10800 US Highway 19 N #237 · Pinellas Park, FL 33782

$100,000

2 bd · 2.0 ba · 930 sqft · Condo public records · 74 Days on market

Built 1974 $800/mo HOA · 42% 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).

• 1% rule +10.0/10.0
• Cash flow +8.6/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Livability +3.9/5.0
• Condition / age +2.5/5.0
• DSCR +2.4/10.0
• Rent growth +1.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this cozy 2 Bed/2 Bath home with a beautiful WATER VIEW. It's FULLY FURNISHED with well maintained, great quality furnitures. Upgraded laminating flooring in Living, Dining, and Both Bedrooms. Master Bedrooms are spacious and come with a good size walk-in closet and walk-in shower. This home also have a covered balcony for relaxing outdoor. The Sandalwood community is well maintained and include an swimming pool and spa, recreational center with a kitchen, billiards and ping pong table. Quiet and very friendly community for all ages. Located close right off US highway 19, so it's very convenient to access shopping centers, restaurants, and beaches. Seize the opportunity of historical low interest and make this beautiful home yours. ..

Key facts

• Dog park
• Entertainment
• Close to shopping

Tags

• ON-SITE LAUNDRY FACILITY
• DOG PARK
• WALKING TRAILS
• CLOSE TO SHOPPING
• ENTERTAINMENT
• RESTAURANTS

Property features AI

Finance

• Other: Monthly condo fee covers land; Association fee frequency: Monthly
• Financial info: Lease restrictions apply
• HOA & community: Monthly condo/association fee: $800; Annual association fees: $9,600; Association name: Roger McGill (approval required); Association fees include cable TV, internet, insurance, management, maintenance (structure and grounds), pest control, pool, trash, water, sewer, common area taxes, escrow reserves, fidelity bond, and recreational facilities; Community amenities: clubhouse, community mailbox, pool, sidewalks, street lights; Pets allowed with number limit

Exterior

• Parking: Street parking and community parking (details via association)
• Utilities: Public water; Public sewer; Cable available and connected; Broadband/high-speed internet available; Electricity available
• Home design: Condominium; Residential property; One story; Second-floor unit; North-facing
• Construction: Stucco construction; Shingle roof; Slab foundation; Building name: SANDALWOOD; Built on a 4.54 acre parcel
• Exterior features: Balcony; Sidewalk; Storage; In-ground pool

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 2 bedrooms
• Flooring: Laminate flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Kitchen open to family room; Living and dining room combo; Stone countertops; Walk-in closets
• Laundry & utility: Common area laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $100k.

Deal economics

• At list price, monthly cash flow is $-86 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $85k (15.2% below list).
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $85k (15.2% below list) — sets the bar for cash-flow.
• Cap rate 5.3% vs local median 4.0% in Pinellas Park — 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 78/100 on livability (#170 in FL, #2,546 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools D-, amenities F.
• 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 falling (-5.3%/yr); 203 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• This rent runs 34% of the median local income ($66k/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 $691 of loan paydown is wiped out by about $3k 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

• It's been on market 74 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 20y ago; this cycle's ask has dropped $60k (37%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 2.5% of price; HOA is 42% of rent.
• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→26/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $84,837 (15.2% 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 74 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
6. 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?
7. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
8. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
9. 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?
10. 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?
11. 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.
12. 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.
13. 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: 1.89% ✓
• Cap rate: 5.26%
• Cash-on-cash: -3.68%
• DSCR: 0.84
• GRM: 4.4

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: -30.5%
• Equity multiple: 0.05×
• Total profit: $-26,627
• Equity at exit: $14,910

10-year hold

• IRR: -98.7%
• Equity multiple: -0.76×
• Total profit: $-49,266
• Equity at exit: $8,646

Cash invested: $28,000 (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 33782

• Rents YoY: -5.3%
• Active inventory: 203
• Price-to-rent: 4.4×

Monthly cashflow live

• Estimated rent: $1,886 high
• Mortgage (P&I): −$524
• Tax from tax record: −$210 /mo · $2,521/yr
• Insurance: −$42
• HOA: −$800
• Vacancy / Maint / Mgmt: −$396
• Net cashflow: $-86

Break-even live

Break-even rent $1,995

Max offer price $84,837

Occupancy floor 100%

Sensitivity live

Price	-10% $-29	-5% $-58	+0% $-86	+5% $-114	+10% $-142
Rent	-10% $-235	-5% $-160	+0% $-86	+5% $-11	+10% $63
Rate	-1.0pp $-35	-0.5pp $-60	base $-86	+0.5pp $-112	+1.0pp $-138

