NOT LISTED FOR SALE

1101 Colbert St Mandeville, LA 70448

Estimated Value: $2,339,360

100 Beds
73 Baths
40,000 Sq Ft
$58/Sq Ft Est. Value

Last Sold March 17, 2021

Current estimated payment $12,802/month

129 Days on Market

Highlights

  • 6.19 Acre Lot
  • Laundry Room
  • Property has 1 Level
  • Woodlake Elementary School Rated A-

About This Home

As of March 2021

Mobile Home Park, 53-total units, sitting on 6.19 acres to include (35) owned mobile homes and (18) privately owned. Also included is a 2-bedroom house that serves as manager's office and living quarters. The Park has a water well and sewer treatment plant.
Mobile Homes rent for ($700-$750) per unit, the pads rent for ($350-$375). The Park is (100%) occupied.

Last Agent to Sell the Property

Thomas Magsino

La-Metro Plus Real Estate,Inc. License #000025631 Listed on: 10/08/2020

Last Buyer's Agent

Thomas Magsino

La-Metro Plus Real Estate,Inc. License #000025631 Listed on: 10/08/2020

Property Details

Home Type

  • Mobile/Manufactured

Lot Details

  • 6.19 Acre Lot
  • Lot Dimensions are 506.2 x 532.9
  • Density is 6-10 Units/Acre
  • Property is in average condition

Parking

  • Off-Street Parking

Home Design

  • Entry on the 1st floor
  • Flat Roof with Façade front
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 40,000 Sq Ft Home
  • Property has 1 Level
  • Laundry Room

Bedrooms and Bathrooms

  • 100 Bedrooms

Location

  • City Lot

Utilities

  • Treatment Plant
  • Well

Community Details

  • Mandeville S Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Tax Lot 164
  • Assessor Parcel Number 704481101COLBERTST164

Property Details

Home Type

Mobile/Manufactured

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential Income
  • Lot Size Acres: 6.19
  • Lot Size: 506.2 x 532.9
  • Subdivision Name: Mandeville S
  • Directions: US 190 E. Turn left onto Colbert Street
  • Architectural Style: Mobile Home
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 45
  • Property Sub Type Additional: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 53
  • Half Bathrooms: 20
  • Total Bedrooms: 100
  • Living Area: 40000.0

Exterior Features

  • Lot Features: 6-10 Units/Acre, City Lot
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding
  • Foundation Details: Other
  • Property Condition: Average Condition, Resale
  • Roof: Flat

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Other
  • Heating: Other
  • Sewer: Treatment Plant
  • Water Source: Well

Lot Info

  • Parcel #: 704481101COLBERTST164
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Lot: 164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 6, 2025
Sold by
Covington Manor Mhc Llc and Oak Forest Estates Llc
Bought by
Covington Mobile Home Parks Llc
Current Estimated Value
$2,339,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,081,250
Outstanding Balance
$5,081,250
Interest Rate
6.3%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$2,741,890

Purchase Details

Listed on
Oct 8, 2020
Closed on
Mar 17, 2021
Sold by
Iqbal Properties Llc
Bought by
Oak Forest Estates Llc
Seller's Agent
Thomas Magsino
La-Metro Plus Real Estate,Inc.
Buyer's Agent
Thomas Magsino
La-Metro Plus Real Estate,Inc.
List Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.31%
Source: Public Records
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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
Covington Mobile Home Parks Llc -- North Delta Title Company Of L
Oak Forest Estates Llc $2,000,000 Fidelity National Title Insu
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covington Mobile Home Parks Llc $5,081,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2021 03/17/21 Sold -- -- --
02/15/2021 02/15/21 Pending -- -- --
10/08/2020 10/08/20 For Sale $2,200,000 -- $55 / Sq Ft
Source: ROAM MLS

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 $6,823 $7,567 $0 $7,567
2023 $7,071 $55,973 $48,406 $7,567
2022 $753,619 $55,973 $48,406 $7,567
2021 $7,522 $55,973 $48,406 $7,567
2020 $7,514 $55,973 $48,406 $7,567
2019 $8,171 $58,684 $48,406 $10,278
2018 $8,183 $58,684 $48,406 $10,278
2017 $8,132 $58,684 $48,406 $10,278
2016 $8,196 $58,684 $48,406 $10,278
2015 $7,627 $52,370 $42,092 $10,278
2014 $7,548 $52,370 $42,092 $10,278
2013 -- $52,370 $42,092 $10,278
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Thomas Magsino

    La-Metro Plus Real Estate,Inc.

    (504) 836-7477

    1 in this area

    3 Total Sales

    Thomas Magsino
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Map

Source: ROAM MLS

MLS Number: 2272117

APN: 41328

Louisiana St Tammany Parish Mandeville 70448

1101 Colbert St, Mandeville, LA

Not Listed for Sale

Mobile Manufactured

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