97-103 Trace Loop Mandeville, LA 70448
Highlights
- Traditional Architecture
- Central Heating and Cooling System
- Rectangular Lot
- Woodlake Elementary School Rated A-
- Property is in very good condition
About This Home
As of April 2025Excellent Investment opportunity in the popular Greenleaves subdivision! This property consists of four spacious units totaling over 4000 square feet, each with 3 bedrooms and 2 bathrooms. All 4 units are professionally managed with qualified tenants in place with adjustable rents. Each unit includes features such as a wood-burning fireplace and in-unit laundry hookups with 3 of the 4 just renovated within the last 2 years with fresh paint, new LVP flooring, refreshed cabinets, and more. There is ample tenant and visitor parking along with a open park-like rear yard for tenants to enjoy. Recent property updates include new electrical panels and newer AC units both inside and out. The complex is in an area with walking paths, bike trails, ponds, and parks, and is just minutes from I-12, the Causeway, Lakefront, Old Mandeville shops and restaurants, the Trace, and popular music and community events, as well as being in a high-demand school district.With so much to offer, this could be the perfect property to add to your portfolio or help to start your reaching your investment goals!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,065
Year Built
- Built in 1983
Lot Details
- Lot Dimensions are 95 x 124
- Rectangular Lot
- Property is in very good condition
Parking
- Parking Lot
Home Design
- Quadruplex
- Traditional Architecture
- Slab Foundation
- Shingle Roof
Interior Spaces
- 4,070 Sq Ft Home
- Property has 2 Levels
Bedrooms and Bathrooms
- 12 Bedrooms
- 8 Full Bathrooms
Schools
- Woodlake Elementary School
- Gayle Sloan Middle School
- Fontainebleau High School
Additional Features
- City Lot
- Central Heating and Cooling System
Community Details
- 4 Units
- Greenleaves Trace Subdivision
Listing and Financial Details
- Tenant pays for electricity, water
- Tax Lot 43
- Assessor Parcel Number 49214
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | -- | -- | -- |
| 03/12/2025 03/12/25 | Pending | -- | -- | -- |
| 02/12/2025 02/12/25 | Price Changed | $549,000 | -2.7% | $135 / Sq Ft |
| 12/11/2024 12/11/24 | For Sale | $564,000 | 0.0% | $139 / Sq Ft |
| 12/01/2024 12/01/24 | Pending | -- | -- | -- |
| 11/12/2024 11/12/24 | Price Changed | $564,000 | -2.6% | $139 / Sq Ft |
| 10/21/2024 10/21/24 | For Sale | $579,000 | +2.5% | $142 / Sq Ft |
| 11/12/2021 11/12/21 | Sold | -- | -- | -- |
| 10/13/2021 10/13/21 | Pending | -- | -- | -- |
| 09/28/2021 09/28/21 | For Sale | $565,000 | -- | $128 / Sq Ft |
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 | $5,065 | $40,722 | $6,000 | $34,722 |
| 2023 | $5,065 | $37,398 | $6,000 | $31,398 |
| 2022 | $495,710 | $37,398 | $6,000 | $31,398 |
| 2021 | $4,661 | $35,232 | $6,000 | $29,232 |
| 2020 | $4,656 | $35,232 | $6,000 | $29,232 |
| 2019 | $4,410 | $32,165 | $6,000 | $26,165 |
| 2018 | $4,416 | $32,165 | $6,000 | $26,165 |
| 2017 | $4,457 | $32,165 | $6,000 | $26,165 |
| 2016 | $4,492 | $32,165 | $6,000 | $26,165 |
| 2015 | $4,238 | $29,533 | $6,000 | $23,533 |
| 2014 | $4,193 | $29,533 | $6,000 | $23,533 |
| 2013 | -- | $29,533 | $6,000 | $23,533 |
Source: ROAM MLS
MLS Number: 2472876
APN: 49214