NOT LISTED FOR SALE

2909 Franklin Ave New Orleans, LA 70122

Saint Roch Neighborhood

Estimated Value: $37,000 - $240,000

-- Bed
-- Bath
25,391 Sq Ft
$5/Sq Ft Est. Value

Last Sold May 07, 2021

Current estimated payment $880/month

284 Days on Market

About This Home

As of May 2021

Property consists of an entire city block roughly 85,000 sf with a 50,000 sf building located near Gentilly. The property is divided into three addresses. The building currently consists of office space, a warehouse and a theatre. Zoned LI (Light Industrial) which means almost all development will work. This location is easily accessible from all points in the city and 5 minutes from the French Quarter. Franklin Ave. is a four-lane street intersecting with I-610, with exit and on ramps both east and west.

Last Agent to Sell the Property

Shaun McCarthy

McCarthy Group REALTORS License #995691053 Listed on: 06/26/2020

Co-Listed By

Patrick Agent Mansour

United Real Estate Partners LLC License #995691134

Last Buyer's Agent

Shaun McCarthy

McCarthy Group REALTORS License #995691053 Listed on: 06/26/2020

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $1,745

Lot Details

  • 1.01 Acre Lot
  • Oversized Lot
  • Zoning described as LI

Parking

  • Parking Lot

Additional Features

  • 25,391 Sq Ft Home
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 701222909FranklinAV

Property Details

Property Type

Other

Est. Annual Taxes

$1,745

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 1.0116
  • Lot Size: 329/325 x 278/267
  • Co List Office Mls Id: BHHS02
  • Co List Office Phone: (504) 605-1998
  • Directions: On Franklin Ave. between the interstate and Florida Ave.
  • New Construction: No
  • Structure Type: Office, Retail
  • Year Built Details: 55
  • Special Features: None
  • Property Sub Type: Other

Exterior Features

  • Lot Features: 1 to 5 Acres, City Lot, Oversized Lot
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701222909FranklinAV
  • Zoning Description: LI
  • Zoning: LI
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
May 7, 2021
Sold by
Hah Holdings Llc
Bought by
Professional Funeral Services Inc
Seller's Agent
Shaun McCarthy
McCarthy Group REALTORS
Buyer's Agent
Shaun McCarthy
McCarthy Group REALTORS
List Price
$2,500,000
Current Estimated Value
$138,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-43.08%
Original Mortgage
$1,360,000
Outstanding Balance
$1,232,500
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
-$1,094,000

Purchase Details

Closed on
Feb 4, 2019
Sold by
Yorsch Development Group Llc
Bought by
Hah Holdings Llc

Purchase Details

Closed on
Jan 25, 2018
Sold by
Buckingham Holdings Co Llc
Bought by
Storyville Development Llc

Purchase Details

Closed on
Jul 18, 2008
Sold by
Buckingham Holding Co Llc
Bought by
Barth Barry G
Source: Public Records

Range of Values:

Collateral Analytics

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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
Professional Funeral Services Inc $1,700,000 None Available
Hah Holdings Llc $1,650,000 Nola Title Group Llc
Storyville Development Llc -- None Available
Barth Barry G $10,042 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Professional Funeral Services Inc $1,360,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Sold -- -- --
04/07/2021 04/07/21 Pending -- -- --
06/26/2020 06/26/20 For Sale $2,500,000 -- $98 / 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 $1,745 $13,220 $13,220 $0
2024 $1,771 $13,220 $13,220 $0
2023 $11,402 $13,210 $13,210 $0
2022 $11,402 $81,030 $13,210 $67,820
2021 $2,559 $17,780 $13,220 $4,560
2020 $2,528 $17,390 $13,220 $4,170
2019 $2,627 $17,390 $13,220 $4,170
2018 $9,525 $61,820 $13,220 $48,600
2017 $9,682 $65,810 $13,220 $52,590
2016 $9,989 $65,810 $13,220 $52,590
2015 $9,784 $65,810 $13,220 $52,590
2014 -- $65,810 $13,220 $52,590
2013 -- $65,810 $13,220 $52,590
Source: Public Records

Agents Affiliated with this Home

  • Shaun McCarthy

    Seller's Agent in 2021

    Shaun McCarthy

    McCarthy Group REALTORS

    (504) 322-7337

    1 in this area

    396 Total Sales

    Shaun McCarthy
    Section Image

  • P

    Seller Co-Listing Agent in 2021

    Patrick Agent Mansour

    United Real Estate Partners LLC

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2256344

APN: 3-8W-2-071-01

Louisiana Orleans Parish New Orleans 70122 Saint Roch

2909 Franklin Ave, New Orleans, LA

This home is located at 2909 Franklin Ave, New Orleans, LA 70122 since 26 June 2020 and is currently estimated at $138,500, approximately $5 per square foot. 2909 Franklin Ave is a home located in Orleans Parish with nearby schools including Mary Bethune Elementary School, Audubon Gentilly, and KIPP Leadership Primary.

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.

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