$244,000
SOLD NOV 26, 2024
Last list price

305 Cougar Ridge Lafayette, LA 70508

Pilette Neighborhood
5 Beds
5 Baths
2,579 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

95 Days on Market

Highlights

  • Central Heating and Cooling System
  • Ceiling Fan
  • Privacy Fence
  • Dining Room
  • 6 Car Garage
  • Level Lot

About This Home

As of November 2024

Prime Investment Opportunity - Fully Occupied Tri-Plex in Lafayette, LA. Discover this incredible investment opportunity in the heart of Lafayette. Perfect for first-time investors, this fully occupied tri-plex offers immediate rental income with all units currently rented. Recently refreshed by the current owner, each unit is rent-ready. Situated in a desirable location close to shopping, dining, and entertainment, this property ensures high tenant demand. With two 2-bed/2-bath and one 1-bed/1-bath units, ample parking, and fenced outdoor spaces, this tri-plex is designed for tenant comfort and convenience. Lafayette's growing economy and vibrant community make it an ideal location for rental properties, promising both immediate cash flow and future appreciation.Don't miss out on this turnkey investmentcontact us today to schedule a viewing and start building your real estate portfolio! Don't miss out on this turnkey investmentcontact us today to schedule a viewing and start building your real estate portfolio!

Last Agent to Sell the Property

Teresa Pastor

Real Broker, LLC License #0995691537 Listed on: 07/23/2024

Last Buyer's Agent

Stoney Richard

Real Broker, LLC License #995714987

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,306

Year Built

  • 1986

Lot Details

  • Lot Dimensions are 60 x 138.01 x 60 x 138.27
  • Privacy Fence
  • Wood Fence
  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,579 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dining Room
  • Laminate Flooring
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 6 Car Garage
  • Parking Garage Space

Schools

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

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Separate Meters
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Total Actual Rent $2,540
  • Tenant pays for broadband/internet access, cable/sat TV, electricity
  • The owner pays for sewer, trash collection, water
  • Tax Lot 62

Community Details

Overview

  • 3 Units
  • Oakcreek Subdivision

Building Details

  • 2 Leased Units
  • Other Expense $600
  • New Taxes Expense $1,200
  • Gross Income $30,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,306

Year Built

1986

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size: 60 x 138.01 x 60 x 138.27
  • Subdivision Name: Oakcreek
  • Directions: From Lafayette, take Pinhook towards Broussard. Turn right onto Sunstone Ave. Sunstone Ave turns right and becomes Row 4. Row 4 turns left and becomes Cougar Ridge. Complex is on the left.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Building Stories: 2
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 2
  • Year Built (Public Record): 1986

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Electric Range, Refrigerator, Gas Cooktop, Unit 2 Washer/Dryer
  • Other Equipment: Individual Meter
  • Owner Pays: Sewer, Trash Collection, Water
  • Full Bathrooms: 5
  • Total Bedrooms: 5
  • Flooring: Laminate, Other
  • Interior Amenities: Ceiling Fan(s), Unit 1(Dining Room), Unit 2(Dining Room), Unit 3(Dining Room)
  • Living Area: 2579
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Fencing: Privacy, Wood
  • Lot Features: Level
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Slab
  • Property Condition: 41 - 50 Years
  • Roof: Composition

Garage/Parking

  • Parking Features: Parking Garage
  • Total Parking Spaces: 6

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Unit 1 Washer/Dryer Hookup, Unit 3 Washer/Dryer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, Fiber Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 150
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Schools

  • Elementary School: Drexel
  • Junior High Dist: Lafayette Parish
  • High School: Comeaux
  • Middle Or Junior School: Broussard

Rental Info

  • Tenant Pays: Broadband/Internet Access, Cable/Sat TV, Electricity

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 30480
  • Number Of Units Leased: 2
  • Total Actual Rent: 2540

Tax Info

  • New Taxes Expense: 1200
  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Nov 26, 2024
Sold by
Boudreaux Capital Llc
Bought by
Johnson Eric and Johnson Lanetta
Seller's Agent
Teresa Pastor
Real Broker, LLC
Buyer's Agent
Stoney Richard
Real Broker, LLC
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%
Total Days on Market
95
Views
74
Current Estimated Value
$257,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,790
Avg. Annual Appreciation
19.48%
Original Mortgage
$176,250
Outstanding Balance
$173,684
Interest Rate
5.41%
Mortgage Type
New Conventional
Estimated Equity
$84,106

Purchase Details

Closed on
Aug 24, 2022
Sold by
Allen Bell Jr Coy
Bought by
Boudreaux Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$782,852
Interest Rate
5.51%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $235,000 None Listed On Document
Deed $235,000 None Listed On Document
Deed $708,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $176,250 New Conventional
Closed $185,000 New Conventional
Closed $176,250 New Conventional
Previous Owner $782,852 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2024 11/26/24 Sold -- -- --
10/27/2024 10/27/24 Pending -- -- --
09/12/2024 09/12/24 Price Changed $244,000 -2.0% $95 / Sq Ft
07/23/2024 07/23/24 For Sale $249,000 -- $97 / 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 $1,306 $14,795 $2,306 $12,489
2023 $1,306 $14,199 $2,306 $11,893
2022 $1,251 $14,199 $2,306 $11,893
2021 $1,255 $14,199 $2,306 $11,893
2020 $1,254 $14,199 $2,306 $11,893
2019 $1,192 $14,199 $2,306 $11,893
2018 $1,218 $14,199 $2,306 $11,893
2017 $1,216 $14,200 $500 $13,700
2015 $1,213 $14,200 $500 $13,700
2013 -- $14,200 $500 $13,700
Source: Public Records

Agents Affiliated with this Home

  • Teresa Pastor

    Seller's Agent in 2024

    Teresa Pastor

    Real Broker, LLC

    (337) 230-2271

    7 in this area

    95 Total Sales

    Teresa Pastor
    Section Image
  • Stoney Richard

    Buyer's Agent in 2024

    Stoney Richard

    Real Broker, LLC

    (337) 652-2716

    2 in this area

    23 Total Sales

    Stoney Richard
    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 24006937

REALTOR® Association of Acadiana

APN: 6014067

Louisiana Lafayette Parish Lafayette 70508 Pilette

305 Cougar Ridge, Lafayette, LA

This home is located at 305 Cougar Ridge, Lafayette, LA 70508 and is currently estimated at $244,000, approximately $94 per square foot. This property was built in 1986. 305 Cougar Ridge 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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