1601 43rd St N #129 · St. Petersburg, FL 33713

$209,900

2 bd · 2.0 ba · 1,140 sqft · Condo public records · 89 Days on market

Built 1984 $656/mo HOA · 29% of rent

---

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).

• Cash flow +10.9/30.0
• ARV discount +7.5/15.0
• 1% rule +5.8/10.0
• Schools +4.3/10.0
• DSCR +3.1/10.0
• Rent growth +2.7/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to Harshaw Lake Park! Discover a hidden gem in this small (63 unit) 55+ complex, BUILT IN 1984, in the heart of St. Petersburg - MOVE-IN ready GROUND FLOOR 2 bedroom 2 bath condo (1,140 htd. sqft) with enclosed Florida room and INSIDE LAUNDRY! The inviting EAT-IN KITCHEN boasts newer Whirlpool and Kenmore appliances, Granite counters & tile backsplash, new faucet, modern designer-style lighting, and ample cabinet space - perfect for cooking & entertaining. Designed for comfort, the open-concept split floor plan allows for seamless flow and privacy between living spaces. Enjoy your morning coffee in your private "backyard oasis" overlooking the tranquil gardens

Key facts

• Ground floor condo
• Eat-in kitchen
• Granite counters

Tags

• GROUND FLOOR CONDO
• ENCLOSED FLORIDA ROOM
• INSIDE LAUNDRY
• EAT-IN KITCHEN
• GRANITE COUNTERS
• TILE BACKSPLASH

Property features AI

Finance

• Other: Association names: Hunter Moore; Harshaw Lake Park
• Financial info: Total annual association fees $7,872; Lease restrictions apply
• HOA & community: Monthly association fee of $656 (includes cable TV, common area taxes, pool, escrow reserves, insurance, structure and grounds maintenance, management, private road, recreational facilities, sewer, trash, water); Association approval required; Association recreation owned, clubhouse, pool, community mailbox, sidewalks; No truck/RV/motorcycle parking; Senior community; cats allowed; Condo land included

Exterior

• Parking: Carport with 1 space
• Security: Community with deed restrictions and buyer approval required
• Utilities: Public water (see remarks); Public sewer; Electricity connected; Water connected; Sewer connected; Cable available; BB/HS internet available; Underground utilities
• Home design: Condominium (attached); One-level unit (floor 1); West-facing
• Construction: Block and stucco construction; Built-up roof; Slab foundation; Completed condition; Part of Harshaw Lake Park Condo
• Exterior features: Lighting; Private mailbox; Sidewalks; Masonry fencing; Landscaped grounds; Cleared and private lot; Paved roads (private maintained road); Irrigation equipment

Interior

• Kitchen: Dishwasher; Disposal; Range; Refrigerator; Stone counters; Eat-in kitchen
• Bedrooms: 2 bedrooms (first floor)
• Flooring: Carpet; Ceramic tile; Wood
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning
• Interior features: Ceiling fans; Eat-in kitchen; Living room/dining room combo; Open floorplan; Split bedroom floorplan; Stone counters; Walk-in closets; Window treatments; Shades; Accessible entrance; Inside utility / great room
• Laundry & utility: Washer; Dryer; Inside laundry room; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $210k.

Deal economics

• At list price, monthly cash flow is $-94 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $193k (7.9% below list).
• Meets the 1% rule at list price ($2k rent vs $210k).
• Recommended offer: $193k (7.9% below list) — sets the bar for cash-flow.
• Cap rate 5.8% 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 D — 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: Northwest Elementary School (math 56% / reading 50%, grade C, #963 of 2,144 statewide, top 45%, 477 students, 63% FRL); Tyrone Middle School (math 35% / reading 28%, grade F, #453 of 571 statewide, top 81%, 847 students, 68% FRL); St. Petersburg High School (math 31% / reading 61%, grade D-, #220 of 667 statewide, top 33%, 1,723 students, 39% FRL).
• Market conditions: Rents flat; 311 active listings in the ZIP; 40 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).
• This rent runs 36% of the median local income ($75k/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 $1k of loan paydown is wiped out by about $6k 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 89 days — a 6% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $65k; list at $210k implies a 223% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 29% of rent.
• Climate carrying-cost: 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 $193,290 (7.9% 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 89 days. Have you received any prior offers? Is the seller open to a 8% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. 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?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. 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?
8. 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.
9. 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.
10. 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: 1.08% ✓
• Cap rate: 5.76%
• Cash-on-cash: -1.92%
• DSCR: 0.91
• GRM: 7.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -22.8%
• Equity multiple: 0.24×
• Total profit: $-44,895
• Equity at exit: $31,297

