NOT LISTED FOR SALE

78492 Highway 25 Folsom, LA 70437

Estimated Value: $310,000 - $466,000

8 Beds
8 Baths
4,440 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 09, 2019

Current estimated payment $2,188/month

90 Days on Market

Highlights

  • Porch
  • Central Heating and Cooling System
  • Property has 1 Level
  • Folsom Junior High School Rated A-

About This Home

As of August 2019

Great Investment opportunity. This property consists of 2 duplexes, total of 4 units, being sold all together. Buildings are exactly the same floor plan, however, built at different times. Units A/B--2002 and Units C/D--2009. Please note they are listed under one address but actually have 2 different addresses. Duplexes located just north of Covington on approximately 1+ acres. Each duplex shares a well and septic tank. All units are currently leased at time of listing.

Last Agent to Sell the Property

Rita Rebouche

Compass Covington (LATT27) License #000015308 Listed on: 04/10/2019

Compass Covington (LATT27)

Co-Listed By

KRISTIN ANDERSON

LATTER & BLUM License #0995699310

Last Buyer's Agent

David Holloway

Smith & Core, Inc. License #995680764

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 1.8 Acre Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Entry on the 1st floor
  • Brick Exterior Construction
  • Slab Foundation
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 4,440 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Additional Features

  • Porch
  • Outside City Limits

Community Details

  • 4 Units
  • Not A Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 7043778492Hwy25HY

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

1.8 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.8
  • Lot Size: 186 x
  • Co List Office Mls Id: GARDN30
  • Co List Office Phone: (985) 796-5959
  • Subdivision Name: Not a Subdivision
  • Directions: Travel North on Hwy 25 from Covington. Property is on right approximately 5 miles north of Hwy 190/Hwy 25 Intersection.
  • Architectural Style: Ranch
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 17
  • Year Built: 2002
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 1
  • Year Built: 2002

Interior Features

  • Full Bathrooms: 8
  • Total Bedrooms: 8
  • Living Area: 4440.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: 1 to 5 Acres, Outside City Limits
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Porch
  • Property Condition: Average Condition, Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Two Spaces

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Lot Info

  • Parcel #: 7043778492Hwy25HY
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Aug 9, 2019
Sold by
Ricks Barbara D
Bought by
Parlands Llc
Seller's Agent
Rita Rebouche
Compass Covington (LATT27)
Buyer's Agent
David Holloway
Smith & Core, Inc.
List Price
$388,000
Current Estimated Value
$377,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.11%
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
Parlands Llc $380,000 Winters Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold -- -- --
07/10/2019 07/10/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $388,000 -- $87 / Sq Ft
Source: ROAM MLS

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
2025 $2,712 $21,876 $2,500 $19,376
2024 $2,712 $21,876 $2,500 $19,376
2023 $2,808 $18,679 $2,500 $16,179
2022 $260,533 $18,679 $2,500 $16,179
2021 $2,601 $18,679 $2,500 $16,179
2020 $2,607 $18,679 $2,500 $16,179
2019 $2,504 $17,461 $1,553 $15,908
2018 $2,507 $17,461 $1,553 $15,908
2017 $2,630 $17,986 $1,553 $16,433
2016 $1,344 $9,154 $1,553 $7,601
2015 $2,669 $17,884 $1,500 $16,384
2014 $2,646 $17,884 $1,500 $16,384
2013 -- $17,884 $1,500 $16,384
Source: Public Records

Agents Affiliated with this Home

  • Rita Rebouche

    Seller's Agent in 2019

    Rita Rebouche

    Compass Covington (LATT27)

    (504) 669-8664

    2 in this area

    34 Total Sales

    Rita Rebouche
    Section Image

  • K

    Seller Co-Listing Agent in 2019

    KRISTIN ANDERSON

    LATTER & BLUM

  • David Holloway

    Buyer's Agent in 2019

    David Holloway

    Smith & Core, Inc.

    (985) 320-8173

    54 in this area

    293 Total Sales

    David Holloway
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2198925

APN: 17263

Louisiana St Tammany Parish Folsom 70437

78492 Highway 25, Folsom, LA

Not Listed for Sale

MultiFamily

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