Terrace Park Sub Unit No 3
Homes for Sale in Tampa, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Price here is driven by condition and lot, not by any single product type. With a building span running from 1923 to 2020 and a median build year of 1976, you are shopping a genuine mix — early-century bungalows, mid-century stock, and scattered newer construction — so two homes a block apart can price very differently based on renovation status and how much of the original structure remains.
The median home sits around 1,497 square feet, which tells you this is a modest-footprint neighborhood where updated interiors and usable outdoor space carry disproportionate weight. Buyers should underwrite each property on its own merits rather than a neighborhood comp shortcut; sellers with a genuinely renovated home should not let an unimproved neighbor set their expectation.
Terrace Park Sub Unit No 3 right now
🟡 Still climbing. The trailing-12-month median ($365K) is up 3.0% from the prior 12 months ($354K) and up 359% since 2012. With about a dozen sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Stellar MLS closed sales, 12-month windows ending July 15. Confidence: Medium (13 and 6 sales in the two windows).
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Updated July 15, 2026 · Live data: Stellar MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Terrace Park Sub Unit No 3 market snapshot (as of July 15, 2026): the median sale price is about $365K ($229 per sq ft over the trailing 12 months of closed sales), and a median 22 days on market for closed sales. The trailing-12-month median is up 3% from the prior 12 months and up 359% since 2012, computed from record-level Stellar MLS closed sales (13 closings in the current window).
Terrace Park Sub Unit No 3 is a community of 1,335 homes in Tampa, Hillsborough County, built between 1923 and 2024 (median 1977.0), with a median living area of about 1,520 square feet. 62% of parcels are homesteaded, the owner-occupancy proxy in the Florida DOR assessment roll (2025 roll, public records).
Terrace Park Sub Unit No 3 is an established Tampa neighborhood of roughly 617 homes in Hillsborough County, spanning nearly a century of construction and weighted toward smaller, older housing stock with a substantial owner-occupied share.
Who Terrace Park Sub Unit No 3 is best for.
Best for
- Buyers seeking a foothold in an established Tampa neighborhood who will inspect and price each home individually
- Renovation-minded buyers comfortable putting capital into an older structure
- Long-hold owner-occupants who value a stable, largely owner-occupied street over rapid turnover
Probably not for
- Buyers who require new-construction consistency and modern systems across the board
- Those needing significantly more than the roughly 1,497 sqft median without expanding or rebuilding
- Anyone on a tight budget with no cushion for post-purchase updates on older homes
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending July 15 of each year, from record-level Stellar MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($365K) IS the median in the snapshot above, and the move from 2025 ($354K) IS the +3.0% one-year change.
Windows contain 0 to 44 sales each (13 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on Stellar MLS data distributed by MLS GRID for the period %s through %s. Deemed reliable but not guaranteed.
The Terrace Park Sub Unit No 3 buying strategy.
If we were buying in Terrace Park Sub Unit No 3 today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Terrace Park Sub Unit No 3.
A long build span on small footprints
The defining feature is age diversity. A range from 1923 to 2020 means you will encounter original early-century houses, teardown-and-rebuild lots, and everything in between. That variety is an opportunity for buyers willing to renovate and a caution for anyone expecting uniform, move-in-ready inventory. Read the individual home, its systems, and its updates carefully — the median build year of 1976 signals that a meaningful portion of the stock predates modern construction standards.
About 62% of homes carry a homestead exemption, pointing to a neighborhood held largely by owner-occupants rather than dominated by turnover. Combined with a median living area near 1,497 square feet, the practical takeaway is that scale and layout are constrained; value tends to concentrate in condition, updates, and how well a given lot has been used.
The location and the amenities are priced into every listing in Terrace Park Sub Unit No 3. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Terrace Park Sub Unit No 3 buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (7.9). Basis: Long-Term Appreciation +359% since 2012; Recent Direction +3.0% year-over-year; Owner Commitment 62% owner-occupied; Pricing Power 97.7% sale-to-list. Refreshed with each data update.
Why work with Momentum here
In a neighborhood this varied, the comp math is the whole game. We price each home against its true peers — vintage, footprint, and level of renovation — rather than a blunt neighborhood average, and we help buyers separate a solid older structure from one that will absorb your budget after closing.
Terrace Park Sub Unit No 3 in 15 seconds.
HOA, CDD & Fees
- Mandatory HOA — confirm current dues
- Any club/amenity membership is billed separately
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Terrace Park Sub Unit No 3 buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Terrace Park Sub Unit No 3 sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Terrace Park Sub Unit No 3, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Terrace Park Sub Unit No 3 home worth?
Get a no-obligation home value based on real comparable sales in Terrace Park Sub Unit No 3, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
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Frequently Asked Questions
What is the median home price in Terrace Park Sub Unit No 3?
How long do homes in Terrace Park Sub Unit No 3 take to sell?
How many homes are in Terrace Park Sub Unit No 3?
What share of Terrace Park Sub Unit No 3 is owner-occupied?
When were the homes in Terrace Park Sub Unit No 3 built?
Do cash buyers compete in Terrace Park Sub Unit No 3?
Have Terrace Park Sub Unit No 3 home prices gone up?
Who is the best real estate agent for Terrace Park Sub Unit No 3?
How do I find a top Tampa real estate agent who knows Terrace Park Sub Unit No 3?
Can Momentum Realty connect me with an agent for Terrace Park Sub Unit No 3?
Should you buy in Terrace Park Sub Unit No 3?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Community market stats | Stellar MLS closed sales, 12-month windows ending July 15, 2026 |
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (24 streets, ZIP 33617)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2009 (215 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Stellar MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
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