NOT LISTED FOR SALE

420 S Galvez St New Orleans, LA 70119

Tulane-Gravier Neighborhood

Estimated Value: $442,412

9 Beds
5 Baths
3,920 Sq Ft
$113/Sq Ft Est. Value

Last Sold June 21, 2018

Current estimated payment $2,827/month

83 Days on Market

Highlights

  • Window Unit Cooling System
  • Wood Siding
  • Property has 1 Level
  • Rectangular Lot

About This Home

As of June 2018

Attention investors & developers!! Location, Location, Location!! At the edge of the new medical corridor this solid 5-plex always stays rented. Units are spacious, clean and simple. Lower units have had some recent upgrades. Free standing 1 bedroom cottage in rear of property. Property offers MS zoning with HU-B1A overlay so potential is tremendous for redevelopment. Currently monthly revenue currently in excess of 4K.

Last Agent to Sell the Property

Brett Rector

Witry Collective, L.L.C. License #995697878 Listed on: 02/27/2018

Last Buyer's Agent

Shelley Lawrence

Wurth Real Estate Services License #000028441

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,992

Year Built

  • Built in 1927

Lot Details

  • Lot Dimensions are 30.11 x 135
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 3,920 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • City Lot
  • Window Unit Cooling System

Community Details

  • 5 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 70119420SGALVEZST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,992

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Residential Income
  • Lot Size: 30.11 x 135
  • Co List Office Mls Id: RMCB01
  • Co List Office Phone: (504) 838-0001
  • Architectural Style: Other
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 80
  • Year Built: 1927
  • Property Sub Type Additional: Other
  • Special Features: None
  • Stories: 1
  • Year Built: 1927

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 5
  • Total Bedrooms: 9
  • Living Area: 3920.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Home Warranty: No
  • Construction Type: HardiPlank Type, Stucco, Wood Siding
  • Foundation Details: Slab
  • Property Condition: Average Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70119420SGALVEZST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2018
Closed on
Jun 21, 2018
Sold by
Ryan Christopher B
Bought by
Ries Thomas A
Seller's Agent
Brett Rector
Witry Collective, L.L.C.
Buyer's Agent
Shelley Lawrence
Wurth Real Estate Services
List Price
$412,500
Total Days on Market
83
Current Estimated Value
$442,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%
Original Mortgage
$286,125
Outstanding Balance
$250,030
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$299,294

Purchase Details

Listed on
Apr 12, 2012
Closed on
Jun 22, 2012
Sold by
Iberiabank
Bought by
Ryan Christopher B
Seller's Agent
PAM CREATH
Esquire Realty Co.
Buyer's Agent
Brett Rector
Witry Collective, L.L.C.
List Price
$145,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.81%
Original Mortgage
$90,300
Interest Rate
3.81%

Purchase Details

Closed on
Mar 12, 2012
Sold by
Gusman Sheriff Marlin N
Bought by
Omni Bank
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
Ries Thomas A $381,500 Heritage Title Group Llc
Ryan Christopher B $129,000 --
Omni Bank $53,333 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ries Thomas A $286,125
Previous Owner Ryan Christopher B $122,500
Previous Owner Ryan Christopher B $90,300
Previous Owner G R I P Development Inc $166,618
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2018 06/21/18 Sold -- -- --
05/22/2018 05/22/18 Pending -- -- --
02/27/2018 02/27/18 For Sale $412,500 +184.5% $105 / Sq Ft
06/22/2012 06/22/12 Sold -- -- --
05/23/2012 05/23/12 Pending -- -- --
04/12/2012 04/12/12 For Sale $145,000 -- $56 / 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 $4,992 $63,530 $6,950 $56,580
2024 $6,526 $63,530 $6,950 $56,580
2023 $6,526 $48,500 $6,130 $42,370
2022 $6,526 $46,380 $6,130 $40,250
2021 $4,943 $34,340 $6,130 $28,210
2020 $4,992 $34,340 $6,130 $28,210
2019 $1,949 $12,900 $2,450 $10,450
2018 $1,988 $12,900 $2,450 $10,450
2017 $1,898 $12,900 $2,450 $10,450
2016 $1,958 $12,900 $2,450 $10,450
2015 $1,918 $12,900 $2,450 $10,450
2014 -- $12,900 $2,450 $10,450
2013 -- $12,900 $2,450 $10,450
Source: Public Records

Agents Affiliated with this Home

  • Brett Rector

    Seller's Agent in 2018

    Brett Rector

    Witry Collective, L.L.C.

    (504) 291-2022

    76 Total Sales

    Section Image
  • Shelley Lawrence

    Buyer's Agent in 2018

    Shelley Lawrence

    Wurth Real Estate Services

    (504) 813-8466

    2 in this area

    139 Total Sales

    Section Image

  • P

    Seller's Agent in 2012

    PAM CREATH

    Esquire Realty Co.

See All Agents

Map

Source: ROAM MLS

MLS Number: 2143494

APN: 1-05-1-052-32

Louisiana Orleans Parish New Orleans 70112 Tulane-Gravier

420 S Galvez St, New Orleans, LA

This home is located at 420 S Galvez St, New Orleans, LA 70119 since 27 February 2018 and is currently priced at $442,412, approximately $112 per square foot. This property was built in 1927. 420 S Galvez St is a home located in Orleans Parish with nearby schools including Phillis Wheatley Community School, Bricolage Academy, and Mary Bethune Elementary School.

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