NOT LISTED FOR SALE

Estimated Value: $336,112 - $606,000

4 Beds
4 Baths
3,692 Sq Ft
$119/Sq Ft Est. Value

Last Sold June 19, 2024

Current estimated payment $2,615/month

132 Days on Market

Highlights

  • 0.19 Acre Lot
  • Fenced
  • 3-minute walk to McDonogh Memorial Park
  • Oversized Lot

About This Home

As of June 2024

Historic Algiers Point Gem - Prime Investment Opportunity!

Welcome to 526 Bounty St, a charming two-story fourplex nestled just two blocks from the ferry landing in the heart of Historic Algiers Point, New Orleans. This property offers a unique blend of historic charm and modern convenience, making it an ideal choice for both owner-occupants and savvy investors.

Key Features:

Location: Perfectly situated for easy access to the ferry, this property boasts a prime location in one of New Orleans' most historic neighborhoods.
Unit Mix: The two-story layout includes a spacious owner's unit and three additional units, providing versatile living options.
Off-Street Parking: Enjoy the luxury of off-street parking, a coveted feature in this bustling neighborhood.
Utilities: Separate meters for gas and electric offer convenience and flexibility. The owner covers water costs, streamlining expenses.
Investment Potential:
With a listing price of $315,000 and a generous total living square footage of 3,692, this property presents an excellent investment opportunity. Whether you're looking to expand your real estate portfolio or find a unique place to call home, 526 Bounty St delivers on both fronts.

Sold As Is:
Embrace the potential of this property, sold as-is with no repairs by the seller. Utilities on vacant units will not be provided. Cash sale only. Unleash your creativity and vision to make this space truly your own.

Don't miss out on this rare opportunity to own a piece of Algiers Point's history.

Last Agent to Sell the Property

April Brown

Hospitality Realty License #NOM:995705288 Listed on: 01/25/2024

Last Buyer's Agent

Kevin Labat

Kevin R. Labat License #NOM:995710299

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,478

Year Built

  • Built in 1944

Lot Details

  • 8,172 Sq Ft Lot
  • Lot Dimensions are 64 x 120
  • Fenced
  • Oversized Lot
  • Property is in average condition

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Siding
  • Stucco Exterior

Interior Spaces

  • 3,692 Sq Ft Home
  • Property has 2 Levels

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Location

  • Outside City Limits

Utilities

  • Window Unit Cooling System
  • Window Unit Heating System
  • Internet Available

Community Details

  • 4 Units
  • Algiers Riverpoint Subdivision

Listing and Financial Details

  • Assessor Parcel Number 513108321

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,478

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Dwelling Type: 4 Plex
  • Style: Other
  • Condition: Avg
  • ADA Features: No
  • Legal Description: SQ 85 LOT 21 32 X 128 BOUNY LOT 22 32 X 128 526/528 BOUNY
  • Lp Amt Sq Ft: 85.32
  • Measurmnt Apprx Not Guaranteed: Yes
  • Building Stories: 2.00000
  • Unit Level: 2
  • Year Renovated: 1944
  • Age: 80
  • Age Description: Resale
  • Age Description 2: Age Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1944

Interior Features

  • Estimated Living Area: 3692
  • Total Sq Ft: 3692

Exterior Features

  • Pool Type: None
  • Exterior: Siding, Stucco
  • ExteriorFeatures: Fence
  • Foundation: Slab
  • Roof Type: Shingle

Garage/Parking

  • Car Storage: Three or More, Lot, Off Street Parking
  • Internet: Yes

Utilities

  • Air Conditioner: Window Unit
  • Electricity Provided By: Entergy
  • Gas Paid By: Tenant
  • Gas Type: Natural
  • Heating: Window Unit
  • Sewer Type: City
  • Water Type: Public

Association/Amenities

  • Termite Contract: No

Lot Info

  • Acres: 0.1876
  • Elevation Certificate: No
  • Lot Description: Oversized
  • Lot Num: 21/22
  • Lot Size: 64 x 120
  • Parcel #: 513108321

Green Features

  • Green Building Cert Attached Y N: No

Rental Info

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

Multi Family

  • Total Bedrooms All Units: 6
  • Total Full Baths All Units: 5
  • Total Units: 4
  • Unit Count: 4

Range of Values:

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Average Value
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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

Mortgage History

Date Status Borrower Loan Amount
Closed Jeandron Gerald J $472,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2024 06/19/24 Sold -- -- --
06/05/2024 06/05/24 Pending -- -- --
05/31/2024 05/31/24 Price Changed $315,000 -12.5% $85 / Sq Ft
05/31/2024 05/31/24 For Sale $360,000 0.0% $98 / Sq Ft
01/28/2024 01/28/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $360,000 -- $98 / 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 $5,478 $41,500 $10,620 $30,880
2024 $4,840 $36,120 $12,260 $23,860
2023 $3,987 $36,120 $12,260 $23,860
2022 $3,987 $34,930 $12,260 $22,670
2021 $4,248 $36,120 $12,260 $23,860
2020 $4,289 $36,120 $12,260 $23,860
2019 $4,429 $36,120 $12,260 $23,860
2018 $4,515 $36,120 $12,260 $23,860
2017 $4,297 $36,120 $12,260 $23,860
2016 $2,920 $27,000 $3,580 $23,420
2015 $2,995 $27,000 $3,580 $23,420
2014 -- $27,000 $3,580 $23,420
2013 -- $27,000 $3,580 $23,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Gulf South Real Estate Information Network

MLS Number: 2431368

Gulf South Real Estate Information Network

APN: 5-13-1-083-21