NOT LISTED FOR SALE

404 E Gibson St Covington, LA 70433

Estimated Value: $598,174

-- Bed
-- Bath
5,462 Sq Ft
$110/Sq Ft Est. Value

Last Sold November 01, 2018

Current estimated payment $4,025/month

98 Days on Market

Highlights

  • Accessibility Features
  • Rectangular Lot
  • 1-minute walk to Tammany Trace - Covington Trailhead

About This Home

As of November 2018

Beautiful office building in Historic Downtown Covington located on the corner of E Gibson and N New Hampshire just 2 blocks from the St. Tammany Justice Center and across street from Tammany Trace Covington Trailhead. Office space is located on the second floor and has just been gutted and refinished with open, modern finishes. Space consists of 5 private offices, conference room, open work area, break room, marketing/copy room and reception area.
Rent is $19.75/sf Base and $3.24 NNN.

Last Agent to Sell the Property

Steve Scoggin

Scoggin Properties, Inc. License #000011318 Listed on: 06/25/2018

Last Buyer's Agent

Tiffany McMath Hymel

Southern Properties Real Estate LLC License #000023525

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,249

Lot Details

  • Lot Dimensions are 167.9x139.8
  • Rectangular Lot
  • Zoning described as CBD

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,462 Sq Ft Home
  • Property has 2 Levels

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Additional Features

  • Accessibility Features
  • City Lot

Community Details

  • Not A Subdivision

Listing and Financial Details

  • Assessor Parcel Number 70433404EGIBSONST

Property Details

Property Type

Other

Est. Annual Taxes

$10,249

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 167.9x139.8
  • Co List Office Mls Id: SCOG01
  • Co List Office Phone: (985) 867-8670
  • Subdivision Name: Not a Subdivision
  • Directions: Boston, Rt on N Vermont
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Mixed Use
  • Year Built Details: 30
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Accessibility Features: Accessibility Features
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Brick
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70433404EGIBSONST
  • Zoning Description: CBD
  • Zoning: CBD
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2018
Closed on
Nov 1, 2018
Sold by
Branscome Farmer Marion and Farmer Pamela Buckley
Bought by
Mcmath Patrick M and Mcmath Don A
Seller's Agent
Steve Scoggin
Scoggin Properties, Inc.
Buyer's Agent
Tiffany McMath Hymel
Southern Properties Real Estate LLC
List Price
$755,000
Current Estimated Value
$598,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.03%
Original Mortgage
$629,000
Outstanding Balance
$553,044
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$45,130

Purchase Details

Closed on
Oct 29, 2009
Sold by
Burns Mary Duea and Burns Roy K
Bought by
Farmer Pamela B and Farmer Marion B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mcmath Patrick M $740,000 Fidelity National Title
Farmer Pamela B $272,306 Estates Title Louisiana Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcmath Patrick M $629,000
Previous Owner Farmer Pamela B $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Rented $3,997 -18.0% --
06/01/2020 06/01/20 Under Contract -- -- --
12/17/2019 12/17/19 For Rent $4,877 0.0% --
11/01/2018 11/01/18 Sold -- -- --
10/02/2018 10/02/18 Pending -- -- --
06/25/2018 06/25/18 For Sale $755,000 -- $138 / Sq Ft
Source: ROAM MLS

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 $10,249 $79,944 $0 $79,944
2023 $10,249 $93,457 $13,513 $79,944
2022 $1,106,158 $93,457 $13,513 $79,944
2021 $11,045 $93,457 $13,513 $79,944
2020 $11,076 $93,457 $13,513 $79,944
2019 $11,258 $91,236 $13,513 $77,723
2018 $8,842 $71,572 $7,085 $64,487
2017 $8,929 $71,572 $7,085 $64,487
2016 $8,972 $71,572 $7,085 $64,487
2015 $8,811 $68,490 $6,780 $61,710
2014 $8,725 $68,490 $6,780 $61,710
2013 -- $68,490 $6,780 $61,710
Source: Public Records

Agents Affiliated with this Home

  • Tiffany McMath Hymel

    Seller's Agent in 2020

    Tiffany McMath Hymel

    Southern Properties Real Estate LLC

    (985) 960-1492

    11 in this area

    32 Total Sales

    Tiffany McMath Hymel
    Section Image
  • Steve Scoggin

    Seller's Agent in 2018

    Steve Scoggin

    Scoggin Properties, Inc.

    (985) 373-0019

    23 in this area

    101 Total Sales

    Steve Scoggin
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2161757

APN: 18131

Louisiana St Tammany Parish Covington 70433

404 E Gibson St, Covington, LA

This home is located at 404 E Gibson St, Covington, LA 70433 since 25 June 2018 and is currently estimated at $598,174, approximately $109 per square foot. 404 E Gibson St is a home located in St. Tammany Parish with nearby schools including E. E. Lyon Elementary School, William Pitcher Junior High School, and Pine View Middle School.

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