NOT LISTED FOR SALE

Estimated Value: $288,057 - $387,000

1 Bed
1 Bath
5,400 Sq Ft
$63/Sq Ft Est. Value

Last Sold April 16, 2019

Current estimated payment $2,094/month

59 Days on Market

About This Home

As of April 2019

Average Rents collected per year: $25,500 Annual Taxes: $2,468 Insurance: None Occupancy: 62.5% Average Monthly Rent: $400.00 Approx. Cap Rate: 7.3% This is an out of state owner who is looking to liquidate a 235 unit portfolio in Baton Rouge, as a whole or in parts. So all offers welcome! Property is in the opportunity zone near LSU!

Last Agent to Sell the Property

Miguel Castro

Castro Real Estate Services, LLC License #995703492 Listed on: 11/13/2018

Last Buyer's Agent

Jarrod Brown

United Properties of Louisiana License #0995689596

United Properties of Louisiana

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,620

Lot Details

  • Lot Dimensions are 51x158x95x158
  • Wood Fence

Parking

  • 8 Parking Spaces

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Architectural Shingle Roof

Interior Spaces

  • 5,400 Sq Ft Home
  • 2-Story Property
  • Ceramic Tile Flooring
  • Electric Cooktop

Location

  • Mineral Rights

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,620

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Property Type: Apt Complex (5+ Units)
  • Number Stories: 2
  • Legal Description: Lot 30 College Park
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Ceramic Floor
  • Kitchen Features: Cooktop: Electric
  • Estimated Total Sq Ft: 5400
  • List Price T Sq Ft: 46.484259
  • Price Per Sq Ft: 46.3
  • Source Sq Ft: APPROXIMATE

Exterior Features

  • Foundation: Slab:Traditional Found
  • Roof: Architec. Shingle Roof
  • Siding: Brick Siding

Garage/Parking

  • Parking: Units Vary Parking
  • Tot Park Spcs: 8

Utilities

  • Cooling: Window Units Cool
  • Heating: Wall Unit(s) Heat
  • Water Sewer: Public Sewer, Public Water
  • Air Conditioning Units: 8

Lot Info

  • Lot Number: 30
  • Estimated Age: 41-50 Years
  • Fencing: Wood Fence
  • Lot: Cul-de-sac Lot
  • Lot Dimensions: 51x158x95x158
  • Mineral Rights: CONVEYED

Rental Info

  • Tenant Pays: Broadband Internet, Cable/Sat TV, Electric, Gas, Sewer, Trash, Water

Tax Info

  • Tax Database Id: 1
  • Assessor Parcel Number: 22033-00491047

Multi Family

  • Heat Units: 8
  • Indiv Metered: Yes
  • Units: 8

MLS Schools

  • School System: East Baton Rouge

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2018
Closed on
Apr 15, 2019
Sold by
West Chimes Place Llc
Bought by
Warren-Guy Property Management Br Llc
Seller's Agent
Miguel Castro
Castro Real Estate Services, LLC
Buyer's Agent
Jarrod Brown
United Properties of Louisiana
List Price
$251,015
Current Estimated Value
$338,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.76%
Original Mortgage
$50,000,000
Outstanding Balance
$43,958,887
Interest Rate
4.3%
Mortgage Type
Commercial
Estimated Equity
-$43,620,873

Purchase Details

Closed on
Jun 29, 2001
Sold by
M E O Investment Co L L C
Bought by
Stone Resources Llc

Purchase Details

Closed on
Nov 10, 2000
Sold by
Gomes Drex Cameron and Gomes Katherine Cotten
Bought by
Accardo Philip G and Accardo Deborah Dixon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500
Interest Rate
6.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Warren-Guy Property Management Br Llc $250,000 Attorney
Stone Resources Llc $897 --
Accardo Philip G $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren-Guy Property Management Br Llc $50,000,000
Previous Owner Accardo Philip G $15,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2019 04/16/19 Sold -- -- --
01/07/2019 01/07/19 For Sale $251,015 0.0% $46 / Sq Ft
01/01/2019 01/01/19 Off Market -- -- --
12/27/2018 12/27/18 Price Changed $251,015 -10.0% $46 / Sq Ft
11/13/2018 11/13/18 For Sale $278,906 -- $52 / Sq Ft
Source: Greater Baton Rouge Association of REALTORS®

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 $3,620 $30,000 $1,500 $28,500
2023 $3,620 $26,000 $1,500 $24,500
2022 $3,196 $26,000 $1,500 $24,500
2021 $3,125 $26,000 $1,500 $24,500
2020 $3,096 $26,000 $1,500 $24,500
2019 $2,499 $20,050 $1,500 $18,550
2018 $2,469 $20,050 $1,500 $18,550
2017 $2,469 $20,050 $1,500 $18,550
2016 $2,409 $20,050 $1,500 $18,550
2015 $2,345 $19,500 $1,500 $18,000
2014 $2,335 $19,500 $1,500 $18,000
2013 -- $19,500 $1,500 $18,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Baton Rouge Association of REALTORS®

MLS Number: 2018018848

Greater Baton Rouge Association of REALTORS®

APN: 00491047