NOT LISTED FOR SALE

518 24 N Elm St Metairie, LA 70003

Estimated Value: $241,000 - $285,000

8 Beds
4 Baths
2,968 Sq Ft
$87/Sq Ft Est. Value

Last Sold July 12, 2012

Current estimated payment $1,462/month

83 Days on Market

Highlights

  • Traditional Architecture
  • Central Heating and Cooling System
  • Rectangular Lot
  • Airline Park Academy For Advanced Studies Rated A-

About This Home

As of July 2012

INVESTOR OPPORTUNITY!!! EXCELLENT CASH FLOW POTENTIAL!!! Bargain Priced Metairie 4 Plex!!! Needs Total Renovation/Code Compliance. Living Room, Kitchen, 2 Bedrooms, 1 Bath Each Unit. Central Air & Heat. Off Street Parking. Convenient To Public Transportation, Shopping. AND FOR THE OWNER- OCCUPANT: Explore FHA 203 k Financing For Home Ownership With Revenue!!!

Property Details

Home Type

  • Multi-Family

Lot Details

  • Lot Dimensions are 50x120
  • Rectangular Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Traditional Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Asphalt Shingled Roof

Interior Spaces

  • 2,968 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 3 Parking Spaces
  • Driveway

Schools

  • Airline Pk Elementary School
  • T H Harris Middle School
  • East Jeff High School

Additional Features

  • City Lot
  • Central Heating and Cooling System

Community Details

  • 4 Units
  • Eastbank DIV Sec 4 Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Assessor Parcel Number 70003518NELMST

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size: 50X120
  • Subdivision Name: EASTBANK DIV SEC 4
  • Directions: FROM DAVID DR., TAKE AIRLINE DR (WEST) TO N. ELM ST, TURN RIGHT.
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 31
  • Property Sub Type Additional: Quadruplex
  • Special Features: RealEstateOwned
  • Stories: 2

Interior Features

  • Owner Pays: Water
  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 2968.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Foundation Details: Slab
  • Property Condition: Average Condition, Resale
  • Roof: Asphalt, Other, Shingle

Garage/Parking

  • Parking Features: Driveway, Three or more Spaces

Utilities

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

Schools

  • Elementary School: AIRLINE PK,
  • High School: EAST JEFF
  • Middle Or Junior School: T H HARRIS

Lot Info

  • Parcel #: 70003518NELMST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 7, 2012
Sold by
Normand Sheriff Newell D and Floridi Gregory
Bought by
Bank Of New York Mellon Tr Co
Current Estimated Value
$258,000

Purchase Details

Closed on
Jan 4, 2012
Sold by
Bank Of New York Mellon Trust
Bought by
Molina Alex R

Purchase Details

Closed on
May 2, 2005
Sold by
Rumney James
Bought by
Floridi Gregory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,400
Interest Rate
6.06%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bank Of New York Mellon Tr Co $112,500 --
Molina Alex R $28,000 --
Floridi Gregory $158,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Floridi Gregory $126,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2012 07/12/12 Sold -- -- --
06/12/2012 06/12/12 Pending -- -- --
03/20/2012 03/20/12 For Sale $49,900 -- $17 / 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
2024 $1,261 $17,250 $3,600 $13,650
2023 $1,820 $14,380 $3,600 $10,780
2022 $1,770 $14,380 $3,600 $10,780
2021 $1,643 $14,380 $3,600 $10,780
2020 $1,631 $14,380 $3,600 $10,780
2019 $1,399 $11,990 $3,600 $8,390
2018 $1,302 $11,990 $3,600 $8,390
2017 $1,302 $11,990 $3,600 $8,390
2016 $1,276 $11,990 $3,600 $8,390
2015 $1,303 $12,120 $3,200 $8,920
2014 $1,303 $6,170 $3,200 $2,970
Source: Public Records

Map

Source: ROAM MLS

MLS Number: 908144

APN: 0910009100

Louisiana Jefferson Parish Metairie 70003

518 24 N Elm St, Metairie, LA

Not Listed for Sale

MultiFamily

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