2845 64th Ter S · St. Petersburg, FL 33712

$399,999

4 bd · 2.0 ba · 1,294 sqft · SingleFamily public records · 125 Days on market

Built 1956 7,593 sqft lot Est $428k · 7% under

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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).

• Cash flow +14.1/30.0
• ARV discount +10.5/15.0
• DSCR +4.3/10.0
• Schools +4.3/10.0
• 1% rule +2.9/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Rent growth +2.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

Key facts

• Designer kitchen
• No flood zone
• Fully fenced lot

Tags

• FULLY FENCED LOT
• NO FLOOD ZONE
• DESIGNER KITCHEN
• LUXURIOUS QUARTZ COUNTERTOPS
• BREAKFAST BAR
• LUXURY VINYL FLOORING

Property features AI

Finance

• Other: Unfurnished; No lease restrictions reported

Exterior

• Parking: Attached garage (1 car)
• Utilities: Public water; Public sewer; Cable available; Electricity connected; Sewer connected
• Home design: Single family residence; One story; Faces south; Residential property
• Construction: Block construction; Shingle roof; Slab foundation; Built on a 0.17-acre lot (approx. 65 x 117)
• Exterior features: Enclosed patio/porch; Fire pit; Private mailbox; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Microwave; Range; Refrigerator
• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Central air conditioning
• Interior features: Solid surface counters; Thermostat
• Laundry & utility: Washer (included); Laundry area in garage

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $55 ($665/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $317k (20.8% below list).
• Recommended offer: $317k (20.8% below list) — sets the bar for 1% rule.
• Cap rate 6.5% 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.
• Market conditions: Rents soft (-0.8%/yr); 204 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 14d 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 $3,169/mo this rent would consume 63% of the median local household income ($60k/yr) (locally 1928% 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 $3k of loan paydown is wiped out by about $12k 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 125 days — a 12% lower offer ($352k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y ago; this cycle's ask has dropped $75k (16%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $305k; 31% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: 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 $316,893 (20.8% below list)

Questions for the listing agent

1. It's been on market 125 days. Have you received any prior offers? Is the seller open to a 21% concession, seller financing, or rate buy-down credit?
2. Built in 1956 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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. 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: 0.79% ✗
• Cap rate: 6.46%
• Cash-on-cash: 0.59%
• DSCR: 1.03
• GRM: 10.5

CMA / ARV

• ARV (on-the-fly): $428,314
• Comps found: 10

Show comp detail 10 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2860 64th Ter S	0.03mi	3/2.0 (-1)	1,411 (+9%)	2mo	$479,000	$339	77
2861 Pinellas Point Dr S	0.05mi	3/1.0 (-1)	1,222 (-6%)	11mo	$425,132	$348	70
6318 30th St S	0.14mi	3/2.0 (-1)	1,446 (+12%)	5mo	$460,000	$318	64
2664 60th Ave S	0.25mi	3/2.0 (-1)	1,445 (+12%)	3mo	$525,000	$363	61
2483 66th Ter S	0.34mi	3/2.0 (-1)	1,448 (+12%)	1mo	$480,000	$331	58
2563 Roy Hanna Dr S	0.22mi	3/2.0 (-1)	1,198 (-7%)	19mo	$522,250	$436	56
2594 60th Ave S	0.28mi	3/2.0 (-1)	1,445 (+12%)	17mo	$413,500	$286	49
2443 68th Ave S	0.42mi	3/2.0 (-1)	1,454 (+12%)	9mo	$450,000	$309	48
2066 62nd Pl S	0.70mi	3/2.0 (-1)	1,470 (+14%)	14mo	$336,400	$229	28
2056 62nd Ave S	0.74mi	3/2.0 (-1)	1,476 (+14%)	13mo	$368,000	$249	26

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: -18.4%
• Equity multiple: 0.37×
• Total profit: $-70,723
• Equity at exit: $59,641

10-year hold

• IRR: -17.3%
• Equity multiple: 0.16×
• Total profit: $-93,527
• Equity at exit: $34,585

Cash invested: $112,000 (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 33712

