NOT LISTED FOR SALE

716 W 21st Ave Covington, LA 70433

Estimated Value: $1,003,760

Studio
-- Bath
3,650 Sq Ft
$275/Sq Ft Est. Value

Last Sold December 01, 2016

Current estimated payment $5,753/month

34 Days on Market

Highlights

  • Corner Lot
  • Covington Elementary School Rated A-
  • Property has 1 Level

About This Home

As of December 2016

Fully operational restaurant site in prime Downtown Covington. Sale includes building, land. Near courthouse, hospital, and school board, retail shopping and residential area. Ample off-street parking.

Last Agent to Sell the Property

Khalid Alahmed

United Real Estate Partners License #000059538 Listed on: 09/27/2016

Last Buyer's Agent

Khalid Alahmed

United Real Estate Partners License #000059538 Listed on: 09/27/2016

Property Details

Property Type

  • Other

Year Built

  • Built in 2010

Lot Details

  • 0.41 Acre Lot
  • Lot Dimensions are 120 x 150
  • Corner Lot
  • The community has rules related to zoning restrictions
  • Zoning described as C-2

Parking

  • Parking Lot

Home Design

  • Cosmetic Repairs Needed
  • Concrete Block And Stucco Construction

Interior Spaces

  • 3,650 Sq Ft Home
  • Property has 1 Level

Location

  • City Lot

Community Details

  • Not A Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, janitorial service
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 70433716W21STAV

Property Details

Property Type

Other

Year Built

Built in 2010

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Business Type: Restaurant
  • Lot Size Acres: 0.41
  • Lot Size: 120 X 150
  • Subdivision Name: Not a Subdivision
  • Directions: At the corner of Tyler and W. 21st
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 40
  • Year Built: 2010
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1
  • Year Built: 2010

Interior Features

  • Owner Pays: Insurance, Taxes
  • Living Area: 3650.0

Exterior Features

  • Lot Features: Corner Lot, City Lot
  • Construction Type: Block
  • Property Condition: Repairs Cosmetic, Resale

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70433716W21STAV
  • Zoning Description: C-2
  • Zoning: C-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Janitorial Service

Multi Family

  • Annual Gross Income: 6835.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2021
Sold by
Sombreros Llc
Bought by
Ggg Properties Llc
Current Estimated Value
$1,003,760

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$474,619
Outstanding Balance
$433,450
Interest Rate
3.05%
Mortgage Type
Commercial
Estimated Equity
$570,310

Purchase Details

Listed on
Sep 27, 2016
Closed on
Dec 1, 2016
Sold by
Al Alim Llc
Bought by
Sombreros Llc
Seller's Agent
Khalid Alahmed
United Real Estate Partners
Buyer's Agent
Khalid Alahmed
United Real Estate Partners
List Price
$655,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%

Purchase Details

Closed on
Feb 20, 2009
Sold by
Abdelbaki Mbarek Hatem and Giardiello Jon F
Bought by
Coghulam Al Alim Llc and Arain Id

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
4.92%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
Ggg Properties Llc $800,000 First American Title Ins Co
Sombreros Llc $700,000 --
Coghulam Al Alim Llc $630,000 Crescent Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ggg Properties Llc $474,619
Previous Owner Coghulam Al Alim Llc $567,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2016 12/01/16 Sold -- -- --
11/01/2016 11/01/16 Pending -- -- --
09/27/2016 09/27/16 For Sale $655,000 -- $179 / Sq Ft
Source: ROAM MLS

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 $6,486 $41,375 $0 $41,375
2023 $6,758 $61,625 $20,250 $41,375
2022 $729,396 $61,625 $20,250 $41,375
2021 $7,283 $61,625 $20,250 $41,375
2020 $7,303 $61,625 $20,250 $41,375
2019 $7,408 $60,034 $18,810 $41,224
2018 $7,417 $60,034 $18,810 $41,224
2017 $7,490 $60,034 $18,810 $41,224
2016 $7,525 $60,034 $18,810 $41,224
2015 $7,391 $57,449 $18,000 $39,449
2014 $7,318 $57,449 $18,000 $39,449
2013 -- $57,449 $18,000 $39,449
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2016

    Khalid Alahmed

    United Real Estate Partners

    (985) 898-5888

    24 in this area

    57 Total Sales

    Khalid Alahmed
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Map

Source: ROAM MLS

MLS Number: 2076437

APN: 22460

Louisiana St Tammany Parish Covington 70433

716 W 21st Ave, Covington, LA

Not Listed for Sale

Other

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