124 Festival Lane

Local assessors in Lafayette, LA have categorized 124 Festival Lane as a residential type of property. The home was built in 2005 and is 19 years old. The property's lot size has been calculated to be 7,405 square feet. The linear feet between the front and back of the lot was measured at 1,280 ft and the front of the lot was measured at 830 ft. If we look only at the heated or air conditioned part of the building, then 124 Festival Lane has a total of 1,370 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 508 sqft. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 124 Festival Lane was last sold in Apr 9, 2018 for $162,500. According to our calculations, that's $118.61 per sqft. Current property owners are expected to pay $690 in taxes per year. The property on 124 Festival Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $14,589. To break that down further, the land itself was valued at $2,432. While improvements to the property were assessed at a total of $12,157. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.