• Rents YoY: -0.8%
• Active inventory: 204
• Price-to-rent: 10.5×

Monthly cashflow live

• Estimated rent: $3,169 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$184 /mo · $2,205/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$665
• Net cashflow: $55

Break-even live

Break-even rent $3,099

Max offer price $399,999

Occupancy floor 93%

Sensitivity live

Price	-10% $282	-5% $169	+0% $55	+5% $-58	+10% $-171
Rent	-10% $-195	-5% $-70	+0% $55	+5% $181	+10% $306
Rate	-1.0pp $257	-0.5pp $157	base $55	+0.5pp $-48	+1.0pp $-154

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2600 60th Ave S Saint Petersburg, FL	3.0	2.0	1327	$3,295	$2.48	5d	1	0.28mi
2449 66th Ave S St Petersburg, FL	3.0	2.0	1568	$3,450	$2.20	18d	1	0.37mi
2147 68th Ter S St. Petersburg, FL	3.0	1.5	1423	$1,540	$1.08	13d	1	0.70mi
2008 59th Cir S Saint Petersburg, FL	3.0	2.0	1361	$2,799	$2.06	25d	1	0.82mi
4908 38th Way S St Petersburg, FL	1.0–3.0	2.0	1145	$3,500	$3.06	8d	2	1.17mi
4900 38th Way S #302 Saint Petersburg, FL	3.0	2.0	1500	$2,500	$1.67	13d	1	1.22mi
1301 62nd Ter S Saint Petersburg, FL	4.0	2.0	1703	$3,700	$2.17	5d	1	1.26mi
4341 34th St S St. Petersburg, FL	1.0–3.0	1.0–2.0	1061	$4,668	$4.40	2d	101	1.36mi

Listing history 36 events

1. 2026-06-13
   statusdays on market $399,999 Pending 125 DOM
2. 2026-06-09
   days on market $399,999 Active 124 DOM
3. 2026-06-08
   days on market $399,999 Active 123 DOM
4. 2026-06-07
   pricedays on market $399,999 Active 122 DOM
5. 2026-06-04
   days on market $429,900 Active 119 DOM
6. 2026-06-03
   days on market $429,900 Active 118 DOM
7. 2026-06-01
   days on market $429,900 Active 116 DOM
8. 2026-05-31
   days on market $429,900 Active 115 DOM
9. 2026-05-06
   price $429,900
10. 2026-05-05
    status Active
11. 2026-05-04
    historical
12. 2026-04-23
    price $435,900
13. 2026-04-15
    price $449,900
14. 2026-03-31
    price $454,900
15. 2026-03-05
    price $459,900
16. 2026-02-16
    price $464,999
17. 2026-02-04
    listed $475,000 Active
18. 2025-06-25
    soldstatus $305,100
19. 2025-06-09
    soldstatus $295,000
20. 2025-05-31
    soldstatus $295,000 Closed 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

21. 2025-05-16
    status Pending 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

22. 2025-05-14
    status Active 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

23. 2025-05-08
    status Pending 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

24. 2025-04-18
    price $360,000 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

25. 2025-04-15
    price $370,000 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

26. 2025-03-13
    listed $380,000 Active 413-char remark

    Show marketing remark (413 chars)

    Location, location, location! This charming 4-bedroom, 1.5-bathroom block home offers quick access to downtown St. Pete, Bradenton, and Tampa (just off 275) in a quiet, desirable St. Pete neighborhood. The well-maintained residence features 1,294 sq ft of living space on a 7,593 sq ft lot, central AC, a fully fenced backyard, a one-car garage, terrazzo flooring, and a functional kitchen with modern appliances.

27. 2016-09-06
    soldstatus $159,900
28. 2016-08-30
    soldstatus $160,000 Sold 190-char remark

    Show marketing remark (190 chars)

    New roof in 2011, great community. This 4 bedroom 1.5 bath block home in St. Pete. It features a fully fenced back yard on a larger lot than most in the area. In great shape and ready to go!

