4700 Chancellor St NE · St. Petersburg, FL 33703

$345,000

3 bd · 2.0 ba · 1,614 sqft · SingleFamily public records · 161 Days on market

Built 1971 7,723 sqft lot Est $460k · 25% under

---

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 +21.3/30.0
• ARV discount +15.0/15.0
• DSCR +6.8/10.0
• 1% rule +5.4/10.0
• Schools +4.3/10.0
• Rent growth +3.1/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Under contract-accepting backup offers. One or more photo(s) has been virtually staged. BACK for Grab and Reduced!!! Beautifully updated and truly move-in ready, this fully renovated home offers a fresh, modern feel in one of the most desirable NE St. Pete neighborhoods. The kitchen has been completely redone with new shaker-style cabinetry, quartz countertops, updated appliances, and stylish fixtures. The open living and dining areas feature new flooring, updated lighting, and a bright layout perfect for both everyday living and entertaining. All bedrooms have been refreshed with new flooring and fixtures, and both bathrooms have been fully remodeled with contemporary tile, vanities, and h

Key facts

• 7,723 sq ft lot
• Garage
• Built 1971

Property features AI

Finance

• Other: Zoning: AE
• Financial info: No lease restrictions indicated
• HOA & community: No HOA association; Street lights in community

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water; Public sewer; Cable connected; Electricity connected; Natural gas connected; Sewer connected; Sprinkler recycled
• Home design: Single family residence; One story; East-facing
• Construction: Block and stucco construction; Shingle roof; Slab foundation; Built on a 0.18-acre lot (75 x 100)
• Exterior features: Storage; Irrigation system

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator
• Bedrooms: 3 bedrooms
• Flooring: Tile
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating; Central air conditioning
• Interior features: Ceiling fans; Solid surface countertops; Thermostat
• Laundry & utility: Laundry area in garage

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $345k.

Deal economics

• At list price, monthly cash flow is $80 ($959/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $345k).
• Recommended offer: $304k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.1% vs local median 2.6% in St. Petersburg — 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: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• 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: Shore Acres Elementary School (math 61% / reading 52%, grade C+, #816 of 2,144 statewide, top 39%, 709 students, 46% FRL); Meadowlawn Middle School (math 29% / reading 30%, grade F, #469 of 571 statewide, top 84%, 832 students, 69% FRL); Northeast High School (math 35% / reading 47%, grade F, #289 of 667 statewide, top 44%, 1,736 students, 50% FRL).
• Market conditions: Rents rising (+2.2%/yr); 457 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 2,676 units permitted in Pinellas County in 2024 (1,422 in 5+ unit buildings).
• At $3,604/mo this rent would consume 45% of the median local household income ($95k/yr) (locally 509% 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 161 days — a 12% lower offer ($304k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 21y ago; this cycle's ask is 15233% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $275k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

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→28/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $303,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 161 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 1971 — 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. 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.
7. 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.
8. 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: 1.04% ✓
• Cap rate: 8.05%
• Cash-on-cash: 6.29%
• DSCR: 1.28
• GRM: 8.0

CMA / ARV

• ARV (on-the-fly): $459,990
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4320 Huntington St NE	0.30mi	3/2.0	1,600 (-1%)	3mo	$475,000	$297	82
1899 Shore Acres Blvd NE	0.29mi	3/2.0	1,560 (-3%)	0mo	$575,000	$369	81
1567 Delaware Ave NE	0.33mi	2/2.0 (-1)	1,575 (-2%)	0mo	$710,000	$451	75
5116 Venetian Blvd NE	0.34mi	3/2.0	1,703 (+6%)	4mo	$420,000	$247	72
3934 Huntington St NE	0.55mi	3/2.0	1,630 (+1%)	2mo	$255,500	$157	71
1735 Connecticut Ave NE	0.41mi	3/2.0	1,679 (+4%)	4mo	$440,000	$262	71
1760 Georgia Ave NE	0.29mi	3/3.0	1,700 (+5%)	5mo	$330,000	$194	70
1524 Carson Cir NE	0.37mi	3/2.0	1,439 (-11%)	8mo	$300,000	$208	58
5611 Venetian Blvd NE	0.66mi	4/2.0 (+1)	1,671 (+4%)	1mo	$535,000	$320	58
4090 14th Ln NE	0.59mi	3/2.0	1,805 (+12%)	4mo	$515,000	$285	49
1481 49th Ave NE	0.59mi	4/2.0 (+1)	1,798 (+11%)	2mo	$1,200,000	$667	47
5428 Denver St NE	0.63mi	2/2.0 (-1)	1,372 (-15%)	6mo	$261,000	$190	36

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 · 2.21% rent growth · sell at horizon

5-year hold

• IRR: -15.6%
• Equity multiple: 0.45×
• Total profit: $-53,370
• Equity at exit: $51,441

10-year hold

• IRR: -8.7%
• Equity multiple: 0.48×
• Total profit: $-50,224
• Equity at exit: $29,829

