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2077 Wembley Pl
Oviedo, FL

2077 Wembley Pl

$735,000
4 bd • 3 ba • 2,614 sf

This analysis was generated by artificial intelligence on 1/27/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

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AI Property Analysis

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List Price

$735,000

Price/Sq.Ft

$281

Year Built

1995

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• **Desirable Location:** The property is located in one of Oviedo’s most sought-after neighborhoods, which typically means higher property values, better amenities, and a safer environment. • **Top-Rated Schools:** The property is in a top-rated school district with Evans Elementary (8/10), Jackson Heights Middle (7/10), and Oviedo High (8/10), making it highly desirable for families with school-aged children. • **Modern Upgrades:** The home features a fully upgraded kitchen with sleek countertops, custom cabinetry, and stainless steel appliances. Two bathrooms have been tastefully renovated, and upgraded flooring has been installed throughout the common spaces, reducing the need for immediate renovations. • **Comfort Features:** The family room has a cozy fireplace, and there is a sparkling pool in the backyard, ideal for relaxation and entertaining. The AC system was replaced in 2021, which is a significant upgrade. • **Spacious Layout:** With 2,614 square feet, the 4-bedroom, 3-bathroom home offers ample living space for families. The formal living room and family room provide separate areas for entertainment and relaxation. • **Outdoor Living:** The private backyard with a pool is a major selling point, perfect for outdoor gatherings and enjoying the Florida weather. • **Recent Listing:** The property has been on the market for only 3 days, which suggests high demand. This also means there is still a chance to negotiate.

The Bad

• **Price per Square Foot:** The price per square foot is $281.18, which is above the average for Oviedo. While the upgrades add value, buyers should verify if this price aligns with similar properties in the area. • **Age of the Home:** Being built in 1995, the home is 29 years old. While upgrades have been made, there may be underlying issues that come with older homes, such as older plumbing, electrical, or roof systems. A pre-purchase inspection is essential to identify any potential problems. • **HOA Fees:** The analysis does not provide any information about HOA fees. If the property is part of an HOA, the additional cost and rules need to be considered. • **Lack of Specific Details:** The property description is somewhat vague on the specific upgrades in the kitchen and bathrooms, lacking specifics on brands, materials, and the extent of the renovations. This information is needed to assess the value of the upgrades.

The Ugly

• **Extreme Heat Risk:** With a heat risk score of 9/10 and 7 hot days per year, the home will require a lot of energy to cool, potentially increasing utility bills. The old windows and insulation may not be energy-efficient, exacerbating this issue. The 98th percentile temperature is 108°F, which means the home needs to be able to withstand extreme heat. • **Extreme Wind Risk:** The 9/10 wind risk score translates to high insurance premiums and the need for hurricane-proof windows, shutters, and/or a reinforced roof. This can add significant upfront and ongoing costs. This is a critical concern given Florida’s history of hurricanes. • **Potential Sinkhole Risk:** While not explicitly mentioned as a high risk, Florida's general sinkhole risk means a thorough sinkhole inspection should be conducted and sinkhole insurance should be considered, adding to the overall costs. • **High Insurance Costs:** The estimated insurance of $2,646 per year is already substantial, and that cost may increase significantly due to wind risk, fire risk, and flood risk, as well as the age of the home. • **Significant Price Increase:** The property was listed for $735,000, which is a 197.6% increase from the last listing in 2000. This may indicate overpricing or a significant bubble in the market. The property needs to be very thoroughly inspected to ensure that the cost is justified. It's unclear what upgrades justify this massive price increase. • **Maintenance Costs:** The pool will require ongoing maintenance, and the 29-year-old house may have hidden issues that could lead to costly repairs in the near future. The lack of specifics about the renovations makes it hard to evaluate the value of those upgrades. There is no mention of roof age or if there have been any upgrades to this major component of the house.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Families seeking a home in a top-rated school district, with Evans Elementary (8/10), Jackson Heights Middle (7/10), and Oviedo High (8/10) all nearby. The 4-bedroom layout and pool make it ideal for family living. • Buyers who value modern upgrades and move-in readiness. The renovated kitchen and bathrooms, along with upgraded flooring and a 2021 AC system, mean less immediate maintenance and renovation costs. • Homeowners looking for a balance of indoor and outdoor living. The formal living room, family room with a fireplace, and private pool area provide ample space for both entertaining and relaxation. • Individuals or families with a household income comfortably above the Oviedo median of $88,156, as the monthly costs will likely be higher than average due to the property's price and potential insurance costs. A good rule of thumb is that housing costs should not exceed 30% of gross monthly income. • Buyers who appreciate the convenience of a well-established neighborhood. This property is in a sought-after area, which likely means proximity to local amenities, shopping, and restaurants.