29. 2016-07-19
    status Pending 190-char remark

    Show marketing remark (190 chars)

    New roof in 2011, great community. This 4 bedroom 1.5 bath block home in St. Pete. It features a fully fenced back yard on a larger lot than most in the area. In great shape and ready to go!

30. 2016-07-13
    listed $159,900 Active 190-char remark

    Show marketing remark (190 chars)

    New roof in 2011, great community. This 4 bedroom 1.5 bath block home in St. Pete. It features a fully fenced back yard on a larger lot than most in the area. In great shape and ready to go!

31. 2016-01-22
    status Pending
32. 2016-01-21
    historical
33. 2016-01-05
    price $125,000
34. 2015-12-31
    listed $150,000 Active
35. 1999-08-05
    soldstatus $90,000
36. 1997-02-06
    soldstatus $58,500

ⓘ 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: $2,205 · $184/mo
• Projected year-2 tax: $3,320 · $277/mo
• Expected delta: +$1,115/yr (+$93/mo · 50.6%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 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 3 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $38,027
• − Mortgage interest: −$22,406
• − Property taxes: −$2,205
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,042
• − Management: −$3,042
• − Depreciation: −$11,636
• Taxable loss: −$6,305
• Est. tax savings @ 24.0%: +$1,513
• After-tax cash flow: $2,178/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): 27,142
• Household income: $60,450
• Rent vs Own: 43.2% rent · 56.8% own
• Severe rent burden: 1928.0

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 Black (68%)
• Race & ethnicity: Black 68% White 23% Two or more races 6% Hispanic / Latino 4%
• Common ancestry: Lithuanian 1% Slovak 1% Estonian 1%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 92% English-only · French/Haitian/Cajun 3% Spanish 3% 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: ▼ -275.45%
• Current HPI: 412.7251
• Rent YoY: ▼ -0.77%
• 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

+634.9% since first listed

28 events — show timeline

• 2026-05-06 Price Changed $429,900 Stellar MLS as Distributed by MLS Grid
• 2026-05-05 Relisted — Stellar MLS as Distributed by MLS Grid
• 2026-05-04 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2026-04-23 Price Changed $435,900 Stellar MLS as Distributed by MLS Grid
• 2026-04-15 Price Changed $449,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-31 Price Changed $454,900 Stellar MLS as Distributed by MLS Grid
• 2026-03-05 Price Changed $459,900 Stellar MLS as Distributed by MLS Grid
• 2026-02-16 Price Changed $464,999 Stellar MLS as Distributed by MLS Grid
• 2026-02-04 Listed $475,000 Stellar MLS as Distributed by MLS Grid
• 2025-06-25 Sold (Public Records) $305,100 Public Records
• 2025-06-09 Sold (Public Records) $295,000 Public Records
• 2025-05-31 Sold (MLS) $295,000 Stellar MLS as Distributed by MLS Grid
• 2025-05-16 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-05-14 Relisted — Stellar MLS as Distributed by MLS Grid
• 2025-05-08 Pending — Stellar MLS as Distributed by MLS Grid
• 2025-04-18 Price Changed $360,000 Stellar MLS as Distributed by MLS Grid
• 2025-04-15 Price Changed $370,000 Stellar MLS as Distributed by MLS Grid
• 2025-03-13 Listed $380,000 Stellar MLS as Distributed by MLS Grid
• 2016-09-06 Sold (Public Records) $159,900 Public Records
• 2016-08-30 Sold (MLS) $160,000 Stellar MLS as Distributed by MLS Grid
• 2016-07-19 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-07-13 Listed $159,900 Stellar MLS as Distributed by MLS Grid
• 2016-01-22 Pending — Stellar MLS as Distributed by MLS Grid
• 2016-01-21 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-01-05 Price Changed $125,000 Stellar MLS as Distributed by MLS Grid
• 2015-12-31 Listed $150,000 Stellar MLS as Distributed by MLS Grid
• 1999-08-05 Sold (Public Records) $90,000 Public Records
• 1997-02-06 Sold (Public Records) $58,500 Public Records

Property tax history

+2.2%/yr

Latest (2025): $2,205 · +6.2% YoY. Source: county tax records.