NOT LISTED FOR SALE

518 Verret St New Orleans, LA 70114

Algiers Point Neighborhood

Estimated Value: $416,000 - $614,000

7 Beds
5 Baths
3,733 Sq Ft
$136/Sq Ft Est. Value

Last Sold July 29, 2022

Current estimated payment $3,285/month

75 Days on Market

Highlights

  • Balcony
  • Property is in excellent condition
  • Wood Siding
  • Central Heating and Cooling System
  • Rectangular Lot
  • 2-minute walk to Delcazal Playground

About This Home

As of July 2022

Beautiful, spacious duplex in Historic Algier's Point. Walking distance to levee, ferry & local restaurants. Move in ready! Upstairs unit has 4 bdrms, 3 full baths, large kitchen, dining room, spacious living room & balcony porch. Downstairs unit has 3 bdrms, 2 full baths, living room, kitchen & sitting area inside front doors. Large back yard. Great for use as Airbnb. Property comes w/Fed & State tax credits, purchaser receives up to 40k in Fed tax credits, Seller to retain state tax credits. Owner/Agent

Last Agent to Sell the Property

Joe Hermo

Investors' Realty License #000034853 Listed on: 04/14/2022

Last Buyer's Agent

ASHLEY JONES

DSJ Realty License #995706576

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,250

Year Built

  • Built in 2019

Lot Details

  • Lot Dimensions are 50 x 100
  • Rectangular Lot
  • Historic Home
  • Property is in excellent condition

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 3,733 Sq Ft Home
  • Property has 2 Levels

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Additional Features

  • Balcony
  • City Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 70114518VerretST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,250

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size: 50 X 100
  • Architectural Style: Other, Historic/Antique
  • Entry Level: 2
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: 120
  • Year Built: 2019
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Owner Pays: Electricity, Gas, Water
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Living Area: 3733.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Stucco, Wood Siding
  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony
  • Property Condition: Excellent, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: None

Utilities

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

Lot Info

  • Parcel #: 70114518VerretST
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2022
Closed on
Jul 24, 2022
Sold by
518 Verret Llc
Bought by
Durham Chevez
Seller's Agent
Joe Hermo
Investors' Realty
Buyer's Agent
ASHLEY JONES
DSJ Realty
List Price
$589,000
Current Estimated Value
$507,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.78%
Original Mortgage
$548,076
Outstanding Balance
$526,555
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
-$19,338

Purchase Details

Closed on
Dec 23, 2015
Sold by
Kinkaid Hermo Kathleen and Hermo Joseph E
Bought by
Solutions Through Sales Llc A Louisiana

Purchase Details

Closed on
Dec 30, 2003
Sold by
Bank Of New York
Bought by
Hermo Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.97%
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
Durham Chevez $589,000 None Listed On Document
Solutions Through Sales Llc A Louisiana $149,000 None Available
Hermo Joseph $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durham Chevez $30,709
Open Durham Chevez $548,076
Previous Owner Solutions Through Sales Llc $444,000
Previous Owner Solutions Through Sales Llc $444,000
Previous Owner Hermo Joseph E $266,000
Previous Owner Hermo Joseph $220,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold -- -- --
06/29/2022 06/29/22 Pending -- -- --
04/14/2022 04/14/22 For Sale $589,000 -- $158 / 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 $6,250 $54,190 $5,780 $48,410
2024 $7,262 $54,190 $5,780 $48,410
2023 $4,985 $36,750 $4,890 $31,860
2022 $4,985 $35,160 $4,890 $30,270
2021 $5,330 $36,750 $4,890 $31,860
2020 $5,382 $36,750 $4,890 $31,860
2019 $2,030 $13,410 $4,890 $8,520
2018 $2,070 $13,410 $4,890 $8,520
2017 $1,977 $13,410 $4,890 $8,520
2016 $4,431 $30,410 $3,110 $27,300
2015 $4,548 $30,410 $3,110 $27,300
2014 -- $30,410 $3,110 $27,300
2013 -- $22,500 $3,110 $19,390
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Joe Hermo

    Investors' Realty

    1 in this area

    28 Total Sales

    Section Image

  • A

    Buyer's Agent in 2022

    ASHLEY JONES

    DSJ Realty

    (504) 237-4797

    1 in this area

    26 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2339935

APN: 5-13-1-093-17

Louisiana Orleans Parish New Orleans 70114 Algiers Point

518 Verret St, New Orleans, LA

This home is located at 518 Verret St, New Orleans, LA 70114 since 14 April 2022 and is currently estimated at $507,217, approximately $135 per square foot. This property was built in 2019. 518 Verret St is a home located in Orleans Parish with nearby schools including Martin Behrman Charter School Academy of Creative Arts and Sciences, McDonogh #32 Literacy Charter School, and Harriet Tubman Charter School.

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