4571 Blueridge St · North Port, FL 34287

$335,000

3 bd · 2.0 ba · 1,882 sqft · SingleFamily public records · 44 Days on market

Built 1998 0.32 ac lot $178/sqft · 48% below area Est $639k · 48% under · waterfront

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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).

• ARV discount +15.0/15.0
• Cash flow +8.0/30.0
• Schools +5.4/10.0
• Livability +3.8/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• DSCR +2.0/10.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome Home, this 3-bedroom 2 bath home is situated on an oversized lot with a stunning lake view, property gives you room to entertain in the oversized kitchen and enjoy the outdoors in your own pool. The fenced area is great for kids or pets. The house only has a one car garage, but the exceptional oversized carport is designed for both convenience and versatility. Easily drive in and keep your vehicle protected or back in your boat, tailor, small RV etc. Widened driveway is great for your multiple vehicles and easy access. Did I mention city water? That's right city water, indoor laundry room, hurricane shutters and so much more!

Key facts

• Outdoor pool
• Fenced area
• Oversized carport

Tags

• LAKE VIEW
• OVERSIZED LOT
• OVERSIZED KITCHEN
• OUTDOOR POOL
• FENCED AREA
• OVERSIZED CARPORT

Property features AI

Finance

• Other: Property type: Residential — Single Family Residence; Zoning: RSF2

Exterior

• Parking: Attached garage (1-car); Carport (1 space)
• Security: Hurricane shutters
• Utilities: Public water; Septic tank; Public utilities available
• Home design: Single-family residence; One story (single level); East-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.32-acre lot
• Exterior features: Covered, enclosed and screened front porch; Patio; Hurricane shutters; On lakefront with lake view and lake access (Blueridge Lake) — approximately 80 feet of water frontage; Private heated in-ground gunite pool with lighting and pool sweep

Interior

• Kitchen: Range; Microwave; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Carpet; Ceramic tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Cathedral ceilings; Ceiling fans; Open floorplan with living/dining combo; Split bedroom layout; Walk-in closets; Window treatments; Shutters
• Laundry & utility: Dedicated laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $335k.

Deal economics

• At list price, monthly cash flow is $-346 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (18.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $226k (32.6% below list).
• Recommended offer: $226k (32.6% below list) — sets the bar for 1% rule.
• Cap rate 5.1% vs local median 3.8% in North Port — 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 75/100 on livability (#252 in FL, #3,975 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Sarasota (urban): math 63% / reading 63% proficiency, ranked #7 of 73 in FL (top 10%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Zoned schools: Cranberry Elementary School (math 69% / reading 68%, grade B+, #409 of 2,144 statewide, top 20%, 785 students, 68% FRL); Heron Creek Middle School (math 54% / reading 52%, grade C+, #209 of 571 statewide, top 37%, 902 students, 72% FRL); North Port High School (math 44% / reading 57%, grade D+, #171 of 667 statewide, top 26%, 2,562 students, 54% FRL) — zoned schools average 64% FRL vs 42% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents flat; 857 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 7,466 units permitted in Sarasota County in 2024 (2,138 in 5+ unit buildings).
• This rent runs 43% of the median local income ($63k/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 $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Sarasota County population projected at +20% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 44 days — a 3% lower offer ($325k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $32k; list at $335k implies a 947% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate flood risk; 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 $225,927 (32.6% 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 44 days. Have you received any prior offers? Is the seller open to a 33% concession, seller financing, or rate buy-down credit?
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. 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?
6. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
7. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
8. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
9. 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.
10. 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.
11. 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: 0.67% ✗
• Cap rate: 5.05%
• Cash-on-cash: -4.43%
• DSCR: 0.80
• GRM: 12.4

CMA / ARV

• ARV (median comp): $639,324
• List price: $335,000
• Delta: -47.60%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
15037 Mcgraw Ave	1.23mi	3/2.0	1,828 (-3%)	10mo	$369,000	$202	52
287 Biltmore St	1.29mi	4/2.0 (+1)	1,829 (-3%)	9mo	$360,000	$197	48
14325 Aldridge Ave	1.14mi	4/2.0 (+1)	1,670 (-11%)	2mo	$480,000	$287	40
336 Milford St	1.39mi	3/2.0	1,707 (-9%)	15mo	$440,000	$258	37

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.26% rent growth · sell at horizon

5-year hold

• IRR: -26.6%
• Equity multiple: 0.12×
• Total profit: $-82,488
• Equity at exit: $49,950

10-year hold

• IRR: -35.4%
• Equity multiple: -0.32×
• Total profit: $-124,109
• Equity at exit: $28,965

Cash invested: $93,800 (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 34287

• Home prices YoY: -20.1%
• Rents YoY: 0.3%
• Active inventory: 857
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,259 medium
• Mortgage (P&I): −$1,757
• Tax from tax record: −$235 /mo · $2,818/yr
• Insurance: −$140
• HOA: −$0
• Vacancy / Maint / Mgmt: −$474
• Net cashflow: $-346

