NOT LISTED FOR SALE

7041 Read Ln New Orleans, LA 70127

Little Woods Neighborhood

Estimated Value: $317,434

-- Bed
-- Bath
4,257 Sq Ft
$75/Sq Ft Est. Value

Last Sold January 31, 2020

Current estimated payment $2,456/month

319 Days on Market

About This Home

As of January 2020

Large Two Story Commercial Property formerly used as an Adult day care. Property has a second floor with office space and storage and a kitchen and shower/bathtub. 5+ bathrooms. Property sale comes with parking lot next door. Buyer to verify zoning and intended use. Property located next to I-10 and busy Read Blvd Business corridor.

Last Agent to Sell the Property

ROBERT VAN METER

Berkshire Hathaway HomeServices Preferred, REALTOR License #995681876 Listed on: 02/15/2019

Berkshire Hathaway HomeServices Preferred, REALTOR

Last Buyer's Agent

Kent Larrimer

RE/MAX Select License #000028190

RE/MAX Select

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,145

Year Built

  • Built in 2016

Lot Details

  • 4,639 Sq Ft Lot
  • Irregular Lot
  • Zoning described as Com

Home Design

  • Cosmetic Repairs Needed
  • Brick Exterior Construction
  • Aluminum Siding
  • Metal Siding

Interior Spaces

  • 4,257 Sq Ft Home
  • Property has 2 Levels

Parking

  • 3 Parking Spaces
  • Parking Lot
  • Off-Street Parking

Additional Features

  • Accessibility Features
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 701277041ReadLN

Property Details

Property Type

Other

Est. Annual Taxes

$8,145

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Prop. Type: Commercial Sale
  • Lot Size Acres: 0.1065
  • Lot Size: 79/74X49/81
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Office
  • Year Built Details: 41
  • Year Built: 2016
  • Special Features: None
  • Property Sub Type: Other
  • Stories: 2
  • Year Built: 2016

Interior Features

  • Possible Use: Medical/Dental
  • Accessibility Features: Accessibility Features
  • Living Area: 4257.0

Exterior Features

  • Lot Features: City Lot, Irregular Lot
  • Construction Type: Aluminum Siding, Brick, Metal Siding
  • Property Condition: Repairs Cosmetic, Resale

Garage/Parking

  • Parking Features: Off Street, Parking Lot, Three or more Spaces

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel #: 701277041ReadLN
  • Zoning Description: Com
  • Zoning: Com
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2019
Closed on
Jan 31, 2020
Sold by
Positive Care Llc
Bought by
Dwayne A Fontenette Inc
Seller's Agent
ROBERT VAN METER
Berkshire Hathaway HomeServices Preferred, REALTOR
Buyer's Agent
Kent Larrimer
RE/MAX Select
List Price
$350,000
Sold Price
$275,000
Premium/Discount to List
-$75,000
-21.43%
Total Days on Market
319
Current Estimated Value
$317,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,434
Avg. Annual Appreciation
2.73%
Original Mortgage
$192,500
Outstanding Balance
$172,549
Interest Rate
3.7%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$144,885

Purchase Details

Closed on
Dec 8, 2009
Sold by
Bissant Julia and Collins Alvin
Bought by
Positive Care Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.01%
Mortgage Type
Commercial
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
Dwayne A Fontenette Inc $275,000 Delta Title Corporation
Positive Care Llc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dwayne A Fontenette Inc $192,500
Previous Owner Positive Care Llc $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold -- -- --
01/01/2020 01/01/20 Pending -- -- --
02/15/2019 02/15/19 For Sale $350,000 -- $82 / 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 $8,145 $61,710 $1,390 $60,320
2024 $8,269 $61,710 $1,390 $60,320
2023 $6,007 $49,980 $1,390 $48,590
2022 $6,007 $42,690 $1,390 $41,300
2021 $5,795 $40,260 $1,390 $38,870
2020 $7,266 $49,980 $1,390 $48,590
2019 $4,966 $32,870 $1,860 $31,010
2018 $5,065 $32,870 $1,860 $31,010
2017 $4,836 $32,870 $1,860 $31,010
2016 $4,989 $32,870 $1,860 $31,010
2015 $4,887 $32,870 $1,860 $31,010
2014 -- $32,870 $1,860 $31,010
2013 -- $32,870 $1,860 $31,010
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2020

    ROBERT VAN METER

    Berkshire Hathaway HomeServices Preferred, REALTOR

    (504) 906-1146

    108 Total Sales

    ROBERT VAN METER
    Section Image
  • Kent Larrimer

    Buyer's Agent in 2020

    Kent Larrimer

    RE/MAX Select

    (504) 621-7549

    2 in this area

    186 Total Sales

    Kent Larrimer
    Section Image
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Map

Source: ROAM MLS

MLS Number: 2191613

APN: 3-9W-0-755-08

Louisiana Orleans Parish New Orleans 70127 Little Woods

7041 Read Ln, New Orleans, LA

This home is located at 7041 Read Ln, New Orleans, LA 70127 since 15 February 2019 and is currently estimated at $317,434, approximately $74 per square foot. This property was built in 2016. 7041 Read Ln is a home located in Orleans Parish with nearby schools including ReNEW Dolores T. Aaron Academy, Robert Russa Moton Charter School, and Lake Forest Elementary Charter School.

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