1627 Prestonpark Ln · Maryland Heights, MO 63146

$348,000

3 bd · 2.5 ba · 2,260 sqft · SingleFamily public records · 26 Days on market

Built 1976 8,772 sqft lot Est $389k · 10% 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).

• ARV discount +12.2/15.0
• Appreciation +10.0/10.0
• Cash flow +7.6/30.0
• Schools +5.1/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• DSCR +1.7/10.0
• 1% rule +1.6/10.0

Listing remarks MLS

Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

Key facts

• 8,772 sq ft lot
• 2 garage spots
• Built 1976

Property features AI

Finance

• Other: Living area reported as 2,260 (1,260 above grade, 1,000 below grade); Lot dimensions approximately 82x107

Exterior

• Parking: Four total parking spaces; Two-car attached garage (approx. 19x25)
• Utilities: Public water; Public sewer; Electric service by Ameren; Cable available; Electricity available; Natural gas available; Sewer available; Water available
• Home design: Single family residence (attached); One level (levels listed as One); Private ownership
• Construction: Brick veneer and vinyl siding exterior; Architectural shingle roof; Finished basement (full)
• Exterior features: Covered patio; Deck; Front porch; Patio; Back yard; Front yard; Some trees

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bedrooms: Four bedrooms total, three on the main level and one in the lower level
• Bathrooms: Two full bathrooms and one half bath; Two full baths on the main level, one half bath in the lower level
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric)
• Interior features: Pantry; Finished basement with sleeping area and bathroom; Living room fireplace
• Laundry & utility: Dedicated laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $348k.

Deal economics

• At list price, monthly cash flow is $-411 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $275k (20.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $231k (33.6% below list).
• Recommended offer: $231k (33.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 71/100 on livability (#101 in MO) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, crime A-; Watch: health & safety C-, amenities F, commute F.
• Parkway C-2 (suburban): math 49% / reading 62% proficiency, ranked #18 of 324 in MO (top 6%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 14% free/reduced lunch — higher-income household profile.
• Zoned schools: Craig Elem. (math 42% / reading 57%, grade D, #284 of 1,115 statewide, top 30%, 389 students, 17% FRL); Northeast Middle (math 33% / reading 47%, grade F, #185 of 391 statewide, top 48%, 703 students, 24% FRL); North High (math 35% / reading 70%, grade C-, #89 of 521 statewide, top 17%, 1,074 students, 34% FRL).
• Market conditions: Rents soft (-3.0%/yr); 173 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 920 units permitted in St. Louis County in 2024 (250 in 5+ unit buildings).
• This rent runs 33% of the median local income ($85k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $37k of equity ($2k loan paydown + $35k appreciation (10.0% local appreciation)).
• By year 2, paydown + projected appreciation supports a ~$60k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 26 days — a 2% lower offer ($343k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 10y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $203k; list at $348k implies a 71% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $231,190 (33.6% 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. Built in 1976 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 0.66% ✗
• Cap rate: 4.88%
• Cash-on-cash: -5.06%
• DSCR: 0.77
• GRM: 12.5

CMA / ARV

• ARV (on-the-fly): $388,720
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12476 Sparrowwood Dr	0.49mi	3/3.0	2,189 (-3%)	4mo	$349,900	$160	66
1517 Shadyside Ln	0.36mi	4/3.0 (+1)	2,352 (+4%)	5mo	$455,000	$193	65
12045 Bridal Shire Ct	0.53mi	4/2.5 (+1)	2,247 (-1%)	7mo	$359,000	$160	64
12381 Merrick Dr	0.22mi	4/3.0 (+1)	2,492 (+10%)	3mo	$550,000	$221	63
1122 King Carey Dr	0.66mi	3/2.0	2,198 (-3%)	1mo	$310,000	$141	62
12519 New Woodland Ct	0.57mi	3/3.0	2,490 (+10%)	5mo	$550,000	$221	50
1629 Ross Ave	0.48mi	4/2.0 (+1)	2,028 (-10%)	9mo	$349,500	$172	46
1121 King Carey Dr	0.68mi	4/2.0 (+1)	2,525 (+12%)	0mo	$350,000	$139	42
12558 Pepperwood Dr	0.66mi	3/2.0	1,989 (-12%)	7mo	$319,000	$160	41
1100 King Carey Dr	0.71mi	4/3.0 (+1)	2,444 (+8%)	8mo	$345,000	$141	40
12558 Westport Dr	0.61mi	4/2.0 (+1)	1,977 (-12%)	5mo	$350,000	$177	39
11706 Holly Springs Dr	0.73mi	3/2.0	1,932 (-14%)	4mo	$345,000	$179	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

10.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 19.9%
• Equity multiple: 2.61×
• Total profit: $156,507
• Equity at exit: $313,506

10-year hold

• IRR: 17.7%
• Equity multiple: 5.82×
• Total profit: $469,208
• Equity at exit: $676,087

Cash invested: $97,440 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 81 Strongly Landlord-Friendly
• State Missouri: 81 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

Generally landlord-friendly; St Louis has some habitability requirements.