Break-even live

Break-even rent $2,698

Max offer price $273,808

Occupancy floor —

Sensitivity live

Price	-10% $-157	-5% $-252	+0% $-346	+5% $-441	+10% $-536
Rent	-10% $-525	-5% $-436	+0% $-346	+5% $-257	+10% $-168
Rate	-1.0pp $-178	-0.5pp $-261	base $-346	+0.5pp $-433	+1.0pp $-522

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: $83,750
• Closing costs: $10,050
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
96 Westview Pl Port Charlotte, FL	1.0–3.0	1.0–2.0	1120	$2,303	$2.06	15d	38	0.99mi
14134 Packard Ave Port Charlotte, FL	4.0	2.0	1833	$2,095	$1.14	15d	1	1.04mi

Listing history 18 events

1. 2026-06-21
   days on market $335,000 Active 44 DOM
2. 2026-06-18
   days on market $335,000 Active 41 DOM
3. 2026-06-17
   days on market $335,000 Active 40 DOM
4. 2026-06-16
   days on market $335,000 Active 39 DOM
5. 2026-06-15
   days on market $335,000 Active 38 DOM
6. 2026-06-13
   days on market $335,000 Active 36 DOM
7. 2026-06-13
   days on market $335,000 Active 35 DOM
8. 2026-06-10
   days on market $335,000 Active 33 DOM
9. 2026-06-09
   days on market $335,000 Active 32 DOM
10. 2026-06-08
    days on market $335,000 Active 31 DOM
11. 2026-06-08
    days on market $335,000 Active 30 DOM
12. 2026-06-05
    days on market $335,000 Active 27 DOM
13. 2026-06-03
    days on market $335,000 Active 26 DOM
14. 2026-06-02
    pricedays on market $335,000 Active 25 DOM
15. 2026-06-01
    days on market $360,000 Active 24 DOM
16. 2026-05-31
    days on market $360,000 Active 23 DOM
17. 2026-05-08
    listed $360,000 Active 641-char remark
18. 1997-08-22
    soldstatus $32,000

ⓘ 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: $2,818 · $235/mo
• Projected year-2 tax: $2,818 · $235/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 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥108°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 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,111
• − Mortgage interest: −$18,765
• − Property taxes: −$2,818
• − Insurance: −$1,675
• − Repairs & maintenance: −$2,169
• − Management: −$2,169
• − Depreciation: −$9,745
• Taxable loss: −$10,231
• Est. tax savings @ 24.0%: +$2,455
• After-tax cash flow: $-1,701/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: Sarasota
• NCES district ID: 1201680
• Math proficiency: 63% ▼ -8.00%
• Reading proficiency: 63% ▼ -3.00%
• Median HH income: $51,167
• Composite: 53.68/100
• National rank: #1428
• State rank: #7 of 73 in FL

Livability — North Port

• Score: 75/100
• State rank: #252
• US rank: #3975

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Port, FL
• County: Sarasota County · 448,376 people
• City population: 75,324
• Metro: North Port-Sarasota-Bradenton, FL
• Population (ZIP): 25,929
• Household income: $63,464
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 522.0

Population outlook (Sarasota County) Hauer SSP2

• Today (2025): 452,380 people
• By 2030: 474,175 · +4.8%
• By 2040: 511,577 · +13.1%
• By 2050: 541,467 · +19.7%
• By 2075: 604,947 · +33.7%
• By 2100: 621,965 · +37.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Hispanic / Latino 14% Two or more races 7% Asian 4% Black 3%
• Hispanic origin (detail): Mexican 2% Puerto Rican 3% Cuban 3% Dominican 1%
• Common ancestry: Romanian 4% Scotch-Irish 3% Lithuanian 3%
• Foreign-born: 16% · Canada, Philippines
• Languages at home: 81% English-only · Spanish 8% Russian/Polish/Slavic 5% French/Haitian/Cajun 2%

Political lean MEDSL · Sarasota

• 2024 margin: R (+18.2) · D 40.5% · R 58.7%
• 2008→2024 swing: -18.1pp toward R · 2008: -0.1pp · 2024: -18.2pp
• All cycles: 2024: R+18.2 2020: R+10.4 2016: R+11.6 2012: R+7.4 2008: R+0.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -70.89%
• Current HPI: 280.8484
• Rent YoY: ▲ 0.26%
• 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

+946.9% since first listed

3 events — show timeline

• 2026-06-02 Price Changed $335,000 Stellar MLS as Distributed by MLS Grid
• 2026-05-08 Listed $360,000 Stellar MLS as Distributed by MLS Grid
• 1997-08-22 Sold (Public Records) $32,000 Public Records

Property tax history

+2.9%/yr

Latest (2025): $2,818 · +5.4% YoY. Source: county tax records.