NOT LISTED FOR SALE

2400 Cypress St Lake Charles, LA 70601

Estimated Value: $110,000 - $340,718

-- Bed
-- Bath
-- Sq Ft
1.37 Acres

Last Sold November 09, 2021

Current estimated payment $1,409/month

3 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Rectangular Lot
  • No HOA

About This Home

As of November 2021

Investor Special on this 17 unit hurricane damaged apartment complex. Amazing investment opportunity!! Seventeen units total. 1 - 3 bed/1 bath single family home, 1 - 2 bed / 1 bath single family townhome, 1 - 2 bed / 1.5 bath single family townhome, 10 - 2 bed / 1 bath apartments, 4 - 2 bed / 1.5 bath townhomes make up this collection of investment properties. Seller is selling the property as is and will make no repairs or provide any inspections. All units are vacant except for 2319 Creole and 2329 Creole Unit A these can not be shown. Flood Zone X. Centrally located on large lot with extra space to build more units. Parcels: 00910376, 00367885, 00474428, 00323985, 00474428A.

Last Listed By

Robbie Ingle

Coldwell Banker Ingle Safari Realty License #912122392 Listed on: 10/28/2021

Coldwell Banker Ingle Safari Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $395

Year Built

  • Built in 1982

Lot Details

  • 1.37 Acre Lot
  • No Common Walls
  • Rectangular Lot
  • 00367885,00474428,00323985,00474428a

Home Design

  • Traditional Architecture
  • Repairs Needed
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • Laundry Located Outside

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 00910376

Community Details

Overview

  • No Home Owners Association
  • 10 Buildings
  • 3 Units
  • 18,520 Sq Ft Building
  • Barbe Add Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 17 Separate Electric Meters
  • 10 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$395

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Architectural Style: Traditional
  • Total System: 18520.00
  • Levels: Two
  • PropertyAttachedYN: No
  • Registered: No
  • Year Built: 1982
  • Special Features: None

Interior Features

  • Appliances: None
  • Appliances: No
  • Square Footage: 18520.00
  • Fireplace Features: None
  • FireplaceYN: No
  • Lot Size Area: 1.3700
  • Price Per Square Foot: 18.90
  • Stories: 2

Exterior Features

  • Common Walls: No Common Walls
  • Construction Materials: Other
  • Foundation: Slab
  • Lot Features: Regular Lot
  • New Construction: No
  • Pool Features: None
  • Pool: No
  • Property Condition: Repairs Major
  • Roof: Shingle

Utilities

  • Electricity Provided By: Entergy
  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Laundry Features: Outside
  • Number Of Separate Electric Mete: 17
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Sewer Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Common Interest: None
  • Senior Community: No

Fee Information

  • Land Lease: No

Lot Info

  • Parcel Number: 00910376
  • Additional Parcels Description: 00367885,00474428,00323985,00474428a
  • Additional Parcels: Yes
  • Lot Size Acres: 1.3700
  • Lot Dimensions: 145 x 345.7 m/l
  • Lot Size Searchable: 59677.20
  • Lot Size Sq Ft: 59677.20

Building Info

  • Laundry: Yes

Rental Info

  • RentControlYN: No

Multi Family

  • Unit Count: 3
  • Elevation Units: Feet
  • NumberOfSeparateWaterMeters: 10
  • Number of Units: 17

Tax Info

  • TaxLegalDescription: @071008-2285-4 0001 0000 @071008-2285-4 X0010N 0000 -2400 CYPRESS ST- LOT 1 BLK 4 SUB OF N 1/2 BLK 10 BARBE ADD AND S 1/2 OF 50 FT ABANDONED ROAD N OF LOT 1 (RENTAL) REF1-OSCAR CLAYTON FERGUSON B 1610 P 88-81 REF2-FERGUSON, JEFFREY LYNN B 3026 P 812 B 3033 P 199-03 REF3-ASSESSED FERGUSON & FERGUSON INVESTMENTS LLC-04 see attached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2022
Sold by
Perez Construction Inc
Bought by
2400 Cypress Llc
Total Days on Market
3
Current Estimated Value
$245,930

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 10, 2021
Sold by
Cypress Living Llc
Bought by
Perez Construction
Seller's Agent
Robbie Ingle
Coldwell Banker Ingle Safari Realty
Buyer's Agent
Quinnetta Senegal
Coldwell Banker Ingle Safari Realty
List Price
$415,000
Sold Price
$350,000
Premium/Discount to List
-$65,000
-15.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.49%

Purchase Details

Listed on
Oct 28, 2021
Closed on
Nov 9, 2021
Sold by
Cypress Living Llc
Bought by
Perez Construction Inc
Seller's Agent
Robbie Ingle
Coldwell Banker Ingle Safari Realty
Buyer's Agent
Quinnetta Senegal
Coldwell Banker Ingle Safari Realty
List Price
$415,000
Sold Price
$350,000
Premium/Discount to List
-$65,000
-15.66%

Purchase Details

Listed on
Jan 23, 2020
Closed on
Mar 19, 2020
Sold by
Clayton & Donna Llc
Bought by
Cypress Living Llc
Seller's Agent
Larry Turner
CENTURY 21 Bessette Flavin
Buyer's Agent
Larry Turner
CENTURY 21 Bessette Flavin
List Price
$875,000
Sold Price
$700,000
Premium/Discount to List
-$175,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-34.64%
Original Mortgage
$595,000
Interest Rate
3.4%
Mortgage Type
Commercial

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
2400 Cypress Llc -- None Listed On Document
Perez Construction $350,000 None Listed On Document
Perez Construction Inc $350,000 None Available
Cypress Living Llc $700,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bayou Group Llc $0
Previous Owner Cypress Living Llc $595,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2021 11/09/21 Sold -- -- --
10/31/2021 10/31/21 Pending -- -- --
10/28/2021 10/28/21 For Sale $415,000 -52.6% --
03/23/2020 03/23/20 Sold -- -- --
02/06/2020 02/06/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $875,000 -- $47 / Sq Ft
Source: Greater Southern 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 $395 $4,120 $1,620 $2,500
2023 $395 $4,120 $1,620 $2,500
2022 $398 $4,120 $1,620 $2,500
2021 $345 $4,120 $1,620 $2,500
2020 $367 $3,810 $1,560 $2,250
2019 $386 $4,000 $1,500 $2,500
2018 $387 $4,000 $1,500 $2,500
2017 $390 $4,000 $1,500 $2,500
2016 $392 $4,000 $1,500 $2,500
2015 $394 $4,000 $1,500 $2,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Greater Southern MLS

MLS Number: SWL21009766

Greater Southern MLS

APN: 00910376