NOT LISTED FOR SALE

520 Opelousas Ave New Orleans, LA 70114

Algiers Point Neighborhood

Estimated Value: $500,000 - $575,468

4 Beds
3 Baths
2,990 Sq Ft
$180/Sq Ft Est. Value

Last Sold May 15, 2024

Current estimated payment $3,457/month

143 Days on Market

Highlights

  • 1,700 Acre Lot
  • Corner Lot
  • Property is in very good condition
  • Traditional Architecture
  • Exterior Cameras
  • 1-minute walk to Delcazal Playground

About This Home

As of May 2024

Unique investment opportunity nestled beneath the sprawling oak trees of picturesque Algiers Point! This versatile triplex boasts a longstanding history of success as a commercial short-term rental, offering three well-appointed, sun-drenched units. Soaring ceilings in the studio (would make a great commercial space) and an artistic, industrial aesthetic captures a unique charm that sets the tone for the entire property. Upstairs is a 1 bed/1 bath sanctuary with a bedroom looking out at the oaks and funky painted wood floors. The back of the property features a 2 bed/1 bath townhouse style layout featuring charming hardwood floors. A separate entrance leads to a spacious laundry room and storage area, completing the functionality of this triplex. These apartments have been thoughtfully curated and exude a positive, creative energy, making them suitable for owner occupancy, long-term rentals, short-term stays, or a combination of commercial space and rentals. Recent upgrades include a new roof installed in 2022 and individual mini-split systems in each unit. HU-MU Zoning and potential opportunity to acquire the commercial STR business associated with this property. Don't miss your chance to own this exceptional triplex in Algiers Point, a gem with boundless potential and undeniable charm.

Last Agent to Sell the Property

AMY LEWIS

REVE, REALTORS License #NOM:995714067 Listed on: 10/20/2023

REVE, REALTORS

Co-Listed By

Cody Stringer

REVE, REALTORS License #NOM:995684174

Last Buyer's Agent

AMY LEWIS

REVE, REALTORS License #NOM:995714067 Listed on: 10/20/2023

REVE, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,607

Year Built

  • Built in 2022 | Remodeled

Lot Details

  • 1,700 Acre Lot
  • Lot Dimensions are 25'x68'
  • Corner Lot
  • Historic Home
  • Property is in very good condition

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding
  • Siding

Interior Spaces

  • 2,990 Sq Ft Home
  • Property has 2 Levels
  • Exterior Cameras

Utilities

  • Ductless Heating Or Cooling System
  • Internet Available

Additional Features

  • Energy-Efficient Insulation
  • Outside City Limits

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 520-OPELOUSASAV

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,607

Year Built

Built in 2022 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 3 Plex
  • Style: Traditional
  • Condition: Vrgd
  • ADA Features: No
  • Legal Description: SQ 118 PTS 7/8 OR PTS A/B OR A-2 25 X 68 520 OPELOUSAS AVE & OLIVIER
  • Lp Amt Sq Ft: 190.30
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 2022
  • Age: 105
  • Age Description: Resale
  • Age Description 2: Historical, Remodeled structural changes - all major mechanical systems i.e. HVAC
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 2022

Interior Features

  • Room Count: 14
  • Estimated Living Area: 2990
  • Total Sq Ft: 2990

Exterior Features

  • Pool Type: None
  • Exterior: Siding, Vinyl Siding
  • ExteriorFeatures: Security Cameras
  • Foundation: Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: None
  • Internet: Yes

Utilities

  • Air Conditioner: Ductless Wall Unit
  • Electricity Provided By: Entergy
  • Gas Paid By: Owner
  • Gas Type: Natural
  • Heating: Ductless Wall Unit
  • Meter Set Up: Separate
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: Yes

Lot Info

  • Acres: 1700.0000
  • Elevation Certificate: No
  • Lot Description: Corner, Regular
  • Lot Num: A-2
  • Lot Size: 25'x68'
  • Parcel #: 520-OPELOUSASAV

Green Features

  • Energy Efficient Features: Insulation
  • Green Building Cert Attached Y N: No

Rental Info

  • Electricity Paid By: Owner
  • Lease Purchase Poss: No
  • Water Paid By: Owner

