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Old 07-28-2016, 08:59 AM
 
Location: Flahrida
6,458 posts, read 4,963,348 times
Reputation: 7504

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I would say its a housing bubble. We were there last week and houses were selling like hotcakes for high prices. 2 sold while we were looking at them. Houses that were teardowns sold in 2 days for 650K with water views. We looked at 1 which was 2100 sq feet with a tiny master and tiny master closet but it was all fixed up and it sold for almost 600k. Taxes in Pinellas county are high. You have to keep in mind that there is a 3%/year cap on increases in property taxes so what the current resident is paying has no bearing whatsoever on what you will pay. They can double or triple or even more. We loved St Petersburg but with those sky high taxes we may not be able to afford to live there. Anything remotely affordable or a good deal is gone in a day or 2. If you want to move there you need to rent a place and be prepared to pounce as soon as your "dream house" comes along

When moving to the area you need to keep the following in mind:

1. Taxes: you can check on this very helpful website for what your bill will be Pinellas County Property Appraiser.
2. Flood insurance: depending on your elevation, which you need an elevation certificate for, you can pay anywhere from nothing to several thousand. Keep in mind that its capped at 250K for the structure so if its more than you are out of luck. Newer house are built higher by code and will have lower bills.
3. Hazard insurance: depending on the house construction and age of the building you rate will vary.
4. Sinkhole insurance: if there is any sinkhole activity nearby you may not be able to get insurance. If there is no activity you get "catastrophic loss coverage" which is mandated by law. It means if your house is rendered unlivable you can get reimbursed. You can also get sinkhole insurance which has a 10% deductible. This was explained to me that they did that because of many fraudulent claims that were the result of settling and not sinkholes.
5. Utilities. Electric bills will vary depending on the age of the structure, insulation, if windows are double pane and the age and efficiency of the AC unit. Expect to pay several hundred or more
6. Location: the hot areas are old northeast, anything that is one the deep water where you can have a boat, wide water views vs looking over a 20-30 foot canal. Downtown St Petersburg. The beach communities from St Pete to Clearwater.
7. Pinellas county is the most densely populated in Florida so there are no new communities of any size in the southern or mid county. Most of the new construction in up North 30 minutes or more from downtown.
8. Auto insurance is also high so get a quote.
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Old 07-28-2016, 10:36 AM
 
261 posts, read 261,917 times
Reputation: 194
Pinellas could be one of the worst places to buy a house in in the United States. Everything is high priced wise due to insurances, the area is full of tourist traps, its a concrete jungle with constant traffic headaches. There is also Some good high end neighborhoods that you pay a pretty buck for that are actually really close to the ghetto; The positives of pinellas there is a lot of medical centers and doctors because there is a lot of old people, There is some decent parks but idiots for some reason still run and bike on the dangerous busy streets and most of the county is pretty close to the beach but good luck to find parking after noon.

Last edited by paradiselost; 07-28-2016 at 10:52 AM..
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Old 07-28-2016, 10:50 AM
 
Location: Jupiter, FL
2,006 posts, read 3,328,583 times
Reputation: 2307
North Pinellas is reasonably priced and has good schools.
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Old 07-28-2016, 11:49 AM
 
1,748 posts, read 2,182,887 times
Reputation: 1092
Quote:
Originally Posted by paradiselost View Post
Pinellas could be one of the worst places to buy a house in in the United States. Everything is high priced wise due to insurances, the area is full of tourist traps, its a concrete jungle with constant traffic headaches. There is also Some good high end neighborhoods that you pay a pretty buck for that are actually really close to the ghetto; The positives of pinellas there is a lot of medical centers and doctors because there is a lot of old people, There is some decent parks but idiots for some reason still run and bike on the dangerous busy streets and most of the county is pretty close to the beach but good luck to find parking after noon.
Do you believe the stuff you're saying? You're constantly dissing a 50 mile long county with almost 1 million people. Pinellas is a large county, has almost everything for every taste. Reasonably priced housing and expensive. Good and less desirable areas as is the case in ALL US cities. Not everyone lives in the ghetto or the areas you constantly describe. Keep generalizing..
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Old 07-28-2016, 12:18 PM
 
Location: Tampa, Fl
4,091 posts, read 6,029,939 times
Reputation: 3415
Quote:
Originally Posted by Trigger-f View Post
Do you believe the stuff you're saying? You're constantly dissing a 50 mile long county with almost 1 million people. Pinellas is a large county, has almost everything for every taste. Reasonably priced housing and expensive. Good and less desirable areas as is the case in ALL US cities. Not everyone lives in the ghetto or the areas you constantly describe. Keep generalizing..
Don't feed the troll.
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Old 07-28-2016, 02:10 PM
 
Location: tampa bay
7,126 posts, read 8,672,979 times
Reputation: 11777
I'm really not sure why you think 650K should get you a spacious updated deep waterfront home? Waterfront is for the wealthy...God is not making anymore of it so it's supply and demand...
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Old 07-28-2016, 04:01 PM
 
Location: North of South, South of North
8,704 posts, read 10,931,713 times
Reputation: 5151
Quote:
Originally Posted by Irishiis49 View Post
I'm really not sure why you think 650K should get you a spacious updated deep waterfront home? Waterfront is for the wealthy...God is not making anymore of it so it's supply and demand...
^ This!

$650k won't even come close to getting a lake home in my neighborhood, never mind on the actual Gulf. Need over $1 million just for the lake.
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Old 07-28-2016, 04:46 PM
 
Location: Flahrida
6,458 posts, read 4,963,348 times
Reputation: 7504
Quote:
Originally Posted by Irishiis49 View Post
I'm really not sure why you think 650K should get you a spacious updated deep waterfront home? Waterfront is for the wealthy...God is not making anymore of it so it's supply and demand...
If you read my post I was commenting that a teardown with a wide water view sold for 650K. I was not saying that it was outrageous or excessive. It was what someone was willing to pay. After looking at houses for a few days we determined that a "proper" waterfront house with a wide water view would be a minimum of 850K. Prices are what they are. I made the original post to help people looking in the area who are not familiar with it.
I was not dissing the area. We loved St Petersburg and think its the nicest area in Florida to live. The downtown is delightful and the proximity to beaches, shopping and restaurants make it a must see destination. Obviously many others think so as well and the housing is priced accordingly.
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Old 07-31-2016, 03:44 AM
 
Location: St Pete
37 posts, read 77,417 times
Reputation: 69
Default da

Please don't tell of our little gem here in the 'Burg! We like to keep it our little secret & do not prefer any naysayer moving in & taking up valuable space in our great slice of paradise.
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Old 08-03-2016, 09:44 PM
 
240 posts, read 287,721 times
Reputation: 403
Quote:
Originally Posted by Trigger-f View Post
Do you believe the stuff you're saying? You're constantly dissing a 50 mile long county with almost 1 million people. Pinellas is a large county, has almost everything for every taste. Reasonably priced housing and expensive. Good and less desirable areas as is the case in ALL US cities. Not everyone lives in the ghetto or the areas you constantly describe. Keep generalizing..
Pinellas is 38 miles long and the most densely populated SMALL county in Florida.

Last edited by Sunscape; 08-04-2016 at 04:36 AM..
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