9815 47th Ave N #207 · Seminole, FL 33708

$89,900

1 bd · 1.0 ba · 745 sqft · Condo public records · 135 Days on market

Built 1982 $610/mo HOA · 37% of rent

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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 +17.8/30.0
• 1% rule +10.0/10.0
• ARV discount +7.5/15.0
• DSCR +5.6/10.0
• 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

Welcom Home! This cozy 1/1 is located in beautiful Bay Pines. It is walking/bike riding distance to shopping, restaurants, establishments for adult beverages, and the Pinellas Trail. Be sure to catch the incredible sunsets on Maderia Beach only 2 miles away or The American Legion only 1.5 miles away! This condo features beautiful flooring throughout, hurricane impact windows, newer washer/dryer, a storm door which allows additional light and cross breeze to flow through. The lanai is a great place to relax and watch TV or enjoy the beautiful garden below the unit, it also features a large storage closet. The pool and recreation center are just steps away! Shoot some pool, play cards, or relax and enjoy a good book in the library. The building also features a deck for everyone to enjoy. This solid, well maintained building has passed the Milestone inspection with flying colors! HOA fee covers everything except your electric bill. WH 2005, W/ D 2016, HVAC 2015

Key facts

• Building elevator
• Completely renovated
• Indoor laundry

Tags

• BUILDING ELEVATOR
• COMPLETELY RENOVATED
• INDOOR LAUNDRY
• SHORT WALK TO MADEIRA BEACH

Property features AI

Finance

• Other: Partially furnished
• Financial info: Total annual fees: $7,320; Lease restrictions apply
• HOA & community: Monthly condo/association fee: $610 (includes cable TV, pool, electricity, escrow reserves, insurance, internet, building and grounds maintenance, management, private road); Association approval required; Association managed by Paradise Management - Tom Simpson; Senior community; Community amenities: clubhouse, fitness center, pool, community mailbox, wheelchair access; No pets allowed; No truck/RV/motorcycle parking

Exterior

• Parking: Carport with 1 covered 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; 3-story building; unit on 2nd floor; Faces south; Bay Pine Building E
• Construction: Stucco construction; Concrete and membrane roof; Slab foundation; Built as part of a multi-story building
• Exterior features: Balcony; Gunite in-ground private pool

Interior

• Kitchen: Built-in oven; Cooktop; Dishwasher; Microwave; Refrigerator
• Bedrooms: 1 bedroom
• Flooring: Carpet; Ceramic tile
• Bathrooms: 1 full bathroom
• Heating & cooling: Central heating; Central air
• Interior features: Ceiling fans; Eat-in kitchen; Living room / dining room combo; Walk-in closet(s); Window treatments (drapes)
• Laundry & utility: Washer; Dryer; Inside laundry in a laundry closet

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $90k.

Deal economics

• At list price, monthly cash flow is $74 ($888/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 3.6% 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.
• Zoned schools: Orange Grove Elementary School (math 82% / reading 72%, grade A, #170 of 2,144 statewide, top 9%, 435 students, 43% FRL); Osceola Middle School (math 48% / reading 45%, grade D+, #297 of 571 statewide, top 52%, 1,009 students, 52% FRL); Richard O Jacobson Technical High School At Seminole (math 52% / reading 53%, grade C-, #154 of 667 statewide, top 24%, 578 students, 45% FRL) — zoned schools at 47% FRL track the district average.
• Market conditions: Rents soft (-1.8%/yr); 573 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 24d 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 $622 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 135 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 15y ago; this cycle's ask has dropped $45k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: HOA is 37% 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 $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
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 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?
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 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: 1.84% ✓
• Cap rate: 7.28%
• Cash-on-cash: 3.53%
• DSCR: 1.16
• GRM: 4.5

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: -16.9%
• Equity multiple: 0.43×
• Total profit: $-14,297
• Equity at exit: $13,404

10-year hold

• IRR: -27.3%
• Equity multiple: 0.07×
• Total profit: $-23,469
• Equity at exit: $7,773

