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1005 West Congress Street

1005 West Congress Street, Lafayette, LA 70501
Property in Lafayette
Sold Jul 20, 2020
$126,500
$125,000 by Gerard L Smith
Mortgage Due Aug 01, 2025
1005 West Congress Street in Lafayette, LA was first built in 1860 and is 164 years old. This has been categorized as a residential property type. 1005 West Congress Street has 1,050 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 7,841 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 194 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1005 West Congress Street sold most recently in Jul 17, 2020 for a total of $126,500. If you work out the math, that's approximately a cost of $120.48 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $987 in taxes each year. 1005 West Congress Street was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $9,348. If we break it down further, the land itself was valued at $1,998. Improvements to the property, however, were assessed at a total of $7,350. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 194
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,841
  • Total Building Area: 1,050
  • Building Area: 1,050
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,050
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SOUVENIR HEIGHTS
  • Land Acres: 0.18
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: N 75FT LOTS 40-41-42-43 BLK 7 SOUVENIR HEIGHTS P LOTS 40-41-42-43 BLK 7 SOUVENIR HEIGHTS

Ownership

  • Current Owner : SMITH NICHOLAS REED
  • Previous Owner : MEDUS GARY EDWARD
  • Previous Owner 2: MEDUS SUSAN MCCARON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lafayette Parish School District
  • Census Tract: 000100

Geography

  • District: 04
  • Parcel: 6051275
  • Block: 7
  • Lot: 40-43
  • Meridian: SEC 026 TWN 09S RNG 04E
  • Municipality: CITY OF LAFAYETTE
  • Latitude: 30.2269
  • Longitude: -92.0258

    Address

  • Full Address: 1005 W Congress St
  • Address - House Number: 1005
  • Street Direction: W
  • Address - Street Name: Congress
  • Address - Suffix Type: St
  • State: LA
  • City Name: Lafayette
  • Carrier Code: C044
  • 4-Digit Zip Code: 5605
  • Zip Code: 70501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $987
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.4294
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 14
  • Final Value: 141,061
  • High Value: 201,639
  • Low Value: 80,482

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $125,000
  • First Open Lien Mortgage Lender: GERARD L SMITH
  • First Open Lien Mortgage Recording Date: Jul 20, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $125,000
  • First Open Lien Mortgage Term: 60
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Seller take-back
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2025

    Market Valuation

  • Market Total Value: $93,480
  • Market Land Value: $19,980
  • Market Improvement Value: $73,500

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $9,348
  • Assessed Land Value: $1,998
  • Assessed Improvements Value: $7,350

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 17, 2020
  • Current Sale Recording Date: Jul 20, 2020
  • Current Sale Transaction ID: 11781327643
  • Current Sale Price: $126,500
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 2020-00023779

    Last Sale Mortgage

  • First Mortgage Lender: GERARD L SMITH
  • First Mortgage Transaction Date: Jul 20, 2020
  • First Mortgage Loan Amount: $125,000
  • First Mortgage Terms: 60
  • First Mortgage Loan Type: Seller take-back
  • First Mortgage Loan Due Date: Aug 01, 2025

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1005 West Congress Street located in?
The 1005 West Congress Street is a located in the neighborhood of Lafayette in Lafayette, Lafayette.
What is the average sales price for listings in 1005 West Congress Street?
The average sales price for units in 1005 West Congress Street is $0 currently.

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