Multi Family

  • Total Bedrooms All Units: 4
  • Total Full Baths All Units: 3
  • Total Units: 3
  • Unit Count: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2023
Closed on
May 15, 2024
Sold by
Particular Point Llc
Bought by
Luna Dionne Justine and Luna Jorge Luis
Seller's Agent
AMY LEWIS
REVE, REALTORS
Buyer's Agent
AMY LEWIS
REVE, REALTORS
List Price
$589,000
Views
126
Current Estimated Value
$537,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.89%
Original Mortgage
$339,000
Outstanding Balance
$334,865
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$202,752

Purchase Details

Listed on
Jan 4, 2018
Closed on
Mar 2, 2018
Sold by
Fear The Beak Llc A Louisiana Limited Li
Bought by
Particular Point Llc A Louisiana Limited
Seller's Agent
Danielle Martin
Riverlands Realty LLC
List Price
$375,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
Jun 11, 2017
Sold by
Adeline Street Properties Llc
Bought by
Fear The Beak 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
Luna Dionne Justine $544,000 None Listed On Document
Particular Point Llc A Louisiana Limited $375,000 Attorney
Fear The Beak Llc $187,500 Southern Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luna Dionne Justine $339,000
Previous Owner Particular Point Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2024 05/15/24 Sold -- -- --
01/17/2024 01/17/24 Price Changed $569,000 -3.4% $190 / Sq Ft
10/20/2023 10/20/23 For Sale $589,000 +57.1% $197 / Sq Ft
03/02/2018 03/02/18 Sold -- -- --
01/31/2018 01/31/18 Pending -- -- --
01/04/2018 01/04/18 For Sale $375,000 +102.7% $125 / Sq Ft
06/11/2015 06/11/15 Sold -- -- --
05/12/2015 05/12/15 Pending -- -- --
04/14/2015 04/14/15 For Sale $185,000 -- $62 / Sq Ft
Source: Gulf South Real Estate Information Network

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 $6,607 $50,050 $2,210 $47,840
2024 $4,717 $35,200 $2,210 $32,990
2023 $4,560 $33,750 $1,870 $31,880
2022 $4,560 $32,160 $1,870 $30,290
2021 $4,895 $33,750 $1,870 $31,880
2020 $4,943 $33,750 $1,870 $31,880
2019 $5,108 $33,750 $1,190 $32,560
2018 $4,250 $27,530 $1,190 $26,340
2017 $4,441 $30,130 $1,190 $28,940
2016 $4,390 $30,130 $1,190 $28,940
2015 $4,506 $30,130 $1,190 $28,940
2014 -- $30,130 $1,190 $28,940
2013 -- $30,130 $1,190 $28,940
Source: Public Records

Agents Affiliated with this Home

  • AMY LEWIS

    Seller's Agent in 2024

    AMY LEWIS

    REVE, REALTORS

    (504) 300-0700

    1 in this area

    10 Total Sales

    AMY LEWIS
    Section Image
  • Cody Stringer

    Seller Co-Listing Agent in 2024

    Cody Stringer

    REVE, REALTORS

    (504) 655-5577

    27 in this area

    132 Total Sales

    Cody Stringer
    Section Image

  • D

    Seller's Agent in 2018

    Danielle Martin

    Riverlands Realty LLC

    (504) 339-5009

    35 Total Sales

    Danielle Martin
    Section Image

  • S

    Seller's Agent in 2015

    Sybil Orr

    KELLER WILLIAMS REALTY 455-0100

    (504) 444-6640

    3 in this area

    8 Total Sales

    Sybil Orr
    Section Image
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Map

Source: Gulf South Real Estate Information Network

MLS Number: 2418943

Gulf South Real Estate Information Network

APN: 5-13-2-013-07

Louisiana Orleans Parish New Orleans 70114 Algiers Point

520 Opelousas Ave, New Orleans, LA

This home is located at 520 Opelousas Ave, New Orleans, LA 70114 since 20 October 2023 and is currently estimated at $537,617, approximately $179 per square foot. This property was built in 2022. 520 Opelousas Ave 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 Elan Academy Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Gulf South Real Estate Information Network IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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