3372 Fourth St · St. Augustine Shores, FL 32033

$239,000

3 bd · 2.0 ba · 1,192 sqft · SingleFamily public records · 246 Days on market

Built 2006 4,791 sqft lot $201/sqft · 9% below area Est $263k · 9% under

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Why this score? — see what drove the B- 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 +22.6/30.0
• ARV discount +11.6/15.0
• DSCR +7.3/10.0
• Appreciation +6.4/10.0
• Schools +6.4/10.0
• 1% rule +5.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

Welcome to 3372 Fourth Street — a charming 3-bedroom, 2-bath home offering 1,192 square feet of comfortable living in the heart of Elkton. This inviting property features beautiful hardwood floors that add warmth and character throughout, creating a cozy and welcoming atmosphere. The thoughtfully designed layout provides both functionality and comfort, with a bright living area that flows easily into the kitchen and dining spaces—perfect for everyday living or entertaining.

Key facts

• Bright living area
• No hoa
• Hardwood floors

Tags

• HARDWOOD FLOORS
• NO HOA
• BRIGHT LIVING AREA
• SHORT DRIVE TO ST AUGUSTINE
• LOCAL CONVENIENCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $239k.

Deal economics

• At list price, monthly cash flow is $407 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $239k).
• Recommended offer: $210k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.3% vs local median 3.4% in St. Augustine Shores — 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 B — affects rentability + tenant quality, not the cash-flow math above.
• St. Johns (rural): math 75% / reading 73% proficiency, ranked #2 of 73 in FL (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 43 active listings in the ZIP; 5,575 units permitted in St. Johns County in 2024 (584 in 5+ unit buildings).

Forward outlook

• In year one you build about $9k of equity ($2k loan paydown + $7k appreciation (2.9% local appreciation)).
• St. Johns County population projected at +60% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (2.9% appreciation + 3.0% rent growth), your $67k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 5, paydown + projected appreciation supports a ~$37k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 246 days — a 12% lower offer ($210k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 6y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $161k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; major wildfire risk; extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $210,320 (12.0% below list)

Questions for the listing agent

1. It's been on market 246 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 1.02% ✓
• Cap rate: 8.34%
• Cash-on-cash: 7.31%
• DSCR: 1.33
• GRM: 8.2

CMA / ARV

• ARV (median comp): $262,985
• List price: $239,000
• Delta: -9.12%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3373 4th St	0.03mi	3/2.0	1,112 (-7%)	6mo	$239,900	$216	83
3332 3rd St	0.11mi	3/2.0	1,192 (0%)	17mo	$250,000	$210	80
4124 Vermont Blvd	0.08mi	3/2.0	1,118 (-6%)	14mo	$259,000	$232	74
3416 6th St	0.14mi	3/2.0	1,116 (-6%)	11mo	$265,000	$237	74
4125 Vermont Blvd	0.12mi	3/2.0	1,116 (-6%)	12mo	$255,000	$228	73
3373 7th St	0.16mi	3/2.0	1,171 (-2%)	23mo	$289,900	$248	70
3367 7th St	0.16mi	3/2.0	1,171 (-2%)	23mo	$289,900	$248	70
3367 7th St	0.17mi	3/2.0	1,171 (-2%)	23mo	$289,900	$248	70
3377 7th St	0.16mi	3/2.0	1,171 (-2%)	23mo	$280,000	$239	70
3357 Seventh St	0.17mi	3/2.0	1,247 (+5%)	19mo	$285,000	$229	69
3372 9th St	0.23mi	3/2.0	1,116 (-6%)	12mo	$211,000	$189	68
4245 New Hampshire Rd	0.36mi	3/2.0	1,069 (-10%)	10mo	$255,000	$239	58

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

Projected returns pro-forma

2.87% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.0%
• Equity multiple: 1.79×
• Total profit: $53,029
• Equity at exit: $105,693

10-year hold

• IRR: 15.9%
• Equity multiple: 3.31×
• Total profit: $154,457
• Equity at exit: $161,520

Cash invested: $66,920 (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 32033

