NOT LISTED FOR SALE

13218 Highway 40 Folsom, LA 70437

Estimated Value: $226,000 - $714,000

8 Beds
8 Baths
3,840 Sq Ft
$99/Sq Ft Est. Value

Last Sold May 06, 2020

Current estimated payment $2,262/month

115 Days on Market

Highlights

  • 38 Acre Lot
  • Porch
  • Rectangular Lot
  • Folsom Junior High School Rated A
  • Window Unit Cooling System
  • Wood Siding

About This Home

As of May 2020

Great Investment opportunity w/tremendous potential! This property consists of 2 Four-Plexes, total of 8 Units, being sold all together. Buildings are very similar, however, built at different times. Units 1,3,5 & 7 were built 1st, Units 2,4,6 & 8 were built a couple years later. Located just outside Folsom city limits behind the Rec Park. Currently leased below market value allowing for lots of room for growth. Being sold As Is. Seller will make no repairs or improvements. Bring all offers. Flood zone X.

Last Agent to Sell the Property

Michelle Pennino

REMAX ALLIANCE License #000076925 Listed on: 12/12/2019

REMAX ALLIANCE

Last Buyer's Agent

Brittany Jenkins

Dempsey Rogers, Inc. License #995687553

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,427

Year Built

  • Built in 1981

Lot Details

  • 38 Acre Lot
  • Lot Dimensions are 140x120x140x120
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3,840 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Schools

  • Folsom Elementary And Middle School
  • Covington High School

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Well
  • Septic Tank

Additional Features

  • Porch
  • Outside City Limits

Community Details

  • 8 Units
  • Not A Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Tax Lot 1, 2
  • Assessor Parcel Number 7043713218Garfield(Hwy40)ST1,2

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,427

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 38.0
  • Lot Size: 140x120x140x120
  • Subdivision Name: Not a Subdivision
  • Directions: N into Folsom on Hwy 25, L at the 1st light onto Garfield (Hwy 40), L on lane betwn Bridles & Britches & Front Apartments. At end on L
  • Architectural Style: Ranch
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 39
  • Year Built: 1981
  • Property Sub Type Additional: Apartment
  • Special Features: None
  • Stories: 1
  • Year Built: 1981

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Living Area: 3840.0

Exterior Features

  • Lot Features: Outside City Limits, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Porch
  • Property Condition: Average Condition, Resale
  • Roof: Metal, Shingle

Garage/Parking

  • Parking Features: Driveway, Three or more Spaces

Utilities

  • Laundry Features: None
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Schools

  • Elementary School: Folsom
  • High School: Covington
  • Middle Or Junior School: Folsom

Lot Info

  • Parcel #: 7043713218Garfield(Hwy40)ST1,2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Lot: 1, 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
May 6, 2020
Sold by
Seal Kenneth D
Bought by
Herberger Marcie M
Seller's Agent
Michelle Pennino
REMAX ALLIANCE
Buyer's Agent
Brittany Jenkins
Dempsey Rogers, Inc.
List Price
$250,000
Current Estimated Value
$378,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%
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
Herberger Marcie M $200,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2020 05/06/20 Sold -- -- --
04/06/2020 04/06/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $250,000 -- $65 / 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 $2,427 $18,904 $2,000 $16,904
2023 $2,427 $16,384 $2,000 $14,384
2022 $228,527 $16,384 $2,000 $14,384
2021 $2,281 $16,384 $2,000 $14,384
2020 $1,701 $12,187 $3,105 $9,082
2019 $1,748 $12,187 $3,105 $9,082
2018 $1,750 $12,187 $3,105 $9,082
2017 $1,782 $12,187 $3,105 $9,082
2016 $1,790 $12,187 $3,105 $9,082
2015 $1,758 $11,775 $3,000 $8,775
2014 $1,742 $11,775 $3,000 $8,775
2013 -- $11,775 $3,000 $8,775
Source: Public Records

Agents Affiliated with this Home

  • Michelle Pennino

    Seller's Agent in 2020

    Michelle Pennino

    RE/MAX

    (985) 502-1787

    83 Total Sales

    Michelle Pennino
    Section Image

  • B

    Buyer's Agent in 2020

    Brittany Jenkins

    Dempsey Rogers, Inc.

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2231992

APN: 15437

Louisiana St Tammany Parish Folsom 70437

13218 Highway 40, Folsom, LA

This home is located at 13218 Highway 40, Folsom, LA 70437 since 12 December 2019 and is currently estimated at $378,744, approximately $98 per square foot. This property was built in 1981. 13218 Highway 40 is a home located in St. Tammany Parish with nearby schools including Folsom Elementary School, Folsom Junior High School, and Covington High School.

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