$1,150,000
SOLD MAR 21, 2025
Last list price

3947 Magazine St New Orleans, LA 70115

Milan Neighborhood
-- Bed
-- Bath
1,230 Sq Ft
2,744 Sq Ft Lot

Recently Sold

$935 Per Sq Ft

1,046 Days on Market

About This Home

As of March 2025

3947 Magazine Street was recently leased out to Rowan, Inc. as their first store in the New Orleans market. Rowan Piercing Studio performs ear piercings using licensed nurses. The corporately guaranteed lease term expires in January of 2030 and follows annual rental increases of 3%. The property is offered at $1,175,000, for a 6.4% capitalization rate. This stretch of Magazine Street is centrally located, and easily accessible for Uptown and Garden District Residents alike.

Last Agent to Sell the Property

Aaron Kazanoff

Ben & Burka License #995700882 Listed on: 05/09/2022

Co-Listed By

Casey Burka

Ben & Burka License #000078237

Last Buyer's Agent

Aaron Kazanoff

Ben & Burka License #995700882 Listed on: 05/09/2022

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,119

Year Built

  • Built in 1942 | Remodeled

Lot Details

  • Lot Dimensions are 23 x 120
  • Rectangular Lot
  • Zoning described as HU-B1

Home Design

  • Cosmetic Repairs Needed

Interior Spaces

  • 1,230 Sq Ft Home
  • Property has 1 Level

Location

  • City Lot

Community Details

  • Common Area

Listing and Financial Details

  • Tenant pays for all utilities, insurance, janitorial service, taxes
  • Assessor Parcel Number 701153947MagazineST

Property Details

Property Type

Other

Est. Annual Taxes

$8,119

Year Built

Built in 1942 | Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 23 x 120
  • Co List Office Mls Id: BNBK01
  • Co List Office Phone: (504) 301-1002
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Retail
  • Year Built Details: Resale,Remodeled structural changes - all major mechanical systems i.e. HVAC,Renovated cosmetic changes of at least 50% total living area - i.e. paint
  • Year Built: 1942
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1
  • Year Built: 1942

Interior Features

  • ResoLivingAreaSource: Assessor

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Property Condition: Repairs Cosmetic, Updated/Remodeled, Resale

Garage/Parking

  • Parking Features: None

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Parcel #: 701153947MagazineST
  • Zoning Description: HU-B1
  • Zoning: HU-B1
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Insurance, Janitorial Service, Taxes

Multi Family

  • Annual Gross Income: 75000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2019
Sold by
Cisco Robert W and Cisco Lou Ellen Ortego
Bought by
Ssh Investments Llc
Current Estimated Value
$1,013,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
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 Type Sale Price Title Company
Deed $440,000 Granite Title Agency Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $350,000 New Conventional
Closed $100,000 New Conventional
Closed $440,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold -- -- --
07/02/2024 07/02/24 Price Changed $1,150,000 -2.1% $935 / Sq Ft
04/18/2024 04/18/24 Price Changed $1,175,000 -9.6% $955 / Sq Ft
05/09/2022 05/09/22 For Sale $1,300,000 0.0% $1,057 / Sq Ft
02/21/2022 02/21/22 Rented $6,250 -11.8% --
01/22/2022 01/22/22 Under Contract -- -- --
11/29/2021 11/29/21 For Rent $7,083 -- --
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 $8,119 $58,370 $12,420 $45,950
2024 $8,235 $58,370 $12,420 $45,950
2023 $6,699 $61,170 $9,660 $51,510
2022 $6,699 $45,200 $9,660 $35,540
2021 $6,846 $45,200 $9,660 $35,540
2020 $7,349 $47,760 $9,660 $38,100
2019 $3,520 $23,300 $9,660 $13,640
2018 $3,742 $23,300 $9,660 $13,640
2017 $3,610 $23,300 $9,660 $13,640
2016 $3,718 $23,300 $9,660 $13,640
2015 $3,970 $25,370 $5,520 $19,850
2014 -- $25,370 $5,520 $19,850
2013 -- $25,370 $5,520 $19,850
Source: Public Records

Agents Affiliated with this Home

  • Aaron Kazanoff

    Seller's Agent in 2025

    Aaron Kazanoff

    Ben & Burka

    (504) 301-1002

    2 in this area

    46 Total Sales

    Aaron Kazanoff
    Section Image
  • Casey Burka

    Seller Co-Listing Agent in 2025

    Casey Burka

    Ben & Burka

    1 in this area

    18 Total Sales

    Casey Burka
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2344170

APN: 6-14-2-009-19

Louisiana Orleans Parish New Orleans 70115 Milan

3947 Magazine St, New Orleans, LA

This home is located at 3947 Magazine St, New Orleans, LA 70115 and is currently estimated at $1,150,000, approximately $934 per square foot. This property was built in 1942. 3947 Magazine St is a home located in Orleans Parish with nearby schools including Benjamin Franklin Middle School, Sophie B. Wright Institute of Academic Excellence, and Rooted School.

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