NOT LISTED FOR SALE

316 Madison St Lafayette, LA 70501

Mills Neighborhood

Estimated Value: $121,000 - $178,000

3 Beds
1 Bath
1,300 Sq Ft
$122/Sq Ft Est. Value

Last Sold April 08, 2024

Current estimated payment $942/month

103 Days on Market

Highlights

  • Guest House
  • Property is near public transit
  • High Ceiling
  • Lafayette High School Rated A-
  • Wood Flooring
  • Cottage

About This Home

As of April 2024

This charming Lafayette, LA property is a real gem in the world of real estate. Boasting a brand-new roof and upgraded electrical systems, this home is a testament to modern comfort and convenience. Not only does it feature a new electrical panel specifically set up for a generator, but it also includes a spacious 400 square-foot guest house, providing versatility for hosting guests or using it as an additional income stream. Currently operating as a successful short term rental, this property offers an excellent investment opportunity with a proven track record. To sweeten the deal, the home comes fully furnished, complete with all appliances, ensuring a seamless transition for the new owner. Don't miss out on the chance to own this turnkey property in the heart of Lafayette.

Last Agent to Sell the Property

Dustin Gaspard

EXP Realty, LLC License #0995696189 Listed on: 09/20/2023

EXP Realty, LLC

Last Buyer's Agent

Matthew Delcambre

Keaty Real Estate Team License #995712933

Keaty Real Estate Team

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,006

Lot Details

  • 7,000 Sq Ft Lot
  • Lot Dimensions are 50 x 140
  • Gated Home
  • Wood Fence
  • Chain Link Fence
  • Brick Fence
  • Level Lot

Home Design

  • Cottage
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Home Office
  • Fire and Smoke Detector

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • 1 Carport Space
  • Open Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • S.J. Montgomery Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Additional Features

  • Guest House
  • Property is near public transit

Community Details

  • Kennedy Addition Subdivision
  • Community Library

Listing and Financial Details

  • Tax Lot Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,006

Lot Details

0

Listing Details

  • Property Sub Type: Detached Single Family
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 0.1607
  • Lot Size: 50 x 140
  • Road Frontage Type: City Street
  • Subdivision Name: Kennedy Addition
  • Directions: From Cajundome, travel north on Congress. After Main Library, turn Left on Madison.
  • Architectural Style: Cottage
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Cooktop, Microwave, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Vinyl Plank, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), High Ceilings, Office, Formica Counters
  • Living Area: 1300
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Owner

Exterior Features

  • Fencing: Brick, Chain Link, Wood, Gate
  • Lot Features: 0 to 0.5 Acres, Level, Near Public Transit
  • Pool Private: No
  • Exclusions: Other - See Remarks
  • Home Warranty: No
  • Construction Type: Brick Veneer, Wood Siding, Frame
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Guest House, Other, See Remarks
  • Patio And Porch Features: Porch
  • Property Condition: 51 - 75 Years
  • Roof: Composition

Garage/Parking

  • Carport Spaces: 1
  • Covered Parking Spaces: 1
  • Open Parking: Yes
  • Parking Features: Attached, Carport, Open
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Washer Hookup, Gas Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: Elec: City
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public
  • Gas Company: Gas: Atmos

Condo/Co-op/Association

  • Community Features: Library

Schools

  • Elementary School: S.J. Montgomery
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 7000
  • Zoning: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: Lot 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2023
Closed on
Apr 8, 2024
Sold by
Desormeaux Brandon James
Bought by
Delcambre Matthew and Moores Glen
Seller's Agent
Dustin Gaspard
EXP Realty, LLC
Buyer's Agent
Matthew Delcambre
Keaty Real Estate Team
List Price
$179,000
Views
174
Current Estimated Value
$156,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.62%
Original Mortgage
$138,000
Outstanding Balance
$136,582
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$37,342

Purchase Details

Listed on
Jan 17, 2019
Closed on
Feb 28, 2019
Sold by
Crawford Chadwick Tyson and Crawford Meredith Ash
Bought by
Desormeaux Brandon James
Seller's Agent
Mary Crouchet
Compass
Buyer's Agent
Paul Tylock
Keller Williams Realty Acadiana
List Price
$100,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$95,000
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Delcambre Matthew $172,500 Md Title
Desormeaux Brandon James $100,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delcambre Matthew $138,000
Previous Owner Desormeaux Brandon James $96,000
Previous Owner Desormeaux Brandon James $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2024 04/08/24 Sold -- -- --
01/10/2024 01/10/24 For Sale $179,000 0.0% $138 / Sq Ft
01/02/2024 01/02/24 Pending -- -- --
11/20/2023 11/20/23 Price Changed $179,000 -5.3% $138 / Sq Ft
11/02/2023 11/02/23 Price Changed $189,000 -2.6% $145 / Sq Ft
10/09/2023 10/09/23 Price Changed $194,000 -2.5% $149 / Sq Ft
09/20/2023 09/20/23 For Sale $199,000 +99.0% $153 / Sq Ft
02/28/2019 02/28/19 Sold -- -- --
02/02/2019 02/02/19 Pending -- -- --
01/17/2019 01/17/19 For Sale $100,000 +11.1% $77 / Sq Ft
05/14/2015 05/14/15 Sold -- -- --
04/13/2015 04/13/15 Pending -- -- --
04/09/2015 04/09/15 For Sale $90,000 -- $63 / 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 $1,006 $9,564 $556 $9,008
2023 $1,006 $9,316 $556 $8,760
2022 $975 $9,316 $556 $8,760
2021 $978 $9,316 $556 $8,760
2020 $975 $9,316 $556 $8,760
2019 $150 $9,316 $556 $8,760
2018 $319 $9,316 $556 $8,760
2017 $319 $9,316 $556 $8,760
2015 $63 $7,906 $550 $7,356
2013 -- $3,530 $330 $3,200
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Dustin Gaspard

    EXP Realty, LLC

    (337) 380-5712

    1 in this area

    8 Total Sales

    Section Image

  • M

    Buyer's Agent in 2024

    Matthew Delcambre

    Keaty Real Estate Team

    (337) 315-1460

    1 in this area

    114 Total Sales

    Section Image

  • M

    Seller's Agent in 2019

    Mary Crouchet

    Compass

    (337) 233-9700

    1 in this area

    7 Total Sales

    Section Image

  • P

    Buyer's Agent in 2019

    Paul Tylock

    Keller Williams Realty Acadiana

  • R

    Seller's Agent in 2015

    Richard Hill

    Cachet Real Estate, LLC

    (337) 316-1397

    3 Total Sales

    Section Image
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Map

Source: REALTOR® Association of Acadiana

MLS Number: 23008588

REALTOR® Association of Acadiana

APN: 6064653

Louisiana Lafayette Parish Lafayette 70501 Mills

316 Madison St, Lafayette, LA

This home is located at 316 Madison St, Lafayette, LA 70501 since 20 September 2023 and is currently estimated at $159,000, approximately $122 per square foot. 316 Madison St is a home located in Lafayette Parish with nearby schools including S.J. Montgomery Elementary School, Lafayette Middle School, and Lafayette 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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