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Sold Jul 28, 2020
$156,000
Buyer
Seller
$123,831
by Gateway Mortgage Group
Mortgage Due Jul 28, 2050
Sold Jul 24, 2019
$78,000
Buyer
Seller
$103,000
by The Bedrock Mortgage Fund Llc
Mortgage
3388 Oak Forest Avenue has been categorized by the local assessors in Baton Rouge, LA as a residential type of property.
In addition, 3388 Oak Forest Avenue has 1,590 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. Moving on to the building itself. The condition of the building has been evaluated as good. 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, 3388 Oak Forest Avenue sold most recently in Jul 24, 2020 for a total of $156,000. If you work out the math, that's approximately a cost of $98.11 per sqft. Before that, the property was also sold for $78,000 in Jul 17, 2019. 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 $1,042 in taxes each year. The initial year of tax delinquency occurred in 2019. 3388 Oak Forest Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,820. If we break it down further, the land itself was valued at $1,500. Improvements to the property, however, were assessed at a total of $13,320. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as good. 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, 3388 Oak Forest Avenue sold most recently in Jul 24, 2020 for a total of $156,000. If you work out the math, that's approximately a cost of $98.11 per sqft. Before that, the property was also sold for $78,000 in Jul 17, 2019. 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 $1,042 in taxes each year. The initial year of tax delinquency occurred in 2019. 3388 Oak Forest Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $14,820. If we break it down further, the land itself was valued at $1,500. Improvements to the property, however, were assessed at a total of $13,320. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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.
3388 Oak Forest Avenue, Baton Rouge, LA 70814
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