$375,000
SOLD OCT 7, 2024
Last list price

511 Ray Ave Unit 5 Lafayette, LA 70506

Saints Streets Neighborhood
6 Beds
5 Baths
3,243 Sq Ft
0.32 Acres

Recently Sold

$116 Per Sq Ft

290 Days on Market

Highlights

  • 0.32 Acre Lot
  • Wood Flooring
  • Porch
  • Woodvale Elementary School Rated A-
  • 7 Car Detached Garage
  • Storm Windows

About This Home

As of October 2024

Lovely Saints Street area, close to the university and centrally located for anyone wanting to live in town. There are three houses on the property and two apartments. The unfinished house is attached to the utilities with 511 1/2. All houses and apartments are in good condition with window units for heating and cooling. The three houses have a new roof, one of them is a steel roof. All units are currently rented and some are long term tenants. Please DO NOT DISTURB the tenants.

Last Agent to Sell the Property

Denise Carlson

Savvy Team Realty, LLC License #995682424 Listed on: 10/12/2023

Last Buyer's Agent

Tyler Albrecht

Keaty Real Estate Team License #0995697749

Keaty Real Estate Team

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,454

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 75 x 185
  • Level Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Composition Roof
  • Metal Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 3,243 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Window Treatments
  • Electric Cooktop
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Parking

  • 7 Car Detached Garage
  • Carport
  • On-Street Parking
  • Open Parking
  • Parking Lot
  • Assigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Schools

  • Myrtle Place Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Central Air
  • Multiple Heating Units
  • Fiber Optics Available

Listing and Financial Details

  • Total Actual Rent $3,975

Community Details

Overview

  • 5 Buildings
  • 5 Units
  • Third Cornay Extension Subdivision

Building Details

  • 4 Leased Units
  • New Taxes Expense $1,839
  • Gross Income $55,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,454

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Lot Size Acres: 0.32
  • Lot Size: 75 x 185
  • Subdivision Name: Third Cornay Extension
  • Directions: west on Congress to left on Saint Thomas, right on Ray Ave, house is on the left.
  • Carport Y N: Yes
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Unit 1(Other), Unit 2(Other), Unit 3(Other), Unit 4(Other)
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Number Of Buildings: 5
  • Appliances: Dryer, Electric Range, Gas Range, Refrigerator, Washer, Electric Cooktop, Unit 1 Washer/Dryer, Unit 2 Washer/Dryer, Unit 3 Washer/Dryer, Unit 4 Washer/Dryer
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Interior Amenities: Ceiling Fan(s), Unit 1(Eat-in Kitchen,Master Bedroom), Unit 2(Eat-in Kitchen,Master Bedroom), Unit 3(Eat-in Kitchen,Master Bedroom), Unit 4(Eat-in Kitchen,Master Bedroom)
  • Living Area: 3243
  • Window Features: Storm Window(s), Some Window Treatments

Exterior Features

  • Fencing: None
  • Lot Features: Level
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Exterior Features: Lighting
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Porch, Unit 4 Porch/Patio/Deck
  • Property Condition: 41 - 50 Years
  • Roof: Composition, Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Assigned, Carport, Detached, On Street, Parking Lot, Varies by Unit
  • Total Parking Spaces: 7

Utilities

  • Laundry Features: Gas Dryer Hookup, Unit 3 Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Ceiling Fan(s),Window Unit(s),Zoned, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric,Other, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Fiber Available, Fiber Ready
  • Water Source: Public

Schools

  • Elementary School: Myrtle Place
  • Junior High Dist: Lafayette Parish
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 5
  • Number Of Units Leased: 4
  • Total Actual Rent: 3975

Tax Info

  • New Taxes Expense: 1838.8
  • Tax Lot: 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2023
Closed on
Oct 4, 2024
Sold by
Kimbrit Llc
Bought by
Whr Investments Llc
Seller's Agent
Denise Carlson
Savvy Team Realty, LLC
Buyer's Agent
Tyler Albrecht
Keaty Real Estate Team
List Price
$455,000
Views
176
Current Estimated Value
$300,438

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.09%
Original Mortgage
$386,695
Outstanding Balance
$49,250
Interest Rate
6.46%
Mortgage Type
Construction
Estimated Equity
$219,943
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $325,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $386,695 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2024 10/07/24 Sold -- -- --
07/30/2024 07/30/24 Pending -- -- --
06/11/2024 06/11/24 Price Changed $375,000 -6.0% $116 / Sq Ft
04/18/2024 04/18/24 Price Changed $399,000 -0.2% $123 / Sq Ft
03/27/2024 03/27/24 Price Changed $399,700 -0.1% $123 / Sq Ft
12/13/2023 12/13/23 Price Changed $399,900 -12.1% $123 / Sq Ft
10/13/2023 10/13/23 For Sale $455,000 -- $140 / 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 $2,454 $23,324 $6,711 $16,613
2023 $2,454 $22,597 $6,711 $15,886
2022 $2,364 $22,597 $6,711 $15,886
2021 $1,839 $17,515 $6,711 $10,804
2020 $1,739 $16,623 $6,711 $9,912
2019 $218 $6,400 $840 $5,560
2018 $337 $6,400 $840 $5,560
2017 $337 $6,400 $840 $5,560
2015 $337 $6,400 $840 $5,560
2013 -- $6,400 $840 $5,560
Source: Public Records

Agents Affiliated with this Home

  • Denise Carlson

    Seller's Agent in 2024

    Denise Carlson

    Savvy Team Realty, LLC

    (337) 255-8869

    3 in this area

    81 Total Sales

    Section Image
  • Tyler Albrecht

    Buyer's Agent in 2024

    Tyler Albrecht

    Keaty Real Estate Team

    (337) 735-4470

    10 in this area

    119 Total Sales

    Section Image
See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 23009287

REALTOR® Association of Acadiana

APN: 6036412

Louisiana Lafayette Parish Lafayette 70506 Saints Streets

511 Ray Ave Unit 5, Lafayette, LA

This home is located at 511 Ray Ave Unit 5, Lafayette, LA 70506 and is currently estimated at $375,000, approximately $115 per square foot. 511 Ray Ave Unit 5 is a home located in Lafayette Parish with nearby schools including Woodvale 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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