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115 Olivewood Drive

115 Olivewood Drive, Lafayette, LA 70508
Property in Lafayette
Sold Aug 07, 2020
$286,000
$257,400 by Gmfs Llc
Mortgage
Sold Jul 05, 2017
$266,900
$213,520 by Bank Of America Na
Mortgage Due Jul 01, 2047
115 Olivewood Drive has been categorized by the local assessors in Lafayette, LA as a residential type of property. The building on the property was first built in 2017 and is 7 years old. In addition, 115 Olivewood Drive has 1,782 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,405 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 572 sqft. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. 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, 115 Olivewood Drive sold most recently in Aug 6, 2020 for a total of $286,000. If you work out the math, that's approximately a cost of $160.49 per sqft. Before that, the property was also sold for $266,900 in Jun 30, 2017. 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 $2,101 in taxes each year. 115 Olivewood Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $26,193. If we break it down further, the land itself was valued at $5,700. Improvements to the property, however, were assessed at a total of $20,493. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2017
  • Effective Year Built: 2017
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 572
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 1,782
  • Building Area: 1,782
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,782
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WOODLANDS OF ACADIANA PH 1
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT 19 WOODLANDS OF ACADIANA PH 1

Ownership

  • Current Owner : FONTENOT TAYLOR OSBORN
  • Previous Owner : BARR TYLER NORMAN
  • Previous Owner 2: BARR JILLIAN TRICIA
  • Owner Before Previous Owner: LANCASTER PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lafayette Parish School District
  • Census Tract: 001417

Geography

  • District: 04
  • Subdivision Phase Number: 1
  • Parcel: 6160506
  • Lot: 19
  • Meridian: SEC 035 TWN 10S RNG 04E
  • Municipality: CITY OF LAFAYETTE
  • Latitude: 30.1309
  • Longitude: -92.0269

    Address

  • Full Address: 115 Olivewood Dr
  • Address - House Number: 115
  • Address - Street Name: Olivewood
  • Address - Suffix Type: Dr
  • State: LA
  • City Name: Lafayette
  • Carrier Code: R044
  • 4-Digit Zip Code: 8187
  • Zip Code: 70508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,101
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.1583
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 80
  • Final Value: 339,280
  • High Value: 392,998
  • Low Value: 285,563

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $257,400
  • First Open Lien Mortgage Lender: GMFS LLC
  • First Open Lien Mortgage Recording Date: Aug 07, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $257,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $261,930
  • Market Land Value: $57,000
  • Market Improvement Value: $204,930

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $26,193
  • Assessed Land Value: $5,700
  • Assessed Improvements Value: $20,493

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Aug 06, 2020
  • Current Sale Recording Date: Aug 07, 2020
  • Current Sale Transaction ID: 11783912352
  • Current Sale Price: $286,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2020-00026805
  • Previous Sale Recording Date: Jul 05, 2017
  • Previous Sale Contract Date: Jun 30, 2017
  • Previous Sale Amount: $266,900
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GMFS LLC
  • First Mortgage Transaction Date: Aug 07, 2020
  • First Mortgage Loan Amount: $257,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jul 05, 2017
  • Previous Mortgage Loan Amount: $213,520
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047

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Frequently Asked Questions

What neighborhood is 115 Olivewood Drive located in?
The 115 Olivewood Drive is a located in the neighborhood of Lafayette in Lafayette, Lafayette.
What is the average sales price for listings in 115 Olivewood Drive?
The average sales price for units in 115 Olivewood Drive is $0 currently.

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