For SaleRisky Deal167 days on market
501 DEVON PLACE
501 DEVON PLACE, LAKE MARY, FL 32746, Lake Mary, FL 32746
$649,900
Estimate®:$634,700
Listing Price
501 DEVON PLACE, LAKE MARY, FL 32746
Loc: Lake Mary, FL
Days Listed
167
Tax Assessed
$587k
Estimate®
$635k
Market Rate
Lot Size
7,601 sqft
Rent Estimate
$3,018/mo
Est. Cash Flow base
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.
10
Heathrow Elementary School
PK-5
1.3 mi away
6
Markham Woods Middle School
6-8
1.4 mi away
5
Seminole 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
stucco exteriortwo-storysuburbanlandscapedresidentialgaragegabled roofarchway entrancemature treesdrivewaytraditional architecturesunnycurb appeal
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
2.80%
Total ROI
19.8%
Cash Flow
$-1,853/mo
DSCR
0.45
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,853/mo net cash flow with a 2.8% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Lake Mary, FL
- • Long-term capital appreciation corridor
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 |
|---|---|---|---|
| 2026-09-08 | Price change | $649,900 | $272 |
| 2026-05-12 | Price change | $659,000 | $275 |
| 2026-04-10 | Listed for sale | $679,000 | $284 |
| 2025-10-20 | Listing removed | $599,000 | $250 |
| 2025-09-25 | Price change | $599,000 | $250 |
| 2025-07-11 | Price change | $629,000 | $263 |
| 2025-06-19 | Price change | $645,000 | $270 |
| 2025-05-20 | Price change | $650,000 | $272 |
| 2025-05-14 | Price change | $665,000 | $278 |
| 2025-04-15 | Listed for sale | $675,000 | $282 |
| 2024-07-31 | Listing removed | $0 | – |
| 2024-06-18 | Listed for sale | $695,000 | $290 |
| 2013-07-26 | Sold | $315,000 | $132 |
| 2013-04-06 | Listing removed | $329,000 | $137 |
| 2012-10-10 | Price change | $329,000 | $137 |
| 2012-08-11 | Listed for sale | $342,500 | $143 |
| 2003-04-04 | Sold | $252,500 | $106 |
| 1999-09-07 | Sold | $205,000 | $86 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $4,758.52 | $367,303 |
| 2024 | $4,186.5 | $356,951 |
| 2023 | $4,080.99 | $346,554 |
| 2022 | $3,977.38 | $336,460 |
| 2021 | $4,190.05 | $326,660 |
| 2020 | $4,157.89 | $322,150 |
| 2019 | $4,118.17 | $314,907 |
| 2018 | $4,118.17 | $309,035 |
| 2017 | $4,085.18 | $302,679 |
| 2016 | $4,064.34 | $324,507 |
| 2015 | $4,975.77 | $295,253 |
| 2014 | $4,975.77 | $265,403 |
| 2013 | $3,848.29 | $240,442 |
| 2012 | $3,934.55 | $255,988 |
| 2011 | $3,636.08 | $233,998 |
| 2010 | $3,700.06 | $235,635 |
| 2009 | $3,696.38 | $236,575 |
| 2008 | $4,591.3 | $304,871 |
| 2007 | $5,829.43 | $394,723 |
| 2006 | $3,399.48 | $235,949 |
| 2005 | $3,344.04 | $229,077 |
| 2004 | $3,336.38 | $222,405 |
| 2003 | $2,976.22 | $198,600 |
| 2002 | $3,004.59 | $197,423 |
| 2000 | $3,079.01 | $174,148 |
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