Cash invested: $96,600 (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 33703

• Rents YoY: 2.2%
• Active inventory: 457
• Price-to-rent: 8.0×

Monthly cashflow live

• Estimated rent: $3,604 high
• Mortgage (P&I): −$1,809
• Tax from tax record: −$387 /mo · $4,649/yr
• Insurance: −$144
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$757
• Net cashflow: $80

Break-even live

Break-even rent $3,502

Max offer price $345,000

Occupancy floor 93%

Sensitivity live

Price	-10% $275	-5% $178	+0% $80	+5% $-18	+10% $-115
Rent	-10% $-205	-5% $-62	+0% $80	+5% $222	+10% $365
Rate	-1.0pp $254	-0.5pp $168	base $80	+0.5pp $-10	+1.0pp $-100

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: $86,250
• Closing costs: $10,350
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4480 Overlook Dr NE #17 Saint Petersburg, FL	2.0	2.0	1145	$2,250	$1.97	21d	1	0.22mi
4227 Helena St NE Saint Petersburg, FL	2.0	1.0	1134	$3,200	$2.82	5d	1	0.34mi
4036 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1412	$2,645	$1.87	15d	1	0.47mi
4026 Indianapolis St NE Saint Petersburg, FL	3.0	2.0	1364	$3,200	$2.35	5d	1	0.48mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	3d	1	0.56mi
5541 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1532	$5,000	$3.26	6d	1	0.56mi
3901 Helena St NE Saint Petersburg, FL	3.0	2.0	1195	$2,590	$2.17	15d	1	0.59mi
5510 Bayou Grande Blvd NE Saint Petersburg, FL	3.0	2.0	1232	$2,750	$2.23	18d	1	0.59mi
1739 Bayou Grande Blvd NE St Petersburg, FL	3.0	2.0	1658	$5,500	$3.32	5d	1	0.60mi
1733 Bayou Grande Blvd NE Saint Petersburg, FL	2.0	1.0	1735	$4,750	$2.74	26d	1	0.60mi
4095 14th St NE Saint Petersburg, FL	2.0	2.0	1791	$3,795	$2.12	5d	1	0.68mi
1524 Arizona Ave NE Saint Petersburg, FL	3.0	2.0	1092	$2,800	$2.56	5d	1	0.70mi
3727 Overlook Dr NE Saint Petersburg, FL	3.0	2.0	1124	$2,750	$2.45	26d	1	0.71mi
4165 13th Ln NE Saint Petersburg, FL	2.0	2.0	1438	$4,700	$3.27	5d	1	0.72mi
5840 Tanglewood Dr NE Saint Petersburg, FL	4.0	3.0	1680	$3,150	$1.88	6d	1	0.80mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1336	$3,500	$2.62	6d	1	0.85mi
5923 19th St NE Saint Petersburg, FL	3.0	2.0	1335	$3,299	$2.47	0d	1	0.85mi
3435 Overlook Dr NE Saint Petersburg, FL	3.0	2.5	1428	$3,800	$2.66	5d	1	0.86mi
6060 Denver St NE Saint Petersburg, FL	3.0	2.0	1523	$3,950	$2.59	6d	1	0.90mi
6016 18th St NE Saint Petersburg, FL	4.0	2.0	1692	$3,900	$2.30	6d	1	0.93mi
1515 Eden Isle Blvd NE Saint Petersburg, FL	1.0–3.0	1.0–2.0	918	$2,919	$3.18	5d	26	0.98mi
1325 Snell Isle Blvd NE #507 Saint Petersburg, FL	3.0	3.0	1940	$6,700	$3.45	6d	1	1.11mi
1640 Cape Hope Ave NE #4 Saint Petersburg, FL	4.0	3.0	1610	$3,400	$2.11	26d	1	1.32mi
742 45th Ave NE Saint Petersburg, FL	3.0	3.0	1900	$5,200	$2.74	5d	1	1.39mi
617 Segovia Ct NE Saint Petersburg, FL	2.0	2.5	1420	$2,950	$2.08	26d	1	1.46mi
525 Moreno Cir NE Saint Petersburg, FL	3.0	2.0	1587	$3,500	$2.21	16d	1	1.49mi

