NOT LISTED FOR SALE

508 Socrates St New Orleans, LA 70114

McDonough Neighborhood

Estimated Value: $171,000 - $216,000

6 Beds
2 Baths
1,886 Sq Ft
$102/Sq Ft Est. Value

Last Sold September 28, 2020

Current estimated payment $1,197/month

23 Days on Market

Highlights

  • Window Unit Cooling System
  • Wood Siding
  • Property has 1 Level
  • Rectangular Lot
  • Window Unit Heating System
  • 4-minute walk to McDonough Playground

About This Home

As of September 2020

Newly renovated 3 bed 1 bath shotgun double in Algiers. Beautiful hardwood floors, updated bathroom, private backyard with rear yard access and much more. New appliances to be installed prior to moving in.

Last Agent to Sell the Property

Bilal Zughayer

Bilal A. Zughayer License #995701167 Listed on: 09/04/2020

Last Buyer's Agent

Anh Nguyen

People's Realty, Inc. License #000019735

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,842

Lot Details

  • 3,663 Sq Ft Lot
  • Rectangular Lot
  • Property is in average condition

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Raised Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,886 Sq Ft Home
  • Property has 1 Level

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Location

  • City Lot

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 70114508-10SocratesST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,842

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0841
  • Lot Size: 32/37 by 103/128
  • Entry Level: 1
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: 60
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 6
  • Living Area: 1886.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Wood Siding
  • Foundation Details: Raised
  • Property Condition: Average Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Off Street

Utilities

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

Lot Info

  • Parcel #: 70114508-10SocratesST
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2020
Closed on
Sep 28, 2020
Sold by
Restoration Nola Llc
Bought by
May Lucky Properties Llc
Seller's Agent
Bilal Zughayer
Bilal A. Zughayer
Buyer's Agent
Bilal Zughayer
Bilal A. Zughayer
Current Estimated Value
$191,474

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%
Original Mortgage
$110,600
Outstanding Balance
$99,534
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$91,940

Purchase Details

Closed on
Jun 5, 2020
Sold by
Albert Gwendolyn B
Bought by
Restoration Nola 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
May Lucky Properties Llc $155,000 Suburban Title Agency Inc
Restoration Nola Llc $75,316 Southern Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open May Lucky Properties Llc $110,600
Previous Owner Albert Gwendoloyn $94,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Rented $1,000 0.0% --
09/28/2020 09/28/20 Sold -- -- --
09/04/2020 09/04/20 For Sale $155,000 0.0% $82 / Sq Ft
09/01/2020 09/01/20 Under Contract -- -- --
08/28/2020 08/28/20 For Rent $1,000 -- --
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 $1,842 $13,950 $2,560 $11,390
2024 $1,869 $13,950 $2,560 $11,390
2023 $2,100 $15,500 $1,650 $13,850
2022 $2,100 $14,810 $1,650 $13,160
2021 $1,429 $9,850 $1,650 $8,200
2020 $1,443 $9,850 $1,650 $8,200
2019 $1,408 $9,300 $1,100 $8,200
2018 $1,436 $9,300 $1,100 $8,200
2017 $1,371 $9,300 $1,100 $8,200
2016 $1,256 $8,620 $1,100 $7,520
2015 $1,289 $8,620 $1,100 $7,520
2014 -- $8,620 $1,100 $7,520
2013 -- $7,000 $1,100 $5,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Bilal Zughayer

    Bilal A. Zughayer

    (504) 500-1000

    2 in this area

    46 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Anh Nguyen

    People's Realty, Inc.

    1 in this area

    9 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2268130

APN: 5-13-3-038-09

Louisiana Orleans Parish New Orleans 70114 McDonough

508 Socrates St, New Orleans, LA

This home is located at 508 Socrates St, New Orleans, LA 70114 since 04 September 2020 and is currently estimated at $191,474, approximately $101 per square foot. 508 Socrates St is a home located in Orleans Parish with nearby schools including McDonogh #32 Literacy Charter School, Martin Behrman Charter School Academy of Creative Arts and Sciences, and Élan Academy Charter School.

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