15 Palms
at
4503 Dartmouth Ave N
St. Petersburg, FL
$385k Listing Price
$20k Instant Equity!
$160k below ARV ($545k)!!
Market Value & ARV
Appraised As-Is market value and ARV is $405k and $505k, respectively.
-- $505k Appraised ARV factors in potential market headwinds in Q3 and Q4 2022.
-- ARV is $545k based on Actual Sales (last 4mths, <1mi)
-- ARV is $633k based on Active Listings
-- St. Pete Market sales trend is 100-101% of asking price
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Appraisal, CMA, and Market Trend Data below.
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About: 15 Palms in Central Oak Park
VALUE SEEKERS!
Huge opportunity to transform a historic 2-story home into a masterpiece priced well below market value!
4503 Dartmouth is named 15 Palms for its abundance of natural palm trees!
A wonderful blank slate for a homeowner or investor to design their dream home or rental property!
Located in the heart of St. Pete along the path of progress in the city's Master Plan!!
Situated perfectly between the beaches (12min) and downtown (11min) along 5th Ave N for quick and easy access.
Big ticket items are complete: HVAC & Ductwork, Electrical, Plumbing, All Framing throughout the home, Drywall (Mudding & Texture), Subflooring overlay. Permits have been closed. Original garage is already removed for you! Opening up space in the backyard for a pool, entertainment space or new garage with plenty of room to build an ADU!
**Lights/Fans and Washer/Dryer are included**
**Floorplan & Work Completed in Attachment**
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**Interested in purchasing with Cryptocurrency?
Appraisal: May 2022
Comparable Properties - CMA
Comps for renovated homes in the neighborhood located <1mi away are listed in the price guide below.
The full CMA is attached with pictures and more details on each comparative property from the price guide.
Based on actual sales in the last 4mths, ARV is pricing at $332/sqft.
This brings 4503 Dartmouth's ARV to $544,480. The appraisal is a low ball estimate.
Active properties are listed even higher at $386/sqft, bringing ARV to $633,040.
Price Guide
CMA
Pinellas County Market Trends
The St. Pete market is selling at 100-101% of asking price.
Based on Pinellas county market trends, we see this holding true over the next few months due to low inventory (1 month of supply) and median price steadily increasing MoM and YoY across year-to-date by 3% and 26%, respectively.
Pinellas County Travel Trends
Not to mention, PIE (St. Pete Intl Airport) is experiencing record breaking passenger numbers flying to and from the area over the last 3mths. This is of course helpful if buyers plan to rent out to as a STR (chart below for 10yr trend)
