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1620 Orchard Way

1620 Orchard Way, Covington, LA 70435
Property in St. Tammany
Sold Nov 15, 2019
$259,820
$259,820 by Midamerica Mortgage Inc
Mortgage Due Dec 01, 2049
1620 Orchard Way in Covington, LA was first built in 2020 and is 4 years old. This has been categorized as a residential property type. 1620 Orchard Way has 2,251 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 43,560 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 494 sqft. There are a total of 2 available parking spaces. 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, 1620 Orchard Way sold most recently in Oct 30, 2019 for a total of $259,820. If you work out the math, that's approximately a cost of $115.42 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 $1,960 in taxes each year. 1620 Orchard Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $25,289. If we break it down further, the land itself was valued at $4,000. Improvements to the property, however, were assessed at a total of $21,289. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 2020
  • Effective Year Built: 2020
  • Bedroom Count: 0
  • Building Condition: Average
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 494
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 2,251
  • Gross Building Area: 2,251
  • Building Area: 2,251
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,251
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAK ALLEY
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT 75 OAK ALLEY PH 2B INST NO 1565832 INST NO 159

Ownership

  • Current Owner : RUSCHE WILLIAM A
  • Current Owner 2: RUSCHE BRIDGET
  • Previous Owner : DSLD HOMES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: St. Tammany Parish School District
  • School Tax School District: DRAINAGE DIST 5
  • School Tax District Code 2: DRAINAGE DIST 5
  • School Tax District Code 3: DRAINAGE DIST 5
  • Census Tract: 040205

Geography

  • Subdivision Phase Number: 2B
  • Parcel: 23099
  • Lot: 75
  • Municipality: COVINGTON
  • Latitude: 30.5002
  • Longitude: -90.1185

    Address

  • Full Address: 1620 Orchard Way
  • Address - House Number: 1620
  • Address - Street Name: Orchard
  • Address - Suffix Type: Way
  • State: LA
  • City Name: Covington
  • Zip Code: 70435

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,960
  • Tax Rate Code Area: 06

    Appraisal Valuation

  • Standard Deviation: 0.2201
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 348,820
  • High Value: 425,603
  • Low Value: 272,036

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $259,820
  • First Open Lien Mortgage Lender: MIDAMERICA MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Nov 15, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $259,820
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2049

    Market Valuation

  • Market Total Value: $252,890
  • Market Land Value: $40,000
  • Market Improvement Value: $212,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $25,289
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $21,289

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 30, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Transaction ID: 11706818365
  • Current Sale Price: $259,820
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 2183034

    Last Sale Mortgage

  • First Mortgage Lender: MIDAMERICA MORTGAGE INC
  • First Mortgage Transaction Date: Nov 15, 2019
  • First Mortgage Loan Amount: $259,820
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Dec 01, 2049

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1620 Orchard Way located in?
The 1620 Orchard Way is a located in the neighborhood of St. Tammany in Covington, Covington.
What is the average sales price for listings in 1620 Orchard Way?
The average sales price for units in 1620 Orchard Way is $0 currently.

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