For SaleRisky Deal1 days on market
656 LAKE WELLINGTON Drive
656 LAKE WELLINGTON Drive, Wellington, FL 33414, Wellington, FL 33414
$499,000
Estimate®:$510,000$11,000 Under Market
Listing Price
656 LAKE WELLINGTON Drive, Wellington, FL 33414
Loc: Wellington, FL
Days Listed
1
Tax Assessed
$345k
Estimate®
$510k
2% Under Valued
Lot Size
6,287 sqft
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
Wellington Elementary School
PK-5
0.5 mi away
8
Wellington Landings Middle School
6-8
2.2 mi away
6
Wellington High School
9-12
1.9 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
ranch stylestucco exteriortile roofattached garagesingle-storysuburbanlandscaped lawnarched entrywaydouble front doorswell-maintainedresidentialdriveway
Haven AI Verdict
Recommendation
Risky
Confidence Score: 2/10
Exercise caution due to potential market volatility.
Cap Rate
5.94%
Total ROI
88.1%
Cash Flow
$-117/mo
DSCR
0.95
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-117/mo net cash flow with a 5.9% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (5.9%)
- • Strong rental demand in Wellington
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 |
|---|---|---|---|
| 2026-09-24 | Listed for sale | $499,000 | $354 |
| 2023-02-27 | Sold | $429,000 | $305 |
| 2023-02-23 | Pending sale | $449,000 | $319 |
| 2023-01-30 | Contingent | $449,000 | $319 |
| 2023-01-19 | Price change | $449,000 | $319 |
| 2023-01-11 | Price change | $459,900 | $327 |
| 2023-01-01 | Listed for sale | $475,000 | $337 |
| 1994-09-26 | Sold | $113,800 | $81 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $6,308 | $336,056 |
| 2024 | $6,101 | $326,585 |
| 2023 | $2,891 | $155,718 |
| 2022 | $2,767 | $152,073 |
| 2021 | $2,688 | $147,644 |
| 2020 | $2,626.26 | $145,606 |
| 2019 | $2,586.45 | $142,332 |
| 2018 | $2,586.45 | $139,678 |
| 2017 | $2,470.1 | $136,805 |
| 2016 | $2,436.28 | $133,991 |
| 2015 | $2,426.94 | $133,060 |
| 2014 | $2,497.48 | $132,004 |
| 2013 | $2,431.49 | $130,053 |
| 2012 | $2,412.04 | $127,879 |
| 2011 | $2,440.9 | $127,095 |
| 2010 | $2,404.91 | $125,217 |
| 2009 | $2,180.47 | $119,144 |
| 2008 | $1,977.88 | $119,025 |
| 2007 | $2,119.47 | $114,824 |
| 2006 | $2,227.46 | $112,023 |
| 2005 | $0 | $108,760 |
| 2004 | $1,032.24 | $105,592 |
| 2003 | $330 | $103,623 |
| 2002 | $1,912.91 | $101,194 |
| 2001 | $1,898.22 | $99,600 |
| 2000 | $1,877.55 | $99,600 |
| 1999 | $1,623.44 | $99,600 |
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