10-year hold

• IRR: -27.5%
• Equity multiple: -0.12×
• Total profit: $-65,924
• Equity at exit: $18,148

Cash invested: $58,772 (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 33713

• Rents YoY: 0.7%
• Active inventory: 311
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $2,267 high
• Mortgage (P&I): −$1,101
• Tax from tax record: −$41 /mo · $491/yr
• Insurance: −$87
• HOA: −$656
• Vacancy / Maint / Mgmt: −$476
• Net cashflow: $-94

Break-even live

Break-even rent $2,386

Max offer price $193,290

Occupancy floor 99%

Sensitivity live

Price	-10% $25	-5% $-35	+0% $-94	+5% $-153	+10% $-213
Rent	-10% $-273	-5% $-184	+0% $-94	+5% $-4	+10% $85
Rate	-1.0pp $12	-0.5pp $-41	base $-94	+0.5pp $-148	+1.0pp $-204

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: $52,475
• Closing costs: $6,297
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1803 42nd Way N Saint Petersburg, FL	2.0	2.0	1421	$4,200	$2.96	26d	1	0.16mi
4136 13th Ave N Saint Petersburg, FL	3.0	2.0	1154	$2,600	$2.25	13d	1	0.23mi
4148 11th Ave N Saint Petersburg, FL	2.0	1.0	806	$2,000	$2.48	26d	1	0.33mi
1101 46th St N Saint Petersburg, FL	2.0	1.0	1300	$2,200	$1.69	0d	1	0.36mi
4218 24th Ave N Saint Petersburg, FL	2.0	1.0	1121	$1,925	$1.72	6d	1	0.42mi
4594 10th Ave N Saint Petersburg, FL	3.0	2.0	1432	$3,100	$2.16	26d	1	0.44mi
1200 37th St N #409 Saint Petersburg, FL	2.0	2.0	827	$1,695	$2.05	6d	1	0.53mi
4942 Oxford Ave N Saint Petersburg, FL	2.0	1.0	776	$1,700	$2.19	26d	1	0.55mi
3801 9th Ave N Saint Petersburg, FL	1.0	1.0	702	$1,295	$1.84	0d	1	0.55mi
4526 6th Ave N Saint Petersburg, FL	2.0	1.0	888	$1,950	$2.20	6d	1	0.65mi
600 40th St N Saint Petersburg, FL	1.0–3.0	1.0–2.5	1187	$1,598	$1.35	6d	12	0.65mi
4227 5th Ave N Saint Petersburg, FL	2.0	1.0	930	$2,100	$2.26	6d	1	0.66mi
3700 9th Ave N Saint Petersburg, FL	1.0–2.0	1.0–2.0	755	$2,025	$2.68	3d	3	0.67mi
3901 5th Ave N Unit 3901 5th D St. Petersburg, FL	2.0	1.0	825	$1,595	$1.93	9d	1	0.72mi
5145 17th Ave N Saint Petersburg, FL	3.0	2.0	1242	$2,875	$2.31	0d	1	0.73mi
630 50th St N Saint Petersburg, FL	2.0	1.0	1085	$2,070	$1.91	26d	1	0.82mi
3601 6th Ave N Saint Petersburg, FL	2.0	2.0	808	$2,400	$2.97	6d	1	0.83mi
4083 30th Ave N Saint Petersburg, FL	2.0	1.0	924	$1,750	$1.89	19d	1	0.87mi
5330 11th Ave N Saint Petersburg, FL	2.0	1.0	756	$1,800	$2.38	6d	1	0.91mi
3750 4th Ave N Saint Petersburg, FL	2.0	1.0	881	$2,100	$2.38	26d	1	0.93mi
3664 29th Ave N Saint Petersburg, FL	2.0	1.0	1105	$2,400	$2.17	16d	1	0.95mi
5318 9th Ave N Saint Petersburg, FL	3.0	2.0	1142	$2,600	$2.28	6d	1	0.95mi
3720 3rd Ave N Unit 1/2 St. Petersburg, FL	3.0	3.0	1392	$3,000	$2.16	26d	1	1.00mi
3844 Burlington Ave N Saint Petersburg, FL	2.0	1.0	828	$1,895	$2.29	21d	1	1.00mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,798	$2.18	5d	1	1.01mi
250 37th St N Saint Petersburg, FL	2.0	1.0	826	$1,813	$2.19	9d	1	1.01mi
3823 2nd Ave N Saint Petersburg, FL	2.0	1.0	944	$2,300	$2.44	5d	1	1.03mi
3938 2nd Ave N Saint Petersburg, FL	2.0	1.0	1000	$2,495	$2.50	5d	1	1.04mi
5535 18th Ave N Saint Petersburg, FL	2.0	1.5	961	$1,975	$2.06	0d	1	1.05mi
3100 Hartford St N #121 Saint Petersburg, FL	1.0	1.0	755	$1,200	$1.59	26d	1	1.09mi
3435 3rd Ave N Saint Petersburg, FL	1.0–2.0	1.0	772	$1,795	$2.32	3d	4	1.10mi
3653 2nd Ave N Saint Petersburg, FL	2.0	1.0	1024	$2,500	$2.44	26d	1	1.11mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	0d	1	1.11mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	1100	$1,950	$1.77	26d	1	1.11mi
3815 1st Ave N Unit A St. Petersburg, FL	2.0	1.5	700	$1,895	$2.71	12d	1	1.11mi
2819 53rd St N Saint Petersburg, FL	2.0	1.0	900	$1,995	$2.22	6d	1	1.13mi
3480 32nd Ave N #105 Saint Petersburg, FL	2.0	1.0	805	$1,350	$1.68	19d	1	1.14mi
3460 32nd Ave N #101 Saint Petersburg, FL	2.0	1.0	805	$1,700	$2.11	4d	1	1.15mi
5050 2nd Ave N Saint Petersburg, FL	2.0	1.0	816	$1,495	$1.83	5d	1	1.18mi
3316 31st Ave N St. Petersburg, FL	1.0–2.0	1.0	825	$1,649	$2.00	0d	3	1.21mi

