$504,000 - $670,000
RENTED SEP 1, 2024
4 Beds
2 Baths
2,406 Sq Ft
$235 Price per Sq Ft

Last Sold March 09, 2022

Current estimated payment $3,839/month

27 Days on Market

Highlights

  • Parking available for a boat
  • Attic
  • Oversized Lot
  • Outdoor Kitchen
  • Covered Patio or Porch
  • 1-minute walk to Markey Park

About This Home

As of March 2022

Welcome to "The Pearl," a New Orleans legend reborn! This iconic home, renowned for its vibrant history and legendary gatherings, has just undergone a stunning renovation, seamlessly blending its rich past with modern comforts. Built in 1841 and nestled on the storied Desire Street, The Pearl stands as a testament to New Orleans' timeless charm and vivacity. While the exuberant celebrations of yesteryear are cherished memories, this beautifully restored residence is ready to welcome new stories and cherished moments.
The recent renovation has been thoughtfully executed to preserve the home's unique heritage while ensuring modern comfort and convenience. This home is furnished and move-in ready. Spacious living areas provide the perfect setting for entertaining or relaxing in style. Situated on Desire Street, you'll be in the heart of the city's vibrant culture and history, surrounded by the sights and sounds that make New Orleans so special. Though we acknowledge that nothing can quite match the legendary gatherings of The Pearl's former glory, we celebrate its restoration and look forward to it's next 180 years. Come be a part of The Pearl's ongoing story. Schedule your viewing today and toast to the next chapter of this beloved New Orleans treasure. Pets considered on a case-by-case basis. No smoking inside property. The dependancy (rear building) is occupied by property manager's assistant.

Last Agent to Sell the Property

Chris Smith

Keller Williams Realty New Orleans License #000009641 Listed on: 01/10/2022

Keller Williams Realty New Orleans

Last Buyer's Agent

Graham Holly

Berkshire Hathaway HomeServices Preferred, REALTOR License #995694375

Berkshire Hathaway HomeServices Preferred, REALTOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,503

Year Built

  • Built in 1850

Lot Details

  • Fenced
  • Oversized Lot
  • Irregular Lot
  • Property is in average condition

Home Design

  • Raised Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,406 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • Attic

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway
  • Parking available for a boat
  • RV Access or Parking

Outdoor Features

  • Courtyard
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Shed

Location

  • City Lot

Utilities

  • Multiple cooling system units
  • Window Unit Cooling System
  • Window Unit Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 70117639DesireST

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,503

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Sub Type: Detached
  • Prop. Type: Residential
  • Lot Size: 64-12.5/77x120/81-38
  • Directions: At the Corner of Royal St and Desire. One block off Chartres St
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Year Built Details: 170
  • Year Built: 1850
  • Property Sub Type Additional: Detached,Single Family Residence
  • Special Features: None
  • Stories: 2
  • Year Built: 1850

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Appliances: Dryer, Oven, Range, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Other
  • Interior Amenities: Attic, Ceiling Fan(s), Pantry, Cable TV
  • Living Area: 2406.0

Exterior Features

  • Lot Features: City Lot, Irregular Lot, Oversized Lot
  • Pool Features: None
  • Home Warranty: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Courtyard, Fence, Porch, Outdoor Kitchen
  • Foundation Details: Raised
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Porch
  • Property Condition: Average Condition, Resale
  • Roof: Shingle

Garage/Parking

  • Parking Features: Driveway, Three or more Spaces, Boat, RV Access/Parking

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: 3+ Units, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Multiple Heating Units, Window Unit
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 70117639DesireST
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 26, 2022
Sold by
631 Desire Llc
Bought by
639 Desire Llc
Current Estimated Value
$556,448

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,167,375
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
-$594,535

Purchase Details

Listed on
Jan 10, 2022
Closed on
May 2, 2022
Sold by
Judson Poggi Paul
Bought by
631 Desire Llc
Seller's Agent
Chris Smith
Keller Williams Realty New Orleans
Buyer's Agent
Graham Holly
Berkshire Hathaway HomeServices Preferred, REALTOR
List Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.60%
Original Mortgage
$386,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 10, 2022
Closed on
Mar 9, 2022
Sold by
Judson Poggi Paul
Bought by
631 Desire Llc
Seller's Agent
Chris Smith
Keller Williams Realty New Orleans
Buyer's Agent
Graham Holly
Berkshire Hathaway HomeServices Preferred, REALTOR
List Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Interest Rate
5.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
639 Desire Llc -- --
631 Desire Llc -- None Listed On Document
631 Desire Llc -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 639 Desire Llc $1,200,000
Previous Owner 631 Desire Llc $386,000
Previous Owner 631 Desire Llc $386,000
Previous Owner Poggi Paul Judgon $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2024 09/01/24 Rented $5,560 -4.1% --
06/01/2024 06/01/24 Price Changed $5,800 -19.4% $2 / Sq Ft
05/16/2024 05/16/24 For Rent $7,200 0.0% --
03/09/2022 03/09/22 Sold -- -- --
02/07/2022 02/07/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $550,000 -- $229 / 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 $9,503 $72,000 $24,910 $47,090
2024 $6,263 $46,740 $24,910 $21,830
2023 $6,023 $43,700 $16,610 $27,090
2022 $6,023 $49,610 $16,610 $33,000
2021 $6,409 $51,350 $16,610 $34,740
2020 $6,472 $51,350 $16,610 $34,740
2019 $6,495 $49,850 $15,780 $34,070
2018 $6,623 $49,850 $15,780 $34,070
2017 $2,937 $26,930 $16,610 $10,320
2016 $3,028 $26,930 $16,610 $10,320
2015 $2,755 $25,500 $10,940 $14,560
2014 -- $25,500 $10,940 $14,560
2013 -- $27,490 $10,940 $16,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ROAM MLS

MLS Number: 2328206

APN: 3-9W-1-062-15