NOT LISTED FOR SALE

Estimated Value: $346,000 - $375,239

8 Beds
4 Baths
2,900 Sq Ft
$125/Sq Ft Est. Value

Last Sold June 21, 2013

Current estimated payment $2,259/month

63 Days on Market

Highlights

  • Traditional Architecture
  • Window Unit Cooling System
  • Property is in excellent condition
  • Balcony
  • Courtyard
  • 3-minute walk to Bunny Friend Playground

About This Home

As of June 2013

4 PLEX~MONEY MACHINE! ALL 4 units feature: 2 bedrooms, 1 bath, UPDATED kitchens w/GRANITE counters, wooden cabinets & refrigerator/range-oven & UPDATED Baths! Private INTERIOR laundry in each unit. 3 of the 4 units are leased out to quality tenants, bringing in a TOTAL monthly income of $2,177 plus 4th unit is vacant & could be "owner occupied" or leased out for additional rental income. RENOVATED PROPERTY with SUPERB INCOME! This one is EASY!

Last Agent to Sell the Property

Chris Smith

Keller Williams Realty New Orleans License #000009641 Listed on: 03/19/2013

Keller Williams Realty New Orleans

Last Buyer's Agent

Margaret Maxwell

McEnery Residential, LLC License #000070051

McEnery Residential, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,498

Year Built

  • Built in 2012

Lot Details

  • Lot Dimensions are 31' x 107'
  • Fenced
  • Rectangular Lot
  • Property is in excellent condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Cosmetic Repairs Needed
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Shingled Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Balcony
  • Courtyard

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 701171713GALLIERST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,498

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 31' X 107'
  • Directions: N. CLAIBORNE TO N. ROBERTSON, LEFT N TO GALLIER FOR 2 BLOCKS
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 65
  • Year Built: 2012
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2
  • Year Built: 2012

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 2900.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Home Warranty: No
  • Construction Type: Frame
  • Exterior Features: Balcony, Courtyard, Fence
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent, Repairs Cosmetic, Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Two Spaces

Utilities

  • Laundry Features: In Unit
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701171713GALLIERST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2013
Closed on
Jun 21, 2013
Sold by
First Choice Housing Llc
Bought by
Eriksen Boyd E
Seller's Agent
Chris Smith
Keller Williams Realty New Orleans
Buyer's Agent
Margaret Maxwell
McEnery Residential, LLC
List Price
$199,000
Current Estimated Value
$361,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.46%
Original Mortgage
$185,576
Outstanding Balance
$134,518
Interest Rate
3.54%
Mortgage Type
FHA
Estimated Equity
$226,542

Purchase Details

Listed on
Oct 25, 2011
Closed on
Jul 26, 2012
Sold by
Hancock Bank Of Louisiana
Bought by
First Choice Housing Llc
Seller's Agent
Liz Ashe
Demand Realty
Buyer's Agent
Lara Schultz
REVE, REALTORS
List Price
$134,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
358.52%

Purchase Details

Closed on
Jul 5, 2011
Sold by
Gusman Sheriff Marlin N and Bostick Robert D
Bought by
Hancock Bank Of Louisiana

Purchase Details

Closed on
Dec 7, 2007
Sold by
Hermo Joseph
Bought by
Bostick Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.4%

Purchase Details

Closed on
May 11, 2007
Sold by
Mastio Mark
Bought by
Hermo Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
6.22%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 31, 2005
Sold by
Wiltz Stanley
Bought by
Mastio Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
5.71%

Purchase Details

Closed on
Jun 5, 2003
Sold by
Malone Calvin Joseph
Bought by
Wiltz Stanley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,710
Interest Rate
5.74%
Source: Public Records

Range of Values:

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Average Value
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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
Eriksen Boyd E $189,000 --
First Choice Housing Llc $48,000 --
Hancock Bank Of Louisiana -- --
Bostick Robert D $225,000 --
Hermo Joseph E $90,000 --
Mastio Mark $145,000 --
Wiltz Stanley J $81,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eriksen Boyd E $185,576
Previous Owner Bostick Robert D $180,000
Previous Owner Hermo Joseph E $171,000
Previous Owner Mastio Mark $187,500
Previous Owner Wiltz Stanley J $73,710
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2013 06/21/13 Sold -- -- --
05/22/2013 05/22/13 Pending -- -- --
03/19/2013 03/19/13 For Sale $199,000 +48.3% $69 / Sq Ft
07/26/2012 07/26/12 Sold -- -- --
06/26/2012 06/26/12 Pending -- -- --
10/25/2011 10/25/11 For Sale $134,200 -- $47 / 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 $3,498 $26,500 $1,000 $25,500
2024 $3,551 $26,500 $1,000 $25,500
2023 $2,484 $18,540 $660 $17,880
2022 $2,484 $17,650 $660 $16,990
2021 $2,669 $18,540 $660 $17,880
2020 $2,695 $18,540 $660 $17,880
2019 $2,763 $18,290 $410 $17,880
2018 $2,818 $18,290 $410 $17,880
2017 $2,691 $18,290 $410 $17,880
2016 $2,776 $18,290 $410 $17,880
2015 $3,021 $20,320 $580 $19,740
2014 -- $20,320 $580 $19,740
2013 -- $20,320 $580 $19,740
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 945175

APN: 3-9W-4-084-03