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2701 Herbert Cole Drive

2701 Herbert Cole Drive, Monroe, LA 71201
Property in Ouachita
Sold Oct 22, 2021
$290,000
$275,500 by First Horizon Bank
Mortgage Due Oct 22, 2051
Local assessors in Monroe, LA have categorized 2701 Herbert Cole Drive as a residential type of property. The home was built in 1975 and is 49 years old. The property's lot size has been calculated to be 20,125 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2701 Herbert Cole Drive has a total of 2,242 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 mixed used garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. 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-. The building has a hip style roof that was made of shingle (not wood). Lots of brick were used in the construction of the exterior walls of the home. The home's a central heating system is the primary heating source. 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, 2701 Herbert Cole Drive sold most recently in Oct 22, 2021 for a total of $290,000. If you work out the math, that's approximately a cost of $129.35 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 $1,722 in taxes each year. 2701 Herbert Cole Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $21,269. 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 $17,269. 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. 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.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: 1975
  • Effective Year Built: 1975
  • Building Count: 2
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: B-
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 20,125
  • Total Building Area: 2,242
  • Building Area: 2,242
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,242
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVER OAKS ADDN
  • Land Acres: 0.462
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT IN SEC 35 T18N R3E, FROM NE COR LOT 7 UNIT 1 RIVER OAKS ADDN, NE 570.15 FT TO POINT OF BEG, N 152.39 FT, SE 116.87 FT, SW

Ownership

  • Current Owner : ARENDER BRAD A
  • Previous Owner : KENNEDY ROY D
  • Previous Owner 2: KENNEDY JOHN F
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monroe City School District
  • Census Tract: 010301

Geography

  • District: 30
  • Parcel: 66841
  • Lot: 7
  • Meridian: SEC 35 TWN 18 RNG 03
  • Municipality: CITY OF MONROE
  • Latitude: 32.5587
  • Longitude: -92.1169

    Address

  • Full Address: 2701 Herbert Cole Dr
  • Legal Unit: 1
  • Address - House Number: 2701
  • Address - Street Name: Herbert Cole
  • Address - Suffix Type: Dr
  • State: LA
  • City Name: Monroe
  • Carrier Code: C022
  • 4-Digit Zip Code: 2015
  • Zip Code: 71201

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,722
  • Tax Rate Code Area: 30

    Appraisal Valuation

  • Standard Deviation: 0.2322
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 67
  • Final Value: 310,974
  • High Value: 383,202
  • Low Value: 238,746

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $275,500
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Oct 22, 2021
  • First Open Lien Mortgage Loan Amount: $275,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Oct 22, 2051

    Market Valuation

  • Market Total Value: $212,692
  • Market Land Value: $40,000
  • Market Improvement Value: $172,692

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $21,269
  • Assessed Land Value: $4,000
  • Assessed Improvements Value: $17,269

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Transaction ID: 11862128195
  • Current Sale Price: $290,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1838762

    Last Sale Mortgage

  • First Mortgage Lender: FIRST HORIZON BANK
  • First Mortgage Transaction Date: Oct 22, 2021
  • First Mortgage Loan Amount: $275,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

About Monroe



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Frequently Asked Questions

What neighborhood is 2701 Herbert Cole Drive located in?
The 2701 Herbert Cole Drive is a located in the neighborhood of Ouachita in Monroe, Monroe.
What is the average sales price for listings in 2701 Herbert Cole Drive?
The average sales price for units in 2701 Herbert Cole Drive is $0 currently.

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