NOT LISTED FOR SALE

197 2nd St Bridge City, LA 70094

Estimated Value: $150,000 - $250,000

Studio
4 Baths
2,750 Sq Ft
$73/Sq Ft Est. Value

Last Sold January 08, 2019

Current estimated payment $1,113/month

7 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Fenced
  • Ray St. Pierre Academy for Advanced Studies Rated A-

About This Home

As of January 2019

Excellent Investment Opportunity for a 3 Unit, 2 story home near the Huey P. Long bridge! Two of the units are each 3 bed rooms / 1.5 Bath, while there is a smaller 1 bed room rear unit. Will need some misc. repairs to have utilities activated. Sold in as-is condition. Great income potential once fully rented. This property may qualify for Seller Financing. Property was built prior to 1978 and lead based paint may potentially exist. Seller requires proof of funds be submitted with all offers.

Last Agent to Sell the Property

David Reso

Audubon Realty, LLC License #NOM:000014419 Listed on: 11/14/2018

Co-Listed By

Joanna Szamalek

Audubon Realty, LLC License #NOM:995694500

Last Buyer's Agent

Robin Franks

First Source Realty, LLC License #NOM:000040870

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1993

Lot Details

  • 5,576 Sq Ft Lot
  • Lot Dimensions are 50x100
  • Fenced
  • Irregular Lot
  • Property is in below average condition

Parking

  • Driveway

Home Design

  • Triplex
  • Traditional Architecture
  • Fixer Upper
  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,750 Sq Ft Home
  • 2-Story Property

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Natural Gas Not Available
  • Internet Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 700941972NDST

Property Details

Home Type

Multi-Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 3 Plex
  • Style: Traditional
  • Condition: Fair
  • ADA Features: No
  • Legal Description: LOT 35 SQ 2 BELT BRIDGE
  • Lp Amt Sq Ft: 42.45
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Year Renovated: 1993
  • Age: 25
  • Age Description: Fixer Upper
  • Age Description 2: Age Unknown
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1993

Interior Features

  • Estimated Living Area: 2750
  • Total Sq Ft: 2750

Exterior Features

  • Pool Type: None
  • Exterior: Vinyl Siding
  • ExteriorFeatures: Fence
  • Foundation: Slab
  • Roof Type: Asphalt

Garage/Parking

  • Car Storage: Driveway Only
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Type: None
  • Heating: Central
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Acres: 0.1280
  • Elevation Certificate: No
  • Lot Description: Irregular
  • Lot Size: 50x100
  • Parcel #: 700941972NDST

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Units: 3
  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Jan 2, 2019
Sold by
Secretary Of Veterans Affairs
Bought by
Lopez Samuel and Lopez Erlin S
Seller's Agent
David Reso
Audubon Realty, LLC
Buyer's Agent
Robin Franks
First Source Realty, LLC
List Price
$116,750
Current Estimated Value
$200,019

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$102,000
Outstanding Balance
$90,039
Interest Rate
4.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$109,980

Purchase Details

Closed on
Oct 9, 2018
Sold by
Caliber Homes Loans Inc
Bought by
The Secretar Of Veterans Affairs

Purchase Details

Closed on
Sep 26, 2018
Sold by
Canoy James Earl
Bought by
Caliber Homes Loans Inc

Purchase Details

Closed on
Aug 11, 2015
Sold by
Second Street Holding Trust
Bought by
Canoy James Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,117
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2012
Sold by
Aghakasiri Hossein
Bought by
Essam Asset Buyers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 18, 2011
Sold by
Deutsche Bank Natl Tr Co
Bought by
Aghakasiri Hossein
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lopez Samuel $120,000 Supreme Title Of La Inc
The Secretar Of Veterans Affairs $75,000 None Available
Caliber Homes Loans Inc $75,000 None Available
Canoy James Earl $145,000 None Available
Essam Asset Buyers Llc $45,000 --
Aghakasiri Hossein $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lopez Samuel $102,000
Previous Owner Canoy James Earl $148,117
Previous Owner Essam Asset Buyers Llc $35,000
Previous Owner Essam Asset Buyers Llc $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2019 01/08/19 Sold -- -- --
11/21/2018 11/21/18 Pending -- -- --
11/14/2018 11/14/18 For Sale $116,750 -- $42 / Sq Ft
Source: Gulf South Real Estate Information Network

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 $880 $15,260 $1,670 $13,590
2023 $2,046 $14,920 $1,670 $13,250
2022 $1,997 $14,920 $1,670 $13,250
2021 $1,887 $14,920 $1,670 $13,250
2020 $1,875 $14,920 $1,670 $13,250
2019 $1,882 $14,500 $1,670 $12,830
2018 $1,761 $14,500 $1,670 $12,830
2017 $1,698 $14,500 $1,670 $12,830
2016 $1,670 $14,500 $1,670 $12,830
2015 $1,420 $12,320 $1,670 $10,650
2014 $1,420 $12,320 $1,670 $10,650
Source: Public Records

Agents Affiliated with this Home

  • David Reso

    Seller's Agent in 2019

    David Reso

    Audubon Realty, LLC

    (228) 697-6544

    2 in this area

    298 Total Sales

    David Reso
    Section Image

  • J

    Seller Co-Listing Agent in 2019

    Joanna Szamalek

    Audubon Realty, LLC

    40 Total Sales

    Joanna Szamalek
    Section Image
  • Robin Franks

    Buyer's Agent in 2019

    Robin Franks

    First Source Realty, LLC

    (985) 210-0486

    64 Total Sales

    Robin Franks
    Section Image
See All Agents

Map

Source: Gulf South Real Estate Information Network

MLS Number: 2181073

Gulf South Real Estate Information Network

APN: 8500005184

Louisiana Jefferson Parish Bridge City 70094

197 2nd St, Bridge City, LA

Not Listed for Sale

MultiFamily

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