$112,500
SOLD DEC 12, 2014
Last list price

700 Sweetbriar St Lafayette, LA 70506

Central Lafayette Parish Neighborhood
-- Bed
-- Bath
3,800 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$30 Per Sq Ft

363 Days on Market

About This Home

As of December 2019

Multi family investment consisting of six well maintained fourplexes in Ille Des Cannes subdivision. This investment provides a 12% cap rate and potential cash on cash return of nearly 30% (based on 20% down, 20 yr am and 5.25% interest rate). Each of the 24 total units are two bedrooms, 1 bath and approximately 900 sq ft. Some units have been completely renovated while others have gone through various stages of updating. Most units are in above average condition. Located near Acadiana High School and close to all of Lafayette's most popular destination. If you have been considering investing in real estate or looking to add to your portfolio, this is a deal to strongly consider.207 Belfast, 601 Berlin, 205 Dorchester, 100 Fairfax, 204 Falcon,700 Sweetbriar.

Last Agent to Sell the Property

Paul Bako

Coldwell Banker Pelican R.E. Listed on: 11/27/2013

Last Buyer's Agent

RUTHI MILLER

Keller Williams Realty Acadiana

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $911

HOA Fees

  • $100 Monthly HOA Fees

Parking

  • 6 Parking Spaces

Home Design

  • 3,800 Sq Ft Home
  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Frame Construction

Schools

  • Prairie Elementary School
  • Edgar Martin Middle School
  • Acadiana High School

Utilities

  • Central Heating and Cooling System
  • Multiple Heating Units
  • Private Water Source

Listing and Financial Details

  • Total Actual Rent $500

Community Details

Overview

  • 4 Units
  • Ile Des Cannes Subdivision

Building Details

  • 1 Leased Unit
  • Insurance Expense $110
  • Other Expense $100
  • New Taxes Expense $70

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$911

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 0
  • Subdivision Name: Ile Des Cannes
  • Directions: Ambassador to Dulles. Turn on Dulles toward Scott. left on Hebert right on Sweetbriar.
  • New Construction: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None

Interior Features

  • Appliances: Refrigerator

Exterior Features

  • Construction Type: Brick, Frame, Brick Veneer
  • Foundation Details: Slab
  • Property Condition: 21 - 30 Years

Garage/Parking

  • Total Parking Spaces: 6

Utilities

  • Cooling: Central Air, AC Unit(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Unit(s)
  • Heating Yn: Yes
  • Sewer: Commercial Sewer
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 100
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Elementary School: Prairie
  • High School: Acadiana
  • Middle Or Junior School: Edgar Martin

Lot Info

  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 4
  • Insurance Expense: 110
  • Number Of Units Leased: 1
  • Total Actual Rent: 500

Tax Info

  • New Taxes Expense: 70
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2019
Closed on
Dec 18, 2019
Sold by
Acadaina Realty Llc
Bought by
Johnson Andrea
Seller's Agent
Anna Ward
Reliance Real Estate Group
Buyer's Agent
Lauren Gardiner
Keller Williams Realty Acadiana
List Price
$118,000
Current Estimated Value
$165,497

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.05%
Original Mortgage
$84,375
Outstanding Balance
$75,341
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$65,290

Purchase Details

Closed on
Nov 2, 2017
Sold by
Boutte Paula Michelle
Bought by
Acadiana Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 27, 2013
Closed on
Dec 12, 2014
Sold by
Drewpaul Llc
Bought by
Boputts Paula Michelle
Seller's Agent
Paul Bako
Coldwell Banker Pelican R.E.
Buyer's Agent
RUTHI MILLER
Keller Williams Realty Acadiana
List Price
$112,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.78%

Purchase Details

Closed on
Jan 4, 2007
Sold by
Peltier Constantine Theresa and Peltier Martin Theresa Constantine
Bought by
Skirlis Zavala Kondilo Delilah

Purchase Details

Closed on
Jul 1, 2005
Sold by
Prejean Jason Judy
Bought by
Constantine Theresa
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 Type Sale Price Title Company
Cash Sale Deed $112,500 First American Title
Deed $107,500 Commonwealth Land Title
Cash Sale Deed $105,000 None Available
Cash Sale Deed $90,000 None Available
Cash Sale Deed $49,889 None Available
Cash Sale Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $84,375 New Conventional
Previous Owner $50,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2019 12/20/19 Sold -- -- --
11/07/2019 11/07/19 Pending -- -- --
10/25/2019 10/25/19 For Sale $118,000 +4.9% $31 / Sq Ft
12/12/2014 12/12/14 Sold -- -- --
11/26/2014 11/26/14 Pending -- -- --
11/27/2013 11/27/13 For Sale $112,500 -- $30 / 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 $911 $10,316 $500 $9,816
2023 $911 $9,850 $500 $9,350
2022 $867 $9,850 $500 $9,350
2021 $871 $9,850 $500 $9,350
2020 $870 $9,850 $500 $9,350
2019 $827 $9,850 $500 $9,350
2018 $845 $9,850 $500 $9,350
2017 $844 $9,850 $500 $9,350
2015 $841 $9,850 $500 $9,350
2013 -- $9,850 $500 $9,350
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2019

    Anna Ward

    Reliance Real Estate Group

    (337) 303-8725

    19 in this area

    248 Total Sales

    Section Image

  • L

    Buyer's Agent in 2019

    Lauren Gardiner

    Keller Williams Realty Acadiana

  • P

    Seller's Agent in 2014

    Paul Bako

    Coldwell Banker Pelican R.E.

  • R

    Buyer's Agent in 2014

    RUTHI MILLER

    Keller Williams Realty Acadiana

See All Agents

Map

Source: REALTOR® Association of Acadiana

MLS Number: 13249181

REALTOR® Association of Acadiana

APN: 6070481

Louisiana Lafayette Parish Lafayette 70506 Central Lafayette Parish

700 Sweetbriar St, Lafayette, LA

This home is located at 700 Sweetbriar St, Lafayette, LA 70506 and is currently estimated at $112,500, approximately $29 per square foot. 700 Sweetbriar St is a home located in Lafayette Parish with nearby schools including Westside Elementary School, Scott Middle School, and Acadiana 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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