NOT LISTED FOR SALE

3525 Banks St New Orleans, LA 70119

Mid-City Neighborhood

Estimated Value: $417,000 - $516,000

6 Beds
4 Baths
2,912 Sq Ft
$166/Sq Ft Est. Value

Last Sold August 02, 2021

Current estimated payment $3,071/month

114 Days on Market

Highlights

  • Craftsman Architecture
  • 5-minute walk to Canal And Clark
  • Property is in very good condition
  • Porch
  • Central Heating and Cooling System
  • 2-minute walk to Comisky Park

About This Home

As of August 2021

Incredible opportunity to own a charming duplex in prime MidCity location with tons of income potential! All new shoring, brand new roof, and more. Each unit features 3 spacious bedrooms and two full baths. Charming brick details and original wood accents throughout. Just three blocks from the Canal streetcar and even closer to great MidCity restaurants and entertainment. Live on one side, rent the other! Make an appointment to see this on today!

Last Agent to Sell the Property

Libby Gilbert

CBTEC MAGAZINE License #995697789 Listed on: 03/10/2021

CBTEC MAGAZINE

Last Buyer's Agent

Shelley Lawrence

Wurth Real Estate Services License #000028441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,119

Year Built

  • Built in 1949

Lot Details

  • Rectangular Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Craftsman Architecture
  • Entry on the 1st floor
  • Raised Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,912 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Parking Space
  • Off-Street Parking

Additional Features

  • Porch
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 701193525-3527BANKSST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,119

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 34'7" x 100'6"
  • Directions: Going away from downtown on Canal St., turn left on Jeff. Davis Blvd. Turn right on Banks St.. House is in second block, on right.
  • Architectural Style: Craftsman
  • Entry Level: 1
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 80
  • Year Built: 1949
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 2
  • Year Built: 1949

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 6
  • Living Area: 2912.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Construction Type: Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Porch
  • Property Condition: Very Good Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street, One Space

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701193525-3527BANKSST
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Aug 2, 2021
Sold by
Ckk Developers Llc
Bought by
Velaga Silpa and Gielewski Sophia
Seller's Agent
Libby Gilbert
CBTEC MAGAZINE
Buyer's Agent
Shelley Lawrence
Wurth Real Estate Services
List Price
$510,000
Current Estimated Value
$484,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.49%
Original Mortgage
$455,000
Outstanding Balance
$414,353
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$69,961
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Velaga Silpa $455,000 Heritage Title Group Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velaga Silpa $455,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2021 08/02/21 Sold -- -- --
07/03/2021 07/03/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $510,000 -- $175 / 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 $6,119 $44,880 $6,260 $38,620
2024 $6,013 $44,880 $6,260 $38,620
2023 $3,777 $41,860 $5,210 $36,650
2022 $3,777 $25,460 $5,210 $20,250
2021 $4,014 $26,530 $5,210 $21,320
2020 $4,052 $26,530 $5,210 $21,320
2019 $4,092 $25,760 $3,480 $22,280
2018 $4,189 $25,760 $3,480 $22,280
2017 $3,357 $21,320 $1,740 $19,580
2016 $3,436 $21,320 $1,740 $19,580
2015 $3,370 $21,320 $1,740 $19,580
2014 -- $21,320 $1,740 $19,580
2013 -- $8,250 $2,430 $5,820
Source: Public Records

Agents Affiliated with this Home

  • Libby Gilbert

    Seller's Agent in 2021

    Libby Gilbert

    CBTEC MAGAZINE

    (337) 288-8731

    3 in this area

    33 Total Sales

    Libby Gilbert
    Section Image
  • Shelley Lawrence

    Buyer's Agent in 2021

    Shelley Lawrence

    Wurth Real Estate Services

    (504) 813-8466

    2 in this area

    135 Total Sales

    Shelley Lawrence
    Section Image
See All Agents

Map

Source: ROAM MLS

MLS Number: 2288819

APN: 1-05-3-011-17

Louisiana Orleans Parish New Orleans 70119 Mid-City

3525 Banks St, New Orleans, LA

This home is located at 3525 Banks St, New Orleans, LA 70119 since 10 March 2021 and is currently estimated at $484,314, approximately $166 per square foot. This property was built in 1949. 3525 Banks St is a home located in Orleans Parish with nearby schools including Esperanza Charter Elementary School, Mary Bethune Elementary School, and Morris Jeff Community School.

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.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes