NOT LISTED FOR SALE

515 Madeline Ave Lafayette, LA 70501

Mills North Neighborhood

Estimated Value: $65,000 - $79,000

4 Beds
2 Baths
656 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 07, 2019

Current estimated payment $463/month

80 Days on Market

Highlights

  • Window Unit Cooling System
  • Partially Fenced Property
  • Wood Siding
  • Lafayette High School Rated A-
  • Level Lot
  • 2-minute walk to St. Anthony Playground

About This Home

As of February 2019

Don't overlook this cash-flowing opportunity! A package deal of two houses being sold for a price of $57,000. The front house, (656 sqft.)is currently rented for $410 per month, the back house, (635 sqft.) is rented for $430 per month at a total monthly rent of $840. Both houses are 2 Bedrooms & 1 Bath. Instantly cash-flowing!! Tenants have occupied the homes for 25 years and would love to stay longer.

Last Agent to Sell the Property

Justin Gauthreaux

Keaty Real Estate Team Listed on: 10/09/2018

Last Buyer's Agent

Lucius Hornsby

Coldwell Banker Pelican R.E.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $792

Lot Details

  • 9,500 Sq Ft Lot
  • Lot Dimensions are 50 x 190
  • Partially Fenced Property
  • Chain Link Fence
  • Level Lot

Home Design

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

Interior Spaces

  • 656 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Schools

  • Boucher Elementary School
  • Lafayette Middle School
  • Lafayette High School

Utilities

  • Window Unit Cooling System
  • Central Air
  • Multiple Heating Units
  • Cable TV Available

Community Details

  • 2 Buildings
  • Joe Huval Addition Subdivision

Listing and Financial Details

  • Total Actual Rent $840
  • Tax Lot 19

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$792

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2181
  • Lot Size: 50 x 190
  • Subdivision Name: Joe Huval Addition
  • Directions: NORTH UNIVERSITY, RIGHT ON MADELINE Ave., 515 MADELINE Ave., FRONT HOUSE FACES THE STREET, 515 1/2 MADELINE Ave., LOCATED BEHIND 515 MADELINE Ave.
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: No
  • Building Stories: 1
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 1

Interior Features

  • Number Of Buildings: 2
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Flooring: Other, Vinyl

Exterior Features

  • Fencing: Chain Link, Partial
  • Lot Features: Level
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Pillar/Post/Pier
  • Property Condition: 41 - 50 Years
  • Roof: Metal

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Cooling: Window Unit(s), AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Other, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Boucher
  • High School: Lafayette
  • Middle Or Junior School: Lafayette

Lot Info

  • Lot Size Sq Ft: 9500
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 1
  • Total Actual Rent: 840

Tax Info

  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2018
Closed on
Feb 7, 2019
Sold by
Acadiana Real Estate Acquisitions Llc
Bought by
Davis & Lowe Properties Llc
Seller's Agent
Justin Gauthreaux
Keaty Real Estate Team
Buyer's Agent
Lucius Hornsby
Coldwell Banker Pelican R.E.
List Price
$60,000
Current Estimated Value
$72,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$42,653
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Davis & Lowe Properties Llc $46,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis & Lowe Properties Llc $215,516
Closed Davis & Lowe Properties Llc $42,653
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2019 02/07/19 Sold -- -- --
12/29/2018 12/29/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $60,000 -- $91 / 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 $792 $7,527 $1,407 $6,120
2023 $792 $7,527 $1,407 $6,120
2022 $788 $7,527 $1,407 $6,120
2021 $790 $7,527 $1,407 $6,120
2020 $788 $7,527 $1,407 $6,120
2019 $620 $7,527 $1,407 $6,120
2018 $768 $7,527 $1,407 $6,120
2017 $767 $7,527 $1,407 $6,120
2015 $562 $5,520 $420 $5,100
2013 -- $5,520 $420 $5,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Justin Gauthreaux

    Keaty Real Estate Team

  • L

    Buyer's Agent in 2019

    Lucius Hornsby

    Coldwell Banker Pelican R.E.

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 18010526

REALTOR® Association of Acadiana

APN: 6037065

Louisiana Lafayette Parish Lafayette 70501 Mills North

515 Madeline Ave, Lafayette, LA

This home is located at 515 Madeline Ave, Lafayette, LA 70501 since 09 October 2018 and is currently estimated at $72,962, approximately $111 per square foot. 515 Madeline Ave is a home located in Lafayette Parish with nearby schools including J.W. Faulk 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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