NOT LISTED FOR SALE

516 Natchez St New Orleans, LA 70130

Central Business District Neighborhood
-- Bed
-- Bath
8,372 Sq Ft
3,006 Sq Ft Lot

Last Sold September 30, 2022

55 Days on Market

Highlights

  • Rectangular Lot
  • 3-minute walk to St Charles And Poydras
  • 3-minute walk to Lafayette Square
  • Historic Home

About This Home

As of September 2022

A stunning 6 unit row-house in downtown New Orleans, 516 Natchez St is a beautiful marriage of Greek Revival architecture & modern design. Originally constructed c. 1850, the building was completely gutted & renovated in 2014. Natchez is tucked away on a quiet CBD side street. Walking distance to many well known restaurants, bars, & landmarks & quick access to I-10, French Quarter, Marigny, Bywater, Mid-City & LGD. Current zoning allows for both hotel & STR, an optimal opportunity for the right investor.

Last Agent to Sell the Property

JACK EGLE'

Felicity Property Co., LLC License #995704008 Listed on: 07/06/2022

Last Buyer's Agent

Chris Talbot

Talbot Realty Group License #000075986

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $43,089

Year Built

  • Built in 2014 | Remodeled

Lot Details

  • Rectangular Lot
  • Historic Home
  • The community has rules related to zoning restrictions
  • Zoning described as CBD-2

Parking

  • Off-Street Parking

Home Design

  • Cosmetic Repairs Needed
  • Fixer Upper
  • Mixed Use
  • Brick Exterior Construction

Interior Spaces

  • 8,372 Sq Ft Home
  • Property has 3 Levels

Location

  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 70130516NATCHEZST

Property Details

Property Type

Other

Est. Annual Taxes

$43,089

Year Built

Built in 2014 | Remodeled

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size: 42.2.6/41.2.3X69.5.6/64.6.3
  • Architectural Style: Historic/Antique
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Structure Type: Mixed Use
  • Year Built Details: 8
  • Year Built: 2014
  • ResoBuildingAreaSource: Plans
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 3
  • Year Built: 2014

Interior Features

  • Living Area: 8372.0
  • ResoLivingAreaSource: Plans

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Brick
  • Property Condition: Repairs Cosmetic, Updated/Remodeled, Fixer

Garage/Parking

  • Parking Features: None, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70130516NATCHEZST
  • Zoning Description: CBD-2
  • Zoning: CBD-2
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2022
Sold by
Morrison Property Investments Llc
Bought by
Miura Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,849,962
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 1, 2020
Closed on
Apr 14, 2021
Sold by
Vieux Nouveau Properties Llc
Bought by
Morrison Property Investments Llc
Seller's Agent
JACK EGLE'
Felicity Property Co., LLC
List Price
$2,750,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,800,000
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 29, 2012
Sold by
Led Development Llc
Bought by
Vieux Nouveau Properties Llc

Purchase Details

Closed on
Jan 6, 2004
Sold by
C F Weber Photography Inc
Bought by
Led Development L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.84%
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
Miura Llc -- --
Miura Llc -- --
Morrison Property Investments Llc $25,000,000 Choice Title Inc
Vieux Nouveau Properties Llc $353,000 --
Led Development L L C $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miura Llc $5,000,000
Previous Owner Morrison Property Investments Llc $1,800,000
Previous Owner Led Development L L C $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2022 09/30/22 Sold -- -- --
08/31/2022 08/31/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $3,300,000 +20.0% $394 / Sq Ft
04/15/2021 04/15/21 Sold -- -- -- View Prior Sale
01/05/2021 01/05/21 Pending -- -- --
12/01/2020 12/01/20 For Sale $2,750,000 -- $328 / 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 $43,089 $295,700 $18,900 $276,800
2024 $43,681 $295,700 $18,900 $276,800
2023 $43,247 $274,010 $18,000 $256,010
2022 $43,247 $274,010 $18,000 $256,010
2021 $11,460 $71,150 $18,000 $53,150
2020 $12,585 $78,590 $18,000 $60,590
2016 $9,843 $59,100 $13,500 $45,600
2015 $9,711 $59,420 $13,500 $45,920
2014 -- $59,420 $13,500 $45,920
2013 -- $50,310 $4,690 $45,620
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    JACK EGLE'

    Felicity Property Co., LLC

    2 in this area

    17 Total Sales

    JACK EGLE'
    Section Image
  • Chris Talbot

    Buyer's Agent in 2022

    Chris Talbot

    Talbot Realty Group

    (504) 319-1452

    3 in this area

    128 Total Sales

    Chris Talbot
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2352688

APN: 1-04-1-008-05

Louisiana Orleans Parish New Orleans 70130 Central Business District

516 Natchez St, New Orleans, LA

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