NOT LISTED FOR SALE

Estimated Value: $530,930 - $644,000

6 Beds
4 Baths
3,403 Sq Ft
$173/Sq Ft Est. Value

Last Sold June 03, 2024

Current estimated payment $3,645/month

79 Days on Market

Highlights

  • Traditional Architecture
  • ENERGY STAR Qualified Appliances
  • 3 Car Garage
  • Balcony
  • Central Heating and Cooling System
  • Property is in very good condition

About This Home

As of June 2024

Located by Tulane University and just steps from Claiborne Avenue, this large two-unit building is ready for minor improvements to maximize rental income. Two totally separate units with independent bedrooms and large living spaces allow for either a pure investment opportunity or for an owner to occupy one unit with rental income supplementing the monthly note. Hardwood floors, lots of natural light, and good bones. Plenty of off-street parking and a garage means endless possibilities for a new owner. There's even a private rooftop balcony for entertaining and enjoying the great outdoors.

Last Agent to Sell the Property

William King

Satsuma Real Estate LLC License #NOM:995688927 Listed on: 01/13/2024

Co-Listed By

Joe Gerrity

Satsuma Real Estate LLC License #NOM:995696789

Last Buyer's Agent

Jacob Freedman

FQR Realtors License #NOM:995703560

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,347

Year Built

  • Built in 2019 | Remodeled

Lot Details

  • 4,800 Sq Ft Lot
  • Lot Dimensions are 40 x 120
  • Property is in very good condition

Home Design

  • Duplex
  • Traditional Architecture
  • Flat Roof Shape
  • Raised Foundation
  • Shingle Roof
  • Wood Siding
  • Siding

Interior Spaces

  • 3,403 Sq Ft Home
  • Property has 2 Levels
  • ENERGY STAR Qualified Appliances

Parking

  • 3 Car Garage
  • Parking Lot

Utilities

  • Central Heating and Cooling System
  • Internet Available

Additional Features

  • Energy-Efficient Lighting
  • Balcony
  • Outside City Limits

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 615312504

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,347

Year Built

Built in 2019 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Double
  • Style: Traditional
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: FRIBURG SQ 51 LOT A BROADWAY 40X120 2209-11 BROADWAY DUP-W FILE #93308 9/07
  • Lp Amt Sq Ft: 154.28
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 2019
  • Age: 100
  • Age Description: Resale
  • Age Description 2: Remodeled structural changes - all major mechanical systems i.e. HVAC, Renovated cosmetic changes of at least 50% total living area - i.e. paint
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Estimated Living Area: 3403
  • Total Sq Ft: 3403

Exterior Features

  • Pool Type: None
  • Exterior: Siding, Wood Siding
  • ExteriorFeatures: Balcony
  • Foundation: Raised
  • Roof Type: Flat, Shingle

Garage/Parking

  • Car Storage: Three or More, Garage, Lot
  • Internet: Yes

Utilities

  • Air Conditioner: Central
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: Natural
  • Heating: Central
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Acres: 0.1102
  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Num: A
  • Lot Size: 40 x 120
  • Parcel #: 615312504

Green Features

  • Energy Efficient Features: Energy Star Appliances, Lighting
  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Tenant
  • Lease Purchase Poss: No
  • Water Paid By: Tenant

Multi Family

  • Total Bedrooms All Units: 8
  • Total Full Baths All Units: 5
  • Total Rent All Units: 4800
  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2019
Closed on
Nov 22, 2019
Sold by
Sere Miriam Jane Horrell
Bought by
Stern Elizabeth Mitchell and Stern Jason A
Seller's Agent
Letty Rosenfeld
Compass Uptown (LATT07)
Buyer's Agent
Joe Gerrity
Satsuma Real Estate LLC
List Price
$549,000
Current Estimated Value
$587,733

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.69%
Original Mortgage
$356,250
Outstanding Balance
$313,408
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$274,325

Purchase Details

Closed on
Sep 25, 2007
Sold by
Lean Amato Tardo Trust
Bought by
Sere Raoul P
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
Stern Elizabeth Mitchell $475,000 Crescent Title Llc
Sere Miriam Jane Horrell -- None Available
Sere Raoul P $325,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stern Elizabeth Mitchell $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/03/2024 06/03/24 Sold -- -- --
04/01/2024 04/01/24 Pending -- -- --
01/13/2024 01/13/24 For Sale $525,000 0.0% $154 / Sq Ft
06/28/2023 06/28/23 Rented $3,000 -25.0% --
03/03/2023 03/03/23 Price Changed $4,000 +66.7% $2 / Sq Ft
02/07/2023 02/07/23 For Rent $2,400 0.0% --
08/01/2022 08/01/22 Rented $2,400 -29.4% --
07/02/2022 07/02/22 Under Contract -- -- --
05/06/2022 05/06/22 For Rent $3,400 0.0% --
11/22/2019 11/22/19 Sold -- -- -- View Prior Sale
10/23/2019 10/23/19 Pending -- -- --
09/24/2019 09/24/19 For Sale $549,000 -- $161 / 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 $6,347 $48,090 $14,400 $33,690
2024 $6,444 $48,090 $14,400 $33,690
2023 $6,100 $45,130 $9,600 $35,530
2022 $6,100 $43,350 $9,600 $33,750
2021 $6,496 $45,130 $9,600 $35,530
2020 $5,524 $38,000 $9,600 $28,400
2019 $5,741 $38,000 $9,600 $28,400
2018 $5,855 $38,000 $9,600 $28,400
2017 $5,591 $38,000 $9,600 $28,400
2016 $4,933 $32,500 $9,600 $22,900
2015 $4,832 $32,500 $9,600 $22,900
2014 -- $32,500 $9,600 $22,900
2013 -- $32,500 $9,600 $22,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Gulf South Real Estate Information Network

MLS Number: 2429732

Gulf South Real Estate Information Network

APN: 6-15-3-125-04