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126 Madi Circle

126 Madi Circle, Lafayette, LA 70506
House in Lafayette
Sold Jan 06, 2020
$450,000
$360,000 by Iberiabank
Mortgage Due Feb 01, 2050
Sold Nov 17, 2015
$30,000
126 Madi Circle in Lafayette, LA was first built in 2016 and is 8 years old. This has been categorized as a residential property type. 126 Madi Circle has 2,857 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. The linear feet across the front of the lot is 500 ft and the linear feet between the front and back of the lot is 2,550. In total, the area measurement of the land is 20,909 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 796 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. 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, 126 Madi Circle was last sold in Jan 6, 2020 for $450,000. According to our calculations, that's $157.51 per sqft. Prior to that sales transaction, the property was sold for $30,000 in Nov 16, 2015. Current property owners are expected to pay $2,779 in taxes per year. The property on 126 Madi Circle was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $38,961. To break that down further, the land itself was valued at $3,137. While improvements to the property were assessed at a total of $35,824. 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. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay 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.

Building Features

Exterior

Brick Exterior
Stucco Exterior

Parking

Garage Parking
Open Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: B
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 796
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,909
  • Lot Size Depth Feet: 2,550
  • Lot Size Frontage Feet: 500
  • Total Building Area: 2,857
  • Building Area: 2,857
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,857
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MADISON CIRCLE
  • Land Acres: 0.48
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT 14 MADISON CIRCLE (50X255X166.14X239.96)

Ownership

  • Current Owner : REAUX JEFF R
  • Current Owner 2: REAUX SHAWN BROUSSARD
  • Previous Owner : GRAHAM JACOB WILLIAM
  • Previous Owner 2: GRAHAM OLIVIA TRAHAN
  • Owner Before Previous Owner: COUVILLION GERALD MICHAEL
  • Owner Before Previous Owner 2: COUVILLION FRANCES ROUNTREE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lafayette Parish School District
  • Census Tract: 001905

Geography

  • District: 88
  • Parcel: 6145157
  • Lot: 14
  • Meridian: SEC 037 TWN 10S RNG 03E
  • Municipality: UNINCORPORATED
  • Latitude: 30.1401
  • Longitude: -92.1216

    Address

  • Full Address: 126 Madi Cir
  • Address - House Number: 126
  • Address - Street Name: Madi
  • Address - Suffix Type: Cir
  • State: LA
  • City Name: Lafayette
  • Carrier Code: R003
  • 4-Digit Zip Code: 9350
  • Zip Code: 70506

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,779
  • Tax Rate Code Area: 88

    Appraisal Valuation

  • Standard Deviation: 0.1619
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 79
  • Final Value: 523,250
  • High Value: 608,014
  • Low Value: 438,486

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $360,000
  • First Open Lien Mortgage Lender: IBERIABANK
  • First Open Lien Mortgage Recording Date: Jan 06, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $360,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2050

    Market Valuation

  • Market Total Value: $389,610
  • Market Land Value: $31,370
  • Market Improvement Value: $358,240

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $38,961
  • Assessed Land Value: $3,137
  • Assessed Improvements Value: $35,824

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 06, 2020
  • Current Sale Recording Date: Jan 06, 2020
  • Current Sale Transaction ID: 11719309564
  • Current Sale Price: $450,000
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 2020-00000598
  • Previous Sale Recording Date: Nov 17, 2015
  • Previous Sale Contract Date: Nov 16, 2015
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: IBERIABANK
  • First Mortgage Transaction Date: Jan 06, 2020
  • First Mortgage Loan Amount: $360,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Lafayette



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Frequently Asked Questions

What neighborhood is 126 Madi Circle located in?
The 126 Madi Circle is a house located in the neighborhood of Lafayette in Lafayette, Lafayette.
What is the average sales price for listings in 126 Madi Circle?
The average sales price for units in 126 Madi Circle is $0 currently.

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