Wallace 1St Add
Homes for Sale in St Petersburg, FL
True comps, carrying-cost math, and listings before the portals.
Price here is driven by condition and lot, not by any tidy formula. With homes dating from 1916 through 2024 and a median build year of 1956, Wallace 1St Add is a genuine mix — early-century bungalows sitting near newer infill. That spread means two homes on the same block can be worth very different amounts depending on whether the systems and finishes have been brought current. The median living area sits around 1,265 square feet, so this is a market of modest, workable footprints rather than sprawling floor plans.
The closing window is thin, so read individual sales carefully rather than trusting a single average. What the numbers do tell you: with roughly 68 percent of homes carrying a homestead exemption, this is largely owner-occupied, which tends to keep resale inventory measured. Buyers should underwrite each property on its own merits — age, renovation status, and lot — and sellers should expect the market to reward homes that show honest, completed work.
Who Wallace 1St Add is best for.
Best for
- Buyers comfortable with an older home and budget set aside for updates
- Long-term owner-occupants who want a compact footprint in a close-in location
- Buyers who value neighborhood character over new-build uniformity
Probably not for
- Buyers needing large square footage or open, modern floor plans
- Anyone wanting a fully turnkey home with no renovation appetite
- Buyers who need a deep, active inventory to choose from quickly
The market around Wallace 1St Add
Wallace 1St Add is a small community — 6 recorded sales on file, most recently in 2026 — too few for its own price trend. Here is the market around it.
Across Pinellas County, 6,909 homes are active and 1,852 pending (21% under contract).
Homes here are single family residence.
ZIP and county figures describe the wider market, not Wallace 1St Add specifically. Momentum Research analysis of MLS records.
The Wallace 1St Add buying strategy.
If we were buying in Wallace 1St Add 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 Wallace 1St Add.
A wide-vintage pocket
The defining fact here is age range. A community that spans 1916 to 2024 does not behave like a subdivision built in one phase — you are shopping vintages as much as addresses. Some homes retain original character and will want updating; others have already been reworked or rebuilt entirely. That variety is the appeal for buyers who want an older home with room to improve, and the caution for anyone expecting uniform, move-in-ready stock.
Footprints run modest, with the median living area near 1,265 square feet. That suits buyers prioritizing location and a smaller, manageable home over size. The high homestead share points to steady owner-occupancy, which generally means listings are chosen rather than forced — another reason to evaluate each home individually instead of leaning on neighborhood-wide assumptions.
The location and the amenities are priced into every listing in Wallace 1St Add. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a pocket this varied, the average tells you almost nothing — the home in front of you tells you everything. We read each property against its vintage, its renovation history, and its lot, and we are candid when a listing is priced for finished work that hasn't been done. With a thin recent closing window, we lean on the fundamentals rather than a headline number, and we will tell you plainly when a home is or isn't worth the ask.
Wallace 1St Add 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 Wallace 1St Add 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 Wallace 1St Add sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Wallace 1St Add, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Wallace 1St Add home worth?
Get a no-obligation home value based on real comparable sales in Wallace 1St Add, 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
How many homes are in Wallace 1St Add?
What share of Wallace 1St Add is owner-occupied?
When were the homes in Wallace 1St Add built?
Do cash buyers compete in Wallace 1St Add?
Who is the best real estate agent for Wallace 1St Add?
How do I find a top St Petersburg real estate agent who knows Wallace 1St Add?
Can Momentum Realty connect me with an agent for Wallace 1St Add?
Should you buy in Wallace 1St Add?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Housing stock & ownership | Florida DOR 2025 assessment roll (street-list match (8 streets, ZIP 33713)) |
| Under-contract shares | Stellar MLS records, as of 2026-07-12 |
| Historical depth | Closed-sale records back to 2011 (27 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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The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Stellar MLS member average and 8 days faster, and we’ll price yours against live your area comps.
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