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
10770 US Highway 19 N #605 Pinellas Park, FL	2.0	2.0	1000	$1,800	$1.80	25d	1	0.10mi
10321 Larchmont Pl N Pinellas Park, FL	2.0	1.0	840	$1,700	$2.02	25d	1	0.25mi
5501 110th Ave N Pinellas Park, FL	1.0–3.0	1.0–2.0	1001	$1,958	$1.96	2d	12	0.26mi
9911 Dahlia St #38 Pinellas Park, FL	2.0	1.0	850	$1,300	$1.53	8d	1	0.63mi
5641 94th Ter N Pinellas Park, FL	3.0	2.0	1066	$2,200	$2.06	8d	1	0.67mi
6132 100th Cir N Pinellas Park, FL	3.0	1.0	901	$1,995	$2.21	25d	1	0.77mi
9505 49th St N Pinellas Park, FL	1.0–3.0	1.0–2.0	1049	$2,297	$2.19	3d	19	0.91mi
5865 92nd Ave N Pinellas Park, FL	3.0	2.0	1062	$2,400	$2.26	18d	1	0.97mi
4973 91st Ave Unit 12 (C) Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	15d	1	1.04mi
4973 91st Ave Unit C Pinellas Park, FL	2.0	2.0	875	$1,475	$1.69	14d	1	1.04mi
4701 88th Ave N Pinellas Park, FL	1.0–2.0	1.0–2.0	855	$1,853	$2.17	11d	20	1.30mi
4940 87th Ave Unit C Pinellas Park, FL	2.0	1.0	700	$2,600	$3.71	25d	1	1.34mi
8400 49th St N Pinellas Park, FL	1.0–2.0	1.0–2.0	707	$1,749	$2.47	2d	22	1.46mi
8311 56th Way Unit 2 Pinellas Park, FL	1.0	1.0	750	$2,200	$2.93	25d	1	1.47mi

HOA detail condo

• Monthly dues: $800 · $9,600/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 33 events

1. 2026-06-18
   days on market $100,000 Active 74 DOM
2. 2026-06-17
   days on market $100,000 Active 73 DOM
3. 2026-06-16
   pricedays on market $100,000 Active 72 DOM
4. 2026-06-15
   days on market $110,000 Active 71 DOM
5. 2026-06-13
   days on market $110,000 Active 69 DOM
6. 2026-06-09
   days on market $110,000 Active 65 DOM
7. 2026-06-08
   days on market $110,000 Active 64 DOM
8. 2026-06-07
   days on market $110,000 Active 63 DOM
9. 2026-06-04
   days on market $110,000 Active 60 DOM
10. 2026-06-03
    statusdays on market $110,000 Active 59 DOM
11. 2026-06-02
    status $110,000 Pending 58 DOM
12. 2026-06-01
    days on market $110,000 Active 58 DOM
13. 2026-05-31
    days on market $110,000 Active 57 DOM
14. 2026-05-21
    price $110,000
15. 2026-05-10
    price $125,000
16. 2026-04-25
    price $130,000
17. 2026-04-14
    price $153,900
18. 2026-04-04
    listed $159,900 Active
19. 2025-07-01
    historical $1,800
20. 2025-06-30
    historical
21. 2025-06-07
    price $1,800
22. 2025-06-03
    listed $120,000 Active
23. 2025-05-30
    listed $2,000
24. 2022-04-15
    soldstatus $140,000
25. 2022-04-12
    soldstatus $140,000 Closed 755-char remark

    Show marketing remark (755 chars)

    Welcome to this cozy 2 Bed/2 Bath home with a beautiful WATER VIEW. It's FULLY FURNISHED with well maintained, great quality furnitures. Upgraded laminating flooring in Living, Dining, and Both Bedrooms. Master Bedrooms are spacious and come with a good size walk-in closet and walk-in shower. This home also have a covered balcony for relaxing outdoor. The Sandalwood community is well maintained and include an swimming pool and spa, recreational center with a kitchen, billiards and ping pong table. Quiet and very friendly community for all ages. Located close right off US highway 19, so it's very convenient to access shopping centers, restaurants, and beaches. Seize the opportunity of historical low interest and make this beautiful home yours. ..

26. 2022-03-04
    status Pending 755-char remark

    Show marketing remark (755 chars)

    Welcome to this cozy 2 Bed/2 Bath home with a beautiful WATER VIEW. It's FULLY FURNISHED with well maintained, great quality furnitures. Upgraded laminating flooring in Living, Dining, and Both Bedrooms. Master Bedrooms are spacious and come with a good size walk-in closet and walk-in shower. This home also have a covered balcony for relaxing outdoor. The Sandalwood community is well maintained and include an swimming pool and spa, recreational center with a kitchen, billiards and ping pong table. Quiet and very friendly community for all ages. Located close right off US highway 19, so it's very convenient to access shopping centers, restaurants, and beaches. Seize the opportunity of historical low interest and make this beautiful home yours. ..

