Score
0Saint Petersburg, FL
325 22nd Ave NE
2.2M
4 beds
4 baths
3,163 sqft
4 bd • 4 ba • 3,163 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$2,185,000
Price/Sq.Ft
$691
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 325 22nd Ave NE, Saint Petersburg, FL 33704 boasts several impressive features. At 3,163 sqft, it's 49% larger than the average 4-bedroom home in the area (2,123 sqft). The property includes a private pool, a significant value-add in Florida's climate. The modern, open-concept design with large sliding doors creates a seamless indoor-outdoor living experience, highly desirable in the St. Petersburg market. The property's location in the desirable Northeast Park neighborhood puts it within easy reach of downtown amenities and beaches. The stylish interior finishes, including woven pendant lights and contemporary furniture, suggest recent updates or renovations, potentially saving new owners on immediate upgrade costs. The outdoor bar area with seating enhances entertainment potential, a feature that typically adds 5-10% to property value in this market.
The Bad
At $690.80 per square foot, this property is priced 30% above the average for St. Petersburg ($531/sqft), which may limit the buyer pool. The lack of detailed information about the year built raises concerns about potential hidden maintenance issues or outdated systems. The property's proximity to water (being in St. Petersburg) suggests a potential flood risk, which could lead to high insurance premiums. The open concept, while appealing to many, may not suit buyers seeking more defined living spaces. The pool, while an asset, also represents ongoing maintenance costs (typically $1,200-$1,800 annually in Florida) and potential liability.
The Ugly
The property's high price point of $2,185,000 puts it out of reach for most local buyers, given the median income of $89,120 in St. Petersburg. This limits the potential resale market and could lead to longer selling times in the future. If the property is older (which we can't confirm without the year built), it may face significant upcoming maintenance costs, especially considering Florida's harsh climate on building materials. The potential for hurricane damage is a serious concern, with replacement of impact windows potentially costing $30,000-$50,000 for a home this size. If flood insurance is required, it could add $5,000-$10,000 annually to ownership costs. The current housing market volatility in Florida, coupled with rising insurance rates, presents a risk of market value fluctuations.
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
This property is best suited for high-net-worth individuals or families with annual incomes exceeding $500,000, based on traditional mortgage qualification standards. It's ideal for those seeking a luxury second home or vacation property in Florida, particularly those who value modern design and outdoor living. The property would appeal to entertainers or those who frequently host guests, given the seamless indoor-outdoor flow and pool area. It may also attract remote workers or semi-retired professionals who can take advantage of Florida's tax benefits while enjoying a high-end lifestyle. Buyers should be comfortable with the potential for high insurance and maintenance costs associated with Florida coastal properties.
Not For
This property is not suitable for first-time homebuyers or those relying on traditional financing, given its high price point. It's not ideal for buyers seeking a low-maintenance property, as the pool and potential flood risks require ongoing attention and cost. Families needing more than 4 bedrooms or preferring traditional, closed floor plans should look elsewhere. Investors seeking immediate high rental yields may find better opportunities, as the high purchase price may not align with local rental rates ($2,603/month for 4-bedroom homes) for optimal returns. Those with low risk tolerance for natural disasters or insurance premium hikes should consider inland properties instead.
Demographics
Area Median Income
$89,120
Property History
Price History
Ownership Timeline
$310,000Financed
Dec 6, 2018Robert C Ritchie, Donna R RitchieMartin Hoeedholt, Sera Lavelle
Special Warranty Deed
Standard Sale (Purchase/Resales)
$329,000Cash Purchase
Feb 24, 2016Silverback Ventures LlcRobert C Ritchie, Donna R Ritchie
Warranty Deed
Standard Sale (Purchase/Resales)
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
4.5/10
AverageMiddle
3.0/10
Below AverageHigh
5.5/10
AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,291
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$2,185,000
Price/sqft
$691
Layout
4 bd•4 ba
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$1,596,875
36.8%
Your price is 36.8% above average
Median Price
$1,650,000
32.4%
Based on 6 recent sales
Price per Sq.Ft
$551
25.4%
Your price is 25.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1001 BAY STREET NE, SAINT PETERSBURG, FL 33701 | $2,090,000 | 2,969 | 4 | 4 | $7041.9% | 11/21/2024 |
| 142 BAY POINT DRIVE NE, SAINT PETERSBURG, FL 33704 | $1,100,000 | 2,999 | 3 | 4 | $36746.9% | 11/2/2024 |
| 646 17TH AVE NE, SAINT PETERSBURG, FL 33704 | $1,775,000 | 2,770 | 4 | 4 | $6417.2% | 11/21/2024 |
| 1100 BEACH DRIVE NE, ST PETERSBURG, FL 33701 | $1,366,250 | 3,336 | 4 | 4 | $41040.7% | 8/21/2024 |
| 120 32ND AVENUE N, ST PETERSBURG, FL 33701 | $1,600,000 | 3,004 | 4 | 4 | $53322.9% | 8/17/2024 |
| 235 12TH AVENUE N, SAINT PETERSBURG, FL 33701 | $1,650,000 | 2,531 | 4 | 4 | $6525.6% | 9/30/2024 |
1001 BAY STREET NE, SAINT PETERSBURG, FL 33701
Price: $2,090,000
Sq.Ft: 2,969
Beds/Baths: 4/4
$/Sq.Ft:
$7041.9%
Sale Date: 11/21/2024
142 BAY POINT DRIVE NE, SAINT PETERSBURG, FL 33704
Price: $1,100,000
Sq.Ft: 2,999
Beds/Baths: 3/4
$/Sq.Ft:
$36746.9%
Sale Date: 11/2/2024
646 17TH AVE NE, SAINT PETERSBURG, FL 33704
Price: $1,775,000
Sq.Ft: 2,770
Beds/Baths: 4/4
$/Sq.Ft:
$6417.2%
Sale Date: 11/21/2024
1100 BEACH DRIVE NE, ST PETERSBURG, FL 33701
Price: $1,366,250
Sq.Ft: 3,336
Beds/Baths: 4/4
$/Sq.Ft:
$41040.7%
Sale Date: 8/21/2024
120 32ND AVENUE N, ST PETERSBURG, FL 33701
Price: $1,600,000
Sq.Ft: 3,004
Beds/Baths: 4/4
$/Sq.Ft:
$53322.9%
Sale Date: 8/17/2024
235 12TH AVENUE N, SAINT PETERSBURG, FL 33701
Price: $1,650,000
Sq.Ft: 2,531
Beds/Baths: 4/4
$/Sq.Ft:
$6525.6%
Sale Date: 9/30/2024
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