$439,000
SOLD MAR 22, 2018
Last list price

178-184 Trace Loop Mandeville, LA 70448

12 Beds
8 Baths
4,031 Sq Ft
0.27 Acres

Recently Sold

$109 Per Sq Ft

24 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Rectangular Lot
  • Woodlake Elementary School Rated A-
  • Property is in very good condition

About This Home

As of August 2024

INVESTOR SPECIAL! Fully rented 4-plex in demand Greenleaves neighborhood, 2 units up/2 down, all w/3 br, 2 ba, and fireplace, all units w/frig/washer/dryer, clean well maintained property attracting long-term tenants, new roof after Katrina, new vinyl siding 2 yrs ago, 2 kitchens are newer, front yard partially fenced common area for BBQ's, etc, 1 assigned covered parking space and 1 open per unit, rents are under valued for a 3/2 apt in Mandeville so vacancies are few and don't last, but still has 8% ROI

Last Agent to Sell the Property

Mark Lemus

CBTEC BEAU CHENE License #000027189 Listed on: 01/26/2018

CBTEC BEAU CHENE

Last Buyer's Agent

Louise Brady

REVE, REALTORS License #000054041

REVE, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,508

Year Built

  • Built in 1988

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 100x120
  • Rectangular Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,031 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Full Bathrooms

Parking

  • Covered Parking
  • Parking Lot

Schools

  • Woodlake Elementary School
  • Mandeville Middle School
  • Fontainebleau High School

Additional Features

  • Outside City Limits
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Greenleaves Trace Subdivision

Listing and Financial Details

  • Tenant pays for electricity, water
  • Assessor Parcel Number 70448178-184TraceLP

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,508

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.27
  • Lot Size: 100x120
  • Subdivision Name: Greenleaves Trace
  • Directions: Greenleaves Blvd to entrance to Trace Loop
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 30
  • Year Built: 1988
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2
  • Year Built: 1988

Interior Features

  • Full Bathrooms: 8
  • Total Bedrooms: 12
  • Living Area: 4031.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Outside City Limits, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Very Good Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Covered, Parking Lot

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Quarterly

Schools

  • Elementary School: Woodlake
  • High School: Fontainebleau
  • Middle Or Junior School: Mandeville

Lot Info

  • Parcel #: 70448178-184TraceLP
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2024
Closed on
Aug 12, 2024
Sold by
Knot N Titled Investment Group Llc
Bought by
Ming & Xia Llc
Seller's Agent
Louise Brady
REVE, REALTORS
Buyer's Agent
Cindy Ng
Appletree Realty, LLC
List Price
$589,000
Sold Price
$500,000
Premium/Discount to List
-$89,000
-15.11%
Total Days on Market
24
Views
8
Current Estimated Value
$431,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,664
Avg. Annual Appreciation
-16.49%
Original Mortgage
$375,000
Outstanding Balance
$372,421
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$58,915

Purchase Details

Listed on
Jan 26, 2018
Closed on
Mar 22, 2018
Sold by
Gtm Engineering & Mgmt Llc
Bought by
Knot N Titled Inv Group Llc
Seller's Agent
Mark Lemus
CBTEC BEAU CHENE
Buyer's Agent
Louise Brady
REVE, REALTORS
List Price
$439,000
Sold Price
$430,500
Premium/Discount to List
-$8,500
-1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.37%
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 Type Sale Price Title Company
Deed $500,000 Le Fleur De Lis Title
Deed $430,500 Crescent Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2024 08/12/24 Sold -- -- --
08/09/2024 08/09/24 Pending -- -- --
06/19/2024 06/19/24 For Sale $589,000 +34.2% $145 / Sq Ft
03/22/2018 03/22/18 Sold -- -- --
02/20/2018 02/20/18 Pending -- -- --
01/26/2018 01/26/18 For Sale $439,000 -- $109 / 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 $4,508 $36,242 $6,000 $30,242
2023 $4,508 $35,282 $6,000 $29,282
2022 $467,663 $35,282 $6,000 $29,282
2021 $4,668 $35,282 $6,000 $29,282
2020 $4,663 $35,282 $6,000 $29,282
2019 $4,417 $32,219 $6,000 $26,219
2018 $4,423 $32,219 $6,000 $26,219
2017 $4,465 $32,219 $6,000 $26,219
2016 $4,500 $32,219 $6,000 $26,219
2015 $4,244 $29,578 $6,000 $23,578
2014 $4,199 $29,578 $6,000 $23,578
2013 -- $29,578 $6,000 $23,578
Source: Public Records

Agents Affiliated with this Home

  • Louise Brady

    Seller's Agent in 2024

    Louise Brady

    REVE, REALTORS

    (504) 782-1441

    189 Total Sales

    Louise Brady
    Section Image
  • Allison Panter

    Seller Co-Listing Agent in 2024

    Allison Panter

    REVE, REALTORS

    (303) 709-7444

    79 Total Sales

    Allison Panter
    Section Image

  • C

    Buyer's Agent in 2024

    Cindy Ng

    Appletree Realty, LLC

    (504) 272-7288

    96 Total Sales

    Cindy Ng
    Section Image
  • Mark Lemus

    Seller's Agent in 2018

    Mark Lemus

    CBTEC BEAU CHENE

    (985) 966-1552

    60 Total Sales

    Mark Lemus
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2139177

APN: 46591

Louisiana St Tammany Parish Mandeville 70448

178-184 Trace Loop, Mandeville, LA

This home is located at 178-184 Trace Loop, Mandeville, LA 70448 and is currently estimated at $439,000, approximately $108 per square foot. This property was built in 1988. 178-184 Trace Loop is a home located in St. Tammany Parish with nearby schools including Woodlake Elementary School, Mandeville Middle School, and Fontainebleau Junior High School.

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