NOT LISTED FOR SALE

2725 Paris Ave New Orleans, LA 70119

Fairgrounds Neighborhood

Estimated Value: $240,000 - $288,511

4 Beds
2 Baths
2,068 Sq Ft
$127/Sq Ft Est. Value

Last Sold November 27, 2017

Current estimated payment $1,516/month

Highlights

  • Central Heating and Cooling System
  • Wood Siding
  • 1-Story Property
  • Property is in very good condition

About This Home

As of November 2017

Spectacular opportunity to own a rental walking distance to Fairgrounds, Jazz, & Heritage festivals. 2 bed/ 2 bath home with detached 1 bedroom apartment in the rear. Live in one and generate great income from the other, or rent both and generate over 13% ROI. No carpet all ceramic, laminate, and original hardwood flooring. Granite counters, Jacuzzi tub, high ceilings, freshly painted, and spacious rooms. Investors/Owner occupants this is a great opportunity to take advantage of the rental market.

Last Agent to Sell the Property

Bilal Zughayer

Bilal A. Zughayer License #NOM:995701167 Listed on: 09/24/2017

Last Buyer's Agent

Edward Coleman

Edward W. Coleman & Assoc.,Inc License #NOM:000048533

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,669

Lot Details

  • 4,291 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • 1-Story Property

Parking

  • Driveway
  • Off-Street Parking

Location

  • Outside City Limits

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Window Unit Heating System
  • Internet Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 701192725-2725AParisAV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,669

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: Double
  • Style: Other
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 1576 LOT K OR PTS 16 17 PARIS AVE 39X110 DBLE 5/RM EA C/R GARAGE; 2725 PARIS AV, APT. A
  • Lp Amt Sq Ft: 89.46
  • Building Stories: 1.00000
  • Age: 67
  • Age Description: Resale
  • Age Description 2: None
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Estimated Living Area: 2068
  • Total Sq Ft: 2068

Exterior Features

  • Exterior: Aluminum Siding, Wood Siding
  • Foundation: Raised, Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: Driveway Only, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Central, Window Unit
  • Electricity Provided By: Entergy
  • Gas Type: Natural
  • Heating: Central, Window Unit
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Acres: 0.0985
  • Elevation Certificate: No
  • Lot Description: Regular
  • Lot Size: 39/110
  • Parcel #: 701192725-2725AParisAV

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

  • Lease Purchase Poss: Yes

Multi Family

  • Total Units: 2
  • Unit Count: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2017
Closed on
Nov 27, 2017
Sold by
Louisiana Redevelopment Source Llc A Com
Bought by
Labat Ceara A
Seller's Agent
Bilal Zughayer
Bilal A. Zughayer
Buyer's Agent
Edward Coleman
Edward W. Coleman & Assoc.,Inc
List Price
$185,000
Current Estimated Value
$263,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%
Original Mortgage
$162,011
Outstanding Balance
$136,293
Interest Rate
3.91%
Mortgage Type
FHA
Estimated Equity
$126,835

Purchase Details

Closed on
Aug 21, 2017
Sold by
Nunnery Dorothy and Nunnery John Davis
Bought by
Louisiana Redevelopment Source
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
Labat Ceara A $165,000 Attorney
Louisiana Redevelopment Source $80,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Labat Ceara A $162,011
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2017 11/27/17 Sold -- -- --
09/24/2017 09/24/17 Pending -- -- --
09/24/2017 09/24/17 For Sale $185,000 -- $89 / 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 $1,669 $24,130 $3,430 $20,700
2024 $2,301 $24,130 $3,430 $20,700
2023 $1,046 $14,850 $2,570 $12,280
2022 $1,046 $14,240 $2,570 $11,670
2021 $1,155 $14,850 $2,570 $12,280
2020 $1,166 $14,850 $2,570 $12,280
2019 $830 $12,350 $1,290 $11,060
2018 $1,903 $12,350 $1,290 $11,060
2017 $1,817 $12,350 $1,290 $11,060
2016 $1,875 $12,350 $1,290 $11,060
2015 $1,836 $12,350 $1,290 $11,060
2014 -- $12,350 $1,290 $11,060
2013 -- $12,350 $1,290 $11,060
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2017

    Bilal Zughayer

    Bilal A. Zughayer

    (504) 500-1000

    44 Total Sales

    Bilal Zughayer
    Section Image

  • E

    Buyer's Agent in 2017

    Edward Coleman

    Edward W. Coleman & Assoc.,Inc

    (504) 244-0065

    1 Total Sale

    Edward Coleman
    Section Image
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Map

Source: Gulf South Real Estate Information Network

MLS Number: 2123445

Gulf South Real Estate Information Network

APN: 3-7W-3-053-13

Louisiana Orleans Parish New Orleans 70119 Fairgrounds

2725 Paris Ave, New Orleans, LA

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