• Home prices YoY: 1.0%
• Active inventory: 43
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $2,431 medium
• Mortgage (P&I): −$1,253
• Tax from tax record: −$160 /mo · $1,918/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $407

Break-even live

Break-even rent $1,915

Max offer price $239,000

Occupancy floor 78%

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: $59,750
• Closing costs: $7,170
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $239,000 Active 246 DOM
2. 2026-06-17
   days on market $239,000 Active 245 DOM
3. 2026-06-16
   days on market $239,000 Active 244 DOM
4. 2026-06-15
   days on market $239,000 Active 243 DOM
5. 2026-06-13
   days on market $239,000 Active 241 DOM
6. 2026-06-13
   pricedays on market $239,000 Active 240 DOM
7. 2026-06-10
   days on market $249,000 Active 237 DOM
8. 2026-06-08
   days on market $249,000 Active 236 DOM
9. 2026-06-07
   days on market $249,000 Active 235 DOM
10. 2026-06-03
    days on market $249,000 Active 231 DOM
11. 2026-06-02
    days on market $249,000 Active 230 DOM
12. 2026-06-01
    days on market $249,000 Active 229 DOM
13. 2026-05-31
    days on market $249,000 Active 228 DOM
14. 2026-04-13
    status Active 490-char remark

    Show marketing remark (490 chars)

    Welcome to 3372 Fourth Street — a charming 3-bedroom, 2-bath home offering 1,192 square feet of comfortable living in the heart of Elkton. This inviting property features beautiful hardwood floors that add warmth and character throughout, creating a cozy and welcoming atmosphere. The thoughtfully designed layout provides both functionality and comfort, with a bright living area that flows easily into the kitchen and dining spaces—perfect for everyday living or entertaining.

15. 2026-03-16
    historical Contingent- Accepting Backups 490-char remark

    Show marketing remark (490 chars)

    Welcome to 3372 Fourth Street — a charming 3-bedroom, 2-bath home offering 1,192 square feet of comfortable living in the heart of Elkton. This inviting property features beautiful hardwood floors that add warmth and character throughout, creating a cozy and welcoming atmosphere. The thoughtfully designed layout provides both functionality and comfort, with a bright living area that flows easily into the kitchen and dining spaces—perfect for everyday living or entertaining.

16. 2025-11-22
    price $249,000 490-char remark

    Show marketing remark (490 chars)

    Welcome to 3372 Fourth Street — a charming 3-bedroom, 2-bath home offering 1,192 square feet of comfortable living in the heart of Elkton. This inviting property features beautiful hardwood floors that add warmth and character throughout, creating a cozy and welcoming atmosphere. The thoughtfully designed layout provides both functionality and comfort, with a bright living area that flows easily into the kitchen and dining spaces—perfect for everyday living or entertaining.

17. 2025-10-15
    listed $259,000 Active 490-char remark

    Show marketing remark (490 chars)

    Welcome to 3372 Fourth Street — a charming 3-bedroom, 2-bath home offering 1,192 square feet of comfortable living in the heart of Elkton. This inviting property features beautiful hardwood floors that add warmth and character throughout, creating a cozy and welcoming atmosphere. The thoughtfully designed layout provides both functionality and comfort, with a bright living area that flows easily into the kitchen and dining spaces—perfect for everyday living or entertaining.

18. 2020-06-16
    soldstatus $161,000
19. 2020-06-15
    soldstatus $161,000 Closed 491-char remark

    Show marketing remark (491 chars)

    Perfect Starter Home! Or Downsize In A Country-like Setting. This Well Maintained 2 BR/2 BA+Office/3rd BR Home Offers Easy I-95 Access And Highly Rated St Johns County School System. Kitchen Bar Opens To Living Room And Dining Room. Split Floor-plan. Large Owner’s Suite With Walk-in Closet And En Suite Master Bath. Inside Laundry Room. NO HOA! Vermont Heights Neighborhood Park Is Just A Few Blocks Away With Playground And Basketball Court. Minutes to The Beach For Fun In The Sun!