HOA detail condo

• Monthly dues: $656 · $7,872/yr
• Likely covers: pool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 16 events

1. 2026-06-22
   days on market $209,900 Active 89 DOM
2. 2026-06-18
   days on market $209,900 Active 86 DOM
3. 2026-06-17
   days on market $209,900 Active 85 DOM
4. 2026-06-16
   days on market $209,900 Active 84 DOM
5. 2026-06-15
   days on market $209,900 Active 83 DOM
6. 2026-06-13
   pricedays on market $209,900 Active 81 DOM
7. 2026-06-09
   days on market $210,000 Active 77 DOM
8. 2026-06-08
   days on market $210,000 Active 76 DOM
9. 2026-06-07
   pricedays on market $210,000 Active 75 DOM
10. 2026-06-04
    days on market $215,000 Active 72 DOM
11. 2026-06-03
    days on market $215,000 Active 71 DOM
12. 2026-06-01
    days on market $215,000 Active 69 DOM
13. 2026-05-31
    days on market $215,000 Active 68 DOM
14. 2026-04-02
    price $215,000
15. 2026-03-24
    listed $229,900 Active
16. 1984-06-01
    soldstatus $64,900

ⓘ 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: $491 · $41/mo
• Projected year-2 tax: $1,742 · $145/mo
• Expected delta: +$1,251/yr (+$104/mo · 254.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,207
• − Mortgage interest: −$11,758
• − Property taxes: −$491
• − Insurance: −$1,050
• − Repairs & maintenance: −$2,177
• − Management: −$2,177
• − HOA: −$7,872
• − Depreciation: −$6,106
• Taxable loss: −$4,423
• Est. tax savings @ 24.0%: +$1,062
• After-tax cash flow: $-67/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): 31,729
• Household income: $74,707
• Rent vs Own: 31.3% rent · 68.7% own
• Severe rent burden: 1076.0

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 (71%)
• Race & ethnicity: White 71% Hispanic / Latino 13% Two or more races 9% Black 7% Asian 6%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2% Cuban 3%
• Common ancestry: Romanian 3% Lithuanian 2% Slovak 2%
• Foreign-born: 12% · Canada, Vietnam
• Languages at home: 84% English-only · Spanish 9% Other Asian/Pacific 2% Vietnamese 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: ▼ -439.69%
• Current HPI: 478.8317
• Rent YoY: ▲ 0.67%
• 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

+231.3% since first listed

3 events — show timeline

• 2026-04-02 Price Changed $215,000 Stellar MLS as Distributed by MLS Grid
• 2026-03-24 Listed $229,900 Stellar MLS as Distributed by MLS Grid
• 1984-06-01 Sold (Public Records) $64,900 Public Records

Property tax history

-7.7%/yr

Latest (2025): $491 · +5.5% YoY. Source: county tax records.