NOT LISTED FOR SALE

72216 Rainbow Dr Covington, LA 70433

Estimated Value: $406,756

Studio
-- Bath
5,734 Sq Ft
$71/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2020

Current estimated payment $2,641 / 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

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
$406,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.80%
Original Mortgage
$320,000
Outstanding Balance
$281,038
Interest Rate
3.73%
Mortgage Type
Commercial
Estimated Equity
$125,718
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

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

    5 in this area

    14 Total Sales

    DAVID DERBES
    Section Image

  • B

    Buyer's Agent in 2020

    Barry Escher

    Meredith Escher Schroder Real Estate, LLC

    Section Image
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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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