Methodology + full state rankings →

ZIP-level market 63146

• Home prices YoY: 4.9%
• Rents YoY: -3.0%
• Active inventory: 173
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $2,312 high
• Mortgage (P&I): −$1,825
• Tax from tax record: −$267 /mo · $3,210/yr
• Insurance: −$145
• HOA: −$0
• Vacancy / Maint / Mgmt: −$485
• Net cashflow: $-411

Break-even live

Break-even rent $2,832

Max offer price $275,388

Occupancy floor —

Sensitivity live

Price	-10% $-214	-5% $-313	+0% $-411	+5% $-510	+10% $-608
Rent	-10% $-594	-5% $-502	+0% $-411	+5% $-320	+10% $-228
Rate	-1.0pp $-236	-0.5pp $-323	base $-411	+0.5pp $-501	+1.0pp $-593

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: $87,000
• Closing costs: $10,440
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1638 Prestonpark Ln Saint Louis, MO	3.0	2.5	1734	$2,610	$1.51	45d	1	0.03mi
1731 Wishingwell Dr Saint Louis, MO	3.0	2.0	2729	$2,701	$0.99	0d	1	0.23mi
1145 Mackinac Dr Saint Louis, MO	4.0	2.5	1588	$2,490	$1.57	0d	1	0.72mi
12533 Starspur Ln Saint Louis, MO	4.0	4.0	1982	$2,795	$1.41	5d	1	0.78mi
11752 Russet Meadow Dr Saint Louis, MO	3.0	2.5	1578	$2,000	$1.27	5d	1	0.90mi
12545 Markaire Dr St. Louis, MO	1.0–3.0	1.0–4.0	1420	$2,695	$1.90	12d	5	0.96mi
1308 Palm Ridge Ct Saint Louis, MO	3.0	2.0	1652	$2,400	$1.45	0d	1	1.11mi
807 Cross Creek Dr Creve Coeur, MO	3.0	1.0–2.5	1066	$1,989	$1.86	0d	36	1.26mi

Listing history 24 events

1. 2026-06-21
   days on market $348,000 Active 26 DOM
2. 2026-06-18
   days on market $348,000 Active 23 DOM
3. 2026-06-17
   days on market $348,000 Active 22 DOM
4. 2026-06-16
   days on market $348,000 Active 21 DOM
5. 2026-06-15
   days on market $348,000 Active 20 DOM
6. 2026-06-13
   days on market $348,000 Active 18 DOM
7. 2026-06-13
   days on market $348,000 Active 17 DOM
8. 2026-06-09
   days on market $348,000 Active 14 DOM
9. 2026-06-08
   status $348,000 Active 13 DOM
10. 2026-05-20
    status Active
11. 2026-04-28
    status Pending
12. 2026-04-22
    listed $348,000 Active
13. 2026-04-20
    historical $348,000
14. 2016-06-29
    soldstatus $203,000
15. 2016-06-27
    soldstatus Closed 896-char remark

    Show marketing remark (896 chars)

    Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

16. 2016-06-22
    status Pending 896-char remark

    Show marketing remark (896 chars)

    Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

17. 2016-03-07
    historical 896-char remark

    Show marketing remark (896 chars)

    Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

18. 2016-03-07
    historical Option 896-char remark

    Show marketing remark (896 chars)

    Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

19. 2016-03-04
    listed $194,900 Active 896-char remark

    Show marketing remark (896 chars)

    Parkway north Schools. Over 2300 sq ft of living area in this super functional home with 3 bedrooms and 2 full baths- main level and an additional bedroom and bath in the lower level walk out. The lower level features a fantastic family room with gas fireplace and a large rec/play area. The master suite is beautiful including the full bath, all bedrooms are great sizes. You will love the updated kitchen with bright white cabinets, breakfast bar, and updated appliances. New carpet upstairs Jan 2016, LL carpet new Jan 2015, new dishwasher Dec 2015, new roof 2012, new water heater in 2015, 2 new French exterior doors 2016. This home is very well maintained, neutral paint, great natural light and a great space for kids and adults alike. Schools are close, parks, shopping galore, easy access to HWY 270 in this central location. Minutes from Westport and short drive to Creve Coeur Lake.

