601 Elysian Fields Ave New Orleans, LA 70117
Marigny NeighborhoodEstimated payment $8,200/month
Highlights
- Corner Lot
- 4-minute walk to Esplanade Avenue Station
- 4-minute walk to Washington Square Park
About This Home
Step into history with this stunning, three-story architectural gem located in the vibrant heart of the Marigny. Boasting over 12 spacious rooms, this versatile property is zoned for both residential and commercial use, offering endless possibilities with boundless potential.
Currently operating as a licensed Bed and Breakfast—with a transferable occupational license—this property presents a fantastic opportunity for entrepreneurs and investors alike. The owner is open to considering partial investments, making this a flexible and appealing option for visionary buyers.
Property Features:
• First Floor: A welcoming main area with two additional rooms, a laundry room, kitchenette, and bathroom.
• Second Floor: Four to six adaptable rooms, for a variety of uses, along with a bathroom.
• Third Floor: A charming loft complete with a wet bar, for entertaining or additional accommodations.
Practical updates include a roof that is just three years old and modernized plumbing and electrical systems, ensuring peace of mind for years to come.
Discover the potential of this Marigny treasure and turn your dreams into reality. Don’t miss the chance to own this versatile, income-generating gem. Schedule your tour today
Property Details
Property Type
- Other
Est. Annual Taxes
- $12,418
Year Built
- Built in 1900
Lot Details
- 923 Sq Ft Lot
- Lot Dimensions are 58x32x40x19
- Corner Lot
- Oversized Lot
- Zoning described as ResCom
Parking
- Off-Street Parking
Interior Spaces
- 2,780 Sq Ft Home
- Property has 3 Levels
- Living Quarters
Location
- City Lot
Listing and Financial Details
- Assessor Parcel Number 38W101101
Map
Home Values in the Area
Average Home Value in this Area
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 | $12,418 | $94,080 | $3,690 | $90,390 |
| 2024 | $12,606 | $94,080 | $3,690 | $90,390 |
| 2023 | $12,074 | $100,390 | $3,230 | $97,160 |
| 2022 | $12,074 | $85,810 | $3,230 | $82,580 |
| 2021 | $11,654 | $80,960 | $3,230 | $77,730 |
| 2020 | $14,595 | $100,390 | $3,230 | $97,160 |
| 2019 | $15,202 | $100,620 | $2,770 | $97,850 |
| 2018 | $15,504 | $100,620 | $2,770 | $97,850 |
| 2017 | $14,803 | $100,620 | $2,770 | $97,850 |
| 2016 | $15,272 | $100,620 | $2,770 | $97,850 |
| 2015 | $12,717 | $85,540 | $920 | $84,620 |
| 2014 | -- | $85,540 | $920 | $84,620 |
| 2013 | -- | $85,540 | $920 | $84,620 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/17/2025 03/17/25 | Price Changed | $1,350,000 | -10.0% | $486 / Sq Ft |
| 01/13/2025 01/13/25 | For Sale | $1,500,000 | +100.0% | $540 / Sq Ft |
| 01/16/2015 01/16/15 | Sold | -- | -- | -- |
| 12/17/2014 12/17/14 | Pending | -- | -- | -- |
| 11/11/2014 11/11/14 | For Sale | $750,000 | -- | $270 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $680,000 | -- | |
| Warranty Deed | $310,000 | -- | |
| Warranty Deed | $490,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $392,000 | Commercial | |
| Previous Owner | $98,000 | Commercial |
Source: ROAM MLS
MLS Number: 2482784
APN: 3-8W-1-011-01