Cash invested: $25,172 (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: 573
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,652 high
• Mortgage (P&I): −$471
• Tax est. 1.5%: −$112 /mo · $1,348/yr
• Insurance: −$37
• HOA: −$610
• Vacancy / Maint / Mgmt: −$347
• Net cashflow: $74

Break-even live

Break-even rent $1,559

Max offer price $89,900

Occupancy floor 91%

Sensitivity live

Price	-10% $136	-5% $105	+0% $74	+5% $43	+10% $12
Rent	-10% $-57	-5% $9	+0% $74	+5% $139	+10% $205
Rate	-1.0pp $119	-0.5pp $97	base $74	+0.5pp $51	+1.0pp $27

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: $22,475
• Closing costs: $2,697
• 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	26d	1	0.18mi
4652 Miramar Dr Madeira Beach, FL	1.0–2.0	1.0–2.0	958	$1,660	$1.73	0d	37	0.53mi
8800 Bay Pines Blvd #320 Saint Petersburg, FL	1.0	1.0	506	$2,200	$4.35	6d	1	0.82mi
4550 Cove Cir #905 Saint Petersburg, FL	1.0	1.0	530	$1,350	$2.55	26d	1	1.18mi
4575 Cove Cir #505 Saint Petersburg, FL	—	1.0	485	$1,600	$3.30	0d	1	1.20mi
4575 Cove Cir #1105 Saint Petersburg, FL	—	1.0	563	$1,600	$2.84	10d	1	1.20mi
4750 Cove Cir #406 Saint Petersburg, FL	—	1.0	485	$1,400	$2.89	26d	1	1.38mi
25 Lynn Way Unit B Madeira Beach, FL	1.0	1.0	500	$1,500	$3.00	26d	1	1.40mi
24 Lynn Way Unit A Madeira Beach, FL	1.0	1.0	500	$1,480	$2.96	26d	1	1.41mi
24 Lynn Way Unit C Madeira Beach, FL	1.0	1.0	500	$1,500	$3.00	26d	1	1.41mi
5257 81st Ln N #6 Saint Petersburg, FL	1.0	1.0	745	$1,375	$1.85	26d	1	1.42mi
10405 Addison Way Seminole, FL	1.0–3.0	1.0–2.0	1133	$1,759	$1.55	0d	19	1.42mi
14016 E Parsley Dr Unit 2 Madeira Beach, FL	1.0	1.0	504	$1,850	$3.67	16d	1	1.43mi
14016 E Parsley Dr Unit 1 Madeira Beach, FL	1.0	1.0	504	$1,950	$3.87	24d	1	1.43mi
540 Normandy Rd Unit Na Madeira Beach, FL	1.0	1.0	750	$1,950	$2.60	10d	1	1.48mi

HOA detail condo

• Monthly dues: $610 · $7,320/yr
• Likely covers: electricpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-22
   days on market $89,900 Active 135 DOM
2. 2026-06-18
   days on market $89,900 Active 132 DOM
3. 2026-06-17
   days on market $89,900 Active 131 DOM
4. 2026-06-16
   days on market $89,900 Active 130 DOM
5. 2026-06-15
   days on market $89,900 Active 129 DOM
6. 2026-06-13
   days on market $89,900 Active 127 DOM
7. 2026-06-09
   days on market $89,900 Active 123 DOM
8. 2026-06-08
   days on market $89,900 Active 122 DOM
9. 2026-06-07
   days on market $89,900 Active 121 DOM
10. 2026-06-04
    days on market $89,900 Active 118 DOM
11. 2026-06-03
    days on market $89,900 Active 117 DOM
12. 2026-06-01
    days on market $89,900 Active 115 DOM
13. 2026-05-31
    days on market $89,900 Active 114 DOM
14. 2026-04-10
    price $94,999
15. 2026-03-17
    price $99,000
16. 2026-03-10
    price $120,000
17. 2026-02-06
    listed $135,000 Active
18. 2024-06-25
    soldstatus $130,000
19. 2024-06-19
    soldstatus $130,000 Closed 972-char remark

