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Property profile & analytics
OFF-MARKET
Land

116 Choctaw Dr Franklinton, LA 70438

0.54 ac lot
Property ID
Property summary
AI-generated overview

This exceptional .54-acre residential lot in the desirable Lake Choctaw subdivision presents a unique opportunity to build your dream home. Located at Lot 116 W Choctaw Drive, Franklinton, LA 70438, this property boasts direct lake access, perfect for fishing enthusiasts. The lot is situated in a beautiful, well-maintained subdivision with underground utilities readily available from the main service line. A minimum building size of 1500 square feet is required, ensuring a cohesive and upscale community aesthetic. The annual HOA fee of $100 is optional. This property is located in a highly-rated school district, offering families a convenient and desirable location for education. Importantly, this lot is in Flood Zone X, eliminating the need for flood insurance, providing significant cost savings. Buyers are encouraged to independently verify the square footage. Don't miss this last chance to own a piece of this tranquil lakefront community. Seize this opportunity to create your ideal lakeside retreat.

Property profile
Verified
Property type Land
Lot 0.54 ac (23,522 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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