Last list price
403 S Buchanan St Unit 6 Lafayette, LA 70501
Downtown Lafayette Neighborhood
2
Beds
1
Bath
1,214
Sq Ft
--
Built
Highlights
- Contemporary Architecture
- Wood Flooring
- Central Heating and Cooling System
- Woodvale Elementary School Rated A-
- High Ceiling
- 4-minute walk to Parc Sans Souci
About This Home
As of October 2021Introducing The Buchanan Lofts! This retro-chic living space was built in a refurbished downtown warehouse, featuring 8 loft-style condominiums, located at 403 Buchanan St. Each space is unique in its floor plan and style, creating spaces as unique as the individuals who will own them. The Buchanan Lofts were the vision of sisters Leah Simon and Michelle Ezell, and Michele's husband Sean famed owners of Tsunami Lafayette and Tsunami Baton Rouge, who wanted to create an urban living space as cool and modern as the restaurant spaces they had designed and built. There has never been an offering like this before in Lafayette and this sale is expected to change the course and face of the future in the Hub City. The Buchanan Lofts are the perfect space for anyone looking for modern, contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return. contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return. contemporary living, law firms needing corporate space close to the federal courthouse, oil and gas companies needing regular housing for executives or team members in from Houston or other out-of-town offices, savvy real estate investors seeking a space that can be listed on VRBO or AirBNB. Each space will come fully furnished with modern appliances. The building will have association dues that will cover termite control, trash collection, building insurance, common area electricity, common area maintenance and cleaning, on site security cameras, and one parking space. Additional parking spaces will be available to lease at $40 a month. While there are those who will want to purchase space in the Buchanan Lofts for their residence, these spaces are also one of the most interesting investment opportunities to be presented in several years. The lofts historically average approximately a 61% occupancy rate, making this the perfect place to take part in the space-sharing craze. These Downtown units offer the unique opportunity of renting the space out on Vacation Rental by Owner (VRBO) 60% of the time and owner occupying the space 40% of the time for a very healthy return.
Last Agent to Sell the Property
Keaty Real Estate Team License #0995687622 Listed on: 02/24/2015
Last Buyer's Agent
Ashley Simon
PAR Realty, LLP
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,567
HOA Fees
- $200 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Contemporary Architecture
- Brick Exterior Construction
- Slab Foundation
Interior Spaces
- 1,214 Sq Ft Home
- 2-Story Property
- High Ceiling
- Window Treatments
- Wood Flooring
Kitchen
- Electric Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Myrtle Place Elementary School
- Lafayette Middle School
- Lafayette High School
Additional Features
- Property is zoned CBD
- Central Heating and Cooling System
Community Details
- Association fees include ground maintenance, insurance, trash
- Old Corporation Subdivision
Listing and Financial Details
- Tax Lot 1
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2018
Closed on
Oct 8, 2021
Sold by
George Karen Marie
Bought by
Aubrey Lisa
Seller's Agent
Sam Robertson
Sam Robertson Real Estate Co
Buyer's Agent
Alicia Rhodes
Keller Williams Realty Acadiana
List Price
$250,000
Sold Price
$179,000
Premium/Discount to List
-$71,000
-28.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.04%
Original Mortgage
$120,000
Outstanding Balance
$110,374
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$97,239
Similar Homes in Lafayette, LA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Cash Sale Deed | $179,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/09/2024 11/09/24 | Price Changed | $210,000 | -2.6% | $171 / Sq Ft |
| 09/30/2024 09/30/24 | For Sale | $215,500 | -13.8% | $175 / Sq Ft |
| 10/08/2021 10/08/21 | Sold | -- | -- | -- |
| 08/27/2021 08/27/21 | Pending | -- | -- | -- |
| 04/10/2018 04/10/18 | For Sale | $250,000 | -15.3% | $206 / Sq Ft |
| 01/13/2017 01/13/17 | Sold | -- | -- | -- |
| 11/22/2016 11/22/16 | Pending | -- | -- | -- |
| 09/14/2015 09/14/15 | For Sale | $295,000 | -- | $243 / Sq Ft |
Source: REALTOR® Association of Acadiana
Tax History Compared to Growth
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 | $2,567 | $21,325 | $469 | $20,856 |
| 2023 | $2,567 | $21,325 | $469 | $20,856 |
| 2022 | $2,551 | $21,325 | $469 | $20,856 |
| 2021 | $2,611 | $21,757 | $0 | $21,757 |
| 2020 | $2,577 | $21,757 | $0 | $21,757 |
| 2019 | $2,071 | $21,757 | $0 | $21,757 |
| 2018 | $1,770 | $21,757 | $0 | $21,757 |
| 2017 | $2,028 | $24,175 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michelle D Mouton
M
Seller's Agent in 2024
Michelle D Mouton
Real Broker, LLC
(337) 371-1033
1 in this area
125 Total Sales
-
Alicia Rhodes
Seller Co-Listing Agent in 2024
Alicia Rhodes
Real Broker, LLC
(337) 288-0682
1 in this area
74 Total Sales
-
Sam Robertson
Seller's Agent in 2021
Sam Robertson
Sam Robertson Real Estate Co
(337) 298-6744
1 in this area
22 Total Sales
-
Ashley Simon
A
Seller's Agent in 2017
Ashley Simon
Keaty Real Estate Team
(337) 288-8289
2 in this area
16 Total Sales
-
James Keaty
Seller Co-Listing Agent in 2017
James Keaty
Keaty Real Estate Team
(337) 344-4236
2 in this area
685 Total Sales
Map
Source: REALTOR® Association of Acadiana
MLS Number: 15304586
APN: 6158593
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.
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.
Nearby Homes
- 403 S Buchanan St Unit 8
- 400 Jefferson St
- 212 W Garfield St
- 720 Lafayette St
- 509 Voorhies St
- 510 Madison St
- 430 S Pierce St
- 314 Monroe St
- 120 SE Evangeline Thruway
- 223 Lafayette St
- 1011,1015 Lee Ave Unit A,B,C
- 1015 Lee Ave
- 1011 Lee Ave
- 207 S Pierce St
- 617 E Vermilion St
- 211 Versailles Blvd Unit 5
- 210 Hobson St
- 206 Hobson St
- 312 Hobson St
- 713 E Vermilion St