3500 E Simcoe St APT 31, Lafayette, LA, 70501
About This Home
Discover a rare opportunity in the gated River Trace condominium community--Unit 31, a two-story, 1-bedroom, 1.5-bath condo spanning approximately 1,119 sq ft, built in 1983 and listed for $79,999. This unit is ideal for first-time homebuyers or savvy investors seeking a charming fixer-upper with tremendous upside potential.Step inside to find soaring ceilings, a cozy wood-burning fireplace, and seamless indoor-outdoor living with both a private balcony and a spacious patio--perfect for morning coffee or evening relaxation. While the carpet needs replacement and some TLC, the solid bones and layout offer a canvas for personalization and value enhancement.The $245/month HOA delivers exceptional value, covering:Homeowners insuranceRoof repair or replacement as neededExterior siding repair, replacement, and paintingExterminator servicesThis comprehensive coverage means you can focus on interior updates and design, while the HOA handles major exterior maintenance and protection.Located in the desirable River Trace subdivision, this condo offers both convenience and community. Nearby, you'll find the Oakbourne Country Club, adding recreational appeal, and the area is well-connected to local amenities and schools.Whether you're looking to make this your first home or add a high-potential property to your investment portfolio, Unit 31 offers affordability, structural peace of mind, and a strong foundation for future equity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1983
Materials
- Foundation: Slab
- Construction materials: HardiPlank Type,Stucco
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Electric Cooktop,Ice Maker,Refrigerator,Washer,Electric Stove Con
- Laundry features: Electric Dryer Hookup,Washer Hookup
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Features
- High Ceilings,Crown Molding,Walk-in Pantry,Walk-In Closet(s),Formica Counters
- Window features: Skylight(s)
- Flooring: Carpet,Tile
- Number of fireplaces: 1
- Fireplace features: 1 Fireplace,Wood Burning
- Fireplace: Yes
Heating & Cooling
- Heating features: Central
- Cooling features: Multi Units,Central Air
Interior Area
- Total interior livable area: 1,119 sqft
Property
Details
- Parcel number: 6018877
Features
- Levels: Multi/Split
- Stories: 2
- Patio & porch: Open
- Exterior features: Balcony
- Fencing: Wood
- Waterfront features: Bayou/River
Lot
- Lot size: 8,712 sqft
- Features: 0 to 0.5 Acres,Commons
- Lot size dimensions: see ta x assessor's site
Parking
- Parking features: Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Lightning
- Cold Wave
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $404 | $4,848 |
| Home Insurance * | $120 | $1,440 |
| Property Taxes | $37 | $444 |
| Electricity | $147 | $1,773 |
| Total | $708 | $8,496 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-24 | Price change | $79,999 |
| 2026-07-09 | Listed for sale | $80,000 |
| 1993-12-06 | Sold | -- |
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