Last list price
3037 Royal St New Orleans, LA 70117
Bywater Neighborhood
7
Beds
11
Baths
12,500
Sq Ft
7,536
Sq Ft Lot
Highlights
- Enhanced Accessible Features
- Property is in very good condition
- 4-minute walk to Markey Park
- Central Heating and Cooling System
About This Home
As of July 2025Reduced! Motivated Seller!
3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are currently leased, and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas.
With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.
Last Agent to Sell the Property
Ben & Burka License #NOM:995700882 Listed on: 05/06/2024
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,744
Year Built
- Built in 2010
Lot Details
- Lot Dimensions are 46x159
- Property is in very good condition
Home Design
- Raised Foundation
- Shingle Roof
- Siding
Interior Spaces
- 12,500 Sq Ft Home
- Property has 2 Levels
Parking
- Driveway
- Off-Street Parking
Utilities
- Central Heating and Cooling System
- Internet Available
Additional Features
- Enhanced Accessible Features
- Outside City Limits
Community Details
- 6 Units
Listing and Financial Details
- Assessor Parcel Number 41062151
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 14, 2021
Closed on
May 8, 2022
Sold by
Shelter Resources Inc
Bought by
Define Your Dwelling Incorporated
Seller's Agent
Tracey Moore
REVE, REALTORS
Buyer's Agent
NON MEMBER
NON-MLS MEMBER
List Price
$1,200,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$918,000
Outstanding Balance
$878,405
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$221,742
Similar Homes in New Orleans, LA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $882,000 | Monarch Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $918,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Sold | -- | -- | -- |
| 07/07/2025 07/07/25 | Sold | -- | -- | -- |
| 09/05/2024 09/05/24 | Price Changed | $1,295,000 | 0.0% | $104 / Sq Ft |
| 09/05/2024 09/05/24 | Price Changed | $1,295,000 | -4.1% | $104 / Sq Ft |
| 06/20/2024 06/20/24 | Price Changed | $1,350,000 | 0.0% | $108 / Sq Ft |
| 06/20/2024 06/20/24 | Price Changed | $1,350,000 | -6.9% | $108 / Sq Ft |
| 05/06/2024 05/06/24 | Price Changed | $1,450,000 | 0.0% | $116 / Sq Ft |
| 05/06/2024 05/06/24 | Price Changed | $1,450,000 | -90.0% | $116 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $14,500,000 | 0.0% | $1,160 / Sq Ft |
| 05/06/2024 05/06/24 | For Sale | $14,500,000 | +1108.3% | $1,160 / Sq Ft |
| 06/14/2022 06/14/22 | Sold | -- | -- | -- |
| 05/15/2022 05/15/22 | Pending | -- | -- | -- |
| 05/14/2021 05/14/21 | For Sale | $1,200,000 | -- | $113 / Sq Ft |
Source: Gulf South Real Estate Information Network
Tax History Compared to Growth
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 | $10,744 | $81,400 | $18,890 | $62,510 |
| 2024 | $10,907 | $81,400 | $18,890 | $62,510 |
| 2023 | -- | $77,620 | $15,110 | $62,510 |
| 2022 | -- | $96,000 | $15,110 | $80,890 |
| 2021 | -- | $79,760 | $15,110 | $64,650 |
| 2020 | $0 | $112,090 | $15,110 | $96,980 |
| 2019 | $0 | $112,090 | $15,110 | $96,980 |
| 2018 | $0 | $112,090 | $15,110 | $96,980 |
| 2017 | -- | $112,090 | $15,110 | $96,980 |
| 2016 | -- | $112,090 | $15,110 | $96,980 |
| 2015 | -- | $78,170 | $3,780 | $74,390 |
| 2014 | -- | $53,370 | $3,780 | $49,590 |
| 2013 | -- | $53,370 | $3,780 | $49,590 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Aaron Kazanoff
Ben & Burka
(504) 301-1002
3 in this area
46 Total Sales
-
M
Buyer's Agent in 2025
Maurice Guillot
Maurice Guillot Properties
(504) 669-4452
31 Total Sales
-
Seller's Agent in 2022
Tracey Moore
REVE, REALTORS
(504) 352-3303
10 in this area
216 Total Sales
-
N
Buyer's Agent in 2022
NON MEMBER
NON-MLS MEMBER
Map
Source: Gulf South Real Estate Information Network
MLS Number: 2446879
APN: 3-9W-1-075-06
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