3008 N 23rd St, Tampa, FL 33605

Historic Charm Meets Modern Opportunity in Tampa’s Revitalizing 33605!

Step into a piece of Tampa’s history with this charming 3-bedroom, 2-bathroom single-family home located at 3008 N 23rd St in the evolving 33605 zip code. Built in 1923, this classic residence offers 940 sqft of living space on a 3,145 sqft lot, presenting a fantastic opportunity for those seeking an affordable entry into the vibrant Tampa market or a promising investment property.

This home blends historic character with modern functionality, featuring central cooling and an open kitchen concept to the dining and living rooms, perfect for entertaining. With its strategic location just minutes from downtown Tampa, Ybor City, and various entertainment hubs, this property offers incredible potential for both comfortable living and future appreciation.

Property Highlights:

• 3 Bedrooms / 2 Bathrooms: A practical layout offering comfort and privacy.
• 940 sqft: Efficiently designed living space, maximizing usability.
• Built in 1923: Embrace the character of a historic Tampa home with solid bones, ready for your personal updates and creative vision.
• Estimated Refinance Payment: $1,703/mo: Highlighting potential financing accessibility for this price point.
• Priced at $185,000: This is an exceptionally competitive price, positioning the property significantly below the median values for similar homes in the 33605 zip code and the broader Tampa market.

Tampa (33605) Market Insights (as of May 2025 data):

The 33605 zip code in Tampa is currently a Balanced Market, meaning that the supply and demand of homes are roughly equal. This indicates a more stable market where both buyers and sellers have opportunities.

• Median Sold Price (33605 Overall): The median sold price for all homes in 33605 was $272,500 in May 2025, while the median listing price was $329,900. This property’s price of $185,000 is considerably below both these medians, presenting an attractive investment.
• Median Sold Price (3-Bedroom Homes in Tampa): The median sold price for 3-bedroom homes across Tampa was $410,000 in May 2025. This home’s price is a significant discount compared to the overall 3-bedroom market, offering immense value.
• Days on Market: Homes in 33605 sold after an average of 67 days on the market in May 2025. This is a slight increase from last year, providing buyers with more time for due diligence.
• Negotiation Leverage: Homes in 33605 sold for an average of 1.92% below asking price in May 2025. Across Tampa, 58% of homes sold below asking price, indicating good negotiation leverage for buyers.
• Inventory: There are 230 homes for sale in 33605, with inventory for 3-bedroom homes increasing by 4.0% month-over-month in Tampa, providing good selection for buyers.

Location & Lifestyle:

3008 N 23rd St is strategically located, offering the best of Tampa living:

• Proximity to Urban Centers: Just minutes from Downtown Tampa, Water Works Park, Armature Works, Gasworx, Water Street, Channelside, and the vibrant Historic Ybor City, known for its entertainment, dining, and cultural attractions.
• Connectivity: Easy access to I-275 and I-4 for convenient commutes throughout the Tampa Bay area.
• Local Amenities: Steps away from Cuscaden Park, featuring a historic community pool and pickleball courts.
• No HOA or CDD fees: Enjoy the freedom and lower costs of homeownership without these additional fees.

Important Considerations for Buyers in Tampa, FL:

• Property Taxes (33605): The median effective property tax rate in 33605 is approximately 1.30%. For a $185,000 home, annual property taxes could be estimated around $2,405, though this can vary based on specific assessments and exemptions (e.g., homestead exemption). In 2023, the property taxes for 3008 N 23rd St were $629 on an assessment of $58,250.
• Home Insurance: Florida has some of the highest homeowners insurance premiums due to hurricane and flood risks. For Tampa, the average annual home insurance cost is around $2,700 to $5,337. Given the home’s age (1923), rates could be on the higher end of this spectrum. Buyers should obtain specific insurance quotes.
• Flood Risk: While specific flood zone data for 3008 N 23rd St was not explicitly detailed as high-risk, all buyers in Florida, especially in coastal cities like Tampa, should consult official FEMA flood maps (Find My FEMA Flood Zone for Hillsborough County) for the precise address and seriously consider obtaining flood insurance, as standard homeowners’ insurance does not cover flood damage. Hillsborough County has high-risk flood zones.
• Age of Home: Built in 1923, the home likely has some original systems. Buyers should plan for potential updates to plumbing, electrical, and HVAC, which can add significant value and efficiency.

This property at 3008 N 23rd St is a truly unique offering in the current Tampa market. Its attractive price point, coupled with its historic charm, prime location, and the robust demand for 3-bedroom homes, makes it an exceptional opportunity for both homeowners and investors looking to capitalize on the growth of this dynamic city.

Don’t miss this incredible chance to own a piece of Tampa’s heritage! Contact us today to schedule a private showing and explore your financing options.