NOT LISTED FOR SALE

Estimated Value: $480,000 - $541,000

11 Beds
7 Baths
4,693 Sq Ft
$110/Sq Ft Est. Value

Last Sold March 04, 2022

Current estimated payment $2,775/month

Highlights

  • Traditional Architecture
  • Courtyard
  • Rectangular Lot
  • Metairie Academy For Advanced Studies Rated A-
  • Central Heating and Cooling System
  • Fenced

About This Home

As of March 2022

FIRST SHOWING/OPEN HOUSE: Sunday, Jan 30th, 1:00 pm - 3:00 pm. Qualified buyer only. Please be mindful, wear face masks.

Calling all investors !!! Opportunity to own a four-plex in Metairie. Easy access to I-10. Units are 3 bdrm/2 bath and one 2 bdrm/1 bath. All units are currently leased. Each unit comes with off-street parking and a storage unit. Additional storage for owner. Backyard. Apartment sizes and total sqft are approximate, buyer to verify. Kitchens include stoves and garbage disposals.

Last Agent to Sell the Property

Alan Hill

Homesmart Realty South License #995703991 Listed on: 01/28/2022

Homesmart Realty South

Last Buyer's Agent

Cindy Ng

Appletree Realty, LLC License #995684283

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $630

Year Built

  • Built in 1975

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 50 x 110
  • Fenced
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Entry on the 2nd floor
  • Brick Exterior Construction
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 4,693 Sq Ft Home
  • Property has 2 Levels
  • Laundry in unit

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Full Bathrooms

Parking

  • Carport
  • Off-Street Parking

Additional Features

  • Courtyard
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Ponte Vista Subdivision

Listing and Financial Details

  • Tenant pays for electricity, water
  • Tax Lot 5-6
  • Assessor Parcel Number 700012217PASADENAAV5-6

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$630

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.12
  • Lot Size: 50 X 110
  • Subdivision Name: Ponte Vista
  • Directions: HEADING WEST ON W NAPOLEON, TURN RIGHT ON PASADENA
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Entry Level: 2
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 47
  • Year Built: 1975
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2
  • Year Built: 1975

Interior Features

  • Full Bathrooms: 7
  • Total Bedrooms: 11
  • Living Area: 4693.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Exterior Features: Courtyard, Fence
  • Foundation Details: Slab
  • Property Condition: Average Condition, Resale
  • Roof: Other

Garage/Parking

  • Parking Features: Covered, Carport, Off Street

Utilities

  • Laundry Features: In Unit
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 700012217PASADENAAV5-6
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Lot: 5-6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2022
Closed on
Mar 4, 2022
Sold by
Bhushan Chandra and Saryam Rani
Bought by
Yang And Zhang Realty Llc
Seller's Agent
Alan Hill
Homesmart Realty South
Buyer's Agent
Cindy Ng
Appletree Realty, LLC
List Price
$539,900
Current Estimated Value
$515,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.58%
Original Mortgage
$395,250
Outstanding Balance
$371,712
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$144,464

Purchase Details

Listed on
Jan 4, 2021
Closed on
Feb 26, 2021
Sold by
The Succession Of Leroy J Falgout St
Bought by
Bhushan Chandra
Seller's Agent
Patricia Schmitt
LATTER & BLUM (LATT01)
Buyer's Agent
Jeff Puckett
LATTER & BLUM (LATT14)
List Price
$465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.26%
Original Mortgage
$432,320
Interest Rate
2.7%
Mortgage Type
FHA
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
Yang And Zhang Realty Llc $527,000 Dusang Title
Bhushan Chandra $448,000 Ajtitle Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang And Zhang Realty Llc $395,250
Previous Owner Bhushan Chandra $432,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2022 03/04/22 Sold -- -- --
02/02/2022 02/02/22 Pending -- -- --
01/28/2022 01/28/22 For Sale $539,900 +16.1% $115 / Sq Ft
02/26/2021 02/26/21 Sold -- -- --
01/27/2021 01/27/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $465,000 -- $99 / 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
2024 $630 $42,560 $7,650 $34,910
2023 $5,599 $42,560 $7,650 $34,910
2022 $5,452 $42,560 $7,650 $34,910
2021 $5,064 $42,560 $7,650 $34,910
2020 $2,134 $18,060 $7,650 $10,410
2019 $1,828 $15,050 $6,120 $8,930
2018 $1,707 $15,050 $6,120 $8,930
2017 $1,707 $15,050 $6,120 $8,930
2016 $1,674 $15,050 $6,120 $8,930
2015 $1,711 $15,210 $4,900 $10,310
2014 $1,711 $15,210 $4,900 $10,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2331141

APN: 0820011638