NOT LISTED FOR SALE

1216 Gerard St Mandeville, LA 70448

Estimated Value: $2,717,676

Studio
-- Bath
999 Sq Ft
$2,720/Sq Ft Est. Value

Last Sold July 17, 2015

Current estimated payment $15,498/month

356 Days on Market

Highlights

  • 1.5 Acre Lot
  • Lake Harbor Middle School Rated A
  • Rectangular Lot

About This Home

As of July 2015

1.5 acres commercial property with 211' highway frontage on Hwy 59, North of Florida St. Area has new commercial development including light retail and professional offices.

Last Agent to Sell the Property

Khalid Alahmed

United Real Estate Partners License #000059538 Listed on: 06/25/2014

Last Buyer's Agent

NON MEMBER

NON-MLS MEMBER

Property Details

Property Type

  • Other

Lot Details

  • 1.5 Acre Lot
  • Lot Dimensions are 211 x 236 x 281 x 92 x 102 x 1
  • Rectangular Lot
  • Zoning described as HwyCom

Utilities

  • Well
  • Septic Tank

Additional Features

  • 999 Sq Ft Home
  • City Lot

Community Details

  • Not A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 704481216GERARDST

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 1.5
  • Lot Size: 211 x 236 x 281 x 92 x 102 x 1
  • Subdivision Name: Not a Subdivision
  • Directions: From Florida St., go N on Hwy 59, prop on L between Caroline & McNamara
  • New Construction: No
  • Structure Type: None
  • Year Built Details: 999
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Living Area: 999.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Property Condition: Resale

Utilities

  • Sewer: Septic Tank
  • Water Source: Well

Lot Info

  • Parcel #: 704481216GERARDST
  • Zoning Description: HwyCom
  • Zoning: HwyCom
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2019
Sold by
Mandeville Relo Dg Llc
Bought by
Exchangeright Net Lp 30 Dst
Current Estimated Value
$2,717,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,342,800
Outstanding Balance
$53,848,872
Interest Rate
3.6%
Mortgage Type
Commercial
Estimated Equity
-$51,131,196

Purchase Details

Listed on
Jun 25, 2014
Closed on
Jul 17, 2015
Sold by
Stout Darlene R and Stout Fred A
Bought by
Mandeville Relo Dg Llc
Seller's Agent
Khalid Alahmed
United Real Estate Partners
Buyer's Agent
NON MEMBER
NON-MLS MEMBER
List Price
$569,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.38%
Original Mortgage
$50,000,000
Interest Rate
4.07%
Mortgage Type
Commercial
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
Exchangeright Net Lp 30 Dst $2,062,769 First National Financial Tit
Mandeville Relo Dg Llc $550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Exchangeright Net Lp 30 Dst $61,342,800
Previous Owner Mandeville Relo Dg Llc $50,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2015 07/17/15 Sold -- -- --
06/17/2015 06/17/15 Pending -- -- --
06/25/2014 06/25/14 For Sale $569,000 -- $570 / 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 $16,637 $90,014 $0 $90,014
2023 $17,250 $138,684 $48,670 $90,014
2022 $1,838,256 $138,684 $48,670 $90,014
2021 $18,348 $138,684 $48,670 $90,014
2020 $18,328 $138,684 $48,670 $90,014
2019 $16,444 $119,952 $40,152 $79,800
2018 $16,468 $119,952 $40,152 $79,800
2017 $16,622 $119,952 $40,152 $79,800
2016 $2,046 $12,466 $8,165 $4,301
2015 $1,909 $11,401 $7,100 $4,301
2014 $1,888 $11,401 $7,100 $4,301
2013 -- $11,401 $7,100 $4,301
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Khalid Alahmed

    United Real Estate Partners

    (985) 898-5888

    12 in this area

    57 Total Sales

    Khalid Alahmed
    Section Image

  • N

    Buyer's Agent in 2015

    NON MEMBER

    NON-MLS MEMBER

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Map

Source: ROAM MLS

MLS Number: 995920

APN: 45981

Louisiana St Tammany Parish Mandeville 70448

1216 Gerard St, Mandeville, LA

Not Listed for Sale

Other

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