NOT LISTED FOR SALE

501 Melrose Ave Covington, LA 70433

Estimated Value: $845,000 - $995,000

4 Beds
3.5 Baths
3,422 Sq Ft
$272/Sq Ft Est. Value

Last Sold October 11, 2022

Current estimated payment $5,678/month

4 Days on Market

Highlights

  • New Construction
  • French Provincial Architecture
  • Stone Countertops
  • Joseph B. Lancaster Elementary School Rated A-
  • Corner Lot
  • Community Pool

About This Home

As of October 2022

New Orleans meets contemporary! This gorgeous brand NEW CONSTRUCTION custom home located in Terra Bella. 4 bedroom 3 1/2 bath, office, butlers pantry, upstairs loft and more! Large living area, exposed brick fireplace, natural wood beams to compliment. Two oversized brick porch's with outdoor kitchen, stone waterfall countertop and privacy brick wall. Classic lighting and custom wallpaper in various rooms. Electric fireplace in the primary bathroom is a must see!

Last Agent to Sell the Property

ANGELA BUNCE

Select Realty Group, LLC License #995710239 Listed on: 09/06/2022

Last Buyer's Agent

ANGELA BUNCE

Select Realty Group, LLC License #995710239 Listed on: 09/06/2022

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2022 | New Construction

HOA Fees

  • $128 Monthly HOA Fees

Parking

  • 3 Parking Spaces

Home Design

  • French Provincial Architecture
  • Creole Architecture
  • Slab Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 3,422 Sq Ft Home
  • Property has 2 Levels
  • Sound System
  • Gas Fireplace

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Stone Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms

Eco-Friendly Details

  • ENERGY STAR Qualified Appliances
  • Energy-Efficient HVAC

Outdoor Features

  • Courtyard
  • Covered Patio or Porch

Lot Details

  • Lot Dimensions are 80x129
  • Corner Lot

Schools

  • Madisonville Elementary School
  • Lancaster Middle School
  • Covington High School

Utilities

  • Two cooling system units
  • Multiple Heating Units

Additional Features

  • Accessibility Features
  • Outside City Limits

Listing and Financial Details

  • Tax Lot 145
  • Assessor Parcel Number 70433501MELROSEAV145

Community Details

Overview

  • Built by Statement
  • Terrabella Village Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Year Built

Built in 2022 | New Construction

HOA Fees

$128 per month

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 80X129
  • Subdivision Name: TerraBella Village
  • Directions: HWY 1085 to Terra Bella Blvd, LT Cottage, RT Chretien, Lt Melrose
  • Architectural Style: Creole, French Provincial
  • Unit Levels: Two
  • New Construction: Yes
  • Efficiency: Appliances, HVAC
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: New Construction,Never Occupied
  • Year Built: 2022
  • ResoBuildingAreaSource: Plans
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: NewHome
  • Stories: 2
  • Year Built: 2022

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Appliances: Dishwasher, Oven, Range, ENERGY STAR Qualified Appliances
  • Accessibility Features: Accessibility Features
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Interior Amenities: Pantry, Stone Counters, Stainless Steel Appliances, Wired for Sound
  • Living Area: 3422.0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: Corner Lot, Outside City Limits
  • Pool Features: Community, None
  • Home Warranty: No
  • Builder Name: Statement
  • Construction Type: HardiPlank Type
  • Exterior Features: Courtyard, Porch, Sound System
  • Foundation Details: Slab
  • Patio And Porch Features: Brick, Covered, Porch
  • Property Condition: Never Occupied, New Construction
  • Roof: Shingle

Garage/Parking

  • Parking Features: Two Spaces, Three or more Spaces

Utilities

  • Cooling: 2 Units
  • Cooling Y N: Yes
  • Heating: Multiple Heating Units
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 384.0
  • Association Fee Frequency: Quarterly
  • Association Name: HOA
  • Association: Yes

Schools

  • Elementary School: Madisonville
  • High School: Covington
  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel #: 70433501MELROSEAV145
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 145

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2023
Sold by
Marinello Nicholas D and Dupre Danielle
Bought by
Ferachi Larry Gerard
Current Estimated Value
$929,285

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 11, 2022
Sold by
Statement Builders Llc
Bought by
Marinello Nicholas and Marinello Danielle
Seller's Agent
ANGELA BUNCE
Select Realty Group, LLC
Buyer's Agent
ANGELA BUNCE
Select Realty Group, LLC
List Price
$979,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%
Original Mortgage
$712,000
Interest Rate
5.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2020
Sold by
Terra Bella Group Llc
Bought by
Statement Builders Llc
Source: Public Records
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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
Ferachi Larry Gerard -- Crescent Title
Marinello Nicholas $890,000 Le Fleur De Lis Title
Statement Builders Llc $117,500 Winters Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marinello Nicholas $712,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2022 10/11/22 Sold -- -- --
09/11/2022 09/11/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $979,000 -- $286 / Sq Ft
Source: ROAM MLS

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
2025 $9,159 $81,475 $11,000 $70,475
2024 $9,159 $75,182 $11,000 $64,182
2023 $8,679 $72,563 $7,500 $65,063
2022 $103,296 $7,500 $7,500 $0
2021 $1,031 $7,500 $7,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2362171

APN: 5277

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