    Show marketing remark (972 chars)

    Welcom Home! This cozy 1/1 is located in beautiful Bay Pines. It is walking/bike riding distance to shopping, restaurants, establishments for adult beverages, and the Pinellas Trail. Be sure to catch the incredible sunsets on Maderia Beach only 2 miles away or The American Legion only 1.5 miles away! This condo features beautiful flooring throughout, hurricane impact windows, newer washer/dryer, a storm door which allows additional light and cross breeze to flow through. The lanai is a great place to relax and watch TV or enjoy the beautiful garden below the unit, it also features a large storage closet. The pool and recreation center are just steps away! Shoot some pool, play cards, or relax and enjoy a good book in the library. The building also features a deck for everyone to enjoy. This solid, well maintained building has passed the Milestone inspection with flying colors! HOA fee covers everything except your electric bill. WH 2005, W/ D 2016, HVAC 2015

20. 2024-04-05
    status Pending 972-char remark

    Show marketing remark (972 chars)

    Welcom Home! This cozy 1/1 is located in beautiful Bay Pines. It is walking/bike riding distance to shopping, restaurants, establishments for adult beverages, and the Pinellas Trail. Be sure to catch the incredible sunsets on Maderia Beach only 2 miles away or The American Legion only 1.5 miles away! This condo features beautiful flooring throughout, hurricane impact windows, newer washer/dryer, a storm door which allows additional light and cross breeze to flow through. The lanai is a great place to relax and watch TV or enjoy the beautiful garden below the unit, it also features a large storage closet. The pool and recreation center are just steps away! Shoot some pool, play cards, or relax and enjoy a good book in the library. The building also features a deck for everyone to enjoy. This solid, well maintained building has passed the Milestone inspection with flying colors! HOA fee covers everything except your electric bill. WH 2005, W/ D 2016, HVAC 2015

21. 2024-04-04
    price $137,500 972-char remark

    Show marketing remark (972 chars)

    Welcom Home! This cozy 1/1 is located in beautiful Bay Pines. It is walking/bike riding distance to shopping, restaurants, establishments for adult beverages, and the Pinellas Trail. Be sure to catch the incredible sunsets on Maderia Beach only 2 miles away or The American Legion only 1.5 miles away! This condo features beautiful flooring throughout, hurricane impact windows, newer washer/dryer, a storm door which allows additional light and cross breeze to flow through. The lanai is a great place to relax and watch TV or enjoy the beautiful garden below the unit, it also features a large storage closet. The pool and recreation center are just steps away! Shoot some pool, play cards, or relax and enjoy a good book in the library. The building also features a deck for everyone to enjoy. This solid, well maintained building has passed the Milestone inspection with flying colors! HOA fee covers everything except your electric bill. WH 2005, W/ D 2016, HVAC 2015

22. 2024-03-01
    listed $139,900 Active 972-char remark

    Show marketing remark (972 chars)

    Welcom Home! This cozy 1/1 is located in beautiful Bay Pines. It is walking/bike riding distance to shopping, restaurants, establishments for adult beverages, and the Pinellas Trail. Be sure to catch the incredible sunsets on Maderia Beach only 2 miles away or The American Legion only 1.5 miles away! This condo features beautiful flooring throughout, hurricane impact windows, newer washer/dryer, a storm door which allows additional light and cross breeze to flow through. The lanai is a great place to relax and watch TV or enjoy the beautiful garden below the unit, it also features a large storage closet. The pool and recreation center are just steps away! Shoot some pool, play cards, or relax and enjoy a good book in the library. The building also features a deck for everyone to enjoy. This solid, well maintained building has passed the Milestone inspection with flying colors! HOA fee covers everything except your electric bill. WH 2005, W/ D 2016, HVAC 2015

23. 2014-01-24
    soldstatus $45,000
24. 2014-01-21
    soldstatus $45,000 875-char remark

    Show marketing remark (875 chars)

