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Backup Offers

3940 Wallace Ave, Shreveport, LA, 71108

$59,000

Home List Price

$701*

Closing Credit

3 Bedrooms
1 Full Bath
1,466 SqFt
$40/SqFt
House

Location

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3940 Wallace Ave, Shreveport$59,000

Buyer Closing Credits

$701*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Driveway
Year Built1967
MLS #20639252
Lot Size0.25 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 3940 Wallace Ave

This 3 bed 1 bath investment property has a monthly rental rate of $825.00 and is owned by seasoned real estate investors looking to sell a portion of their portfolio.DO NOT DISTURB TENANTS- showings are by appointment only. Please see the attached offering memorandum for more details on the financial analysis. Ownership includes Real Estate Broker licensed in Louisiana by LREC. Listing Agent holds no ownership interest.

Property Details

Property Features

Property Information:

  • Architectural Style: Detached
  • Year Built: 1967
  • Living Area: 1,466 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Ally Real Estate
  • Office Phone: (318) 231-2000
  • Listing Agent: Hayden Wallace

Interior Features

Interior Information:

  • Basement: No
  • Interior: Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Carport, Driveway

Lot Features

Lot Information:

  • Lot Size: 0.25 Acres

School Info

Assigned Schools Information:

  • Fair Park College Preparatory Academy, Public Magnet Grades 7-12
  • Caddo Middle Career and Technology School, Public District Grades 6-8
  • Caddo Heights Math/Science Elementary School, Public District Grades PK-5
  • Werner Park Elementary School, Public District Grades PK-5
  • Midway Professional Development Center, Public District Grades PK-5

Other

Directions Information:

  • Directions: Midway Ave to Wallace Ave

Price Information

Listing Price Info

Price Summary:

  • List Price: $59,000
  • Price Per SqFt: $40/SqFt

Tax Information:

  • Annual Amount: $568
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Shreveport, LA.

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Shreveport, LA

City

Med. Sold Price

$189.5K

Med. Price/SqFt

$111

Avg. Days On Market

60

# of Sold Homes

145

3940 Wallace Ave vs Shreveport

126 DAYS ON ROCKET

+66 Days

$59,000

-$130.5K Less

$40/SqFt

-$72 Less

KEY TAKEAWAY

This property is $130.5K less than the Median Sold Price and $72/SqFt less than other homes in Shreveport, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20639252

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Ally Real Estate
  • Office Phone: (318) 231-2000
  • Listing Agent: Hayden Wallace

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Texas Real Estate Commission Information About Brokerage Service

Last updated on: 11/1/2024, 2:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$568$4,359
2019$705$4,360
2018$708$4,360

History based on county public records data.

Payment Calculator

$362

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$243

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-959522
4
/10

  • Caddo Heights Math/Science Elementary School

  • 1702 Corbitt St

  • 0.25 miles

  • Public District Grades PK-5

school-card-donut-959523
2
/10

  • Werner Park Elementary School

  • 2715 Corbitt St

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-959524
3
/10

  • Midway Professional Development Center

  • 3840 Greenwood Rd

  • 2.17 miles

  • Public District Grades PK-5

Middle School

school-card-donut-959525
3
/10

  • Caddo Middle Career and Technology School

  • 6310 Clift Ave

  • 1.38 miles

  • Public District Grades 6-8

High School

school-card-donut-959526
1
/10

  • Fair Park College Preparatory Academy

  • 3222 Greenwood Rd

  • 1.57 miles

  • Public Magnet Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,292. Typical income of Shreveport, LA residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3940 Wallace Ave

What is the listing price of this property?

The listing price of 3940 Wallace Ave property is $59,000.

What type of property is this?

The property 3940 Wallace Ave is a house located in Shreveport, Louisiana, 71108.

Is this property for sale now?

Accepting Backup Offers: 3940 Wallace Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 3940 Wallace Ave are:
Caddo Heights Math/Science Elementary School: GreatSchools Rating 4/10
Werner Park Elementary School: GreatSchools Rating 2/10
Midway Professional Development Center: GreatSchools Rating 3/10
Caddo Middle Career and Technology School: GreatSchools Rating 3/10
Fair Park College Preparatory Academy: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $568 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3940 Wallace Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3940 Wallace Ave is 1,466 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3940 Wallace Ave is 1967.

Rocket Homes›Louisiana›Caddo County›Shreveport›71108›3940 Wallace Ave

This home is located at 3940 Wallace Ave in Shreveport, LA and zip code 71108 in the Caddo Heights neighborhood. This 1,466 square foot home, which was built in 1967, sits on a 0.25 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $59,000.

In September 2024, from all listings sold in Shreveport, LA there were more than 18 sold above asking price, over 81 sold below and more than 46 were sold right at the asked price. The inventory of homes for sale in Shreveport, LA between August 2024 and September 2024 increased by 6.5%. In September 2024 median list price was $189,583 and the average listing age was 60 days.

From Rocket Homes Real Estate and based on county public records data.

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