NOT LISTED FOR SALE

1416 Magnolia St New Orleans, LA 70113

Central City Neighborhood

Estimated Value: $94,000 - $347,905

-- Bed
-- Bath
3,059 Sq Ft
$80/Sq Ft Est. Value

Last Sold April 17, 2023

Current estimated payment $1,541/month

44 Days on Market

About This Home

As of April 2023

This residential + commercial property presents an amazing investment opportunity.
Naturally New Orleans and Charming architecture lives inside the blue duplex while a commercial investment opp resides in the orange building. It was previously a dry cleaners.

Last Agent to Sell the Property

TYESHA JONES

TJones & Co, LLC License #NOM:995697835 Listed on: 01/30/2023

Co-Listed By

Darius Washington

TJones & Co, LLC License #NOM:099565010

Last Buyer's Agent

TYESHA JONES

TJones & Co, LLC License #NOM:995697835 Listed on: 01/30/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,064

Year Built

  • 1920

Lot Details

  • 4,095 Sq Ft Lot
  • Lot Dimensions are 65x63
  • Property is in below average condition

Home Design

  • Fixer Upper
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3,059 Sq Ft Home
  • Property has 1 Level

Location

  • Outside City Limits

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 101110806

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,064

Year Built

1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Commercial/Residential Combo
  • Style: Other
  • Condition: Fair
  • ADA Features: No
  • Legal Description: SQ 389 PT LOT 10 AND 11 OR Y 1416-18-20 MAGNOLIA 65' X 63 M/A CHANGE 1/29/08 DOUBLE AND DRY CLEANERS
  • Lp Amt Sq Ft: 32.04
  • Building Stories: 1.00000
  • Unit Level: 1
  • Age: 46
  • Age Description: Fixer Upper
  • Age Description 2: All Original
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built (Public Record): 1920

Interior Features

  • Estimated Living Area: 3059
  • Total Sq Ft: 3059

Exterior Features

  • Exterior: Wood Siding
  • Foundation: Other
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: None

Utilities

  • Air Conditioner: Other
  • Electricity Provided By: Entergy
  • Gas Type: Natural
  • Heating: Other
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Acres: 0.0940
  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 65x63
  • Parcel #: 101110806

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: No

Multi Family

  • Total Bedrooms All Units: 4
  • Total Full Baths All Units: 2
  • Total Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2023
Closed on
Apr 18, 2023
Sold by
Flag Boy Properties Llc
Bought by
Bowens Alonzo M
Seller's Agent
TYESHA JONES
TJones & Co, LLC
Buyer's Agent
TYESHA JONES
TJones & Co, LLC
List Price
$165,000
Sold Price
$90,000
Premium/Discount to List
-$75,000
-45.45%
Total Days on Market
44
Views
91
Current Estimated Value
$243,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,976
Avg. Annual Appreciation
59.36%
Source: Public Records

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Range of Values:

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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
Bowens Alonzo M -- Title Management Group
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2023 04/17/23 Sold -- -- --
03/15/2023 03/15/23 Pending -- -- --
03/12/2023 03/12/23 Price Changed $98,000 -24.6% $32 / Sq Ft
03/02/2023 03/02/23 Price Changed $130,000 -21.2% $42 / Sq Ft
01/30/2023 01/30/23 For Sale $165,000 -- $54 / Sq Ft
Source: Gulf South Real Estate Information Network

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 $2,064 $15,640 $3,280 $12,360
2024 $4,450 $33,210 $3,280 $29,930
2023 $1,798 $13,370 $1,640 $11,730
2022 $1,798 $12,780 $1,640 $11,140
2021 $1,925 $13,370 $1,640 $11,730
2020 $1,944 $13,370 $1,640 $11,730
2019 $2,244 $14,850 $1,640 $13,210
2018 $2,288 $14,850 $1,640 $13,210
2017 $2,185 $14,850 $1,640 $13,210
2016 $2,254 $14,850 $1,640 $13,210
2015 $2,208 $14,850 $1,640 $13,210
2014 -- $6,840 $1,640 $5,200
2013 -- $6,840 $1,640 $5,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    TYESHA JONES

    TJones & Co, LLC

    (504) 430-4979

    2 in this area

    100 Total Sales

    TYESHA JONES
    Section Image

  • D

    Seller Co-Listing Agent in 2023

    Darius Washington

    TJones & Co, LLC

    (504) 782-6179

    2 in this area

    63 Total Sales

    Darius Washington
    Section Image
See All Agents

Map

Source: Gulf South Real Estate Information Network

MLS Number: 2379660

Gulf South Real Estate Information Network

APN: 1-01-1-108-06

Louisiana Orleans Parish New Orleans 70113 Central City

1416 Magnolia St, New Orleans, LA

This home is located at 1416 Magnolia St, New Orleans, LA 70113 since 30 January 2023 and is currently estimated at $243,976, approximately $79 per square foot. This property was built in 1920. 1416 Magnolia St is a home located in Orleans Parish with nearby schools including Mary Bethune Elementary School, Kipp Central City Primary School, and Kipp Central City Academy.

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.

Gulf South Real Estate Information Network IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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