NOT LISTED FOR SALE

707 S Polk St Welsh, LA 70591

Estimated Value: $155,000 - $183,000

-- Bed
-- Bath
25,700 Sq Ft
2002 Built

Last Sold June 30, 2023

Current estimated payment $942/month

41 Days on Market

Highlights

  • Energy-Efficient Appliances
  • Central Heating and Cooling System
  • 2-minute walk to Sportsman Park
  • Welsh High School Rated A-

About This Home

As of June 2023

Are you in search of an investment property? If so, look no further! This duplex currently holds 2 leases, 1 which is month to month. Both units are two bedrooms, one-bathroom units. This property offers large bedrooms and large kitchens. All kitchen appliances will remain with the properties. Each unit also offers attached outdoor storage rooms. In addition to the duplex, there are two large lots to the North of the duplexes, to be included in this sell. Double wide mobile homes are allowed. Tenants require 24 hour notice for showing. ALL MEASUREMENTS ARE MORE/LESS

Property Details

Home Type

  • Condominium

Year Built

  • 2002

Kitchen

  • Electric Range
  • Dishwasher

Additional Features

  • Energy-Efficient Appliances
  • Outside City Limits
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,580

Community Details

Overview

  • 2 Units

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Water Meters
  • Operating Expense $347
  • Gross Income $1,580
  • Net Operating Income $1,233

Property Details

Home Type

Condominium

Year Built

2002

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Lot Features: Outside City Limits, Yard
  • Lot Size: 0.587
  • Co List Office Phone: 337-602-6052
  • Special Conditions: Standard
  • Directions: Hwy 90 I-10 East To Welsh, Exit 54, South On Hwy 99, East On Hwy 90, South On S Polk St, Duplex Is On The Right.
  • Has Cooling?: Yes
  • Is New Construction?: No
  • Property Attached Yn: No
  • PropertySubTypeAdditional: Apartment
  • DaysOnMarketReplicationIncreasingYN: No
  • CurrentPrice: 148300.0
  • Special Features: VirtualTour
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Number Of Buildings: 1
  • Appliances: Dishwasher, Electric Range, Refrigerator

Utilities

  • Green Building Features: Appliances
  • Cooling: Central Air
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Electricity Connected, Water Available, Water Connected
  • Water Source: Public

Lot Info

  • Land Lease: No
  • Additional Parcels: No

Rental Info

  • Rent Control: No

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 1580.0
  • Property Net Operating Income: 1233.0
  • Annual Operating Expense: 347.0
  • Total Actual Rent: 1580.0
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2024
Sold by
South Polk Street Llc
Bought by
M633 Properties Llc
Current Estimated Value
$156,922

Purchase Details

Listed on
Oct 19, 2015
Closed on
Jun 13, 2016
Sold by
Richard Elia M
Bought by
Ford Benjamin J
Seller's Agent
VALERIE COX UNKEL
Flavin Realty, Inc.
List Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.93%
Original Mortgage
$122,735
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 3, 2005
Sold by
Co B & J Abell Farms Inc
Bought by
Richard Elia Marie
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
M633 Properties Llc $150,000 None Listed On Document
Ford Benjamin J $125,000 First American Title
Richard Elia Marie $17,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ford Benjamin James $119,250
Previous Owner Ford Benjamin J $122,735
Previous Owner Richard Elia Marie $91,000
Previous Owner Richard Elia Marie $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2023 06/30/23 Sold -- -- --
05/16/2023 05/16/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $170,000 +9.7% $7 / Sq Ft
06/13/2016 06/13/16 Sold -- -- -- View Prior Sale
03/29/2016 03/29/16 Pending -- -- --
10/19/2015 10/19/15 For Sale $155,000 -- $106 / Sq Ft
Source: Southwest Louisiana Association of REALTORS®

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 $1,397 $16,400 $2,100 $14,300
2023 $1,226 $16,400 $2,100 $14,300
2022 $1,226 $16,400 $2,100 $14,300
2021 $1,226 $16,400 $2,100 $14,300
2020 $1,225 $16,400 $2,100 $14,300
2019 $1,180 $15,500 $1,800 $13,700
2018 $1,353 $15,500 $1,800 $13,700
2017 $1,355 $15,500 $1,800 $13,700
2015 $1,201 $13,800 $1,800 $12,000
2014 $1,202 $13,800 $1,800 $12,000
2013 $1,230 $7,800 $1,800 $6,000
Source: Public Records

Agents Affiliated with this Home

  • V

    Seller's Agent in 2016

    VALERIE COX UNKEL

    Flavin Realty, Inc.

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Map

Source: Southwest Louisiana Association of REALTORS®

MLS Number: SWL23002125

APN: 660522661

Louisiana Jeff n Davis Parish Welsh 70591

707 S Polk St, Welsh, LA

Not Listed for Sale

Condos

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