915 Seminole Blvd · Tarpon Springs, FL 34689

$335,000

3 bd · 2.0 ba · 1,929 sqft · SingleFamily public records · 156 Days on market

Built 1974 9,609 sqft lot Est $604k · 45% under

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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 +21.1/30.0
• ARV discount +15.0/15.0
• DSCR +6.7/10.0
• 1% rule +5.3/10.0
• Schools +4.3/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +2.2/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Bank Foreclosure - Seller Addenda required. All offers submitted on bidselect. Being sold "As-Is" with right to inspect.

Key facts

• Brand new a/c system
• Detached shed
• 9,609 sq ft lot

Tags

• BRAND NEW A/C SYSTEM
• DETACHED SHED

Property features AI

Finance

• Other: Property listed as unfurnished; Total living area reported by appraiser (1 story)
• Financial info: Lease restrictions apply
• HOA & community: No HOA association indicated

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Public water; Public sewer; Electricity connected; Water connected; Sewer connected; Cable connected
• Home design: Single-family residence; One story; Faces south; Residential property
• Construction: Block, concrete and stucco construction; Shingle roof; Slab foundation; Built on a 0.22-acre lot (approx. 74 x 129)
• Exterior features: Private mailbox; Rain gutters; Sliding doors; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Refrigerator; Electric water heater
• Bedrooms: 3 bedrooms
• Flooring: Tile flooring
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heat; Central air
• Interior features: Ceiling fans; Crown molding; Eat-in kitchen; Living room/dining room combo; Thermostat; Walk-in closets
• Laundry & utility: Laundry in garage; 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 $51 ($608/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $335k).
• Recommended offer: $295k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 3.3% in Tarpon Springs — 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 68/100 on livability (#502 in FL) — a middle-class / working-renter tenant base. Strengths: housing A+, cost of living A; Watch: employment C-, amenities F, commute 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.
• Zoned schools: Sunset Hills Elementary School (math 72% / reading 72%, grade A-, #288 of 2,144 statewide, top 15%, 451 students, 52% FRL); Tarpon Springs Middle School (math 59% / reading 61%, grade B, #135 of 571 statewide, top 24%, 644 students, 50% FRL); Tarpon Springs High School (math 30% / reading 47%, grade F, #321 of 667 statewide, top 49%, 1,139 students, 46% FRL) — zoned schools at 49% FRL track the district average.
• Market conditions: Rents soft (-1.2%/yr); 404 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,437/mo this rent would consume 55% of the median local household income ($75k/yr) (locally 721% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

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.
• 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 156 days — a 12% lower offer ($295k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 20y ago; this cycle's ask has dropped $60k (15%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $126k; list at $335k implies a 166% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $294,800 (12.0% below list)

Questions for the listing agent

1. It's been on market 156 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-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?
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: 1.03% ✓
• Cap rate: 8.00%
• Cash-on-cash: 6.10%
• DSCR: 1.27
• GRM: 8.1

CMA / ARV

• ARV (on-the-fly): $603,777
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
743 Cajeput Loop	0.17mi	4/2.0 (+1)	1,906 (-1%)	4mo	$615,000	$323	82
718 Bayshore Dr	0.28mi	3/3.0	2,057 (+7%)	4mo	$940,000	$457	69
1031 Anclote Dr	0.54mi	3/2.0	1,915 (-1%)	6mo	$525,000	$274	69
747 W Bayshore Dr	0.18mi	4/2.0 (+1)	2,083 (+8%)	7mo	$590,000	$283	68
1408 Garden Ave	0.28mi	3/2.0	1,687 (-12%)	3mo	$300,000	$178	64
1503 Tallahassee Dr	0.48mi	4/2.5 (+1)	2,041 (+6%)	2mo	$690,000	$338	59
701 Charlotte Ave	0.39mi	3/3.0	1,754 (-9%)	4mo	$515,000	$294	59
1404 Oleander Dr	0.33mi	3/2.0	1,687 (-12%)	7mo	$535,000	$317	58
441 Village Dr	0.60mi	4/2.0 (+1)	2,027 (+5%)	3mo	$547,000	$270	56
65 Inness Dr	0.68mi	3/2.0	1,805 (-6%)	2mo	$475,000	$263	56
644 Bayshore Dr	0.27mi	4/3.5 (+1)	2,186 (+13%)	3mo	$950,000	$435	52
402 Village Dr	0.58mi	3/2.0	1,677 (-13%)	3mo	$524,900	$313	49

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -19.1%
• Equity multiple: 0.35×
• Total profit: $-60,866
• Equity at exit: $49,950

10-year hold

• IRR: -21.1%
• Equity multiple: 0.08×
• Total profit: $-86,695
• 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 34689

• Rents YoY: -1.2%
• Active inventory: 404
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $3,437 high
• Mortgage (P&I): −$1,757
• Tax from tax record: −$342 /mo · $4,103/yr
• Insurance: −$140
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$722
• Net cashflow: $51

Break-even live

Break-even rent $3,373

Max offer price $335,000

Occupancy floor 94%

Sensitivity live

Price	-10% $240	-5% $145	+0% $51	+5% $-44	+10% $-139
Rent	-10% $-221	-5% $-85	+0% $51	+5% $186	+10% $322
Rate	-1.0pp $219	-0.5pp $136	base $51	+0.5pp $-36	+1.0pp $-124

