2 months on rocket

97-103 Trace Loop, Mandeville, LA, 70448

$564,000

Home List Price

$6,698*

Closing Credit

12 Bedrooms
8 Full Baths
4,070 SqFt
$139/SqFt
Multi

Location

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97-103 Trace Loop, Mandeville$564,000

Buyer Closing Credits

$6,698*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingParking Lot
Year Built1983
HeatingCentral
CoolingCentral Air
MLS #2472876
StatusActive

About 97-103 Trace Loop

Excellent Investment opportunity in the popular Greenleaves subdivision! This property consists of four spacious units totaling over 4000 square feet, each with 3 bedrooms and 2 bathrooms. All 4 units are professionally managed with qualified tenants in place with adjustable rents. Each unit includes features such as a wood-burning fireplace and in-unit laundry hookups with 3 of the 4 just renovated within the last 2 years with fresh paint, new LVP flooring, refreshed cabinets, and more. There is ample tenant and visitor parking along with a open park-like rear yard for tenants to enjoy. Recent property updates include new electrical panels and newer AC units both inside and out. The owner is also willing to offer a $12000 credit for a new roof! The complex is in an area with walking paths, bike trails, ponds, and parks, and is just minutes from I-12, the Causeway, Lakefront, Old Mandeville shops and restaurants, the Trace, and popular music and community events, as well as being in a high-demand school district.With so much to offer, this could be the perfect property to add to your portfolio or help to start your reaching your investment goals!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1983
  • Stories: 2
  • Living Area: 4,070 SqFt

Listing Office:

  • Office Name: Wayne Songy & Associates
  • Office Phone: (504) 455-4500
  • Listing Agent: Wayne Songy
  • Agent Phone: (985) 259-2673

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $564,000
  • Price Per SqFt: $139/SqFt
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Housing Market Comparison

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

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Mandeville, LA

City

Med. Sold Price

$358.5K

Med. Price/SqFt

$175

Avg. Days On Market

56

# of Sold Homes

37

97-103 Trace Loop vs Mandeville

61 DAYS ON ROCKET

+5 Days

$564,000

+$205.4K More

$139/SqFt

-$37 Less

KEY TAKEAWAY

This property is $205.4K more than the Median Sold Price and $37/SqFt less than other homes in Mandeville, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2472876

Listing Office:

  • Office Name: Wayne Songy & Associates
  • Office Phone: (504) 455-4500
  • Listing Agent: Wayne Songy
  • Agent Phone: (985) 259-2673

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Last updated on: 12/21/2024, 11:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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.

Nearby Schools

school-card-donut-817243
9
/10

  • Lake Harbor Middle School

  • 1700 Viola St

  • 1.05 miles

  • Public District Grades 4-6

school-card-donut-817244
10
/10

  • Magnolia Trace Elementary School

  • 1405 Highway 1088

  • 1.05 miles

  • Public District Grades 2-3

school-card-donut-817245
8
/10

  • Mandeville Elementary School

  • 519 Massena St

  • 1.61 miles

  • Public District Grades PK-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,004. Most Mandeville, LA residents have annual incomes between $35k-100k. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Mandeville, LA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Mandeville, LA?

Mandeville offers a diverse array of housing options, with a focus on single-family homes that make up a significant portion of the market. Architectural styles in the area range from charming Acadian cottages to contemporary estates, with a mix of older historic homes and newer constructions. The housing market is dynamic, with a homeownership rate that reflects a community invested in long-term residency.

Is Mandeville, LA a good place to live?

Mandeville is celebrated for its tranquil lakefront ambiance and strong sense of community. The city prides itself on its lush green spaces, including the sprawling Fontainebleau State Park, and its vibrant cultural scene, marked by local festivals and events that bring residents together throughout the year.

Are things conveniently located in Mandeville, LA?

The community benefits from a robust educational system, with a number of public and private schools catering to a range of educational needs. Healthcare services are comprehensive, with local clinics and a hospital that provide a spectrum of care. Retail and dining options are plentiful, offering both local cuisine and international flavors, and the public library system serves as a valuable resource for residents of all ages.

What does the transportation in Mandeville, LA look like?

Mandeville's transport infrastructure includes a network of roads that connect residents to nearby cities and amenities, with the Lake Pontchartrain Causeway providing direct access to the Greater New Orleans area. Public transportation options are available, complemented by bike paths and walkable areas that encourage outdoor activities. The community is also served by ride-sharing services, enhancing mobility for those without private vehicles.

Rocket Homes›Louisiana›Saint Tammany County›Mandeville›70448›97-103 Trace Loop

This home is located at 97-103 Trace Loop in Mandeville, LA and zip code 70448. This 4,070 square foot home was built in 1983. Features: 12 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 22, 2024 and is currently priced at $564,000.

Mandeville, LA housing market in November 2024 saw over 4 listings sold above listed price, more than 4 sold at listed price and over 29 sold below. The inventory of homes for sale in Mandeville, LA between October 2024 and November 2024 increased by 3.7%. While the average time on the market in November 2024 was 56 days, the median list price was $358,566.

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

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