Not For

• First-time homebuyers or buyers with limited budgets, as the property is priced above the median for the area and the total cost of ownership, including potential insurance and maintenance, may be high. • Buyers seeking a low-maintenance property, as the pool and older construction may require more upkeep than newer homes. Potential issues with a 29-year-old home may be present, requiring significant investment in the coming years. • Individuals who are sensitive to heat and high wind risks, as the property has extreme heat and wind risk scores (9/10), and may also require upgrades to the HVAC system to ensure comfort in the Florida climate. • Buyers who prefer a new construction home, as this home was built in 1995. Although it has upgrades, it may still have some of the common issues associated with an older home, such as older plumbing or electrical systems. • Those seeking to minimize insurance costs; given the extreme wind risk, insurance premiums will likely be higher than average, and potential flood insurance will add to the costs.
Demographics
Area Median Income

$88,156

Price Prediction Challenge

Think you know what 2077 Wembley Pl will sell for? Put your market expertise to the test!

1 market expert predicted

Join 1 market expert in predicting this property's future. Closest prediction wins Market Expert status + 1 month Premium access!

$735,000
0.0% above list

Average prediction

91%
High confidence

Community consensus

1
Market experts

Total predictions

Recent Predictions

CC
Carlo C.

1/27/2025
$735,000
91% confidence
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Risk Assessment

Climate Risks

heatEXTREME

7 extreme heat days per year

98th percentile: 108°F

windEXTREME

Insurance: Required

fireMINOR

Insurance: Recommended

airMINOR

2 bad air quality days per year

floodMINIMAL

FEMA Zone: X_UNSHADED

Insurance: Optional

Risk Analysis

• **High Wind Risk:** The property has an extreme wind risk score (9/10), which means high insurance costs and potential damage from windstorms. This is a critical issue given Florida's hurricane history. • **Heat Risk:** The extreme heat risk score (9/10) means the home may require significant energy use for cooling, potentially increasing utility costs. The 2021 AC system will help, but older homes are often less energy efficient. • **Age of the Home:** Built in 1995, the property is 29 years old and may require maintenance and repairs, including potential replacements of the roof, plumbing, and electrical systems. While upgrades have been made, there may be hidden costs of ownership that are not immediately apparent. • **Insurance Costs:** The estimated insurance cost is $2,646/year, but this is likely to increase due to the wind and fire risk scores. Additionally, flood insurance may be required, further increasing costs. • **Pool Maintenance:** While a desirable amenity, the pool requires regular maintenance, which adds to the overall cost of ownership. This includes chemical treatments, cleaning, and potential repairs. • **Market Fluctuations:** The Oviedo market is subject to fluctuations. The listing price represents a significant increase since the last sale in 2000. The price might not sustain if the market cools down. The price has increased 197.6% since the last listing, which is a large increase, and could indicate overpricing. • **Sinkhole Risk:** While not considered high, the general sinkhole risk in Florida means a sinkhole inspection should be performed and sinkhole insurance should be considered. This may add to the upfront and ongoing costs of ownership.
Insurance
Annual Cost

$2,646

$221 per month

Financials

Monthly Costs
Market Rent (4 bed)

$2,800

Get a detailed rental estimate on Zillow®
HOA Fee

$54

Price History

Property Taxes

$3,312
2023 Tax Assessment
2.7%from previous year
Assessed Value$288,777
Tax Rate1.15%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$736,183

0.2% above list price

Median Price

$797,990

Based on 6 recent sales

Price per Sq.Ft

$281

Comparable Properties

416 HARLEY COURT, OVIEDO, FL 32765
Price: $585,000
Sq.Ft: 2,310
Beds/Baths: 4/3
$/Sq.Ft:
$2539.9%
Sale Date: 10/11/2024
2453 FRANCISCO ART COURT, OVIEDO, FL 32765
Price: $800,110
Sq.Ft: 2,284
Beds/Baths: 3/3
$/Sq.Ft:
$35024.6%
Sale Date: 10/11/2024
5733 OAK LAKE Trail, Oviedo, FL 32765
Price: $660,000
Sq.Ft: 2,485
Beds/Baths: 4/3
$/Sq.Ft:
$2665.5%
Sale Date: 9/6/2024
2544 WESTMINSTER TERRACE, OVIEDO, FL 32765
Price: $749,000
Sq.Ft: 2,648
Beds/Baths: 4/3
$/Sq.Ft:
$2830.6%
Sale Date: 8/1/2024
2523 BLUE WAVE COURT, OVIEDO, FL 32765
Price: $797,990
Sq.Ft: 3,038
Beds/Baths: 4/3
$/Sq.Ft:
$2636.6%
Sale Date: 9/4/2024
2872 ASHTON TERRACE, OVIEDO, FL 32765
Price: $825,000
Sq.Ft: 3,028
Beds/Baths: 5/4
$/Sq.Ft:
$2723.1%
Sale Date: 8/22/2024

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