NOT LISTED FOR SALE

304 Vieux Orleans Cir Unit A,B,C,D Lafayette, LA 70508

Pilette Neighborhood

Estimated Value: $233,000 - $309,625

1 Bed
1 Bath
61,892 Sq Ft
$5/Sq Ft Est. Value

Last Sold April 03, 2020

Current estimated payment $1,596/month

10 Days on Market

Highlights

  • Deck
  • Walk-In Closet
  • Central Air
  • 8 Car Detached Garage
  • Ceramic Tile Flooring
  • Washer and Dryer

About This Home

As of April 2020

Calling all investors. This is an amazing opportunity to earn income. A four-plex with stable income. There are 2 complexes located off of Verot School Rd near Pinhook. The other complex is 306 Vieux Orleans. Unit 304 and 306 has newer A/C units and new roofs. All appliances remain with the units that the seller owns. In 304 complex, all units have 1BR/1BA with 618sq ft in each unit. Tenants pay electric and trash. Owner pays water and sewer. The average water and sewer runs about $125 per month for the entire complex. Don't miss out on this opportunity! Call today for your private showing.

Last Agent to Sell the Property

Jody Flippin

Keller Williams Realty Acadiana Listed on: 02/08/2020

Last Buyer's Agent

Brady Lerille

Dwight W. Andrus Real Est, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,114

Lot Details

  • Level Lot

Parking

  • 8 Car Detached Garage

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 61,892 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Washer and Dryer

Kitchen

  • Electric Cooktop
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Exterior Lighting

Schools

  • Drexel Elementary School
  • Broussard Middle School
  • Comeaux High School

Utilities

  • Central Air
  • Multiple Heating Units

Listing and Financial Details

  • Total Actual Rent $525
  • Tenant pays for electricity, water
  • The owner pays for sewer, water
  • Tax Lot 42

Community Details

Overview

  • 4 Units
  • Vieux Orleans Condos
  • Vieux Orleans Subdivision

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,000
  • Maintenance Expense $1,565
  • Other Expense $597
  • New Taxes Expense $1,138
  • Operating Expense $4,760
  • Gross Income $24,600
  • Net Operating Income $19,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,114

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: irreg
  • CapRate: 0.172521
  • Subdivision Name: Vieux Orleans
  • Directions: Pinhook take a right onto Verot School Rd, left on Pillette, Right on Vieux Orleans, Property on the left.
  • Building Name: Vieux Orleans
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 2

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Refrigerator, Electric Cooktop, Unit 1 Washer/Dryer
  • Owner Pays: Sewer, Water
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Ceramic Tile, Other, Carpet
  • Interior Amenities: Master Bath, Walk-In Closet(s), Unit 1(Eat-in Kitchen,Master Bedroom,Walk-in Closet)
  • Living Area: 61892
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Owner

Exterior Features

  • Lot Features: Level
  • Construction Type: Frame, Brick Veneer, Vinyl Siding
  • Exterior Features: Lighting
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Property Condition: 21 - 30 Years
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached
  • Total Parking Spaces: 8

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central,Electric, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Drexel
  • High School: Comeaux
  • Middle Or Junior School: Broussard

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 24600
  • Insurance Expense: 1000
  • Maintenance Expense: 1565
  • Property Net Operating Income: 19840
  • Number Of Units Leased: 1
  • Annual Operating Expense: 4760
  • Total Actual Rent: 525
  • Income And Expenses Vacancy Allowance: 1

Tax Info

  • New Taxes Expense: 1137.86
  • Tax Lot: 42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Apr 3, 2020
Sold by
Henderson Jack Leroy and Henderson Frances Gayle
Bought by
Russo Investments Llc
Seller's Agent
Jody Flippin
Keller Williams Realty Acadiana
Buyer's Agent
Brady Lerille
Dwight W. Andrus Real Est, LLC
List Price
$140,000
Current Estimated Value
$286,656

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.78%
Original Mortgage
$263,533
Outstanding Balance
$232,567
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$54,089
Source: Public Records

Range of Values:

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Average Value
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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
Russo Investments Llc $260,000 Standard Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russo Investments Llc $263,533
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/03/2020 04/03/20 Sold -- -- --
02/19/2020 02/19/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $140,000 -- $2 / Sq Ft
Source: REALTOR® Association of Acadiana

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 $1,114 $10,590 $1,665 $8,925
2023 $1,114 $10,165 $1,665 $8,500
2022 $1,064 $10,165 $1,665 $8,500
2021 $1,067 $10,165 $1,665 $8,500
2020 $1,064 $10,165 $1,665 $8,500
2019 $919 $11,150 $1,665 $9,485
2018 $1,138 $11,150 $1,665 $9,485
2017 $1,137 $11,150 $670 $10,480
2015 $1,118 $11,150 $670 $10,480
2013 -- $10,980 $500 $10,480
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jody Flippin

    Keller Williams Realty Acadiana

  • B

    Buyer's Agent in 2020

    Brady Lerille

    Dwight W. Andrus Real Est, LLC

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Map

Source: REALTOR® Association of Acadiana

MLS Number: 20001308

REALTOR® Association of Acadiana

APN: 6025895

Louisiana Lafayette Parish Lafayette 70508 Pilette

304 Vieux Orleans Cir Unit A,B,C,D, Lafayette, LA

This home is located at 304 Vieux Orleans Cir Unit A,B,C,D, Lafayette, LA 70508 since 08 February 2020 and is currently estimated at $286,656, approximately $4 per square foot. 304 Vieux Orleans Cir Unit A,B,C,D is a home located in Lafayette Parish with nearby schools including Katharine Drexel Elementary School, Broussard Middle School, and O. Comeaux High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Acadiana The data relating to real estate for sale on this web site comes in part from the IDX Program of the REALTOR® Association of Acadiana’ MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed accurate.

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