3172 71st Ave N, Saint Petersburg, FL 33702

Affordable Charm in Saint Petersburg: Your Opportunity in a Buyer’s Market!

Discover this delightful 2-bedroom, 1-bathroom single-family home located at 3172 71st Ave N in the desirable 33702 zip code of Saint Petersburg, FL. Built in 1950, this charming residence offers a comfortable 1,099 sqft of living space, presenting an exceptional opportunity for first-time homebuyers, downsizers, or investors seeking an entry point into the vibrant Saint Petersburg market.

This property is a fantastic find, especially given its attractive price point and the current market conditions. It offers a solid foundation for those looking to add their personal touch and build equity. With its classic appeal and efficient layout, it’s ready for its next chapter.

Property Highlights:

• 2 Bedrooms / 1 Bathroom: A practical layout ideal for comfortable living.
• 1,099 sqft: Thoughtfully designed interior space.
• Built in 1950: A well-established home with vintage charm and potential for modern upgrades.
• Estimated Refinance Payment: $1,336/mo: Highlighting potential financing accessibility.
• Priced at $164,900: This is an exceptionally competitive price, positioning the property significantly below the median values for 2-bedroom homes in Saint Petersburg and specifically in the 33702 zip code.

Saint Petersburg (33702) Market Insights (as of May 2025 data):

The Saint Petersburg housing market, and specifically the 33702 zip code, is firmly a Buyer’s Market. This means there’s more supply than demand, creating a favorable environment for purchasers.

• Median Sold Price (33702 Overall): The median sold price for all homes in 33702 was $299,000 to $310,000 in May 2025. This property’s price of $164,900 is dramatically lower than this overall median, showcasing remarkable affordability.
• Median Sold Price (2-Bedroom Homes in 33702): The median price for 2-bedroom homes in the 33702 zip code was $207,900 in May 2025, which represents a 15.1% decrease year-over-year. This property is priced well below this segment’s median, offering excellent value. For the broader Saint Petersburg market, the median 2-bedroom home price was $346,800.
• Days on Market: Homes in 33702 are selling after an average of 71 days on the market in May 2025 (according to Realtor.com) or 46 days (according to Redfin). This longer time on market (compared to past years) provides buyers with more time to conduct due diligence and make decisions.
• Negotiation Leverage: Homes in 33702 sold for an average of 5.4% below asking price in May 2025 (Realtor.com), and 82.5% of homes sold below asking price (Rocket Mortgage). This indicates strong negotiation leverage for buyers.
• Inventory: There are over 400 homes for sale in 33702, with 2-bedroom home inventory increasing by 6.9% month-over-month, providing buyers with ample choice.
• Environmental Risk Factors (Important for Buyers): It’s crucial for buyers to be aware that 33702 has an Extreme Flood Factor (97% of properties at risk), Extreme Wind Factor (100% of properties at risk from severe wind events, primarily hurricanes), and Extreme Heat Factor (100% of properties at risk from increasing “feels like” temperatures) over the next 30 years. A moderate wildfire risk also exists. Buyers should consult specific flood maps and secure appropriate insurance.

This property at 3172 71st Ave N is an exceptional find for anyone looking for an affordable pathway to homeownership in a thriving Saint Petersburg community. Its attractive price point, coupled with the current buyer-friendly market conditions, makes it a prime candidate for immediate equity growth and personalization.

Don’t miss this incredible opportunity to own a piece of Saint Petersburg! Contact us today to schedule a private showing and explore your financing options.