NOT LISTED FOR SALE

72216 Rainbow Dr Covington, LA 70433

Covington Area

Estimated Value: $416,414

Studio
-- Bath
5,734 Sq Ft
$73/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2020

Current estimated payment $2,731 / mo

265 Days on Market

Highlights

  • 0.69 Acre Lot
  • Rectangular Lot
  • Property has 1 Level

About This Home

As of January 2020

5,734 SF Well Maintained Warehouse, Including 3,025 SF of Air Conditioned Warehouse space with Upgraded Energy Efficient Lighting, painted Concrete Floors, and Bathroom with Shower. Space contains 2 small offices, 1 Large office, 2nd Floor Mezzanine (324 SF), and 3rd Floor Storage (594 SF). Metal siding and Metal roof, Blacktop Parking in rear.

Last Agent to Sell the Property

DAVID DERBES

David S. Derbes, Inc License #000045292 Listed on: 03/19/2019

Last Buyer's Agent

Barry Escher

Meredith Escher Schroder Real Estate, LLC License #000042718

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Property Details

Property Type

  • Other

Year Built

  • Built in 1980

Lot Details

  • 30,056 Sq Ft Lot
  • Lot Dimensions are 140x272x105x302
  • Rectangular Lot
  • The community has rules related to zoning restrictions
  • Zoning described as I-1

Home Design

  • Metal Siding

Interior Spaces

  • 5,734 Sq Ft Home
  • Property has 1 Level

Parking

  • 3 Parking Spaces
  • Parking Lot

Location

  • Outside City Limits

Community Details

  • Rainbow Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 7043372216RainbowDR15

Property Details

Property Type

Other

Year Built

Built in 1980

Lot Details

0.69 Acres

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.69
  • Lot Size: 140X272X105X302
  • Subdivision Name: Rainbow
  • Directions: Abita Hwy 36, go approximately 1.5 miles, turn Right onto Rainbow Dr., Warehouse at end of street
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Industrial, Warehouse
  • Year Built Details: 38
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1
  • Year Built: 1980

Exterior Features

  • Lot Features: Outside City Limits, Rectangular Lot
  • Construction Type: Metal Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Lot, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 7043372216RainbowDR15
  • Zoning Description: I-1
  • Zoning: I-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 15

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2019
Closed on
Jan 9, 2020
Sold by
Bought by
Seller's Agent
DAVID DERBES
David S. Derbes, Inc
Buyer's Agent
Barry Escher
Meredith Escher Schroder Real Estate, LLC
List Price
$309,000
Current Estimated Value
$416,414

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$320,000
Outstanding Balance
$277,996
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$138,418
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Covington, LA

  • Shelley Simmons Real Estate Agent - Elevate Real Estate Services

    Shelley Simmons

    Elevate Real Estate Services

    (225) 577-6157

    70 Total Sales

    3 in Covington

    $450,000 Price Range

    Shelley Simmons
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  • Hayden Bell Real Estate Agent - Kaizen Home Sales and Services, LLC

    Hayden Bell

    Responds Quickly

    Kaizen Home Sales and Services, LLC

    (225) 304-4090

    63 Total Sales

    1 in Covington

    $155,000 Price

    Hayden Bell
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  • Lori L. Hess Real Estate Agent - Hess Properties

    Lori L. Hess

    Hess Properties

    (504) 513-6688

    22 Total Sales

    12 in Covington

    $320K - $1.8M Price Range

    Lori L. Hess
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  • Remy Curry Real Estate Agent - Real Broker LLC

    Remy Curry

    Real Broker LLC

    (225) 412-2077

    265 Total Sales

    1 in Covington

    $570,000 Price

    Remy Curry
     Section Image
  • Laura Buck Smith Real Estate Agent - The Market Real Estate Co

    Laura Buck Smith

    The Market Real Estate Co

    (225) 577-5281

    996 Total Sales

    5 in Covington

    $155K - $199K Price Range

    Laura Buck Smith
     Section Image
  • Kelly Marbry Real Estate Agent - Engel & Völkers New Orleans

    Kelly Marbry

    Engel & Völkers New Orleans

    (504) 285-4070

    93 Total Sales

    3 in Covington

    $232,000 Price Range

    Kelly Marbry
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$320,000 Crescent Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $320,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/09/2020 01/09/20 Sold -- -- --
12/10/2019 12/10/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $309,000 -- $54 / Sq Ft
Source: ROAM MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,261 $38,501 $0 $38,501
2024 $5,261 $38,501 $0 $38,501
2023 $5,495 $21,992 $2,132 $19,860
2022 $283,542 $21,992 $2,132 $19,860
2021 $2,850 $21,992 $2,132 $19,860
2020 $2,807 $21,992 $2,132 $19,860
2019 $2,815 $21,352 $2,070 $19,282
2018 $2,863 $21,352 $2,070 $19,282
2017 $2,884 $21,352 $2,070 $19,282
2016 $2,897 $21,352 $2,070 $19,282
2015 $2,861 $20,630 $2,000 $18,630
2014 $2,846 $20,630 $2,000 $18,630
2013 -- $20,630 $2,000 $18,630
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    DAVID DERBES

    David S. Derbes, Inc

    (985) 892-8980

    14 Total Sales

    DAVID DERBES
    Section Image

  • B

    Buyer's Agent in 2020

    Barry Escher

    Meredith Escher Schroder Real Estate, LLC

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Map

Source: ROAM MLS

MLS Number: 2194306

APN: 129193

Louisiana St Tammany Parish Covington 70433

72216 Rainbow Dr, Covington, LA

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