connected; Sewer connected
• Home design: Condominium; Residential property; 3 total stories; unit on 3rd floor; Faces south; One level interior
• Construction: Stucco construction; Concrete and membrane roof; Slab foundation; Bay Pine Building E
• Exterior features: Balcony; Gunite heated in-ground private pool

Interior

• Kitchen: Dishwasher; Microwave; Range; Range hood; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Carpet; Linoleum
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room / dining room combo; Walk-in closet(s); Window treatments; Building elevator
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $80k.

Deal economics

• At list price, monthly cash flow is $129 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $80k).
• Cap rate 8.2% vs local median 3.8% in Seminole — 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 88/100 on livability (#5 in FL, #174 nationally) — a professional / high-income tenant draw. Strengths: commute A+, housing A+, health & safety A+.
• Pinellas (suburban): math 51% / reading 51% proficiency, ranked #31 of 73 in FL (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents soft (-1.8%/yr); 565 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Pinellas County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 20y ago; this cycle's ask has dropped $25k (24%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 38% of rent.
• Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→25/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $79,900

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. 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?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 2.07% ✓
• Cap rate: 8.23%
• Cash-on-cash: 6.92%
• DSCR: 1.31
• GRM: 4.0

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: -12.0%
• Equity multiple: 0.59×
• Total profit: $-9,167
• Equity at exit: $11,913

10-year hold

• IRR: -16.0%
• Equity multiple: 0.35×
• Total profit: $-14,478
• Equity at exit: $6,908

Cash invested: $22,372 (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 33708

• Rents YoY: -1.8%
• Active inventory: 565
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$419
• Tax from tax record: −$100 /mo · $1,204/yr
• Insurance: −$33
• HOA: −$626
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $129

Break-even live

Break-even rent $1,492

Max offer price $79,900

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4771 100th Way N Unit 204 St. Petersburg, FL	1.0	1.0	550	$1,549	$2.82	24d	1	0.18mi
4652 Miramar Dr Madeira Beach, FL	1.0–2.0	1.0–2.0	958	$1,660	$1.73	1d	33	0.53mi
8800 Bay Pines Blvd #320 Saint Petersburg, FL	1.0	1.0	506	$2,200	$4.35	4d	1	0.82mi
4550 Cove Cir #905 Saint Petersburg, FL	1.0	1.0	530	$1,350	$2.55	24d	1	1.18mi
4575 Cove Cir #1105 Saint Petersburg, FL	—	1.0	563	$1,600	$2.84	7d	1	1.20mi
4575 Cove Cir #505 Saint Petersburg, FL	—	1.0	485	$1,650	$3.40	14d	1	1.20mi
4750 Cove Cir #406 Saint Petersburg, FL	—	1.0	485	$1,400	$2.89	24d	1	1.38mi
25 Lynn Way Unit B Madeira Beach, FL	1.0	1.0	500	$1,500	$3.00	24d	1	1.40mi
24 Lynn Way Unit A Madeira Beach, FL	1.0	1.0	500	$1,480	$2.96	24d	1	1.41mi
24 Lynn Way Unit C Madeira Beach, FL	1.0	1.0	500	$1,500	$3.00	24d	1	1.41mi
5257 81st Ln N #6 Saint Petersburg, FL	1.0	1.0	745	$1,375	$1.85	24d	1	1.42mi
10405 Addison Way Seminole, FL	1.0–3.0	1.0–2.0	1133	$1,807	$1.59	1d	18	1.42mi
14016 E Parsley Dr Unit 2 Madeira Beach, FL	1.0	1.0	504	$1,850	$3.67	14d	1	1.43mi
14016 E Parsley Dr Unit 1 Madeira Beach, FL	1.0	1.0	504	$1,950	$3.87	21d	1	1.43mi
540 Normandy Rd Unit Na Madeira Beach, FL	1.0	1.0	750	$1,950	$2.60	7d	1	1.48mi

HOA detail condo

• Monthly dues: $626 · $7,512/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 34 events

1. 2026-06-18
   days on market $79,900 Active 12 DOM
2. 2026-06-17
   days on market $79,900 Active 11 DOM
3. 2026-06-16
   days on market $79,900 Active 10 DOM
4. 2026-06-15
   days on market $79,900 Active 9 DOM
5. 2026-06-13
   days on market $79,900 Active 7 DOM
6. 2026-06-09
   days on market $79,900 Active 3 DOM
7. 2026-06-08
   days on market $79,900 Active 2 DOM
8. 2026-06-07
   pricedays on marketlisting id $79,900 Active 1 DOM
9. 2026-06-01
   days on market $95,000 Active 160 DOM
10. 2026-05-31
    days on market $95,000 Active 159 DOM
11. 2026-03-23
    status Active
12. 2026-03-23
    price $95,000
13. 2026-03-03
    status Pending
14. 2026-01-27
    price $99,500
15. 2025-12-03
    listed $105,000 Active
16. 2025-08-19
    historical
17. 2025-07-10
    price $105,000
18. 2025-05-12
    price $115,000
19. 2025-04-23
    price $118,500
20. 2025-04-10
    price $121,500
21. 2025-03-17
    price $124,500
22. 2025-02-19
    listed $129,900 Active
23. 2019-10-18
    soldstatus $62,000
24. 2019-10-15
    soldstatus $62,000 Sold 447-char remark

    Show marketing remark (447 chars)

    Beautiful Bay Pines 1 bedroom 1 bath condo over looking lovely pond in the rear and located directly in front of the newly renovated pool. The pool is heated all winter. The unit is partially furnished and has an inside laundry room. The location is amazing located less than 2 miles to the beautiful gulf beaches. It also is Across from the VA Hospital. This complex is VA approved, .Don't let this one get by call for your private showing today.

