Score
0Tampa, FL
10839 Venice Cir
395K
3 beds
2 baths
1,787 sqft
3 bd • 2 ba • 1,787 sf
This analysis was generated on 2/19/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$395,000
Price/Sq.Ft
$221
Year Built
1985
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Prime Location: The property is located in a desirable Tampa area, with easy access to Tampa International Airport, South Tampa, shopping, and dining. This makes it convenient for residents who value proximity to amenities and transportation.
• Water Views: The property offers stunning water views from the living room, dining room, and two back bedrooms, enhancing its appeal and potentially increasing its value. Waterfront properties in Tampa typically command a premium of 10-20% compared to similar properties without water views.
• Modern Features: The property features granite countertops, stainless steel appliances, and updated bathrooms, providing a modern and move-in-ready feel. These upgrades can attract buyers who are looking for a home that requires minimal renovations.
• Low HOA Fees and No CDD: The property has low HOA fees and no CDD fees, which can save homeowners money on monthly expenses. CDD fees in Tampa can range from $1,000 to $3,000 per year, so the absence of these fees is a significant advantage.
The Bad
• High Flood Risk: The property has an "EXTREME" flood risk score of 9/10 and is located in FEMA flood zone AE, indicating a high probability of flooding. This will result in significantly higher insurance costs. Average flood insurance premiums in Tampa can range from $800 to $3,000 per year, depending on the level of coverage.
• High Wind Risk: The property has an "EXTREME" wind risk score of 10/10, which is a major concern in Tampa due to hurricanes. This will also increase insurance premiums. Homes built before 2002 may not meet current wind mitigation standards, potentially increasing vulnerability to damage.
• Age of the Property: Built in 1985, the property is over 35 years old. Older homes often require more maintenance and repairs compared to newer construction. Potential buyers should factor in costs for potential upgrades to electrical, plumbing, and HVAC systems.
• Previous Price Reductions: The property has undergone multiple price reductions since June 2024, suggesting that it may be overpriced relative to the market. The initial listing price of $439,900 has been reduced to $395,000, a decrease of approximately 10.2%. This could indicate that the seller is struggling to find a buyer at the current price point.
The Ugly
• Potential for High Insurance Costs: Due to the extreme flood and wind risks, insurance costs for the property are likely to be significantly higher than average. This could impact affordability, especially for buyers on a tight budget. It is critical to get an accurate insurance quote before making an offer.
• Possible Hidden Maintenance Costs: Given the age of the property, there is a higher likelihood of encountering unexpected maintenance issues, such as roof repairs, plumbing problems, or electrical upgrades. A thorough inspection is essential to identify any potential problems.
• Risk of Water Damage: The property's location in a high-risk flood zone increases the likelihood of water damage from flooding events. This can lead to costly repairs, mold issues, and health concerns. Mitigation measures, such as elevating the property or installing flood barriers, may be necessary but can be expensive.
• Heat Risk: The Heat Risk is Extreme (10/10), with 7 hot days a year, with the 98th percentile temp at 106°F
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers Seeking a Move-In Ready Home in a Convenient Tampa Location: The property's proximity to Tampa International Airport and South Tampa makes it attractive for those who value easy access to amenities and transportation hubs.
• Individuals Appreciating Water Views and Outdoor Living: The property’s water views, courtyard, and fenced backyard provide opportunities for relaxation and outdoor enjoyment.
• Buyers Looking for a Home with Modern Features and Low HOA Fees: The updated kitchen with granite countertops and stainless steel appliances, combined with the absence of CDD fees and low HOA, can be financially appealing.
• Potential Renters: The property’s rental rate for a three-bedroom home in Tampa is $2640, making it a viable investment.
Not For
• Risk-Averse Buyers Concerned About Flood Risk: The property's extreme flood risk (9/10) may deter buyers who are uncomfortable with the potential for flooding and the associated insurance costs.
• Buyers Seeking a Newly Built Home: Built in 1985, the property may have outdated systems or require more maintenance compared to newer homes.
• Buyers Prioritizing Low Insurance Costs: Due to the flood and wind risks, insurance costs may be higher than average for the area.
Demographics
Area Median Income
$74,867
Property History
Price History
Ownership Timeline
$249,000Financed
Nov 30, 2018Garnett S Craig, Lori M PlummerDe Laria Woodruff Jr
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$3,357
2023 Tax Assessment
5.7%from previous year
Assessed Value$200,275
Tax Rate1.68%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
8.0/10
ExcellentHigh
5.0/10
AverageFinancials
Monthly Costs
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$395,000
Price/sqft
$221
Layout
3 bd•2 ba
Days on market
13 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$472,833
16.5%
Your price is 16.5% below average
Median Price
$510,000
22.5%
Based on 6 recent sales
Price per Sq.Ft
$273
19.0%
Your price is 19.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6612 SEAFAIRER DRIVE, TAMPA, FL 33615 | $420,000 | 1,724 | 3 | 2 | $24410.2% | 1/2/2025 |
| 11309 QUIET FOREST DRIVE, TAMPA, FL 33635 | $510,000 | 1,792 | 3 | 2 | $28528.8% | 11/14/2024 |
| 6806 PARADISE BAY WAY, TAMPA, FL 33615 | $455,000 | 1,724 | 3 | 2 | $26419.4% | 11/18/2024 |
| 6710 SEAFAIRER DRIVE, TAMPA, FL 33615 | $420,000 | 1,723 | 3 | 2 | $24410.3% | 11/8/2024 |
| 8003 WHITETAIL DEER WAY, TAMPA, FL 33635 | $522,000 | 1,863 | 4 | 2 | $28026.8% | 10/29/2024 |
| 10231 CHARLESTON CORNER ROAD, TAMPA, FL 33635 | $510,000 | 1,572 | 3 | 2 | $32446.8% | 11/7/2024 |
6612 SEAFAIRER DRIVE, TAMPA, FL 33615
Price: $420,000
Sq.Ft: 1,724
Beds/Baths: 3/2
$/Sq.Ft:
$24410.2%
Sale Date: 1/2/2025
11309 QUIET FOREST DRIVE, TAMPA, FL 33635
Price: $510,000
Sq.Ft: 1,792
Beds/Baths: 3/2
$/Sq.Ft:
$28528.8%
Sale Date: 11/14/2024
6806 PARADISE BAY WAY, TAMPA, FL 33615
Price: $455,000
Sq.Ft: 1,724
Beds/Baths: 3/2
$/Sq.Ft:
$26419.4%
Sale Date: 11/18/2024
6710 SEAFAIRER DRIVE, TAMPA, FL 33615
Price: $420,000
Sq.Ft: 1,723
Beds/Baths: 3/2
$/Sq.Ft:
$24410.3%
Sale Date: 11/8/2024
8003 WHITETAIL DEER WAY, TAMPA, FL 33635
Price: $522,000
Sq.Ft: 1,863
Beds/Baths: 4/2
$/Sq.Ft:
$28026.8%
Sale Date: 10/29/2024
10231 CHARLESTON CORNER ROAD, TAMPA, FL 33635
Price: $510,000
Sq.Ft: 1,572
Beds/Baths: 3/2
$/Sq.Ft:
$32446.8%
Sale Date: 11/7/2024
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