NOT LISTED FOR SALE

307 Monroe St Lafayette, LA 70501

Mills Neighborhood

Estimated Value: $112,000 - $179,000

4 Beds
2 Baths
1,876 Sq Ft
$79/Sq Ft Est. Value

Last Sold September 23, 2024

Current estimated payment $843/month

4 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • 1-Story Property
  • Lafayette High School Rated A-

About This Home

As of September 2024

This duplex is currently bringing $1,800 per month and is fully occupied. Insurance is $2,693 per year. Last year the owner spent $1,200 on maintenance. The property taxes were $1,100 in 2023. The A/c units are about 5 years old. The metal roof is about 10 years old. The units are individually metered and there are three covered parking spaces. Tenants are responsible for years maintenance and utilities.Unit A - 2 bed 1 bath1 Year left of 1 year leaseUnit B - 2 bed 1 bath3 Months left of a 1 year lease, then month to month

Last Agent to Sell the Property

Carrie Theard

Real Broker, LLC License #0995694138 Listed on: 08/19/2024

Last Buyer's Agent

Setareh Mirian

Mirian Real Estate

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,450 Sq Ft Lot
  • Lot Dimensions are 129 x 50

Home Design

  • Duplex
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,876 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Vinyl Plank

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Carport

Schools

  • Montgomery Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 14

Community Details

Overview

  • 2 Units
  • Hopkins Addition Subdivision

Building Details

  • 1 Leased Unit
  • 1 Vacant Unit
  • Insurance Expense $2,693
  • Maintenance Expense $1,200
  • New Taxes Expense $1,100

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1481
  • Lot Size: 129 x 50
  • Subdivision Name: Hopkins Addition
  • Directions: Johnston Street to left on Cajundome Blvd, right onto W Congress, left onto S Pierce, right onto Simcoe, right onto Monroe, duplex is on the left
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • List_136: 92.017523
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 1
  • Appliances: Gas Range, Gas Cooktop
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Vinyl Plank, Wood
  • Living Area: 1876
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Frame, Brick Veneer
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: 41 - 50 Years
  • Roof: Metal

Garage/Parking

  • Parking Features: Carport, Covered
  • Total Parking Spaces: 3

Utilities

  • Laundry Features: Electric Dryer Hookup, Washer Hookup, Unit 1 Washer/Dryer Hookup, Unit 2 Washer/Dryer Hookup
  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Montgomery
  • Junior High Dist: Lafayette Parish
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 6450
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2
  • Insurance Expense: 2693
  • Maintenance Expense: 1200
  • Number Of Units Leased: 1
  • Number Of Units Vacant: 1

Tax Info

  • New Taxes Expense: 1100
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Sep 23, 2024
Sold by
Cajun Jem Llc
Bought by
Lafayette Public Trust
Seller's Agent
Carrie Theard
Real Broker, LLC
Buyer's Agent
Setareh Mirian
Mirian Real Estate
List Price
$175,000
Views
3
Current Estimated Value
$148,301

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-14.35%

Purchase Details

Closed on
Mar 12, 2020
Sold by
T & O Holdings Llc
Bought by
Cajun Jem Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
3.4%
Mortgage Type
New Conventional
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
Lafayette Public Trust $182,500 None Listed On Document
Cajun Jem Llc $80,000 None Available
T & O Holdings Llc $58,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cajun Jem Llc $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold -- -- --
08/23/2024 08/23/24 Pending -- -- --
08/19/2024 08/19/24 For Sale $175,000 -- $93 / Sq Ft
Source: REALTOR® Association of Acadiana

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 $850 $8,080 $806 $7,274
2023 $850 $7,687 $806 $6,881
2022 $804 $7,687 $806 $6,881
2021 $662 $6,306 $806 $5,500
2020 $660 $6,306 $806 $5,500
2019 $347 $4,206 $806 $3,400
2018 $429 $4,206 $806 $3,400
2017 $429 $4,206 $806 $3,400
2015 $431 $4,230 $830 $3,400
2013 -- $4,230 $830 $3,400
Source: Public Records

Agents Affiliated with this Home

  • Carrie Theard

    Seller's Agent in 2024

    Carrie Theard

    Real Broker, LLC

    (337) 371-6446

    1 in this area

    99 Total Sales

    Carrie Theard
    Section Image

  • S

    Buyer's Agent in 2024

    Setareh Mirian

    Mirian Real Estate

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 24007909

REALTOR® Association of Acadiana

APN: 6039694

Louisiana Lafayette Parish Lafayette 70501 Mills

307 Monroe St, Lafayette, LA

Not Listed for Sale

MultiFamily

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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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