NOT LISTED FOR SALE

4038 Velie St New Orleans, LA 70126

Desire Area Neighborhood

Estimated Value: $146,000 - $164,000

3 Beds
2 Baths
1,183 Sq Ft
$129/Sq Ft Est. Value

Last Sold June 01, 2022

Current estimated payment $984/month

37 Days on Market

Highlights

  • Cottage
  • Central Heating
  • Wood Siding
  • Porch
  • Rectangular Lot
  • Property has 1 Level

About This Home

As of June 2022

Cute cottage with off street parking and the best neighbors around. This would make a great starter home or as an investment purchase. Conveniently located by I-10 and makes an optimal location for commute. Vacant and easy to show.

Last Agent to Sell the Property

Jaunice Salgado

SR Realty Group LLC License #995703423 Listed on: 03/25/2022

Last Buyer's Agent

Linda Landsmann

RE/MAX Living License #000072481

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,126

Year Built

  • Built in 1950

Lot Details

  • 3,202 Sq Ft Lot
  • Lot Dimensions are 40 x 80
  • Rectangular Lot
  • Property is in average condition

Parking

  • Driveway

Home Design

  • Cottage
  • Fixer Upper
  • Raised Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,183 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • No Cooling
  • Central Heating

Additional Features

  • Porch
  • City Lot

Community Details

  • Forest Park Subdivision

Listing and Financial Details

  • Tax Lot 2 & 3
  • Assessor Parcel Number 701264038VelieST2&3

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,126

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.0735
  • Lot Size: 40 x 80
  • Subdivision Name: Forest Park
  • Architectural Style: Cottage
  • Unit Levels: One
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built Details: 72
  • Year Built: 1950
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: RealEstateOwned
  • Stories: 1
  • Year Built: 1950

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 1183.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Porch
  • Property Condition: Average Condition, Fixer
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 701264038VelieST2&3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 2 & 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2022
Closed on
Jun 1, 2022
Sold by
Finance Of America Structured Securities
Bought by
Mitchell Robert
Seller's Agent
Jaunice Salgado
SR Realty Group LLC
Buyer's Agent
Linda Landsmann
RE/MAX Living
List Price
$90,000
Current Estimated Value
$153,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.41%
Original Mortgage
$87,300
Outstanding Balance
$82,942
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$70,254

Purchase Details

Listed on
Mar 25, 2022
Closed on
Apr 28, 2022
Sold by
Finance Of America Reverse Llc
Bought by
Finance Of America Structured Securities Acqu
Seller's Agent
Jaunice Salgado
SR Realty Group LLC
Buyer's Agent
Linda Landsmann
RE/MAX Living
List Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Outstanding Balance
$82,942
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$70,254

Purchase Details

Closed on
Mar 3, 2022
Sold by
Mason Horne Lessie
Bought by
Finance America Reverse Llc

Purchase Details

Closed on
Feb 9, 2022
Sold by
Mason Horne Lessie
Bought by
Finance America Reverse Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Mitchell Robert $90,000 None Listed On Document
Finance Of America Structured Securities Acqu -- None Listed On Document
Finance America Reverse Llc -- None Listed On Document
Finance America Reverse Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchell Robert $87,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2022 06/01/22 Sold -- -- --
05/02/2022 05/02/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $90,000 -- $76 / 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 $2,126 $16,110 $640 $15,470
2024 $2,159 $16,110 $640 $15,470
2023 $870 $6,480 $400 $6,080
2022 $870 $6,180 $400 $5,780
2021 $79 $6,100 $400 $5,700
2020 $79 $6,100 $400 $5,700
2019 $79 $6,100 $400 $5,700
2018 $79 $6,100 $400 $5,700
2017 $64 $6,100 $400 $5,700
2016 $64 $6,100 $400 $5,700
2015 $64 $6,100 $400 $5,700
2014 -- $6,100 $400 $5,700
2013 -- $6,100 $400 $5,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jaunice Salgado

    SR Realty Group LLC

    (312) 607-7013

    2 in this area

    65 Total Sales

    Jaunice Salgado
    Section Image
  • Linda Landsmann

    Buyer's Agent in 2022

    Linda Landsmann

    RE/MAX

    (504) 722-4913

    1 in this area

    30 Total Sales

    Linda Landsmann
    Section Image
See All Agents

Map

Source: ROAM MLS

MLS Number: 2338060

APN: 3-9W-8-008-12

Louisiana Orleans Parish New Orleans 70126 Desire Area

4038 Velie St, New Orleans, LA

Not Listed for Sale

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