NOT LISTED FOR SALE

114 Vieux Orleans Cir Lafayette, LA 70508

Pilette Neighborhood

Estimated Value: $183,526 - $840,000

5 Beds
4 Baths
3,154 Sq Ft
$112/Sq Ft Est. Value

Last Sold January 08, 2020

Current estimated payment $1,978/month

44 Days on Market

Highlights

  • Outdoor Fireplace
  • Balcony
  • Central Air
  • Wood Flooring
  • Eat-In Kitchen
  • Dining Room

About This Home

As of January 2020

Multi-family investment opportunity with historically stable income. Buildings include 114, 302, 305 & 405 Vieux Orleans Circle. 16 units with various floor plans and sizes. All buildings are located on the same street, just 3 blocks off of the newly completed Verot School Road. This area enjoys a convenient location close to employment areas that include hospitals and the Oil Center. All units reflect various levels of maintenance over the years. New roofs on 114 & 302. New roof scheduled for 405. Tenants pay all electricity and water/sewer in 3 buildings. All four buildings must be purchased together as one package.

Last Agent to Sell the Property

Robert Crouchet

NAI Latter & Blum Listed on: 10/15/2019

Last Buyer's Agent

Steven Barbosa

Chase Group Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,465

Lot Details

  • Partially Fenced Property

Parking

  • 32 Parking Spaces

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,154 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Window Treatments
  • Dining Room
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Outdoor Fireplace

Schools

  • Drexel Elementary School
  • Broussard Middle School
  • Comeaux High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $1,975
  • Tenant pays for electricity, sewer, water
  • Tax Lot 17,33,43 & 52

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Vieux Orleans Subdivision

Building Details

  • 4 Leased Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,465

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: Varies
  • Subdivision Name: Vieux Orleans
  • Directions: Pinhook south towards Broussard. Right on Verot School Road. Left on Pillette to View Orleans.
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Unit 1(Other), Unit 2(Other), Unit 3(Other), Unit 4(Other)
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 4
  • Appliances: Dishwasher, Refrigerator
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Fireplace Features: Outside, Unit 1 Fireplace
  • Fireplace: Yes
  • Flooring: Ceramic Tile, Carpet, Wood
  • Interior Amenities: Unit 1(Eat-in Kitchen), Unit 2(Dining Room), Unit 3(Dining Room), Unit 4(Dining Room)
  • Living Area: 3154
  • Window Features: Some Window Treatments
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Partial
  • Construction Type: Frame, Brick Veneer, Vinyl Siding, Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Property Condition: 31 - 40 Years
  • Roof: Composition

Garage/Parking

  • Total Parking Spaces: 32

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Water Source: Public

Schools

  • Elementary School: Drexel
  • High School: Comeaux
  • Middle Or Junior School: Broussard

Lot Info

  • Zoning: RM-1

Rental Info

  • Tenant Pays: Electricity, Sewer, Water

Multi Family

  • Number Of Units Total: 16
  • Number Of Units Leased: 4
  • Total Actual Rent: 1975

Tax Info

  • Tax Lot: 17,33,43 & 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2022
Sold by
Vieux Orleans Rental Properties Llc
Bought by
Stonehearth Properties Ltd
Current Estimated Value
$353,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,464
Outstanding Balance
$655,945
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
-$302,063

Purchase Details

Listed on
Oct 15, 2019
Closed on
Jan 8, 2020
Sold by
Land Robert William
Bought by
Vieux Orleans Rental Properties Llc
Seller's Agent
Robert Crouchet
NAI Latter & Blum
Buyer's Agent
Steven Barbosa
Chase Group Realty, LLC
List Price
$695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.40%
Original Mortgage
$536,000
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Stonehearth Properties Ltd $1,100,000 First American Title
Vieux Orleans Rental Properties Llc $670,000 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stonehearth Properties Ltd $1,330,464
Previous Owner Vieux Orleans Rental Properties Llc $536,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2020 01/08/20 Sold -- -- --
11/29/2019 11/29/19 Pending -- -- --
10/15/2019 10/15/19 For Sale $695,000 -- $220 / Sq Ft
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 $1,465 $13,924 $1,429 $12,495
2023 $1,465 $13,329 $1,429 $11,900
2022 $1,395 $13,329 $1,429 $11,900
2021 $1,399 $13,329 $1,429 $11,900
2020 $1,395 $13,329 $1,429 $11,900
2019 $1,292 $15,680 $1,429 $14,251
2018 $1,600 $15,680 $1,429 $14,251
2017 $1,598 $15,680 $500 $15,180
2015 $1,596 $15,680 $500 $15,180
2013 -- $15,680 $500 $15,180
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    Robert Crouchet

    NAI Latter & Blum

  • S

    Buyer's Agent in 2020

    Steven Barbosa

    Chase Group Realty, LLC

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 19010342

REALTOR® Association of Acadiana

APN: 6062307

Louisiana Lafayette Parish Lafayette 70508 Pilette

114 Vieux Orleans Cir, Lafayette, LA

This home is located at 114 Vieux Orleans Cir, Lafayette, LA 70508 since 15 October 2019 and is currently estimated at $353,882, approximately $112 per square foot. 114 Vieux Orleans Cir is a home located in Lafayette Parish with nearby schools including Katharine Drexel Elementary School, Broussard Middle School, and O. Comeaux High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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