RENTED JUN 14, 2025

72198 Formosa Dr Covington, LA 70433

Estimated Value: $194,000 - $775,445

3 Beds
2 Baths
1,197 Sq Ft
$495/Sq Ft Est. Value

Highlights

  • Granite Countertops
  • Central Heating and Cooling System
  • Dogs Allowed
  • Porch
  • Ceiling Fan
  • Rectangular Lot

About This Home

As of June 2025

Newer constructed 3bd/2bth rental just 5 mins to downtown Covington and 5 min to the heart of Abita Springs. Open floor plan living with large living room, spacious dining area, kitchen with granite counters and breakfast bar. Three spacious bedrooms with large closets and blinds throughout. Stylish finished stained concert floors make clearing up a breeze. This duplex features a partial privacy fence to separate front and backyards, two dedicated parking spots, sidewalks, and views of the Tammany Trace from the back patio. Covered porches on the front and back. Small pet at owner's discretion.

Last Agent to Rent the Property

Gayle Macomber

RE/MAX Select License #000025577 Listed on: 05/12/2025

RE/MAX Select

Last Renter's Agent

Tracie Smith

Keller Williams Realty Services License #995716609

Keller Williams Realty Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2023

Lot Details

  • 0.85

Home Design

  • Duplex
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,197 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Parking Lot
  • Assigned Parking

Schools

  • Lyon Elem. Elementary School
  • Pine View Middle School
  • Covington High School

Additional Features

  • Porch
  • Rectangular Lot
  • Outside City Limits
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,600
  • Tenant pays for electricity, water
  • Assessor Parcel Number 128960

Community Details

Overview

  • Not A Subdivision

Pet Policy

  • Pet Deposit $500
  • Dogs Allowed
  • Breed Restrictions

Property Details

Home Type

Multi-Family

Year Built

Built in 2023

Lot Details

0

Rental Info

  • Tenant Pays: Electricity, Water
  • Security Deposit: 1600.0
  • Pet Deposit: 500.0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Lease
  • Subdivision Name: Not a Subdivision
  • Directions: From Hwy 36 turn onto Formosa Dr, complex on right
  • Year Built: 2023
  • Property Sub Type Additional: Duplex
  • Special Features: NewHome

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dishwasher, Microwave, Oven, Range
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Fan(s), Carbon Monoxide Detector, Granite Counters
  • Living Area: 1197.0
  • Stories: 1

Exterior Features

  • Lot Features: Outside City Limits, Rectangular Lot
  • Pool Features: None
  • Construction Type: Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Porch

Garage/Parking

  • Parking Features: Assigned, Parking Lot, Two Spaces

Utilities

  • Security: Smoke Detector(s)
  • Cooling: Central Air, 1 Unit
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Pets Allowed: Dogs OK, Pet Restrictions

Schools

  • Elementary School: Lyon Elem.
  • High School: Covington
  • Middle Or Junior School: Pine View

Lot Info

  • Parcel #: 128960

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2020
Sold by
Beulah Enterprises Llc
Bought by
Smb Construction Llc
Current Estimated Value
$592,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,800
Outstanding Balance
$244,705
Interest Rate
3.74%
Mortgage Type
Commercial
Estimated Equity
$347,406
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
Smb Construction Llc $36,500 Winters Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smb Construction Llc $276,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/14/2025 06/14/25 Rented $1,600 0.0% --
05/27/2025 05/27/25 Under Contract -- -- --
05/12/2025 05/12/25 For Rent $1,600 +28.0% --
11/04/2020 11/04/20 For Rent $1,250 0.0% --
11/04/2020 11/04/20 Rented $1,250 -- --
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 $8,469 $68,086 $4,000 $64,086
2023 $8,845 $31,258 $4,000 $27,258
2022 $403,010 $31,258 $4,000 $27,258
2021 $4,050 $31,258 $4,000 $27,258
2020 $511 $4,000 $4,000 $0
2019 $232 $1,760 $1,760 $0
2018 $236 $1,760 $1,760 $0
2017 $238 $1,760 $1,760 $0
2016 $239 $1,760 $1,760 $0
2015 $236 $1,700 $1,700 $0
2014 $235 $1,700 $1,700 $0
2013 -- $1,700 $1,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Gayle Macomber

    Landlord's Agent in 2025

    Gayle Macomber

    RE/MAX

    (985) 290-2573

    1 in this area

    113 Total Sales

    Gayle Macomber
    Section Image

  • T

    Tenant's Agent in 2025

    Tracie Smith

    Keller Williams Realty Services

    (985) 860-3737

    1 in this area

    13 Total Sales

    Tracie Smith
    Section Image
  • ROB DAVIS

    Seller's Agent in 2020

    ROB DAVIS

    The W Group Real Estate LLC

    (985) 789-7333

    10 in this area

    52 Total Sales

    ROB DAVIS
    Section Image
  • NICOLE LARCOMBE

    Buyer's Agent in 2020

    NICOLE LARCOMBE

    ERA PowerMark Properties

    (504) 559-7495

    3 in this area

    34 Total Sales

    NICOLE LARCOMBE
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2501348

APN: 128960

Louisiana St Tammany Parish Covington 70433

72198 Formosa Dr, Covington, LA

Not Listed for Sale

MultiFamily

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