NOT LISTED FOR SALE

4123 Downman Rd New Orleans, LA 70126

Pines Village Neighborhood

Estimated Value: $826,752

-- Bed
-- Bath
14,207 Sq Ft
$58/Sq Ft Est. Value

Last Sold December 11, 2019

Current estimated payment $4,955/month

30 Days on Market

About This Home

As of December 2019

APPROXIMATELY $60,000 ANNUAL GROSS INCOME...14,209 SQ FT BUILDING...COMMERCIAL AND RESIDENTIAL TENANTS...MANY LONG TERM TENANTS...FRONTAGE ON 3 STREETS...A FULL 1/2 CITY BLOCK...RECENT ROOF COATING...8 UNITS...1 VACANT...FLOOD INSURANCE $1,250 FOR $250k

Last Agent to Sell the Property

Paul Gilmore

Paul Gilmore & Associates, Inc. License #000039244 Listed on: 10/11/2019

Last Buyer's Agent

Paul Gilmore

Paul Gilmore & Associates, Inc. License #000039244 Listed on: 10/11/2019

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $7,072

Lot Details

  • Rectangular Lot
  • The community has rules related to zoning restrictions
  • Zoning described as SB-1

Interior Spaces

  • 14,207 Sq Ft Home
  • Property has 2 Levels
  • Living Quarters

Parking

  • 3 Parking Spaces
  • Assigned Parking

Location

  • City Lot

Listing and Financial Details

  • Tenant pays for all utilities, janitorial service
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 701264123-27DOWNMANRD

Property Details

Property Type

Other

Est. Annual Taxes

$7,072

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 40X109+80X100
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Mixed Use, Retail, Warehouse
  • Year Built Details: 55
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Owner Pays: Insurance, Taxes
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Other Structures: Living Quarters
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701264123-27DOWNMANRD
  • Zoning Description: SB-1
  • Zoning: SB-1
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Janitorial Service

Multi Family

  • Annual Gross Income: 60000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2019
Closed on
Dec 11, 2019
Sold by
L & R Realty Investment & Construction C
Bought by
Ivro Investments Llc
Seller's Agent
Paul Gilmore
Paul Gilmore & Associates, Inc.
Buyer's Agent
Paul Gilmore
Paul Gilmore & Associates, Inc.
List Price
$299,000
Current Estimated Value
$826,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.99%
Original Mortgage
$250,000
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 Buyer Sale Price Title Company
Ivro Investments Llc $250,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ivro Investments Llc $615,669
Closed Ivro Investments Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2019 12/11/19 Sold -- -- --
11/11/2019 11/11/19 Pending -- -- --
10/11/2019 10/11/19 For Sale $299,000 -- $21 / 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 $7,072 $53,580 $1,530 $52,050
2024 $7,179 $53,580 $1,530 $52,050
2023 $3,070 $31,460 $1,530 $29,930
2022 $3,070 $21,820 $1,530 $20,290
2021 $3,141 $21,820 $1,530 $20,290
2020 $3,172 $21,820 $1,530 $20,290
2019 $3,910 $25,880 $1,530 $24,350
2018 $3,988 $25,880 $1,530 $24,350
2017 $3,807 $25,880 $1,530 $24,350
2016 $3,928 $25,880 $1,530 $24,350
2015 $3,848 $25,880 $1,530 $24,350
2014 -- $25,880 $1,530 $24,350
2013 -- $25,880 $1,530 $24,350
Source: Public Records

Agents Affiliated with this Home

  • Paul Gilmore

    Seller's Agent in 2019

    Paul Gilmore

    Paul Gilmore & Associates, Inc.

    (504) 239-8008

    1 in this area

    65 Total Sales

    Paul Gilmore
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Map

Source: ROAM MLS

MLS Number: 2227113

APN: 3-9W-9-022-04

Louisiana Orleans Parish New Orleans 70126 Pines Village

4123 Downman Rd, New Orleans, LA

This home is located at 4123 Downman Rd, New Orleans, LA 70126 since 11 October 2019 and is currently estimated at $826,752, approximately $58 per square foot. 4123 Downman Rd is a home located in Orleans Parish with nearby schools including KIPP East Community Primary, Mary Bethune Elementary School, and Hynes Parkview.

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