Seller's Agent in 2017
Joel Colvin
eXp Realty, LLC
130 Rodeo Rd Ruston, LA 71270
Estimated Value: $212,000 - $265,468
7
Beds
4
Baths
3,352
Sq Ft
$69/Sq Ft
Est. Value
Highlights
- Fruit Trees
- Screened Porch
- Kennel or Dog Run
- Glen View Elementary School Rated A
- Cooling System Mounted To A Wall/Window
- Outdoor Storage
About This Home
As of July 2017This Multi-Unit Residential Property presents an Investment Opportunity to get into the Booming Ruston Multi-Family Residential Income Market! With the anticipated growth of student enrollment at Louisiana Tech, combined with a shortage of available housing makes this 4.2 acre site an excellent choice for a new multi-family development of Duplex's, Triplex's, Fourplex's, Fiveplex's or Multi-Unit Apartment Complex, or new buyer could just add additional rental units to property (i.e. mobile homes or site built structures of their choosing). This location is not only convenient to LA Tech, but GSU as well, located just outside the Ruston city limits, with no zoning restrictions on the property. Located only 3/10ths of a mile from LA Tech’s South Campus and Lincoln Parish Fire Protection District’s Tech Farm Fire Station. The rental properties on site consist of a 1,424 Sq. Ft. 3 Bedroom/2 Bath house with Vinyl Siding at 2295 Hwy 3061, a 1,028 Sq. Ft. 2 Bedroom/1 Bath house with Aluminum Siding at 130 Rodeo Rd and a 900 Sq. Ft. 2 Bedroom/1 Bath house with Vinyl Siding at 140 Rodeo Rd and a 384 Sq. Ft. Workshop/Storage Building with 1/2 Bath at 2285 Hwy 3061. The three (3) single family detached homes presently on this property are producing $1,400 per month in rental income. There are also three (3) existing mobile home spaces with hook-ups (Electric, Gas, Water, etc) on-site that could be utilized and brought back in operation for additional rental income. All Utilities On-Site: High Speed Broadband Internet, Cable TV & Phone available through Suddenlink, Centerpoint provides the Natural Gas, Claiborne Electric Co-Op provides the Electricity and Water is provided by the Wesley Chapel Water System.
Last Listed By
Joel Colvin
eXp Realty, LLC License #0000048696 Listed on: 04/06/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,393
Year Built
- 1955
Lot Details
- 4.2 Acre Lot
- Kennel or Dog Run
- Fruit Trees
Home Design
- Pillar, Post or Pier Foundation
- Slab Foundation
- Frame Construction
- Asphalt Shingled Roof
- Metal Roof
- Metal Siding
- Vinyl Siding
- Masonite
Interior Spaces
- Ceiling Fan
- Fireplace With Gas Starter
- Fireplace Features Masonry
- Living Room with Fireplace
- Screened Porch
- Fire and Smoke Detector
Kitchen
- Gas Oven
- Gas Range
- Range Hood
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Covered Space
- Gravel Driveway
Outdoor Features
- Patio
- Exterior Lighting
- Outdoor Storage
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Uses Natural Gas
- Separate Meters
- Water Tap Fee Is Paid
- Well
- Natural Gas Water Heater
- Septic Tank
- Private Sewer
- Cable TV Available
Community Details
- Gross Income $1,400
Listing and Financial Details
- Assessor Parcel Number 03173REO013
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 6, 2017
Closed on
Aug 4, 2017
Sold by
Miller James Edward
Bought by
Ruston Holdings Llc
Seller's Agent
Joel Colvin
eXp Realty, LLC
Buyer's Agent
Joel Colvin
eXp Realty, LLC
List Price
$199,500
Sold Price
$172,500
Premium/Discount to List
-$27,000
-13.53%
Total Days on Market
81
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,867
Purchase Details
Closed on
Jan 19, 2008
Sold by
Powell Rebecca Stephenson and Stephenson William Edward
Bought by
Miller James Edward
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ruston Holdings Llc | $172,500 | None Available | |
| Miller James Edward | $124,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/04/2017 07/04/17 | Sold | -- | -- | -- |
| 06/26/2017 06/26/17 | Pending | -- | -- | -- |
| 04/06/2017 04/06/17 | For Sale | $199,500 | -- | $60 / Sq Ft |
Source: Northeast REALTORS® of Louisiana
Tax History Compared to Growth
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 | $2,393 | $25,458 | $852 | $24,606 |
| 2023 | $2,289 | $22,510 | $2,991 | $19,519 |
| 2022 | $2,433 | $24,132 | $2,991 | $21,141 |
| 2021 | $2,273 | $24,132 | $2,991 | $21,141 |
| 2020 | $1,970 | $20,987 | $2,991 | $17,996 |
| 2019 | $1,928 | $20,987 | $2,991 | $17,996 |
| 2018 | $1,575 | $17,743 | $2,991 | $14,752 |
| 2017 | $1,578 | $17,743 | $2,991 | $14,752 |
| 2016 | $1,590 | $0 | $0 | $0 |
| 2015 | $1,897 | $18,557 | $2,700 | $15,857 |
| 2013 | $1,949 | $18,902 | $2,700 | $16,202 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Northeast REALTORS® of Louisiana
MLS Number: 176972
APN: 9287
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