NOT LISTED FOR SALE

4820 Banks St New Orleans, LA 70119

Mid-City Neighborhood

Estimated Value: $410,670

-- Bed
-- Bath
8,609 Sq Ft
$48/Sq Ft Est. Value

Last Sold May 26, 2017

Current estimated payment $3,107/month

49 Days on Market

About This Home

As of May 2017

Creative warehouse space located on oak tree lined banks street near the historic cematarties. Currently used as a wood shop on the first floor and 1-studio apt plus 6 private office/creative spaces on second floor. There is one full bath located in the studio apt plus 3 half baths. The roof structure has spray foam insulation. Zoned HU-MU allowing for many commercial uses. Potentially could be a live/work space, continue to lease as creative spaces, open a yoga/pilates studio or start your business here.

Last Agent to Sell the Property

MJ Sauer

Keller Williams Realty New Orleans License #000074881 Listed on: 03/07/2017

Keller Williams Realty New Orleans

Co-Listed By

James Howell

Keller Williams Realty New Orleans License #000033645

Last Buyer's Agent

Seph Babington

The McEnery Company License #995687302

The McEnery Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $10,300

Lot Details

  • Irregular Lot
  • Zoning described as HU-MU

Home Design

  • Metal Siding

Interior Spaces

  • 8,609 Sq Ft Home
  • Property has 2 Levels
  • Living Quarters

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Location

  • City Lot

Listing and Financial Details

  • The owner pays for all utilities, insurance
  • Assessor Parcel Number 701194820BanksST

Property Details

Property Type

Other

Est. Annual Taxes

$10,300

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 23/60x210/204
  • Co List Office Mls Id: URBA01
  • Co List Office Phone: (504) 488-0950
  • Directions: Drive down Canal St from City Park, make a right at S St Patrick St., turn left on Banks. Property on left.
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Mixed Use, Office, Warehouse
  • Year Built Details: 67
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Owner Pays: All Utilities, Insurance

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Construction Type: Block, Metal Siding
  • Other Structures: Living Quarters
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701194820BanksST
  • Zoning Description: HU-MU
  • Zoning: HU-MU
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 2650.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2017
Closed on
May 26, 2017
Sold by
4820 Creative Warehouse Llc A Louisiana
Bought by
Nesbitt Lee Terrell
Seller's Agent
MJ Sauer
Keller Williams Realty New Orleans
Buyer's Agent
Seph Babington
The McEnery Company
List Price
$599,000
Current Estimated Value
$410,670

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.50%

Purchase Details

Closed on
Aug 28, 2008
Sold by
Historic Midcity Llc
Bought by
4820 Creative Warehouse Llc

Purchase Details

Closed on
Jun 29, 2007
Sold by
Simoneaux David G
Bought by
Historic Midcity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
6.19%
Mortgage Type
Commercial
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
Nesbitt Lee Terrell $550,000 Preservation Title
4820 Creative Warehouse Llc $265,000 --
Historic Midcity Llc $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Historic Midcity Llc $33,000
Previous Owner Historic Midcity Llc $135,000
Previous Owner Historic Midcity Llc $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2017 05/26/17 Sold -- -- --
04/26/2017 04/26/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $599,000 -- $70 / 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 $10,300 $74,250 $14,260 $59,990
2024 $9,949 $74,250 $14,260 $59,990
2023 $8,179 $71,620 $2,460 $69,160
2022 $8,179 $62,210 $2,460 $59,750
2021 $7,816 $58,450 $2,460 $55,990
2020 $9,803 $71,620 $2,460 $69,160
2019 $9,847 $69,490 $2,460 $67,030
2018 $10,532 $73,020 $2,460 $70,560
2017 $6,328 $40,770 $2,460 $38,310
2016 $6,488 $40,770 $2,460 $38,310
2015 $6,361 $40,770 $2,460 $38,310
2014 -- $40,770 $2,460 $38,310
2013 -- $45,290 $2,460 $42,830
Source: Public Records

Agents Affiliated with this Home

  • MJ Sauer

    Seller's Agent in 2017

    MJ Sauer

    Keller Williams Realty New Orleans

    (504) 862-0100

    12 in this area

    94 Total Sales

    Section Image
  • James Howell

    Seller Co-Listing Agent in 2017

    James Howell

    Keller Williams Realty New Orleans

    (504) 982-5921

    3 in this area

    44 Total Sales

    Section Image
  • Seph Babington

    Buyer's Agent in 2017

    Seph Babington

    The McEnery Company

    (504) 214-7775

    3 in this area

    19 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2093860

APN: 1-05-3-100-13

Louisiana Orleans Parish New Orleans 70119 Mid-City

4820 Banks St, New Orleans, LA

This home is located at 4820 Banks St, New Orleans, LA 70119 since 07 March 2017 and is currently estimated at $410,670, approximately $47 per square foot. 4820 Banks St is a home located in Orleans Parish with nearby schools including Esperanza Charter Elementary School, Mary Bethune Elementary School, and Success Preparatory Academy.

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