NOT LISTED FOR SALE

5703 Read Blvd New Orleans, LA 70127

West Lake Forest Neighborhood
-- Bed
-- Bath
27,770 Sq Ft
1.68 Acres

Last Sold July 30, 2021

49 Days on Market

Highlights

  • 1.68 Acre Lot
  • Accessibility Features
  • Property has 1 Level

About This Home

As of July 2021

SUCCESSFUL STRIP SHOPPING CENTER 95% ALL LEASED, BETWEEN WENDY'S & WHITNEY/HANCOCK BANK NEVER OFFERED FOR SALE PREVIOUSLY, ORIGINAL BUILDER/OWNER. EXCELLENT REVENUE STREAM, GREAT MIXTURE OF TENANTS, CALL FOR MORE INFORMATION, EXCELLENT INVESTMENT OPPORTUNITY.

Last Agent to Sell the Property

John E Schroeder

Schroeder & Associates, Real Estate License #000011184 Listed on: 05/11/2021

Last Buyer's Agent

Derek Lightell

United Brokers of Louisiana,LLC License #099563086

Property Details

Property Type

  • Other

Year Built

  • Built in 2006

Lot Details

  • 1.68 Acre Lot
  • Irregular Lot
  • The community has rules related to zoning restrictions
  • Zoning described as C-2

Home Design

  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Metal Siding

Interior Spaces

  • 27,770 Sq Ft Home
  • Property has 1 Level

Parking

  • Parking Lot
  • Off-Street Parking

Additional Features

  • Accessibility Features
  • City Lot

Community Details

  • Common Area

Listing and Financial Details

  • Tenant pays for all utilities, janitorial service
  • The owner pays for insurance, taxes
  • Assessor Parcel Number 701275703READBL

Property Details

Property Type

Other

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 1.68
  • Lot Size: 73,048 SQ. FT.
  • Directions: HALF BLOCK SOUTH OF I-10, READ BL. EXIT
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Retail
  • Year Built Details: 35
  • Year Built: 2006
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 1
  • Year Built: 2006

Interior Features

  • Owner Pays: Insurance, Taxes
  • Accessibility Features: Accessibility Features
  • Living Area: 27770.0
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: 1 to 5 Acres, City Lot, Irregular Lot
  • Construction Type: Brick, Block, Metal Siding
  • Property Condition: Repairs Cosmetic, Resale

Garage/Parking

  • Parking Features: Off Street, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area

Lot Info

  • Parcel #: 701275703READBL
  • Zoning Description: C-2
  • Zoning: C-2
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities, Janitorial Service

Multi Family

  • Annual Gross Income: 285000.0

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2021 07/30/21 Sold -- -- --
06/30/2021 06/30/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $1,650,000 -- $59 / Sq Ft
Source: ROAM MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John E Schroeder

    Schroeder & Associates, Real Estate

    (504) 339-3787

    1 in this area

    11 Total Sales

    John E Schroeder
    Section Image
  • Derek Lightell

    Buyer's Agent in 2021

    Derek Lightell

    United Brokers of Louisiana,LLC

    (504) 224-0019

    1 in this area

    34 Total Sales

    Derek Lightell
    Section Image
See All Agents

Map

Source: ROAM MLS

MLS Number: 2300130

Louisiana Orleans Parish New Orleans 70127 West Lake Forest

5703 Read Blvd, New Orleans, LA

This home is located at 5703 Read Blvd, New Orleans, LA 70127 since 11 May 2021. This property was built in 2006. 5703 Read Blvd is a home located in Orleans Parish with nearby schools including ReNEW Dolores T. Aaron Academy, Einstein Charter at Sherwood Forest, and Einstein Charter School - Village De L'est Elementary.

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.

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.

Nearby Homes