NOT LISTED FOR SALE

505 E Rutland St Covington, LA 70433

Estimated Value: $1,335,000 - $1,361,663

6 Beds
6.5 Baths
4,846 Sq Ft
$277/Sq Ft Est. Value

Last Sold December 12, 2024

Current estimated payment $7,681/month

214 Days on Market

Highlights

  • Outdoor Living Area
  • Cottage
  • Balcony
  • Covington Elementary School Rated A-
  • Covered Patio or Porch
  • 5-minute walk to Tammany Trace - Covington Trailhead

About This Home

As of December 2024

First time on the market in 23 years! Prime location in beautiful downtown Covington's Division of St. John business district. Located at the southeast corner of E. Rutland Street and S. Jahncke Avenue. The land parcel has approximately 19,005 SF of land, and the house has approximately 4,846 SF of living area. Large living rooms with high ceilings, beautifully landscaped yards and gardens. Onsite parking, off street parking, and OxLot #2 parking available for customers and employees. The main building was constructed in 1923 and the addition was build in 2005. Currently an owner occupied B&B, and can be used for residential also, with a fantastic in-law / housekeeper suite. The business is very consist and profitable, without being on a reservation system or utilizing all the guest rooms. Excellent book of loyal clientele that are repeat customers, website, registered trade name included with the sale. As a B&B there are 6 units all with separate entrances. The 4 downstairs units have one bedroom. The two upstairs units have two bedrooms. As a single family house, there are 8 Bedrooms, 6 1/2 bathrooms. There are large spacious living areas, formal dining room, and an in-law suite your in-laws for die for! Enjoy your enchanted backyard that would sure to keep kids well occupied and captivated, rather than spending days and hours on a cell phone. This location is an easy walk to downtown dining and entertainment, The Trail Head (Trace) and nearby schools and faith based organizations, one block from the Southern Hotel, and 3 blocks to the Bogue Falaya Park.

Last Agent to Sell the Property

Edward Murphy

Keller Williams Realty Services License #NOM:000020357 Listed on: 03/15/2024

Keller Williams Realty Services

Last Buyer's Agent

DIANA STANLEY

Keller Williams Realty Services License #NOM:995701026

Keller Williams Realty Services

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1923

Lot Details

  • 0.44 Acre Lot
  • Fenced
  • Oversized Lot
  • Irregular Lot
  • Property is in excellent condition

Home Design

  • Cottage
  • Brick Exterior Construction
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Concrete Siding

Interior Spaces

  • 4,846 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Home Security System
  • Oven or Range

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • Covered Parking
  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Courtyard
  • Covered Patio or Porch
  • Outdoor Living Area

Location

  • Outside City Limits

Utilities

  • Two cooling system units
  • Central Heating and Cooling System
  • Two Heating Systems
  • Internet Available

Community Details

  • Covington Subdivision

Listing and Financial Details

  • Assessor Parcel Number 18932

Home Details

Home Type

Single Family

Year Built

Built in 1923

Lot Details

0.44 Acres

Listing Details

  • Property Type: Residential
  • Dwelling Type: Single Family - Detached
  • Style: Cottage
  • Condition: Excellent
  • ADA Features: No
  • Additional Features: Security System
  • Legal Description: Lot 4 and part of Lots 3, 5, 6 Square 2 Division of St. John, Covington, St. Tammany Parish, Louisiana
  • Lp Amt Sq Ft: 308.50
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Total Area: 5705
  • Year Renovated: 1923
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1923

Interior Features

  • Fireplace: Wood
  • Appliance Include: Range/Oven
  • Total Bedrooms: 6
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Estimated Living Area: 4846
  • Total Bathrooms: 7.00
  • Total Sq Ft: 4846

Exterior Features

  • Exterior: Brick, Concrete, Wood Siding
  • ExteriorFeatures: Balcony, Courtyard, Driveway Permeable Surface, Fence, Outdoor Entertainment Area Beyond Your Average Patio
  • Foundation: Raised
  • Patio: Covered
  • Roof Type: Seal Tab, Shingle

Garage/Parking

  • Car Storage: Covered, Lot, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Two, Central
  • Electricity Provided By: Cleco
  • Gas Type: Natural
  • Heating: Two, Central
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Common Area Maintenance: No
  • Termite Contract: Yes

Condo/Co-op/Association

  • Home Owner Fee: No

Lot Info

  • Acres: 0.4400
  • Elevation Certificate: No
  • Lot Description: Irregular, Oversized
  • Lot Size: 19,005 SF
  • Parcel #: 18932

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2024
Closed on
Dec 12, 2024
Sold by
Chambless Maureen Mckinnon and Thomas Jord
Bought by
Scontrino Derek and Turnage Ryan
Seller's Agent
Edward Murphy
Keller Williams Realty Services
Buyer's Agent
DIANA STANLEY
Keller Williams Realty Services
List Price
$1,495,000
Views
273
Current Estimated Value
$1,344,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.88%
Original Mortgage
$1,328,872
Outstanding Balance
$1,313,397
Interest Rate
6.72%
Mortgage Type
Credit Line Revolving
Estimated Equity
$30,824
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Scontrino Derek -- Winters Title
Scontrino Derek -- Winters Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scontrino Derek $1,328,872
Closed Scontrino Derek $1,328,872
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2024 12/12/24 Sold -- -- --
10/15/2024 10/15/24 Pending -- -- --
06/16/2024 06/16/24 For Sale $1,495,000 0.0% $309 / Sq Ft
06/15/2024 06/15/24 Off Market -- -- --
03/15/2024 03/15/24 For Sale $1,495,000 -- $309 / Sq Ft
Source: Gulf South Real Estate Information Network

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 $9,326 $88,607 $30,000 $58,607
2024 $9,326 $68,915 $30,000 $38,915
2023 $6,882 $56,368 $22,500 $33,868
2022 $593,411 $56,368 $22,500 $33,868
2021 $5,925 $56,368 $22,500 $33,868
2020 $5,941 $56,368 $22,500 $33,868
2019 $5,308 $43,020 $8,360 $34,660
2018 $5,315 $43,020 $8,360 $34,660
2017 $5,367 $43,020 $8,360 $34,660
2016 $5,393 $43,020 $8,360 $34,660
2015 $4,493 $41,167 $8,000 $33,167
2014 $4,452 $41,167 $8,000 $33,167
2013 -- $41,167 $8,000 $33,167
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Gulf South Real Estate Information Network

MLS Number: 2439568

Gulf South Real Estate Information Network

APN: 18932

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