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 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
723 Sunset Dr Tarpon Springs, FL	3.0	2.0	1374	$2,290	$1.67	14d	1	0.13mi
1417 Poinsettia Ave Unit 1244469P Tarpon Springs, FL	4.0	3.0	2098	$6,626	$3.16	0d	1	0.28mi
610 Charlotte Ave Tarpon Springs, FL	4.0	2.5	1712	$2,710	$1.58	26d	1	0.32mi
512 Wayfarer Dr Unit 1244468P Tarpon Springs, FL	3.0	2.0	2389	$6,320	$2.65	0d	1	0.34mi
1701 Avoca Dr Tarpon Springs, FL	3.0	2.0	1712	$3,000	$1.75	26d	1	0.47mi
1334 Belcher Dr Tarpon Springs, FL	3.0	2.0	2055	$3,395	$1.65	0d	1	0.58mi
335 Windrush Loop #335 Tarpon Springs, FL	2.0	2.0	1565	$3,000	$1.92	26d	1	0.61mi
787 Arthurs Ct Tarpon Springs, FL	3.0	2.0	1225	$2,295	$1.87	6d	1	0.96mi
504 S Florida Ave #222 Tarpon Springs, FL	2.0	2.0	1490	$1,895	$1.27	6d	1	0.99mi
1438 N River Cir Tarpon Springs, FL	3.0	2.5	1890	$3,500	$1.85	0d	1	1.10mi
360 Jeru Blvd Tarpon Springs, FL	3.0	2.0	1439	$1,899	$1.32	15d	1	1.12mi
109 Hibiscus St Unit 1 Tarpon Springs, FL	2.0	1.0	1968	$1,750	$0.89	26d	1	1.31mi
141 N Ring Ave Tarpon Springs, FL	3.0	2.5	1533	$2,600	$1.70	4d	1	1.45mi

Listing history 27 events

1. 2026-06-22
   days on market $335,000 Active 156 DOM
2. 2026-06-18
   days on market $335,000 Active 153 DOM
3. 2026-06-17
   days on market $335,000 Active 152 DOM
4. 2026-06-16
   days on market $335,000 Active 151 DOM
5. 2026-06-15
   days on market $335,000 Active 150 DOM
6. 2026-06-13
   days on market $335,000 Active 148 DOM
7. 2026-06-09
   days on market $335,000 Active 144 DOM
8. 2026-06-08
   days on market $335,000 Active 143 DOM
9. 2026-06-07
   pricedays on market $335,000 Active 142 DOM
10. 2026-06-04
    days on market $350,000 Active 139 DOM
11. 2026-06-03
    days on market $350,000 Active 138 DOM
12. 2026-06-01
    days on market $350,000 Active 136 DOM
13. 2026-05-31
    days on market $350,000 Active 135 DOM
14. 2026-04-16
    status Active
15. 2026-04-15
    historical
16. 2026-03-30
    price $350,000
17. 2026-01-29
    price $375,000
18. 2026-01-15
    listed $395,000 Active
19. 2009-01-30
    soldstatus $126,000 130-char remark

    Show marketing remark (130 chars)

    Bank Foreclosure - Seller Addenda required. All offers submitted on bidselect. Being sold "As-Is" with right to inspect.

20. 2008-11-20
    listed $121,900 130-char remark

    Show marketing remark (130 chars)

    Bank Foreclosure - Seller Addenda required. All offers submitted on bidselect. Being sold "As-Is" with right to inspect.

21. 2008-10-09
    soldstatus $279,700
22. 2007-07-13
    listed $299,877
23. 2007-06-18
    historical
24. 2006-10-17
    listed $349,500
25. 2001-12-28
    soldstatus $150,000
26. 1996-06-06
    soldstatus $78,000
27. 1986-12-31
    soldstatus $70,000

ⓘ 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: $4,103 · $342/mo
• Projected year-2 tax: $4,103 · $342/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 10/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥109°F today · 27 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: $41,248
• − Mortgage interest: −$18,765
• − Property taxes: −$4,103
• − Insurance: −$6,794
• − Repairs & maintenance: −$3,300
• − Management: −$3,300
• − Depreciation: −$9,745
• Taxable loss: −$4,759
• Est. tax savings @ 24.0%: +$1,142
• After-tax cash flow: $1,750/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 — Tarpon Springs

• Score: 68/100
• State rank: #502
• US rank: #9244

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Tarpon Springs, FL
• County: Pinellas County · 939,478 people
• City population: 27,324
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 27,324
• Household income: $74,854
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 721.0

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 (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 7% Black 6%
• Hispanic origin (detail): Mexican 2% Puerto Rican 4%
• Common ancestry: Romanian 6% Lithuanian 3% Slovak 2%
• Foreign-born: 10% · Canada, Jamaica, Dominican Republic
• Languages at home: 84% English-only · Other Indo-European 6% Spanish 6% French/Haitian/Cajun 1%

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: ▼ -300.96%
• Current HPI: 303.7434
• Rent YoY: ▼ -1.16%
• 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

+400.0% since first listed

14 events — show timeline

• 2026-04-16 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-03-30 Price Changed $350,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-29 Price Changed $375,000 Stellar MLS as Distributed by MLS Grid
• 2026-01-15 Listed $395,000 Stellar MLS as Distributed by MLS Grid
• 2009-01-30 Sold (MLS) $126,000 Stellar MLS as Distributed by MLS Grid
• 2008-11-20 Listed $121,900 Stellar MLS as Distributed by MLS Grid
• 2008-10-09 Sold (Public Records) $279,700 Public Records
• 2007-07-13 Listed $299,877 Stellar MLS as Distributed by MLS Grid
• 2007-06-18 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2006-10-17 Listed $349,500 Stellar MLS as Distributed by MLS Grid
• 2001-12-28 Sold (Public Records) $150,000 Public Records
• 1996-06-06 Sold (Public Records) $78,000 Public Records
• 1986-12-31 Sold (Public Records) $70,000 Public Records

Property tax history

+4.2%/yr

Latest (2025): $4,103 · +127.4% YoY. Source: county tax records.