$495,000
$57K PRICE DROP

1407 Memory Ln Houma, LA 70363

Estimated payment $2,709/month

Total Views 4,682
-- Bed
-- Bath
6,840 Sq Ft
$72 Price per Sq Ft

Highlights

  • Porch
  • Tile Flooring
  • Ceiling Fan
  • Acadian Elementary School Rated 9+
  • Central Air
  • Partially Fenced Property

About This Home

Property has been managed by Listing Office/Agent since 1995. Roof replaced after Hurricane Ida. Some units were unlivable after Ida and received major renovations. Others were not as damaged, remained livable but repaired. Length of occupancy ranges from 1-22 years; most are 7 plus years. Property has been maintained with repairs being made as needed including electrical, plumbing, painting, central unit replacements, etc.

Listing Agent

Teresa W Domangue

FOUR STAR REAL ESTATE, INC License #44667 Listed on: 12/17/2024

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 100 x 148
  • Partially Fenced Property
  • Chain Link Fence

Home Design

  • Brick Exterior Construction
  • Slab Foundation

Interior Spaces

  • 6,840 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Parking

  • 10 Parking Spaces
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Utilities

  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, trash collection, water
  • Tax Lot 10-A & 10-B

Community Details

Overview

  • 8 Units
  • Barrow Subdivision

Building Details

  • Insurance Expense $13,172
  • New Taxes Expense $1,662

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.3
  • Lot Size: 100 x 148
  • Subdivision Name: Barrow
  • Directions: Turn onto Dixie Ave from Grand Caillou Road (Next to Taco Bell)/ Veer right at fork on to Richmond Ave. Turn right onto Memory Lane. Eight unit complex (Two buildings of four units each) will be on the left appx. one block from the end of Richmond Ave.
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • List_136: 90.687066
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Appliances: Refrigerator
  • Other Equipment: Other
  • Owner Pays: Sewer, Trash Collection, Water
  • Flooring: Tile
  • Interior Amenities: Ceiling Fan(s)

Exterior Features

  • Fencing: Chain Link, Other, Partial
  • Construction Type: Brick
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Assigned, Parking Lot
  • Total Parking Spaces: 10

Utilities

  • Cooling: Ceiling Fan(s),Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Utilities: Cable Available

Schools

  • Junior High Dist: Terrebonne Parish

Lot Info

  • Lot Size Sq Ft: 13068

Rental Info

  • Tenant Pays: Cable/Sat TV, Electricity

Multi Family

  • Number Of Units Total: 8
  • Insurance Expense: 13172

Tax Info

  • New Taxes Expense: 1662
  • Tax Lot: 10-A & 10-B

Map

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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 $1,630 $17,370 $1,610 $15,760
2023 $1,662 $16,540 $1,530 $15,010
2022 $1,538 $16,540 $1,530 $15,010
2021 $1,364 $15,040 $1,530 $13,510
2020 $1,422 $16,540 $1,530 $15,010
2019 $1,548 $16,540 $1,530 $15,010
2018 $1,570 $16,470 $1,460 $15,010
2017 $1,581 $16,470 $1,460 $15,010
2015 $1,294 $16,405 $1,395 $15,010
2014 $1,558 $16,405 $0 $0
2013 $1,561 $16,405 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2025 12/16/25 Price Changed $495,000 -8.3% $72 / Sq Ft
06/11/2025 06/11/25 Price Changed $540,000 -2.2% $79 / Sq Ft
12/17/2024 12/17/24 For Sale $552,000 -- $81 / Sq Ft
Source: Bayou Board of REALTORS

Source: Bayou Board of REALTORS

MLS Number: BY2024022414