NOT LISTED FOR SALE

1404 Magazine St New Orleans, LA 70130

Lower Garden District Neighborhood

Estimated Value: $642,000 - $790,000

8 Beds
4 Baths
4,769 Sq Ft
$150/Sq Ft Est. Value

Last Sold February 26, 2021

Current estimated payment $4,524/month

148 Days on Market

Highlights

  • Victorian Architecture
  • Porch
  • Central Heating and Cooling System
  • Balcony
  • Courtyard
  • 2-minute walk to Coliseum Square

About This Home

As of February 2021

This is a fully occupied investment four plex in the heart of the Lower Garden District! Each unit has hard wood floors, high ceilings, central a/h and many original architectural details. All four units are two bedroom one bath apartments. The building is a great opportunity to live in and lease or keep it as a constant source of income! One owner is a Realtor licensed with the Louisiana Real Estate Commission.

Last Agent to Sell the Property

Albert Brown

Bert Brown & Associates Real Estate, LLC License #995685353 Listed on: 08/31/2020

Last Buyer's Agent

Olivia Ford

Upper Management Realty, LLC License #995686875

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,615

Lot Details

  • Rectangular Lot
  • Historic Home
  • Property is in average condition

Home Design

  • Quadruplex
  • Victorian Architecture
  • Raised Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 4,769 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Courtyard
  • Porch

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 701301404MagazineST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,615

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 34'2"X127'10"
  • Architectural Style: Victorian, Historic/Antique
  • Entry Level: 1
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 150
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 4769.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Other, Wood Siding
  • Exterior Features: Balcony, Courtyard, Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Balcony, Porch
  • Property Condition: Average Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701301404MagazineST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2020
Closed on
Feb 26, 2021
Sold by
Pitts William R and Price Richard F
Bought by
Saidi Kasra A
Seller's Agent
Albert Brown
Bert Brown & Associates Real Estate, LLC
Buyer's Agent
Olivia Ford
Upper Management Realty, LLC
List Price
$800,000
Current Estimated Value
$710,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.20%
Original Mortgage
$686,303
Outstanding Balance
$620,788
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$95,602
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Saidi Kasra A $710,000 Le Fleur De Lis Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saidi Kasra A $686,303
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2021 02/26/21 Sold -- -- --
01/27/2021 01/27/21 Pending -- -- --
08/31/2020 08/31/20 For Sale $800,000 -- $168 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,615 $89,900 $16,160 $73,740
2024 $6,029 $89,900 $16,160 $73,740
2023 $4,386 $39,170 $15,290 $23,880
2022 $4,386 $37,980 $15,290 $22,690
2021 $5,639 $39,170 $15,290 $23,880
2020 $5,695 $39,170 $15,290 $23,880
2019 $5,918 $39,170 $15,290 $23,880
2018 $6,035 $39,170 $15,290 $23,880
2017 $5,763 $39,170 $15,290 $23,880
2016 $5,945 $39,170 $15,290 $23,880
2015 $5,823 $39,170 $8,740 $30,430
2014 -- $39,170 $8,740 $30,430
2013 -- $39,170 $8,740 $30,430
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Albert Brown

    Bert Brown & Associates Real Estate, LLC

    (504) 296-9669

    6 in this area

    16 Total Sales

    Section Image
  • Olivia Ford

    Buyer's Agent in 2021

    Olivia Ford

    Upper Management Realty, LLC

    (504) 343-1837

    3 in this area

    123 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2267434

APN: 1-01-1-041-06

Louisiana Orleans Parish New Orleans 70130 Lower Garden District

1404 Magazine St, New Orleans, LA

This home is located at 1404 Magazine St, New Orleans, LA 70130 since 31 August 2020 and is currently estimated at $716,390, approximately $150 per square foot. 1404 Magazine St is a home located in Orleans Parish with nearby schools including ReNEW Laurel Academy, International School of Louisiana - Uptown Campus, and The NET Charter High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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