For SaleRisky Deal75 days on market
3308 Wellington Ln
3308 Wellington Ln, Northlake, TX 76247, Northlake, TX 76247
$2,200,000
Listing Price
3308 Wellington Ln, Northlake, TX 76247
Loc: Northlake, TX
Days Listed
75
Tax Assessed
$1286k
Lot Size
1.00 acres
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Johnie R Daniel Elementary School
PK-5
1.4 mi away
7
Gene Pike Middle School
6-8
5.4 mi away
5
Northwest High School
9-12
5.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
modern farmhouseswimming pooldetached garagebasketball courtspacious backyardoutdoor living spaceprivacy fencingluxury real estatehardscapinggabled roofboard and batten sidinghot tublandscaped
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.74%
Total ROI
83.6%
Cash Flow
$-893/mo
DSCR
0.92
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-893/mo net cash flow with a 5.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.7%)
- • Strong rental demand in Northlake
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-07-11 | Listed for sale | $2,200,000 | $404 |
| 2024-01-11 | Sold | $0 | – |
| 2023-12-18 | Pending sale | $1,385,000 | $254 |
| 2023-12-12 | Contingent | $1,385,000 | $254 |
| 2023-10-25 | Price change | $1,385,000 | $254 |
| 2023-10-12 | Price change | $1,429,999 | $262 |
| 2023-09-15 | Listed for sale | $1,430,000 | $262 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $23,494.48 | $1,286,150 |
| 2024 | $24,653.96 | $1,325,452 |
| 2023 | $6,192.33 | $294,471 |
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