224 Trace Loop

Local assessors in Mandeville, LA have categorized 224 Trace Loop as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 43,560 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. If we look only at the heated or air conditioned part of the building, then 224 Trace Loop has a total of 1,265 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. 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 - C. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 224 Trace Loop sold most recently in Jun 30, 2023 for a total of $202,000. If you work out the math, that's approximately a cost of $159.68 per sqft. Before that, the property was also sold for $140,000 in Sep 28, 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 $1,857 in taxes each year. 224 Trace Loop was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,012. If we break it down further, the land itself was valued at $2,500. Improvements to the property, however, were assessed at a total of $11,512. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.