4521 Oleander Way
Largo, FL 33771
Largo, FL 33771
$342,000List Price
MLS# U8429311
Report Generated
Today
Parcel ID
23-30-15-62158-001-0040
Land Use
Single Family
HouseFax Score: 74/100
Good — minor concerns worth noting
Show breakdown ▼
Warranty deed chain. One quitclaim deed flagged but explainable.
4 permits — 3 closed, 1 open bathroom permit from 2020.
Market value 38% above last sale. Assessed below market.
Low violent crime. Moderate property crime in ZIP 33771.
Zone X — minimal flood risk. Wind exposure: moderate.
Charming 3-bed/2-bath single family home in the Oleander Estates subdivision. Updated kitchen with stainless appliances, screened lanai, and a fenced backyard with mature landscaping. Roof replaced in 2023; HVAC in 2021. Walking distance to Highland Park. No flood zone (Zone X). Minutes from Clearwater Beach and Largo Mall.
Bedrooms
3
Bathrooms
2
Sq Ft
1,842
Year Built
1994
Stories
1
Lot Size (sqft)
7,200
Zoning
R-3
Property Type
Single Family
Garage
2-car attached
Subdivision
Oleander Estates
Property Use
Residential
Evac Zone
E
Waterfront
No
Tax District
Largo
Homestead Cap
Yes
Assessed Value
$241,300
Just / Market Value
$342,000
Last Sale
$247,500
Mar 2019
Tax (No Exemptions)
$3,412
Max Units (This Lot)
2
Max Height
35 ft
Max Buildable Area
3,600 sqft
Max FAR
0.5
Allowed Uses
Restrictions
Investor Insight
R-3 zoning permits adding a duplex unit or detached ADU on this lot. Strong rental demand near Clearwater Beach makes a 2-unit configuration financially attractive. Verify setbacks with Largo Planning before design.
| Bldg | Type | Year | Gross Sqft | Heated Sqft | Quality |
|---|---|---|---|---|---|
| 1 | Single Family | 1994 | 2,310 | 1,842 | Average |
NEEDS REVIEW
A quitclaim deed was recorded in 2017 between the previous owners. Quitclaim deeds carry no title warranty and may indicate estate planning, divorce, or unreported issues. A full title search and title insurance are strongly recommended.
Open Mortgages
0
Open Liens
1
Total Documents
7
Smith, David R & Linda K Smith → Johnson, Michael R & Sarah L Johnson
OR BK 20451 PG 0823
Smith, David R → Smith, David R & Linda K Smith
OR BK 19842 PG 1156
Likely spousal interest transfer — $0 consideration. No warranty of title.
Garcia, Maria L → Smith, David R
OR BK 17283 PG 0441
Oleander Estates HOA → Johnson, Michael R
OR BK 22104 PG 1987
$1,240 outstanding — unpaid HOA assessments. Must be resolved before closing.
Deed records sourced from Pinellas County Property Appraiser official records.
3 sales on record
CLEAN DEED CHAIN 3 deed records analyzed
Smith, David R & Linda K Smith → Johnson, Michael R & Sarah L Johnson
OR BK 20451 PG 0823
Garcia, Maria L → Smith, David R
OR BK 17283 PG 0441
First Home Builders LLC → Garcia, Maria L
OR BK 14521 PG 0228
Property has traded 3 times since 2004. Average hold period: 7.5 years. Total appreciation since original sale: +140%.
Roof Replacement - Asphalt Shingle
2023 · BLD-2023-08712
HVAC System Replacement - 3-Ton
2021 · MEC-2021-14331
Bathroom Remodel - Master
2020 · BLD-2020-05641
Electrical Panel Upgrade - 200A
2019 · ELC-2019-11023
Open Permit Warning: Bathroom remodel permit (BLD-2020-05641) from 2020 has no recorded final inspection. Buyer should request proof of final sign-off or negotiate a credit.
Total permit value: $32,700 — evidence of active maintenance and investment.
Storm Damage — Repaired & Inspected
2 hurricane-related permits found from 2022 (Ian). All repairs were inspected and signed off by Largo Building.
Roof Repair — Wind Damage Ian
Issued: 2022-10-14 → 2023-01-22
BLD-2022-19874
Soffit / Fascia Replacement
Issued: 2022-11-02 → 2023-02-18
BLD-2022-20133
List Price
$342,000
Asking
County Just Value
$310,500
9% below list
Last Sale Price
$247,500
28% below list
Zestimate
$348,200
2% above list
List price is well-aligned with Zestimate and 10% above the county's assessed value — typical for a Pinellas property of this vintage. Limited room for negotiation on price alone.
5-year just value trajectory (Pinellas County Property Appraiser)
Property has appreciated +44.4% over 5 years — outpacing Pinellas County's 31% median appreciation in the same period.
Est. Nightly Rate
$148
avg/night
Annual Revenue
$35,100
at 65% occupancy
Net Income / Year
$22,400
after expenses
Est. Monthly Rent
$2,150
Annual Revenue
$25,800
Net Annual Income
$16,200
Cap Rate
4.7%
Cash-on-Cash (20% down)
6.2%
Based on comparable 3/2 rentals in the 33771 ZIP. Largo's rental vacancy rate is approximately 4.2%, indicating strong demand for long-term residential leases.
Purchase Price
$247,500
Mar 2019
Current Market Value
$342,000
Equity Position
$142,000
Est. Monthly Payment
$1,480
Est. Remaining Balance
$200,000
Buyout Score
72/100
Median comp price: $342,000 | Avg $/sqft: $185.50 | Subject property estimated value is in line with comps.
Flood Zone
X (Minimal)
Hurricane Wind
Moderate
Storm Surge
Zone C
Sinkhole
Low
Evacuation Zone
Zone E
Non-mandatory evac
Heat Risk
Moderate
Overall Climate Score
62/100
FEMA Designation
Non-SFHA
Property is outside the FEMA 100-year floodplain (Zone X) — flood insurance is optional but recommended given Florida's climate trajectory. Wind exposure is moderate; CBS construction provides some resilience. Located in Zone E evacuation area — historically non-mandatory for Category 1–3 storms.
Included Appliances
HOA Amenities
| Year | Tax Amount | Taxable Assessment |
|---|---|---|
| 2024 | $3,142 | $216,300 |
| 2023 | $2,987 | $203,900 |
| 2022 | $2,815 | $190,400 |
| 2021 | $2,640 | $173,700 |
| 2020 | $2,480 | $158,200 |
Homestead exemption applied. Taxes subject to reset upon sale — new owner should budget for full market assessment.
Ratings from GreatSchools (1–10 scale)
Scores provided by Walk Score®
Violent Crime
Low
Property Crime
Moderate
Safety Score
7.4/10
Trend: Decreasing ↓ — Incidents in ZIP 33771 are down 8.3% compared to same period last year. The area shows improving safety metrics year-over-year.
41 days — above area median of 26 days
1 reduction of $7,000 since original list price
Bathroom remodel permit has no final inspection — negotiation leverage
Slightly buyer-leaning market in this ZIP
$1,240 outstanding lien must be cleared at closing
Listed near comp median — less room but some flex
Negotiation Summary: Strong negotiation position. The open bathroom permit, outstanding HOA lien, and 41 DOM provide combined leverage for a $15,000–$22,000 price reduction or equivalent seller concessions. Request permit resolution or adjust offer accordingly.
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