NOT LISTED FOR SALE

251 Barry Ave Jefferson, LA 70121

Estimated Value: $582,000 - $2,491,733

-- Bed
32 Baths
13,376 Sq Ft
$115/Sq Ft Est. Value

Last Sold October 10, 2023

Current estimated payment $8,505/month

77 Days on Market

Highlights

  • Window Unit Cooling System
  • Property is in excellent condition
  • Window Unit Heating System
  • Metairie Academy For Advanced Studies Rated A-

About This Home

As of October 2023

Riverside Commons is a thirty-two (32) complex recently renovated with new floors, counters, paint, appliances, fixtures, etc. One unit is utilized for laundry with multiple machines. ~90% occupied. Room to increase rents to average of $950/door. Newly paved parking lots on both sides of the building can fit approx 30 cars. Proximity to Ochsner campus on Jefferson Hwy + surrounding area provides a solid tenant base. This low maintenance, low turnover property is a fantastic stable long term hold asset for an investor’s portfolio. Please contact listing agent for rent roll, expenses, and any questions you may have as well as for showings. Do not disturb tenants, showings by appointment only!

Last Agent to Sell the Property

Mason McCullough

Bridgewater Realty Advisors, LLC License #995714063 Listed on: 07/24/2023

Last Buyer's Agent

ANDREW EVANS

REVE, REALTORS License #995705665

REVE, REALTORS

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $1,084

Year Built

  • Built in 2022

Lot Details

  • Irregular Lot
  • Property is in excellent condition

Home Design

  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Slab Foundation
  • Flat Roof with Façade front
  • Vinyl Siding

Interior Spaces

  • 32 Full Bathrooms
  • 13,376 Sq Ft Home
  • Property has 2 Levels

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Assessor Parcel Number per assessor

Property Details

Home Type

Apartment

Est. Annual Taxes

$1,084

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size: 27846
  • Architectural Style: Other
  • Entry Level: 2
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 2
  • Year Built: 2022
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Apartment
  • Special Features: NewHome
  • Stories: 2
  • Year Built: 2022

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 32
  • Living Area: 13376.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Slab
  • Property Condition: Excellent, Repairs Cosmetic, Resale
  • Roof: Flat

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: per assessor
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2023
Closed on
Oct 10, 2023
Sold by
251 Barry Ave Llc
Bought by
Barcellona Realty Llc
Seller's Agent
Mason McCullough
Bridgewater Realty Advisors, LLC
Buyer's Agent
ANDREW EVANS
REVE, REALTORS
List Price
$2,895,000
Views
151
Current Estimated Value
$1,536,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-24.17%
Original Mortgage
$1,200,000
Outstanding Balance
$1,182,017
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$354,850

Purchase Details

Closed on
Aug 20, 2021
Sold by
251 Barry Ave Llc
Bought by
Urban Crown Jules Llc

Purchase Details

Closed on
Jul 19, 2019
Sold by
Lmad Inc
Bought by
251 Barry Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,000
Interest Rate
3.82%
Mortgage Type
Future Advance Clause Open End Mortgage
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
Barcellona Realty Llc $2,550,000 Crescent Title
Urban Crown Jules Llc -- Fidelity National Title
251 Barry Ave Llc $700,000 Title Stream Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barcellona Realty Llc $1,200,000
Previous Owner 251 Barry Ave Llc $2,000,000
Previous Owner 251 Barry Ave Llc $976,000
Previous Owner 251 Barry Ave Llc $200,000
Previous Owner Lmad Inc $920,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2023 10/10/23 Sold -- -- --
07/24/2023 07/24/23 For Sale $2,895,000 -- $216 / 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 $1,084 $56,000 $6,120 $49,880
2023 $7,367 $56,000 $6,120 $49,880
2022 $7,174 $56,000 $6,120 $49,880
2021 $6,663 $56,000 $6,120 $49,880
2020 $6,616 $56,000 $6,120 $49,880
2019 $6,801 $56,000 $6,120 $49,880
2018 $6,350 $56,000 $6,120 $49,880
2017 $6,350 $56,000 $6,120 $49,880
2016 $6,964 $62,630 $6,120 $56,510
2015 $5,183 $46,080 $4,800 $41,280
2014 $5,183 $46,080 $4,800 $41,280
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2023

    Mason McCullough

    Bridgewater Realty Advisors, LLC

    (504) 274-2701

    1 in this area

    56 Total Sales

    Section Image

  • A

    Buyer's Agent in 2023

    ANDREW EVANS

    REVE, REALTORS

    (410) 310-2380

    1 in this area

    40 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2405482

APN: 0700004558

Louisiana Jefferson Parish Jefferson 70121

251 Barry Ave, Jefferson, LA

This home is located at 251 Barry Ave, Jefferson, LA 70121 since 24 July 2023 and is currently estimated at $1,536,867, approximately $114 per square foot. This property was built in 2022. 251 Barry Ave is a home located in Jefferson Parish with nearby schools including Jefferson Elementary School, Metairie Academy For Advanced Studies, and Riverdale High School.

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