25. 2019-09-18
    status Pending 447-char remark

    Show marketing remark (447 chars)

    Beautiful Bay Pines 1 bedroom 1 bath condo over looking lovely pond in the rear and located directly in front of the newly renovated pool. The pool is heated all winter. The unit is partially furnished and has an inside laundry room. The location is amazing located less than 2 miles to the beautiful gulf beaches. It also is Across from the VA Hospital. This complex is VA approved, .Don't let this one get by call for your private showing today.

26. 2019-07-26
    listed $74,900 Active 447-char remark

    Show marketing remark (447 chars)

    Beautiful Bay Pines 1 bedroom 1 bath condo over looking lovely pond in the rear and located directly in front of the newly renovated pool. The pool is heated all winter. The unit is partially furnished and has an inside laundry room. The location is amazing located less than 2 miles to the beautiful gulf beaches. It also is Across from the VA Hospital. This complex is VA approved, .Don't let this one get by call for your private showing today.

27. 2008-04-30
    soldstatus $66,000
28. 2008-04-02
    listed $66,000
29. 2007-11-08
    historical
30. 2007-07-04
    listed $75,000
31. 2007-04-25
    historical
32. 2006-09-16
    listed $79,900
33. 2006-05-08
    listed $109,900
34. 1984-06-01
    soldstatus $40,900

ⓘ 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: $1,204 · $100/mo
• Projected year-2 tax: $1,204 · $100/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 6/10 Major FEMA zone X (shaded) · 56% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 25 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: $19,864
• − Mortgage interest: −$4,476
• − Property taxes: −$1,204
• − Insurance: −$400
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − HOA: −$7,512
• − Depreciation: −$2,324
• Taxable income: $770
• Est. tax owed @ 24.0%: −$185
• After-tax cash flow: $1,364/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: Pinellas
• NCES district ID: 1201560
• Math proficiency: 51% ▼ -5.00%
• Reading proficiency: 51% ▼ -3.00%
• Median HH income: $46,270
• Composite: 43.27/100
• National rank: #3046
• State rank: #31 of 73 in FL

Livability — Seminole

• Score: 88/100
• State rank: #5
• US rank: #174

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Seminole, FL
• County: Pinellas County · 939,478 people
• City population: 42,315
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 15,060
• Household income: $82,500
• Rent vs Own: 24.2% rent · 75.8% own
• Severe rent burden: 734.0

Population outlook (Pinellas County) Hauer SSP2

• Today (2025): 1,027,532 people
• By 2030: 1,063,586 · +3.5%
• By 2040: 1,125,020 · +9.5%
• By 2050: 1,168,637 · +13.7%
• By 2075: 1,265,188 · +23.1%
• By 2100: 1,260,357 · +22.7%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Hispanic / Latino 5% Asian 4% Two or more races 4% Black 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 3%
• Foreign-born: 10% · Canada, Vietnam, Jamaica
• Languages at home: 89% English-only · Spanish 3% Vietnamese 2% Russian/Polish/Slavic 2%

Political lean MEDSL · Pinellas

• 2024 margin: Lean R (+5.2) · D 46.9% · R 52.1%
• 2008→2024 swing: -13.5pp toward R · 2008: 8.3pp · 2024: -5.2pp
• All cycles: 2024: R+5.2 2020: D+0.2 2016: R+1.1 2012: D+5.6 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -663.41%
• Current HPI: 317.0675
• Rent YoY: ▼ -1.77%
• Metro: Tampa-St. Petersburg-Clearwater, 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

+132.3% since first listed

24 events — show timeline

• 2026-03-23 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Price Changed $95,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-03 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-01-27 Price Changed $99,500 Stellar MLS as Distributed by MLS Grid
• 2025-12-03 Listed $105,000 Stellar MLS as Distributed by MLS Grid
• 2025-08-19 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-07-10 Price Changed $105,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-12 Price Changed $115,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-23 Price Changed $118,500 Stellar MLS as Distributed by MLS Grid
• 2025-04-10 Price Changed $121,500 Stellar MLS as Distributed by MLS Grid
• 2025-03-17 Price Changed $124,500 Stellar MLS as Distributed by MLS Grid
• 2025-02-19 Listed $129,900 Stellar MLS as Distributed by MLS Grid
• 2019-10-18 Sold (Public Records) $62,000 Public Records
• 2019-10-15 Sold (MLS) $62,000 Stellar MLS as Distributed by MLS Grid
• 2019-09-18 Pending — Stellar MLS as Distributed by MLS Grid
• 2019-07-26 Listed $74,900 Stellar MLS as Distributed by MLS Grid
• 2008-04-30 Sold (MLS) $66,000 Stellar MLS as Distributed by MLS Grid
• 2008-04-02 Listed $66,000 Stellar MLS as Distributed by MLS Grid
• 2007-11-08 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2007-07-04 Listed $75,000 Stellar MLS as Distributed by MLS Grid
• 2007-04-25 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-09-16 Listed $79,900 Stellar MLS as Distributed by MLS Grid
• 2006-05-08 Listed $109,900 Stellar MLS as Distributed by MLS Grid
• 1984-06-01 Sold (Public Records) $40,900 Public Records

Property tax history

+7.2%/yr

Latest (2025): $1,204 · -21.4% YoY. Source: county tax records.