20. 2020-05-06
    historical Contingent- Accepting Backups 491-char remark

    Show marketing remark (491 chars)

    Perfect Starter Home! Or Downsize In A Country-like Setting. This Well Maintained 2 BR/2 BA+Office/3rd BR Home Offers Easy I-95 Access And Highly Rated St Johns County School System. Kitchen Bar Opens To Living Room And Dining Room. Split Floor-plan. Large Owner’s Suite With Walk-in Closet And En Suite Master Bath. Inside Laundry Room. NO HOA! Vermont Heights Neighborhood Park Is Just A Few Blocks Away With Playground And Basketball Court. Minutes to The Beach For Fun In The Sun!

21. 2020-05-04
    listed $153,900 Active 491-char remark

    Show marketing remark (491 chars)

    Perfect Starter Home! Or Downsize In A Country-like Setting. This Well Maintained 2 BR/2 BA+Office/3rd BR Home Offers Easy I-95 Access And Highly Rated St Johns County School System. Kitchen Bar Opens To Living Room And Dining Room. Split Floor-plan. Large Owner’s Suite With Walk-in Closet And En Suite Master Bath. Inside Laundry Room. NO HOA! Vermont Heights Neighborhood Park Is Just A Few Blocks Away With Playground And Basketball Court. Minutes to The Beach For Fun In The Sun!

ⓘ 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: $1,918 · $160/mo
• Projected year-2 tax: $1,984 · $165/mo
• Expected delta: +$66/yr (+$5/mo · 3.4%)

ⓘ 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 7/10 Severe
• 🌡 Heat 9/10 Extreme 7 d/yr ≥107°F today · 20 d/yr by 30 yrs out
• 💨 Wind 9/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,168
• − Mortgage interest: −$13,388
• − Property taxes: −$1,918
• − Insurance: −$1,195
• − Repairs & maintenance: −$2,333
• − Management: −$2,333
• − Depreciation: −$6,953
• Taxable income: $1,048
• Est. tax owed @ 24.0%: −$251
• After-tax cash flow: $4,638/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: St. Johns
• NCES district ID: 1201740
• Math proficiency: 75% ▼ -5.00%
• Reading proficiency: 73% ▼ -2.00%
• Median HH income: $66,842
• Composite: 64.31/100
• National rank: #556
• State rank: #2 of 73 in FL

Livability — St. Augustine Shores

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

Census & demographics

• Population (ZIP): 4,555

Population outlook (St. Johns County) Hauer SSP2

• Today (2025): 303,941 people
• By 2030: 342,590 · +12.7%
• By 2040: 417,328 · +37.3%
• By 2050: 487,011 · +60.2%
• By 2075: 635,395 · +109.1%
• By 2100: 717,469 · +136.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 10% Two or more races 9% Black 4% Asian 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Lithuanian 4% Romanian 3% Italian 2%
• Foreign-born: 6% · Canada, Jamaica
• Languages at home: 95% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · St. Johns

• 2024 margin: Solid R (+31.4) · D 33.9% · R 65.2%
• 2008→2024 swing: +0.2pp no change · 2008: -31.6pp · 2024: -31.4pp
• All cycles: 2024: R+31.4 2020: R+26.7 2016: R+33.4 2012: R+37.8 2008: R+31.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.87%
• Current HPI: 297.5438
• Rent YoY: —
• Metro: —
• 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

+61.8% since first listed

8 events — show timeline

• 2026-04-13 Relisted — St. Augustine and St. Johns County Board of REALTORS®
• 2026-03-16 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2025-11-22 Price Changed $249,000 St. Augustine and St. Johns County Board of REALTORS®
• 2025-10-15 Listed $259,000 St. Augustine and St. Johns County Board of REALTORS®
• 2020-06-16 Sold (Public Records) $161,000 Public Records
• 2020-06-15 Sold (MLS) $161,000 St. Augustine and St. Johns County Board of REALTORS®
• 2020-05-06 Contingent — St. Augustine and St. Johns County Board of REALTORS®
• 2020-05-04 Listed $153,900 St. Augustine and St. Johns County Board of REALTORS®

Property tax history

+3.2%/yr

Latest (2025): $1,918 · +15.2% YoY. Source: county tax records.