NOT LISTED FOR SALE

5321 Franklin Ave New Orleans, LA 70122

Gentilly Terrace Neighborhood

Estimated Value: $287,211

-- Bed
-- Bath
4,117 Sq Ft
$70/Sq Ft Est. Value

Last Sold July 08, 2020

Current estimated payment $2,056/month

5 Days on Market

About This Home

As of July 2020

First floor was once a restaurant that measures about 2500 sq. ft. (kitchen, 2 bath, front & rear rooms. Upstairs is large apt. about 1500 sq. ft. with 2/2 with 2 large rooms, (office/den/living). There is a storage area 480 sq. ft. in rear of building. The parking lot can handle about 15 cars.

Last Agent to Sell the Property

Kenneth del Corral

LATTER & BLUM (LATT01) License #000045606 Listed on: 06/02/2020

LATTER & BLUM (LATT01)

Last Buyer's Agent

Joanna Daunie

Homesmart Realty South License #995688211

Homesmart Realty South

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $5,801

Lot Details

  • 7,802 Sq Ft Lot
  • Lot Dimensions are 60x130
  • Rectangular Lot
  • The community has rules related to zoning restrictions
  • Zoning described as B-1

Home Design

  • Metal Siding

Interior Spaces

  • 4,117 Sq Ft Home
  • Property has 2 Levels
  • Living Quarters

Parking

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

Location

  • City Lot

Listing and Financial Details

  • The owner pays for taxes
  • Assessor Parcel Number 701225321FranklinAV

Property Details

Property Type

Other

Est. Annual Taxes

$5,801

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Business Type: Restaurant
  • Lot Size Acres: 0.1791
  • Lot Size: 60x130
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Mixed Use
  • Year Built Details: 60
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2

Interior Features

  • Owner Pays: Taxes
  • Living Area: 4117.0

Exterior Features

  • Lot Features: City Lot, Rectangular Lot
  • Construction Type: Block, Metal Siding
  • Other Structures: Living Quarters
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701225321FranklinAV
  • Zoning Description: B-1
  • Zoning: B-1
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2020
Closed on
Jul 8, 2020
Sold by
Cahn Michael D
Bought by
Shaggys Llc
Seller's Agent
Kenneth del Corral
LATTER & BLUM (LATT01)
Buyer's Agent
Joanna Daunie
Homesmart Realty South
List Price
$250,000
Current Estimated Value
$287,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.01%
Original Mortgage
$213,500
Outstanding Balance
$191,414
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$95,797

Purchase Details

Listed on
Apr 4, 2014
Closed on
May 14, 2014
Sold by
Gulf Coast Bank And Trust Co
Bought by
Cahn Michael D
Seller's Agent
Josie Adams
REMAX ALLIANCE
Buyer's Agent
Josie Adams
RE/MAX Alliance
List Price
$199,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.42%

Purchase Details

Closed on
May 28, 2008
Sold by
Seely Thayer Gournay
Bought by
Sky Buildes 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
Shaggys Llc $235,000 Bayou Title Inc
Cahn Michael D $180,000 --
Sky Buildes Llc $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaggys Llc $213,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2020 07/08/20 Sold -- -- --
06/08/2020 06/08/20 Pending -- -- --
06/02/2020 06/02/20 For Sale $250,000 +25.0% $61 / Sq Ft
05/14/2014 05/14/14 Sold -- -- --
04/14/2014 04/14/14 Pending -- -- --
04/04/2014 04/04/14 For Sale $199,970 -- $49 / 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 $5,801 $43,950 $11,700 $32,250
2024 $5,889 $43,950 $11,700 $32,250
2023 $4,327 $33,380 $5,460 $27,920
2022 $4,327 $30,750 $5,460 $25,290
2021 $4,175 $29,000 $5,460 $23,540
2020 $3,730 $25,660 $5,460 $20,200
2019 $4,360 $28,860 $5,460 $23,400
2018 $4,447 $28,860 $5,460 $23,400
2017 $4,246 $28,860 $5,460 $23,400
2016 $4,380 $28,860 $5,460 $23,400
2015 $4,291 $28,860 $5,460 $23,400
2014 -- $28,860 $5,460 $23,400
2013 -- $28,860 $5,460 $23,400
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2020

    Kenneth del Corral

    LATTER & BLUM (LATT01)

    Section Image
  • Joanna Daunie

    Buyer's Agent in 2020

    Joanna Daunie

    Homesmart Realty South

    (504) 941-1570

    2 in this area

    105 Total Sales

    Section Image
  • Josie Adams

    Seller's Agent in 2014

    Josie Adams

    RE/MAX

    (985) 789-2121

    5 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2255237

APN: 3-8W-4-081-09

Louisiana Orleans Parish New Orleans 70122 Gentilly Terrace

5321 Franklin Ave, New Orleans, LA

This home is located at 5321 Franklin Ave, New Orleans, LA 70122 since 02 June 2020 and is currently estimated at $287,211, approximately $69 per square foot. 5321 Franklin Ave is a home located in Orleans Parish with nearby schools including Audubon Gentilly, Pierre A. Capdau Charter School, and Pierre A. Capdau Charter School at Avery Alexander.

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.

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