NOT LISTED FOR SALE

501 S Cortez St New Orleans, LA 70119

Mid-City Neighborhood

Estimated Value: $327,000 - $422,000

3 Beds
2 Baths
1,620 Sq Ft
$231/Sq Ft Est. Value

Last Sold July 19, 2017

Current estimated payment $2,350/month

45 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Property is in very good condition
  • Cottage
  • Central Heating and Cooling System
  • 4-minute walk to Comisky Park

About This Home

As of July 2017

Unique opportunity! 2 separate homes on one lot - live in one and have income from the other. Unlike living in a double or duplex, you don't have to worry about sound from the other apartment! Recent total renovation - kitchen and baths. 501 Cortez has charming front porch, and there is a private courtyard between both houses which is presently shared. Rear home address is 3816 Baudin. See attached photos - some are from previous listing. Property under rented!

Last Agent to Sell the Property

Joan Farabaugh

RE/MAX Affiliates License #000042441 Listed on: 05/04/2017

RE/MAX Affiliates

Last Buyer's Agent

William McIntyre

CBTEC MAGAZINE License #995684463

CBTEC MAGAZINE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,769

Year Built

  • Built in 2012

Lot Details

  • Lot Dimensions are 24' x 100
  • Fenced
  • Corner Lot
  • Property is in very good condition

Home Design

  • Duplex
  • Cottage
  • Cosmetic Repairs Needed
  • Raised Foundation
  • Shingle Roof
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 1,620 Sq Ft Home
  • Property has 1 Level
  • Laundry in unit

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Porch
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units
  • Mid City Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 70119501SCortezST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,769

Year Built

Built in 2012

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 24' x 100
  • Subdivision Name: Mid city
  • Directions: From Canal & S. Cortez: South on Cortez to Baudin (located on the corner)
  • Architectural Style: Cottage
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 85
  • Year Built: 2012
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1
  • Year Built: 2012

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1620.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Corner Lot, City Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Aluminum Siding
  • Exterior Features: Fence, Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Porch
  • Property Condition: Repairs Cosmetic, Very Good Condition, Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: None

Utilities

  • Laundry Features: Inside
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70119501SCortezST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2017
Closed on
Jul 19, 2017
Sold by
Delatte Melroy J
Bought by
Schar Molly Christine and Weller Barbara Duffey
Seller's Agent
Joan Farabaugh
RE/MAX Affiliates
Buyer's Agent
William McIntyre
CBTEC MAGAZINE
List Price
$350,000
Current Estimated Value
$373,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.97%
Original Mortgage
$215,000
Outstanding Balance
$179,492
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$191,766

Purchase Details

Listed on
Apr 13, 2012
Closed on
Jan 31, 2013
Sold by
2917 Houma Llc
Bought by
Delatte Melroy J
Seller's Agent
Rachel Rush
KELLER WILLIAMS REALTY 455-0100
Buyer's Agent
Kathy Harrell
Jon Huffman Real Estate
List Price
$289,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$160,000
Interest Rate
3.42%

Purchase Details

Closed on
Oct 20, 2010
Sold by
Estevez Angel
Bought by
2917 Houma Llc
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
Schar Molly Christine $317,000 Crescent Title Llc
Delatte Melroy J $200,000 --
2917 Houma Llc $69,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schar Molly Christine $215,000
Previous Owner Delatte Melroy J $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2017 07/19/17 Sold -- -- --
06/19/2017 06/19/17 Pending -- -- --
05/04/2017 05/04/17 For Sale $350,000 +21.1% $216 / Sq Ft
01/31/2013 01/31/13 Sold -- -- --
01/01/2013 01/01/13 Pending -- -- --
04/13/2012 04/13/12 For Sale $289,000 -- $185 / 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 $3,769 $30,500 $4,440 $26,060
2024 $4,138 $30,500 $4,440 $26,060
2023 $3,556 $28,530 $3,700 $24,830
2022 $3,556 $27,290 $3,700 $23,590
2021 $3,811 $28,530 $3,700 $24,830
2020 $4,343 $28,530 $3,700 $24,830
2019 $4,510 $28,530 $2,470 $26,060
2018 $4,616 $28,530 $2,470 $26,060
2017 $2,868 $18,000 $1,230 $16,770
2016 $2,932 $18,000 $1,230 $16,770
2015 $2,876 $18,000 $1,230 $16,770
2014 -- $18,000 $1,230 $16,770
2013 -- $23,120 $1,730 $21,390
Source: Public Records

Agents Affiliated with this Home

  • Joan Farabaugh

    Seller's Agent in 2017

    Joan Farabaugh

    RE/MAX

    2 in this area

    22 Total Sales

    Joan Farabaugh
    Section Image

  • W

    Buyer's Agent in 2017

    William McIntyre

    CBTEC MAGAZINE

    (504) 621-8560

    1 in this area

    52 Total Sales

    William McIntyre
    Section Image

  • R

    Seller's Agent in 2013

    Rachel Rush

    KELLER WILLIAMS REALTY 455-0100

    (504) 481-2905

    8 Total Sales

    Rachel Rush
    Section Image

  • K

    Buyer's Agent in 2013

    Kathy Harrell

    Jon Huffman Real Estate

    (504) 235-5389

    24 Total Sales

    Kathy Harrell
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2100852

APN: 1-05-3-031-01

Louisiana Orleans Parish New Orleans 70119 Mid-City

501 S Cortez St, New Orleans, LA

This home is located at 501 S Cortez St, New Orleans, LA 70119 since 04 May 2017 and is currently estimated at $373,648, approximately $230 per square foot. This property was built in 2012. 501 S Cortez St is a home located in Orleans Parish with nearby schools including Esperanza Charter Elementary School, Mary Bethune Elementary School, and Esperanza Charter School.

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