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28 Wax Myrtle Lane

28 Wax Myrtle Lane, Covington, LA 70433
Property in St. Tammany
Sold Jul 17, 2020
$700,000
$50,000,000 by First Horizon Bank
Mortgage Due Mar 04, 2054
Sold Nov 07, 2013
$170,000
28 Wax Myrtle Lane has been categorized by the local assessors in Covington, LA as a residential type of property. The building on the property was first built in 2018 and is 6 years old. In addition, 28 Wax Myrtle Lane has 3,720 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 43,560 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 603 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. 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, 28 Wax Myrtle Lane sold most recently in Jul 16, 2020 for a total of $700,000. If you work out the math, that's approximately a cost of $188.17 per sqft. Before that, the property was also sold for $170,000 in Nov 4, 2013. 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 $7,744 in taxes each year. 28 Wax Myrtle Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $67,242. If we break it down further, the land itself was valued at $15,680. Improvements to the property, however, were assessed at a total of $51,562. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 2018
  • Effective Year Built: 2018
  • Bedroom Count: 0
  • Building Condition: Average
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 603
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 3,720
  • Gross Building Area: 3,720
  • Building Area: 3,720
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,720
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TCHEFUNCTA CLUB ESTATES PH 2
  • Land Acres: 1
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT 610 TCHEFUNCTA CLUB ESTATES PH 2 (GOLF COURSE

Ownership

  • Current Owner : KLEIN NICHOLLE R
  • Current Owner 2: KLEIN CALVIN A
  • Previous Owner : BEANE CAROL H
  • Owner Before Previous Owner: TCE PROEPRTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: St. Tammany Parish School District
  • School Tax School District: FIRE DIST 02
  • School Tax District Code 2: FIRE DIST 02
  • School Tax District Code 3: FIRE DIST 02
  • Census Tract: 040601

Geography

  • Subdivision Phase Number: 2
  • Parcel: 11620
  • Lot: 610
  • Municipality: WARD 1
  • Latitude: 30.4333
  • Longitude: -90.1311

    Address

  • Full Address: 28 Wax Myrtle Ln
  • Address - House Number: 28
  • Address - Street Name: Wax Myrtle
  • Address - Suffix Type: Ln
  • State: LA
  • City Name: Covington
  • Carrier Code: C006
  • 4-Digit Zip Code: 4578
  • Zip Code: 70433

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,744
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.2159
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 862,624
  • High Value: 1,048,887
  • Low Value: 676,360

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $50,050,000
  • First Open Lien Mortgage Lender: FIRST HORIZON BANK
  • First Open Lien Mortgage Recording Date: Mar 04, 2024
  • First Open Lien Mortgage Loan Amount: $50,000,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Mar 04, 2054
  • Second Open Lien Mortgage Lender: IBERIABANK
  • Second Open Lien Mortgage Recording Date: Sep 23, 2021
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $50,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 23, 2051

    Market Valuation

  • Market Total Value: $672,424
  • Market Land Value: $156,800
  • Market Improvement Value: $515,624

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $67,242
  • Assessed Land Value: $15,680
  • Assessed Improvements Value: $51,562

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 16, 2020
  • Current Sale Recording Date: Jul 17, 2020
  • Current Sale Transaction ID: 11775288388
  • Current Sale Price: $700,000
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 2215512
  • Previous Sale Recording Date: Nov 07, 2013
  • Previous Sale Contract Date: Nov 04, 2013
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: INTEGRA MORTGAGE CORP
  • First Mortgage Transaction Date: Jul 17, 2020
  • First Mortgage Loan Amount: $493,116
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2050

    Financing

  • First Mortgage Financing Type: Fixed Rate

About St. Tammany



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Frequently Asked Questions

What neighborhood is 28 Wax Myrtle Lane located in?
The 28 Wax Myrtle Lane is a located in the neighborhood of St. Tammany in St. Tammany, Covington.
What is the average sales price for listings in 28 Wax Myrtle Lane?
The average sales price for units in 28 Wax Myrtle Lane is $0 currently.

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