NOT LISTED FOR SALE

538 40 S Cortez St New Orleans, LA 70119

Mid-City Neighborhood

Estimated Value: $342,000 - $488,000

8 Beds
4 Baths
3,000 Sq Ft
$143/Sq Ft Est. Value

Last Sold June 26, 2017

Current estimated payment $2,840/month

38 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Laundry Room
  • Corner Lot
  • Porch
  • 4-minute walk to Comisky Park

About This Home

As of June 2017

Investors Dream in MidCity minutes from VA & University hospitals and downtown. This Triplex features 2 two bedrooms 1 bath units on the lower level and 1 four bedroom unit on upper level. The left bedroom unit is not occupied and needs TLC. The right lower unit and the upstairs unit is occupied. All units have original hardwood in the living areas and bedrooms and tile in kitchens and baths. The upper unit has 11 feet ceilings and access to a balcony. This is a must see and can be accessed easily.

Last Agent to Sell the Property

STEPHANIE RODRIGUEZ

United Real Estate Partners License #912124115 Listed on: 04/18/2017

Last Buyer's Agent

Benjamin Samuels

LATTER & BLUM (LATT18) License #995716019

LATTER & BLUM (LATT18)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,372

Year Built

  • Built in 2007 | Remodeled

Lot Details

  • 2,213 Sq Ft Lot
  • Lot Dimensions are 25 x 90
  • Fenced
  • Corner Lot
  • Oversized Lot
  • Property is in average condition

Home Design

  • Triplex
  • Traditional Architecture
  • Raised Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 2 Levels
  • Window Screens
  • Laundry Room

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Parking Space
  • Driveway
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Windows
  • Energy-Efficient Insulation

Outdoor Features

  • Balcony
  • Porch

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Gas
  • High-Efficiency Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Tax Lot 19
  • Assessor Parcel Number 70119538SCortezST

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,372

Year Built

Built in 2007 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.0508
  • Lot Size: 25 X 90
  • Architectural Style: Traditional
  • Unit Levels: Two
  • New Construction: No
  • Efficiency: Insulation, Water Heater, Windows
  • Building Stories: 2
  • Year Built Details: 82
  • Year Built: 2007
  • ResoBuildingAreaSource: PublicRecords
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2
  • Year Built: 2007

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Living Area: 3000.0
  • Window Features: Screens
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Lot Features: Corner Lot, City Lot, Oversized Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: HardiPlank Type
  • Exterior Features: Balcony, Fence, Porch
  • Foundation Details: Raised
  • Patio And Porch Features: Balcony, Porch
  • Property Condition: Average Condition, Updated/Remodeled, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway, Off Street, One Space

Utilities

  • Laundry Features: Laundry Room
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 70119538SCortezST
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2017
Closed on
Jun 26, 2017
Sold by
Alternative Property Management Llc A Li
Bought by
Samuels Interests Nola Llc A Limited Lia
Seller's Agent
STEPHANIE RODRIGUEZ
United Real Estate Partners
Buyer's Agent
Benjamin Samuels
LATTER & BLUM (LATT18)
List Price
$389,000
Current Estimated Value
$435,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.91%

Purchase Details

Closed on
Dec 30, 2014
Sold by
Hermo Kathleen K
Bought by
Alternative Property Managemen

Purchase Details

Closed on
Aug 28, 2009
Sold by
Omni Bank
Bought by
Kinkaid Kathleen
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
Samuels Interests Nola Llc A Limited Lia $330,000 Title Stream Llc
Alternative Property Managemen $225,000 --
Kinkaid Kathleen $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kinkaid Kathleen $205,000
Previous Owner Hermo Joseph Edward $196,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2017 06/26/17 Sold -- -- --
05/27/2017 05/27/17 Pending -- -- --
04/18/2017 04/18/17 For Sale $389,000 -- $130 / 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 $6,372 $46,800 $3,980 $42,820
2024 $6,271 $46,800 $3,980 $42,820
2023 $4,188 $29,700 $3,320 $26,380
2022 $4,188 $28,380 $3,320 $25,060
2021 $4,470 $29,700 $3,320 $26,380
2020 $4,513 $29,700 $3,320 $26,380
2019 $4,113 $25,900 $2,210 $23,690
2018 $4,211 $25,900 $2,210 $23,690
2017 $3,530 $22,500 $1,110 $21,390
2016 $3,615 $22,500 $1,110 $21,390
2015 $2,915 $18,260 $1,110 $17,150
2014 -- $18,260 $1,110 $17,150
2013 -- $5,000 $1,550 $3,450
Source: Public Records

Agents Affiliated with this Home

  • STEPHANIE RODRIGUEZ

    Seller's Agent in 2017

    STEPHANIE RODRIGUEZ

    United Real Estate Partners

    (985) 898-5888

    11 Total Sales

    Section Image
  • Benjamin Samuels

    Buyer's Agent in 2017

    Benjamin Samuels

    LATTER & BLUM (LATT18)

    (504) 459-9912

    1 in this area

    55 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2095409

APN: 1-05-3-022-15

Louisiana Orleans Parish New Orleans 70119 Mid-City

538 40 S Cortez St, New Orleans, LA

This home is located at 538 40 S Cortez St, New Orleans, LA 70119 since 18 April 2017 and is currently estimated at $428,344, approximately $142 per square foot. This property was built in 2007. 538 40 S Cortez St is a home located in Orleans Parish with nearby schools including Esperanza Charter Elementary School, Mary Bethune Elementary School, and Esperanza Charter School.

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