$3,450,000
SOLD JUN 1, 2021
Last list price

3104 S Curtis Ln New Iberia, LA 70560

-- Bed
-- Bath
5,565 Sq Ft
50.73 Acres

Recently Sold

$620 Per Sq Ft

327 Days on Market

Highlights

  • Home fronts a pond
  • Cooling Available
  • Heating Available
  • 50.73 Acre Lot

About This Home

As of June 2021

RV Park with fishing pond located on over 50 acres of property. There are currently 200 spaces available with plenty room to expand. The fishing pond has 7 new fishing piers with a tranquil walking trail through the wooded area around the pond. There's a playground, pool, bathhouse with new showers, laundromat, 30 & 50 amp service available, sewer, internet, 2 rental cabins, a recreation room and a store. Improvements include over 950 tons of asphalt, 6 new washers and dryers in the laundromat. New culverts added and the property has been laser leveled. This property is impeccable! 10% Cap Rate with 50% Occupancy rate. Many of the tenants are monthly rentals. Check out their website www.koakampground.com. No trespassing please.

Last Agent to Sell the Property

Rebekah McGee

McGeeScott Realty License #0995694703 Listed on: 05/13/2020

Last Buyer's Agent

Linell Champagne

Latter & Blum

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,093

Lot Details

  • 50.73 Acre Lot
  • Home fronts a pond

Parking

  • 400 Parking Spaces

Home Design

  • 5,565 Sq Ft Home
  • Mobile Home Park
  • Siding

Schools

  • Center Street Elementary School
  • Iberia Middle School
  • New Iberia High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • The owner pays for broadband/internet access, cable/sat TV, electricity, gas, sewer, trash collection, water

Community Details

Overview

  • 200 Units

Building Details

  • Insurance Expense $12,000
  • Maintenance Expense $92,000
  • Professional Management Expense $15,000
  • New Taxes Expense $8,200
  • Operating Expense $334,580
  • Gross Income $650,000
  • Net Operating Income $315,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,093

Lot Details

0

Listing Details

  • Property Sub Type: Mobile Home Park
  • Prop. Type: Residential Income
  • Lot Size Acres: 50.73
  • Lot Size: IRR
  • CapRate: 0.110673
  • Professional Management Expense: 15000
  • Co List Office Mls Id: l001196
  • Co List Office Phone: 337-735-4040
  • Subdivision Name: None
  • Directions: Exit Lewis St in New Iberia and take west frontage Rd 1/2 mile on left.
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None

Interior Features

  • Appliances: Other
  • Owner Pays: Broadband/Internet Access, Cable/Sat TV, Electricity, Gas, Sewer, Trash Collection, Water
  • Flooring: Other
  • Interior Amenities: Other
  • ResoLivingAreaSource: Owner

Exterior Features

  • Waterfront Features: Pond
  • Construction Type: Other, Other Siding
  • Foundation Details: Other
  • Property Condition: 16 - 20 Years
  • Roof: Other

Garage/Parking

  • Parking Features: Varies by Unit
  • Total Parking Spaces: 400

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Mechanical Sewer
  • Water Source: Public

Schools

  • Elementary School: Center Street
  • High School: New Iberia
  • Middle Or Junior School: Iberia

Lot Info

  • Lot Size Sq Ft: 2209798.8
  • Zoning: AE/R4
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 200
  • Annual Gross Income: 650000
  • Insurance Expense: 12000
  • Maintenance Expense: 92000
  • Property Net Operating Income: 315420
  • Annual Operating Expense: 334580
  • Income And Expenses Vacancy Allowance: 50

Tax Info

  • New Taxes Expense: 8200
  • Tax Lot: 0

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold -- -- --
04/06/2021 04/06/21 Pending -- -- --
05/13/2020 05/13/20 For Sale $3,450,000 +32.7% $620 / Sq Ft
08/27/2015 08/27/15 Sold -- -- --
06/09/2015 06/09/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $2,600,000 -- $542 / 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 $9,093 $118,953 $87,178 $31,775
2023 $9,395 $119,633 $87,178 $32,455
2022 $8,767 $113,401 $87,178 $26,223
2021 $8,452 $109,309 $87,178 $22,131
2020 $8,452 $109,309 $0 $0
2017 $7,546 $104,699 $67,178 $37,521
2016 $7,372 $104,699 $87,178 $17,521
2014 $3,859 $54,244 $51,280 $2,964
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    Rebekah McGee

    McGeeScott Realty

    (337) 577-8343

    149 Total Sales

    Rebekah McGee
    Section Image

  • L

    Buyer's Agent in 2021

    Linell Champagne

    Latter & Blum

  • D

    Seller's Agent in 2015

    David Kellenberger

    NAI Latter & Blum

    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 20004254

REALTOR® Association of Acadiana

APN: 0104801990

Louisiana Iberia Parish New Iberia 70560

3104 S Curtis Ln, New Iberia, LA

This home is located at 3104 S Curtis Ln, New Iberia, LA 70560 and is currently priced at $3,450,000, approximately $619 per square foot. 3104 S Curtis Ln is a home located in Iberia Parish with nearby schools including Center Street Elementary School, Iberia Middle School, and New Iberia Senior 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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