NOT LISTED FOR SALE

5940 Franklin Ave New Orleans, LA 70122

Milneburg Neighborhood

Estimated Value: $172,000 - $179,214

2 Beds
1 Bath
940 Sq Ft
$187/Sq Ft Est. Value

Last Sold August 25, 2020

Current estimated payment $1,102/month

123 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Central Heating and Cooling System
  • Corner Lot
  • Stainless Steel Appliances
  • Ceiling Fan

About This Home

As of August 2020

Just blocks to the lakefront's shops, restaurants, and universities. Newly renovated & very charming corner lot property. Great for the downsizer, first-time homebuyer, or the buyer who wants to add to their portfolio. Beautifully designed to suit any decorating style, spacious rooms, open floor plan, new stainless Frigidaire appliances. The perfect home for any lucky buyer. Motivated Seller.

Last Agent to Sell the Property

Sheila Julien

LATTER & BLUM (LATT09) License #995681133 Listed on: 03/24/2020

LATTER & BLUM (LATT09)

Last Buyer's Agent

CRAIG CARUSO

KELLER WILLIAMS REALTY 455-0100 License #995704226

KELLER WILLIAMS REALTY 455-0100

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,470

Year Built

  • Built in 2020 | Remodeled

Lot Details

  • 3,899 Sq Ft Lot
  • Lot Dimensions are 60x65
  • Fenced
  • Corner Lot
  • Rectangular Lot
  • Property is in excellent condition

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Shingle Roof
  • Asphalt Shingled Roof
  • HardiePlank Type

Interior Spaces

  • 940 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Driveway
  • Off-Street Parking

Additional Features

  • City Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 701225940FranklinAV

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,470

Year Built

Built in 2020 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size Acres: 0.0895
  • Lot Size: 60x65
  • Directions: Head north on Franklin Ave. toward Lake Pontchartrain, turn left at Vienna. The house in on the corner of Franklin & Vienna.
  • Architectural Style: Traditional
  • Unit Levels: One
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Year Built Details: 37
  • Year Built: 2020
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None
  • Stories: 1
  • Year Built: 2020

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Appliances: Microwave, Oven, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Stainless Steel Appliances
  • Living Area: 940.0

Exterior Features

  • Lot Features: Corner Lot, City Lot, Rectangular Lot
  • Home Warranty: No
  • Construction Type: HardiPlank Type
  • Exterior Features: Fence
  • Foundation Details: Slab
  • Property Condition: Excellent, Updated/Remodeled, Resale
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Off Street, Two Spaces

Utilities

  • Cooling: Central Air, 1 Unit
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 701225940FranklinAV
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2020
Closed on
Aug 25, 2020
Sold by
Afa Affordable Homes Llc
Bought by
Stein Orlando Ricardo
Seller's Agent
Sheila Julien
LATTER & BLUM (LATT09)
Buyer's Agent
CRAIG CARUSO
KELLER WILLIAMS REALTY 455-0100
List Price
$169,000
Current Estimated Value
$177,191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.32%
Original Mortgage
$154,156
Outstanding Balance
$138,040
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$37,764

Purchase Details

Closed on
Jun 18, 2018
Sold by
Melder Derrick A
Bought by
Afa Affordable Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 5, 2003
Sold by
H U D
Bought by
Melder Derrick A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,318
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
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
Stein Orlando Ricardo $157,000 Fleur De Lis Title Company
Afa Affordable Homes Llc $80,000 Title Stream Llc
Melder Derrick A $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stein Orlando Ricardo $10,432
Closed Stein Orlando Ricardo $11,660
Open Stein Orlando Ricardo $154,156
Previous Owner Afa Affordable Homes Llc $82,000
Previous Owner Melder Derrick A $30,000
Previous Owner Melder Derrick A $56,318
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold -- -- --
07/26/2020 07/26/20 Pending -- -- --
03/24/2020 03/24/20 For Sale $169,000 +98.8% $180 / Sq Ft
06/18/2019 06/18/19 Sold -- -- --
05/19/2019 05/19/19 Pending -- -- --
04/23/2019 04/23/19 For Sale $85,000 -- $104 / 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 $1,470 $16,470 $3,900 $12,570
2024 $1,175 $14,130 $3,900 $10,230
2023 $1,142 $14,130 $1,560 $12,570
2022 $1,142 $13,500 $1,560 $11,940
2021 $503 $14,130 $1,560 $12,570
2020 $1,247 $7,200 $1,560 $5,640
2019 $448 $8,500 $1,270 $7,230
2018 $451 $8,500 $1,270 $7,230
2017 $226 $8,500 $1,270 $7,230
2016 $230 $8,500 $1,270 $7,230
2015 $227 $8,500 $1,270 $7,230
2014 -- $8,500 $1,270 $7,230
2013 -- $8,500 $1,270 $7,230
Source: Public Records

Agents Affiliated with this Home

  • Sheila Julien

    Seller's Agent in 2020

    Sheila Julien

    LATTER & BLUM (LATT09)

    (504) 782-8180

    4 in this area

    60 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    CRAIG CARUSO

    KELLER WILLIAMS REALTY 455-0100

    Section Image

  • K

    Buyer's Agent in 2019

    Kayla Springer

    REVE, REALTORS

    (504) 356-2005

    52 Total Sales

    Section Image
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Map

Source: ROAM MLS

MLS Number: 2246946

APN: 3-8W-4-117-13

Louisiana Orleans Parish New Orleans 70122 Milneburg

5940 Franklin Ave, New Orleans, LA

This home is located at 5940 Franklin Ave, New Orleans, LA 70122 since 24 March 2020 and is currently estimated at $175,804, approximately $187 per square foot. This property was built in 2020. 5940 Franklin Ave is a home located in Orleans Parish with nearby schools including Pierre A. Capdau Charter School, Pierre A. Capdau Charter School at Avery Alexander, and Audubon Gentilly.

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