NOT LISTED FOR SALE

316 N Elm St Metairie, LA 70003

Estimated Value: $185,142 - $215,000

4 Beds
2 Baths
1,540 Sq Ft
$128/Sq Ft Est. Value

Last Sold May 30, 2024

Current estimated payment $1,221/month

60 Days on Market

Highlights

  • Ductless Heating Or Cooling System
  • Energy-Efficient Windows
  • Rectangular Lot
  • Airline Park Academy For Advanced Studies Rated A
  • Property is in very good condition
  • Wall Furnace

About This Home

As of May 2024

NEW ROOF (2022) - NEW WINDOWS (2020) - NEW Ductless HVAC Units (2020) - Each Unit has Private Washer/Dryer Hookups -- Low Flood Insurance ($750/year in AE Flood Zone) - Long-Term Tenants on Month-To-Month Leases on Both Sides -- Current Rents: $1700/month // Market Rents: $2000/month -- Current Cash on Cash Return: 10.4% // Potential Cash on Cash Return: 12.2% - Zoning is RR3 per Jefferson Parish

Last Agent to Sell the Property

Emily Haynie Ferraro

KELLER WILLIAMS REALTY 455-0100 License #912124532 Listed on: 02/23/2024

KELLER WILLIAMS REALTY 455-0100

Last Buyer's Agent

PAMELA BURFORD

1st BMG REALTY, L.L.C. License #995708990

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,457

Year Built

  • Built in 1974

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 47x120
  • Rectangular Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Shingled Roof

Interior Spaces

  • 1,540 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Additional Features

  • Energy-Efficient Windows
  • Outside City Limits

Community Details

  • 2 Units
  • East Bank Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Tax Lot 57A

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,457

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.13
  • Lot Size: 47X120
  • Subdivision Name: East Bank
  • Architectural Style: Ranch
  • Entry Level: 1
  • Unit Levels: One
  • Efficiency: Windows
  • Building Stories: 1
  • Year Built: 1974
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Living Area: 1540.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Outside City Limits, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Brick Veneer
  • Foundation Details: Slab
  • Property Condition: Very Good Condition
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Off Street

Utilities

  • Laundry Features: In Unit
  • Cooling: Ductless, Wall Unit(s)
  • Cooling Y N: Yes
  • Heating: Ductless, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Lot: 57A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2024
Closed on
Jun 6, 2024
Sold by
Diez Steve
Bought by
Garcia Saidy Skarleth
Seller's Agent
Emily Haynie Ferraro
KELLER WILLIAMS REALTY 455-0100
Buyer's Agent
PAMELA BURFORD
1st BMG REALTY, L.L.C.
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Total Days on Market
60
Views
114
Current Estimated Value
$196,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,214
Avg. Annual Appreciation
-1.55%
Original Mortgage
$170,000
Outstanding Balance
$168,616
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$28,170

Purchase Details

Listed on
Oct 14, 2019
Closed on
Dec 13, 2019
Sold by
Bryant Patrick Owen and Bryant Robin Stieffel
Bought by
Diez Steve
Seller's Agent
Tina Scott
Keller Williams Realty New Orleans
Buyer's Agent
Kelly Caudle
Demand Realty
List Price
$147,200
Sold Price
$141,500
Premium/Discount to List
-$5,700
-3.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%
Original Mortgage
$152,042
Interest Rate
3.7%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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
Garcia Saidy Skarleth $200,000 Preservation Title
Diez Steve $141,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Saidy Skarleth $170,000
Previous Owner Diez Steve $148,707
Previous Owner Diez Steve $152,042
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold -- -- --
04/24/2024 04/24/24 Pending -- -- --
04/03/2024 04/03/24 Price Changed $197,000 -12.4% $128 / Sq Ft
02/23/2024 02/23/24 For Sale $225,000 +52.9% $146 / Sq Ft
12/13/2019 12/13/19 Sold -- -- --
11/13/2019 11/13/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $147,200 -- $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
2024 $1,457 $15,060 $3,310 $11,750
2023 $639 $12,550 $3,310 $9,240
2022 $1,545 $12,550 $3,310 $9,240
2021 $1,434 $12,550 $3,310 $9,240
2020 $1,423 $12,550 $3,310 $9,240
2019 $1,464 $12,550 $3,310 $9,240
2018 $1,363 $12,550 $3,310 $9,240
2017 $1,363 $12,550 $3,310 $9,240
2016 $1,335 $12,550 $3,310 $9,240
2015 $1,363 $12,680 $2,950 $9,730
2014 $1,363 $12,680 $2,950 $9,730
Source: Public Records

Agents Affiliated with this Home

  • Emily Haynie Ferraro

    Seller's Agent in 2024

    Emily Haynie Ferraro

    KELLER WILLIAMS REALTY 455-0100

    (504) 430-6004

    28 in this area

    96 Total Sales

    Emily Haynie Ferraro
    Section Image
  • PAMELA BURFORD

    Buyer's Agent in 2024

    PAMELA BURFORD

    1st BMG REALTY, L.L.C.

    (504) 343-3376

    4 in this area

    62 Total Sales

    PAMELA BURFORD
    Section Image
  • Tina Scott

    Seller's Agent in 2019

    Tina Scott

    Keller Williams Realty New Orleans

    (504) 450-1114

    2 in this area

    111 Total Sales

    Tina Scott
    Section Image

  • K

    Buyer's Agent in 2019

    Kelly Caudle

    Demand Realty

See All Agents

Map

Source: ROAM MLS

MLS Number: 2435567

APN: 0910002332

Louisiana Jefferson Parish Metairie 70003

316 N Elm St, Metairie, LA

This home is located at 316 N Elm St, Metairie, LA 70003 since 23 February 2024 and is currently estimated at $196,786, approximately $127 per square foot. This property was built in 1974. 316 N Elm St is a home located in Jefferson Parish with nearby schools including Ralph J Bunche Elementary, Airline Park Academy For Advanced Studies, and T.H. Harris Middle School.

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