NOT LISTED FOR SALE

Estimated Value: $793,000 - $892,000

2.5 Acres
$330,407 Price per Acre
108,900 Sq Ft Lot

Last Sold March 11, 2021

Current estimated payment $4,948/month

218 Days on Market

Highlights

  • 2.5 Acre Lot
  • Additional Land
  • Level Lot
  • Broadmoor Elementary School Rated A-

About This Lot

As of March 2021

****IN AN OPPORTUNITY ZONE *****Great commercial tract that is ready for development, on Reading Avenue, Lafayette, La, between West Willow Street and Alcide Dominique Drive (I-10 Service Road). Excellent location to I-10, between Ambassador Caffery Parkway and University exits. Take advantage of the Opportunity Zone while gaining a highly visible tract of land that has easy access and loads of potential!! Locate your business here and have great access to all parts of the city. Great visibility from I-10.

Last Agent to Sell the Property

Robert Crouchet

NAI Latter & Blum Listed on: 07/17/2019

Co-Listed By

Paul Bako

NAI Latter & Blum

Last Buyer's Agent

Robert Crouchet

PRUDENTIAL SATURN, REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,769

Year Built

  • 1995

Lot Details

  • 2.5 Acre Lot
  • Lot Dimensions are 293 x 374
  • Level Lot
  • Additional Land
  • Property is zoned IL

Additional Features

  • Suburban Location
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 2

Property Details

Property Type

Land

Est. Annual Taxes

$6,769

Year Built

1995

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Prop. Type: Land
  • Horses: No
  • Lot Size Acres: 2.5
  • Lot Size: 293 x 374
  • Road Frontage Type: City Street
  • Road Surface Type: City Street
  • Co List Office Mls Id: l001162
  • Co List Office Phone: 337-233-9541
  • Subdivision Name: None
  • Directions: University Avenue toward I-10. Before I-10, take a left on West Willow Street. Property on Reading Avenue. Between W. Willow & Alcide Dominque Dr. Interior Lot
  • ResoPropertyType: Land
  • Special Features: None
  • Year Built (Public Record): 1995

Interior Features

  • Possible Use: Business, Commercial, Industrial, Warehouse
  • Other Equipment: None

Exterior Features

  • Fencing: None
  • Lot Features: Additional Land Available, Level, Industrial Park, Suburban, Curbs & Gutters, City Lot, 1 - 2.99 Acres
  • Waterfront Features: None
  • Waterfront: No
  • Exclusions: Other
  • Other Structures: None

Utilities

  • Electricity On Property: Yes
  • Utilities: Cable Available, Electricity Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 108900
  • Crops Included: No
  • Zoning: IL
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 19, 2019
Sold by
King Franz Iii Ernest William and King Franz Brenda
Bought by
Park Chon Kyung Rae and Park Chon Insuk
Total Days on Market
218
Current Estimated Value
$826,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Outstanding Balance
$512,489
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$330,868
Source: Public Records

Similar Property in Lafayette, LA

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Park Chon Kyung Rae $720,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Park Chon Kyung Rae $576,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2021 03/11/21 Sold -- -- --
02/21/2020 02/21/20 Pending -- -- --
07/17/2019 07/17/19 For Sale $250,000 -- --
Source: REALTOR® Association of Acadiana

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $6,769 $70,517 $7,092 $63,425
2023 $6,769 $65,773 $7,092 $58,681
2022 $6,882 $65,773 $7,092 $58,681
2021 $6,905 $65,773 $7,092 $58,681
2020 $6,882 $65,773 $7,092 $58,681
2019 $4,803 $65,773 $7,092 $58,681
2018 $4,207 $41,221 $4,000 $37,221
2017 $3,571 $41,221 $4,000 $37,221
2015 $3,567 $41,221 $4,000 $37,221
2013 -- $41,222 $4,000 $37,222
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 19007212

REALTOR® Association of Acadiana

APN: 6066733