20. 2010-06-09
    soldstatus $181,000
21. 1998-05-20
    soldstatus $137,000
22. 1991-05-01
    soldstatus $96,500
23. 1990-12-01
    soldstatus
24. 1986-12-01
    soldstatus $80,000

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

Tax reassessment forecast MO · Resets to sale price

• Current annual tax: $3,210 · $267/mo
• Projected year-2 tax: $3,376 · $281/mo
• Expected delta: +$166/yr (+$14/mo · 5.2%)

ⓘ 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 5/10 Major 7 d/yr ≥106°F today · 21 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $27,743
• − Mortgage interest: −$19,493
• − Property taxes: −$3,210
• − Insurance: −$1,740
• − Repairs & maintenance: −$2,219
• − Management: −$2,219
• − Depreciation: −$10,124
• Taxable loss: −$11,263
• Est. tax savings @ 24.0%: +$2,703
• After-tax cash flow: $-2,229/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: Parkway C-2
• NCES district ID: 2923580
• Math proficiency: 49% ▼ -11.00%
• Reading proficiency: 62% ▼ -2.00%
• Median HH income: $83,551
• Composite: 50.5/100
• National rank: #1851
• State rank: #18 of 324 in MO

Livability — Maryland Heights

• Score: 71/100
• State rank: #101
• US rank: #6808

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saint Louis County · 888,823 people
• City population: 21,924
• Metro: St. Louis, MO-IL
• Population (ZIP): 30,678
• Household income: $84,756
• Rent vs Own: 42.5% rent · 57.5% own
• Severe rent burden: 1156.0

Population outlook (St. Louis County) Hauer SSP2

• Today (2025): 1,025,227 people
• By 2030: 1,028,023 · +0.3%
• By 2040: 1,020,940 · -0.4%
• By 2050: 1,007,280 · -1.8%
• By 2075: 987,277 · -3.7%
• By 2100: 921,984 · -10.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: White 63% Asian 17% Black 13% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Scotch-Irish 3% Romanian 3% Italian 2%
• Foreign-born: 19% · China, South Korea, Canada
• Languages at home: 79% English-only · Other Asian/Pacific 7% Other Indo-European 4% Chinese 3%

Political lean MEDSL · St. Louis

• 2024 margin: Strong D (+23.4) · D 60.8% · R 37.4% · Other 1.7%
• 2008→2024 swing: +3.5pp toward D · 2008: 19.9pp · 2024: 23.4pp
• All cycles: 2024: D+23.4 2020: D+24.0 2016: D+16.2 2012: D+13.7 2008: D+19.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 33.10%
• Current HPI: 711.49
• Rent YoY: ▼ -2.96%
• Metro: St. Louis, MO-IL
• State GDP YoY: ▲ 1.84%
• F500 in state: 20

Industry mix (Fortune 500 HQ in MO)

Industry	F500 HQs	Revenue
▸Healthcare	1	$163B
▸Insurance	1	$21B
▸Industrial Technology	1	$17B
▸Retail	1	$16B
▸Industrial Distribution	1	$10B
▸Utilities	1	$9B

Price history

+335.0% since first listed

15 events — show timeline

• 2026-05-20 Relisted — MARIS as Distributed by MLS Grid
• 2026-04-28 Pending — MARIS as Distributed by MLS Grid
• 2026-04-22 Listed $348,000 MARIS as Distributed by MLS Grid
• 2026-04-20 Coming Soon $348,000 MARIS as Distributed by MLS Grid
• 2016-06-29 Sold (Public Records) $203,000 Public Records
• 2016-06-27 Sold (MLS) — MARIS as Distributed by MLS Grid
• 2016-06-22 Pending — MARIS as Distributed by MLS Grid
• 2016-03-07 Delisted — MARIS as Distributed by MLS Grid
• 2016-03-07 Contingent — MARIS as Distributed by MLS Grid
• 2016-03-04 Listed $194,900 MARIS as Distributed by MLS Grid
• 2010-06-09 Sold (Public Records) $181,000 Public Records
• 1998-05-20 Sold (Public Records) $137,000 Public Records
• 1991-05-01 Sold (Public Records) $96,500 Public Records
• 1990-12-01 Sold (Public Records) — Public Records
• 1986-12-01 Sold (Public Records) $80,000 Public Records

Property tax history

+2.8%/yr

Latest (2022): $3,210 · +0.7% YoY. Source: county tax records.