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405 Village Farms Lane

405 Village Farms Lane, Folsom, LA 70437
Property in St. Tammany
Sold May 28, 2020
$298,500
$309,246 by Gmfs Llc
Mortgage Due May 28, 2050
405 Village Farms Lane has been categorized by the local assessors in Folsom, LA as a residential type of property. The building on the property was first built in 1997 and is 27 years old. In addition, 405 Village Farms Lane has 1,974 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 108,900 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 carport for those who require parking. According to our sources, there are a total of 3 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in May 27, 2020 for $298,500. That's $151.22 per sqft. 405 Village Farms Lane was last assessed in 2023. The total value of the property was assessed at $26,556. Specifically, the land the property is located on was valued at $3,500. While improvements on the property were assessed at a total of $23,056. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,658. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: D
  • Basement Area: 0
  • Garage Type: Carport
  • Parking Space Count: 3

    Dimensions

  • Lot Size Square Feet: 108,900
  • Total Building Area: 1,974
  • Gross Building Area: 1,974
  • Building Area: 1,974
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,974
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VILLAGE FARMS RD
  • Land Acres: 2.5
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational/entertainment (general)
  • Legal Description 1: 2.5 ACS VILLAGE OF FOLSOM SEC 3 5 10 CB 1173 91 CB

Ownership

  • Current Owner : RIZZUTO ELISE R
  • Current Owner 2: RIZZUTO NICHOLAS D
  • Previous Owner : SULLIVAN MELONIE W
  • Previous Owner 2: SULLIVAN JOHN P
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Et ux (and wife)

Neighborhood

  • School District Name: St. Tammany Parish School District
  • School Tax School District: FIRE DIST 05
  • School Tax District Code 2: FIRE DIST 05
  • School Tax District Code 3: FIRE DIST 05
  • Census Tract: 040206

Geography

  • District: 2RF
  • Section: 3
  • Parcel: 15724
  • Municipality: FOLSOM
  • Latitude: 30.6379
  • Longitude: -90.1826

    Address

  • Full Address: 405 Village Farms Ln
  • Address - House Number: 405
  • Address - Street Name: Village Farms
  • Address - Suffix Type: Ln
  • State: LA
  • City Name: Folsom
  • Carrier Code: R085
  • 4-Digit Zip Code: 6121
  • Zip Code: 70437

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,658
  • Tax Rate Code Area: 05

    Appraisal Valuation

  • Standard Deviation: 0.1897
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 413,057
  • High Value: 491,421
  • Low Value: 334,693

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $309,246
  • First Open Lien Mortgage Lender: GMFS LLC
  • First Open Lien Mortgage Recording Date: May 28, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $309,246
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: May 28, 2050

    Market Valuation

  • Market Total Value: $265,560
  • Market Land Value: $35,000
  • Market Improvement Value: $230,560

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $26,556
  • Assessed Land Value: $3,500
  • Assessed Improvements Value: $23,056

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: May 28, 2020
  • Current Sale Transaction ID: 11766416335
  • Current Sale Price: $298,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2207654

    Last Sale Mortgage

  • First Mortgage Lender: GMFS LLC
  • First Mortgage Transaction Date: May 28, 2020
  • First Mortgage Loan Amount: $309,246
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Folsom



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Frequently Asked Questions

What neighborhood is 405 Village Farms Lane located in?
The 405 Village Farms Lane is a located in the neighborhood of St. Tammany in Folsom, Folsom.
What is the average sales price for listings in 405 Village Farms Lane?
The average sales price for units in 405 Village Farms Lane is $0 currently.

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