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662 Lake Wellington Drive

662 Lake Wellington Drive, Wellington, FL 33414
Sold Oct 24, 2023
$490,000
$325,600 by United Wholesale Mortgage Llc
Mortgage Due Nov 01, 2053
Sold Jan 22, 1998
$119,900
$70,000 by Washington Mutual Bank
Mortgage
662 Lake Wellington Drive has been categorized by the local assessors in Wellington, FL as a residential type of property. The building on the property was first built in 1993 and is 31 years old. However, we must point out that the home was most recently renovated and altered in 1999. The home has a total of 3 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 662 Lake Wellington Drive has 1,528 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 5,689 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 380 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a screened porch and a screened patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with masonry control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a wood truss style roof made of concrete. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with electricity. The property was last sold in Oct 16, 2023 for $490,000. That's $232.01 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $119,900. 662 Lake Wellington Drive was last assessed in 2023. The total value of the property was assessed at $159,234. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,958. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Wood truss
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Tile
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 380
  • Parking Space Count: 1
  • Patio Type: Patio - screened
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 5,689
  • Total Building Area: 2,112
  • Gross Building Area: 2,112
  • Building Area: 1,528
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,528
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTEREY ON THE LAKE
  • Land Acres: 0.131
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MONTEREY ON THE LAKE LT 8

Ownership

  • Current Owner : AREVALO JAIME RICARDO
  • Current Owner 2: AREVALO LEDDA ISABEL
  • Previous Owner : EDWARD J FASNACHT J
  • Previous Owner 2: EDWARD HELEN V
  • Owner Before Previous Owner: RICHARD L AND NANCY L TARDIFF TRS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Palm Beach County School District
  • Census Tract: 007724

Zoning

  • Zoning: PUD

Geography

  • Assessors Map Reference: 184
  • Parcel: 73-41-44-03-19-000-0080
  • Lot: 8
  • Meridian: SEC 03 TWN 44S RNG 41E
  • Municipality: WELLINGTON
  • Latitude: 26.6713
  • Longitude: -80.2499

    Address

  • Full Address: 662 Lake Wellington Dr
  • Address - House Number: 662
  • Address - Street Name: Lake Wellington
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Wellington
  • Carrier Code: C062
  • 4-Digit Zip Code: 7978
  • Zip Code: 33414

Valuation

    Tax

  • Total Area: 1,769
  • Tax Year: 2023
  • Tax Amount: $2,958
  • Tax Rate Code Area: 73486

    Appraisal Valuation

  • Standard Deviation: 0.1912
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 543,922
  • High Value: 647,970
  • Low Value: 439,874

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $325,600
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 24, 2023
  • First Open Lien Mortgage Loan Amount: $325,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2053

    Market Valuation

  • Market Total Value: $423,983
  • Market Land Value: $180,640
  • Market Improvement Value: $243,343

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $159,234

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 24, 2023
  • Current Sale Transaction ID: 11915544055
  • Current Sale Price: $490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 362109
  • Previous Sale Recording Date: Jan 22, 1998
  • Previous Sale Amount: $119,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 24, 2023
  • First Mortgage Loan Amount: $325,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: WASHINGTON MUTUAL BANK
  • Previous Mortgage Transaction Date: Jan 22, 1998
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $70,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 662 Lake Wellington Drive located in?
The 662 Lake Wellington Drive is a located in the neighborhood of Monterey on the Lake in Monterey on the Lake, Wellington.
What is the average sales price for listings in 662 Lake Wellington Drive?
The average sales price for units in 662 Lake Wellington Drive is $0 currently.

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