Listing history 41 events

1. 2026-05-21
   status Pending
2. 2026-05-15
   status Active
3. 2026-05-05
   status Pending
4. 2026-03-27
   price $345,000
5. 2026-03-24
   status Active
6. 2026-03-23
   status Pending
7. 2026-03-13
   price $359,900
8. 2026-03-13
   status Active
9. 2026-03-06
   status Pending
10. 2026-02-09
    price $364,900
11. 2026-02-02
    historical $2,250
12. 2026-01-28
    listed $2,250
13. 2026-01-11
    price $369,900
14. 2025-11-23
    listed $375,000 Active
15. 2025-07-15
    price $399,000
16. 2025-07-03
    price $420,000
17. 2025-06-20
    price $430,000
18. 2025-06-10
    price $435,000
19. 2025-05-14
    listed $450,000 Active
20. 2025-05-10
    historical
21. 2025-05-07
    price $450,000
22. 2025-04-21
    listed $499,900 Active
23. 2025-03-14
    soldstatus $275,000
24. 2025-03-12
    soldstatus $275,000 Closed
25. 2025-02-21
    status Pending
26. 2025-02-20
    listed $299,900 Active
27. 2022-07-06
    soldstatus $555,000
28. 2022-07-05
    soldstatus $555,000 Closed
29. 2022-05-21
    status Pending
30. 2022-05-13
    listed $499,000 Active
31. 2019-03-20
    soldstatus $280,000
32. 2019-03-15
    soldstatus $280,000
33. 2016-08-10
    soldstatus $235,000 Sold
34. 2016-08-04
    status Pending
35. 2016-08-03
    soldstatus $235,000
36. 2016-06-15
    historical Active with Contract
37. 2016-05-26
    listed $240,000 Active
38. 2012-02-09
    soldstatus $130,000
39. 2012-01-31
    soldstatus $130,000
40. 2011-10-10
    listed $149,900
41. 2005-11-03
    listed $279,900

ⓘ 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: $4,649 · $387/mo
• Projected year-2 tax: $4,649 · $387/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 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 28 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: $43,243
• − Mortgage interest: −$19,325
• − Property taxes: −$4,649
• − Insurance: −$6,844
• − Repairs & maintenance: −$3,459
• − Management: −$3,459
• − Depreciation: −$10,036
• Taxable loss: −$4,530
• Est. tax savings @ 24.0%: +$1,087
• After-tax cash flow: $2,046/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 — St. Petersburg

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: St. Petersburg, FL
• County: Pinellas County · 939,478 people
• City population: 249,151
• Metro: Tampa-St. Petersburg-Clearwater, FL
• Population (ZIP): 25,264
• Household income: $95,224
• Rent vs Own: 19.1% rent · 80.9% own
• Severe rent burden: 509.0

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 (76%)
• Race & ethnicity: White 76% Hispanic / Latino 10% Two or more races 10% Black 5% Asian 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 2%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 9% · Canada, Vietnam
• Languages at home: 87% English-only · Spanish 6% Russian/Polish/Slavic 2% Other Indo-European 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: ▼ -617.95%
• Current HPI: 352.2886
• Rent YoY: ▲ 2.21%
• 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

+23.3% since first listed

41 events — show timeline

• 2026-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-05-15 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-27 Price Changed $345,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-23 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Price Changed $359,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-13 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-03-06 Pending — Stellar MLS as Distributed by MLS Grid
• 2026-02-09 Price Changed $364,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-02 Rental Removed $2,250 TURBOTENANT
• 2026-01-28 Listed for Rent $2,250 TURBOTENANT
• 2026-01-11 Price Changed $369,900 Stellar MLS as Distributed by MLS Grid
• 2025-11-23 Listed $375,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-15 Price Changed $399,000 Stellar MLS as Distributed by MLS Grid
• 2025-07-03 Price Changed $420,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-20 Price Changed $430,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-10 Price Changed $435,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-14 Listed $450,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-10 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2025-05-07 Price Changed $450,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-21 Listed $499,900 Stellar MLS as Distributed by MLS Grid
• 2025-03-14 Sold (Public Records) $275,000 Public Records
• 2025-03-12 Sold (MLS) $275,000 Stellar MLS as Distributed by MLS Grid
• 2025-02-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-02-20 Listed $299,900 Stellar MLS as Distributed by MLS Grid
• 2022-07-06 Sold (Public Records) $555,000 Public Records
• 2022-07-05 Sold (MLS) $555,000 Stellar MLS as Distributed by MLS Grid
• 2022-05-21 Pending — Stellar MLS as Distributed by MLS Grid
• 2022-05-13 Listed $499,000 Stellar MLS as Distributed by MLS Grid
• 2019-03-20 Sold (Public Records) $280,000 Public Records
• 2019-03-15 Sold (MLS) $280,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-10 Sold (MLS) $235,000 Stellar MLS as Distributed by MLS Grid
• 2016-08-04 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-08-03 Sold (Public Records) $235,000 Public Records
• 2016-06-15 Contingent — Stellar MLS as Distributed by MLS Grid
• 2016-05-26 Listed $240,000 Stellar MLS as Distributed by MLS Grid
• 2012-02-09 Sold (Public Records) $130,000 Public Records
• 2012-01-31 Sold (MLS) $130,000 Stellar MLS as Distributed by MLS Grid
• 2011-10-10 Listed $149,900 Stellar MLS as Distributed by MLS Grid
• 2005-11-03 Listed $279,900 Stellar MLS as Distributed by MLS Grid

Property tax history

+5.2%/yr

Latest (2025): $4,649 · -31.9% YoY. Source: county tax records.