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314 Martin Oaks Drive

314 Martin Oaks Drive, Lafayette, LA 70501
Property in Lafayette
Sold Jul 29, 2021
$165,000
314 Martin Oaks Drive in Lafayette, LA was first built in 1976 and is 48 years old. This has been categorized as a residential property type. 314 Martin Oaks Drive has 2,202 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 800 ft and the linear feet between the front and back of the lot is 1,200. In total, the area measurement of the land is 9,583 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. The garage is 480 sqft. The quality of the control joints have been graded by the local assessor with a letter grade of C. 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, 314 Martin Oaks Drive sold most recently in Jul 16, 2021 for a total of $165,000. If you work out the math, that's approximately a cost of $74.93 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 $1,594 in taxes each year. 314 Martin Oaks Drive was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $15,132. If we break it down further, the land itself was valued at $1,920. Improvements to the property, however, were assessed at a total of $13,212. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 480
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,583
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 800
  • Total Building Area: 2,202
  • Building Area: 2,202
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,202
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MOORELAND HEIGHTS EXTENSION NO
  • Land Acres: 0.22
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: LOT 8 MOORELAND HEIGHTS SUB EXT 2 (80X120)

Ownership

  • Current Owner : FAULK TREVERANCE D
  • Current Owner 2: FAULK RACHAEL HENRY
  • Previous Owner : PLUMBAR JOSEPH SHAWN
  • Previous Owner 2: PLUMBAR MELISSA ST JULIEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lafayette Parish School District
  • Census Tract: 001202

Geography

  • District: 04
  • Parcel: 6066891
  • Lot: 8
  • Meridian: SEC 089 TWN 09S RNG 05E
  • Municipality: CITY OF LAFAYETTE
  • Latitude: 30.252
  • Longitude: -91.9965

    Address

  • Full Address: 314 Martin Oaks Dr
  • Address - House Number: 314
  • Address - Street Name: Martin Oaks
  • Address - Suffix Type: Dr
  • State: LA
  • City Name: Lafayette
  • Carrier Code: C024
  • 4-Digit Zip Code: 2508
  • Zip Code: 70501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,594
  • Tax Rate Code Area: 04

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 68
  • Final Value: 199,397
  • High Value: 245,237
  • Low Value: 153,557

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $132,000
  • First Open Lien Mortgage Lender: LOAN DEPOT INC
  • First Open Lien Mortgage Recording Date: Jul 29, 2021
  • First Open Lien Mortgage Loan Amount: $132,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $151,320
  • Market Land Value: $19,200
  • Market Improvement Value: $132,120

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $15,132
  • Assessed Land Value: $1,920
  • Assessed Improvements Value: $13,212

    Sales

  • Current Sale Contract Date: Jul 16, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Transaction ID: 11846762284
  • Current Sale Price: $165,000
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 2021-00034754

    Last Sale Mortgage

  • First Mortgage Lender: LOAN DEPOT INC
  • First Mortgage Transaction Date: Jul 29, 2021
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 314 Martin Oaks Drive located in?
The 314 Martin Oaks Drive is a located in the neighborhood of Lafayette in Lafayette, Lafayette.
What is the average sales price for listings in 314 Martin Oaks Drive?
The average sales price for units in 314 Martin Oaks Drive is $0 currently.

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