NOT LISTED FOR SALE

1133 N Lee Rd Covington, LA 70433

Estimated Value: $547,180

-- Bed
-- Bath
6,000 Sq Ft
$91/Sq Ft Est. Value

Last Sold July 11, 2024

Current estimated payment $3,465/month

111 Days on Market

Highlights

  • 0.65 Acre Lot
  • Accessibility Features
  • Property has 1 Level
  • Corner Lot

About This Home

As of July 2024

100% occupied. Profitable Investment Opportunity in Prime location with high Visibility. Each unit is 1215 sq ft with versatile space and can be adapted to suite a variety of businesses. This commercial strip is located north of Bogue Falaya bridge between Collins (Hwy190) and Lee Road. Please do not disturb the tenants.

Last Agent to Sell the Property

Lori Hahn

Compass Mandeville (LATT15) License #995686982 Listed on: 03/08/2024

Compass Mandeville (LATT15)

Co-Listed By

MICHELLE MASSEY

Compass Mandeville (LATT15) License #995707502

Last Buyer's Agent

Gregg Tepper

Keller Williams Realty Services License #995700267

Keller Williams Realty Services

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $6,994

Year Built

  • Built in 2008

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 195x144x275x120
  • Corner Lot
  • Oversized Lot
  • Zoning described as Com

Home Design

  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 6,000 Sq Ft Home
  • Property has 1 Level

Parking

  • 3 Parking Spaces
  • Driveway

Additional Features

  • Accessibility Features
  • Outside City Limits

Community Details

  • Not A Subdivision
  • Common Area

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 18121

Property Details

Property Type

Other

Est. Annual Taxes

$6,994

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.6474
  • Lot Size: 195x144x275x120
  • Co List Office Mls Id: LATT15
  • Co List Office Phone: (985) 626-5695
  • Subdivision Name: Not a Subdivision
  • Directions: North Covington between Collins Blvd, and Lee Rd turn on Edwards
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Mixed Use, Retail
  • Year Built: 2008
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1

Interior Features

  • Owner Pays: Insurance, Taxes
  • Accessibility Features: Accessibility Features

Exterior Features

  • Lot Features: Corner Lot, Outside City Limits, Oversized Lot
  • Construction Type: Brick

Garage/Parking

  • Parking Features: Driveway, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Parcel #: 18121
  • Zoning Description: Com
  • Zoning: Com
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Annual Gross Income: 5375.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Jul 8, 2024
Sold by
N3 Investments Company
Bought by
Mistretta Investments Llc
Seller's Agent
Lori Hahn
Compass Mandeville (LATT15)
Buyer's Agent
Gregg Tepper
Keller Williams Realty Services
List Price
$625,000
Views
18
Current Estimated Value
$547,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.98%

Purchase Details

Closed on
May 23, 2018
Sold by
Moise Katherine M
Bought by
N3 Investment Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
Mistretta Investments Llc $540,000 Stone Title
N3 Investment Co $412,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner N3 Investment Co $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2024 07/11/24 Sold -- -- --
06/28/2024 06/28/24 Pending -- -- --
05/13/2024 05/13/24 Price Changed $595,000 -4.8% $99 / Sq Ft
03/08/2024 03/08/24 For Sale $625,000 -- $104 / 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 $6,994 $45,927 $0 $45,927
2023 $5,889 $53,693 $7,766 $45,927
2022 $635,512 $53,693 $7,766 $45,927
2021 $6,345 $53,693 $7,766 $45,927
2020 $6,363 $53,693 $7,766 $45,927
2019 $5,809 $47,077 $2,790 $44,287
2018 $4,910 $39,742 $2,790 $36,952
2017 $4,958 $39,742 $2,790 $36,952
2016 $4,982 $39,742 $2,790 $36,952
2015 $4,893 $38,030 $2,670 $35,360
2014 $4,845 $38,030 $2,670 $35,360
2013 -- $38,030 $2,670 $35,360
Source: Public Records

Agents Affiliated with this Home

  • Lori Hahn

    Seller's Agent in 2024

    Lori Hahn

    Compass Mandeville (LATT15)

    (504) 577-8888

    20 in this area

    89 Total Sales

    Lori Hahn
    Section Image

  • M

    Seller Co-Listing Agent in 2024

    MICHELLE MASSEY

    Compass Mandeville (LATT15)

    Section Image
  • Gregg Tepper

    Buyer's Agent in 2024

    Gregg Tepper

    Keller Williams Realty Services

    (985) 789-8717

    68 in this area

    408 Total Sales

    Gregg Tepper
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2437850

APN: 18121

Louisiana St Tammany Parish Covington 70433

1133 N Lee Rd, Covington, LA

Not Listed for Sale

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