    This immaculate, impeccable large 1 bedroom unit shows pride of ownership. Over $15K in upgrades including hurricane windows, granite countertops, ceramic tile in foyer, kitchen and bath, and enclosed lanai overlooking a pond, almost fresh paint, laminate flooring in living room. Inside utility with stackable washer/dryer, and top of the line appliances. Brand new AC, water heater 4 years old. Roof replaced 2009. Located across the street from the VA hospital, 5 min drive to Madeira beach, within minutes to shopping, restaurants. Your parking spot directly in front of building, heated pool across from condo. This unit has it all for your perfect Florida lifestyle. .It is unknown what changes, if any, there will be to flood insurance premiums as a result of The Biggert-Waters Flood Insurance Reform Act of 2012. Please seek the advise of an insurance professional.

25. 2013-09-15
    listed $49,500 875-char remark

    Show marketing remark (875 chars)

    This immaculate, impeccable large 1 bedroom unit shows pride of ownership. Over $15K in upgrades including hurricane windows, granite countertops, ceramic tile in foyer, kitchen and bath, and enclosed lanai overlooking a pond, almost fresh paint, laminate flooring in living room. Inside utility with stackable washer/dryer, and top of the line appliances. Brand new AC, water heater 4 years old. Roof replaced 2009. Located across the street from the VA hospital, 5 min drive to Madeira beach, within minutes to shopping, restaurants. Your parking spot directly in front of building, heated pool across from condo. This unit has it all for your perfect Florida lifestyle. .It is unknown what changes, if any, there will be to flood insurance premiums as a result of The Biggert-Waters Flood Insurance Reform Act of 2012. Please seek the advise of an insurance professional.

26. 2011-11-01
    soldstatus $54,500
27. 2011-10-14
    soldstatus $54,500
28. 2011-05-04
    listed $59,900
29. 2003-11-14
    soldstatus $42,000
30. 2000-03-21
    soldstatus $28,500
31. 1982-08-01
    soldstatus $37,800

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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: $19,827
• − Mortgage interest: −$5,036
• − Property taxes: −$1,348
• − Insurance: −$450
• − Repairs & maintenance: −$1,586
• − Management: −$1,586
• − HOA: −$7,320
• − Depreciation: −$2,615
• Taxable loss: −$114
• Est. tax savings @ 24.0%: +$27
• After-tax cash flow: $915/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

+151.3% since first listed

18 events — show timeline

• 2026-04-10 Price Changed $94,999 Stellar MLS as Distributed by MLS Grid
• 2026-03-17 Price Changed $99,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-10 Price Changed $120,000 Stellar MLS as Distributed by MLS Grid
• 2026-02-06 Listed $135,000 Stellar MLS as Distributed by MLS Grid
• 2024-06-25 Sold (Public Records) $130,000 Public Records
• 2024-06-19 Sold (MLS) $130,000 Stellar MLS as Distributed by MLS Grid
• 2024-04-05 Pending — Stellar MLS as Distributed by MLS Grid
• 2024-04-04 Price Changed $137,500 Stellar MLS as Distributed by MLS Grid
• 2024-03-01 Listed $139,900 Stellar MLS as Distributed by MLS Grid
• 2014-01-24 Sold (Public Records) $45,000 Public Records
• 2014-01-21 Sold (MLS) $45,000 Stellar MLS as Distributed by MLS Grid
• 2013-09-15 Listed $49,500 Stellar MLS as Distributed by MLS Grid
• 2011-11-01 Sold (Public Records) $54,500 Public Records
• 2011-10-14 Sold (MLS) $54,500 Stellar MLS as Distributed by MLS Grid
• 2011-05-04 Listed $59,900 Stellar MLS as Distributed by MLS Grid
• 2003-11-14 Sold (Public Records) $42,000 Public Records
• 2000-03-21 Sold (Public Records) $28,500 Public Records
• 1982-08-01 Sold (Public Records) $37,800 Public Records

Property tax history

-15.3%/yr

Latest (2025): $56 · -95.9% YoY. Source: county tax records.