27. 2022-02-25
    status Active 755-char remark

    Show marketing remark (755 chars)

    Welcome to this cozy 2 Bed/2 Bath home with a beautiful WATER VIEW. It's FULLY FURNISHED with well maintained, great quality furnitures. Upgraded laminating flooring in Living, Dining, and Both Bedrooms. Master Bedrooms are spacious and come with a good size walk-in closet and walk-in shower. This home also have a covered balcony for relaxing outdoor. The Sandalwood community is well maintained and include an swimming pool and spa, recreational center with a kitchen, billiards and ping pong table. Quiet and very friendly community for all ages. Located close right off US highway 19, so it's very convenient to access shopping centers, restaurants, and beaches. Seize the opportunity of historical low interest and make this beautiful home yours. ..

28. 2021-10-13
    listed $128,000 Active 755-char remark

    Show marketing remark (755 chars)

    Welcome to this cozy 2 Bed/2 Bath home with a beautiful WATER VIEW. It's FULLY FURNISHED with well maintained, great quality furnitures. Upgraded laminating flooring in Living, Dining, and Both Bedrooms. Master Bedrooms are spacious and come with a good size walk-in closet and walk-in shower. This home also have a covered balcony for relaxing outdoor. The Sandalwood community is well maintained and include an swimming pool and spa, recreational center with a kitchen, billiards and ping pong table. Quiet and very friendly community for all ages. Located close right off US highway 19, so it's very convenient to access shopping centers, restaurants, and beaches. Seize the opportunity of historical low interest and make this beautiful home yours. ..

29. 2006-09-15
    listed $123,800
30. 2006-06-12
    listed $123,800
31. 2003-08-29
    soldstatus $53,800
32. 1985-05-01
    soldstatus $33,300
33. 1983-07-01
    soldstatus $38,000

ⓘ 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: $2,521 · $210/mo
• Projected year-2 tax: $2,521 · $210/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 4/10 Moderate FEMA zone X (unshaded) · 13% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 26 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,638
• − Mortgage interest: −$5,602
• − Property taxes: −$2,521
• − Insurance: −$500
• − Repairs & maintenance: −$1,811
• − Management: −$1,811
• − HOA: −$9,600
• − Depreciation: −$2,909
• Taxable loss: −$2,116
• Est. tax savings @ 24.0%: +$508
• After-tax cash flow: $-522/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 — Pinellas Park

• Score: 78/100
• State rank: #170
• US rank: #2546

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pinellas Park, FL
• County: Pinellas County · 939,478 people
• City population: 50,533
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 22,461
• Household income: $66,461
• Rent vs Own: 25.6% rent · 74.4% own
• Severe rent burden: 486.0

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 (68%)
• Race & ethnicity: White 68% Hispanic / Latino 12% Asian 12% Two or more races 8% Black 5%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 3% Italian 3% Romanian 2%
• Foreign-born: 17% · Canada, Vietnam, China
• Languages at home: 78% English-only · Spanish 9% Vietnamese 7% Other Indo-European 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: ▼ -250.17%
• Current HPI: 314.1689
• Rent YoY: ▼ -5.28%
• 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

+189.5% since first listed

20 events — show timeline

• 2026-05-21 Price Changed $110,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-10 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-25 Price Changed $130,000 Stellar MLS as Distributed by MLS Grid
• 2026-04-14 Price Changed $153,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-04 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2025-07-01 Rental Removed $1,800 STELLARMLS
• 2025-06-30 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-06-07 Price Changed $1,800 STELLARMLS
• 2025-06-03 Listed $120,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-30 Listed for Rent $2,000 STELLARMLS
• 2022-04-15 Sold (Public Records) $140,000 Public Records
• 2022-04-12 Sold (MLS) $140,000 Stellar MLS as Distributed by MLS Grid
• 2022-03-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-02-25 Relisted — Stellar MLS as Distributed by MLS Grid
• 2021-10-13 Listed $128,000 Stellar MLS as Distributed by MLS Grid
• 2006-09-15 Listed $123,800 Stellar MLS as Distributed by MLS Grid
• 2006-06-12 Listed $123,800 Stellar MLS as Distributed by MLS Grid
• 2003-08-29 Sold (Public Records) $53,800 Public Records
• 1985-05-01 Sold (Public Records) $33,300 Public Records
• 1983-07-01 Sold (Public Records) $38,000 Public Records

Property tax history

+13.2%/yr

Latest (2025): $2,521 · -8.4% YoY. Source: county tax records.