723 Kerlerec St New Orleans, LA 70116
Marigny NeighborhoodEstimated payment $5,957/month
Total Views
6,861
5
Beds
6
Baths
3,729
Sq Ft
$241
Price per Sq Ft
Highlights
- 1 Acre Lot
- Porch
- Wood Patio
- Cottage
- Courtyard
- 4-minute walk to Washington Square Park
About This Home
Rare, beautiful, historic, early creole cottage/ 4-plex, nestled amid the most coveted block of Kerlerec Street, in the meticulously preserved, Marigny neighborhood. Historical details abound in this lovely property...soaring ceilings, pocket doors, hard wood floors, expansive/landscaped courtyard, mantles/fireplaces, to name a few! This gem of a property offers all...beauty, prime LOCATION (just a short stroll to the French Quarter), and income producing with multiple options for use...reside in the spacious, gorgeous, Owner’s unit with generous cash flow from three, income producing properties OR enjoy the many financial benefits of the property as a total investment with $8K-$9K, monthly income from all 4 units. Healthy income is achievable in a variety of ways: corporate rentals (current use), furnished long term rental or unfurnished long-term rentals. Each unit of the property is uniquely and tastefully decorated with its own personality and every detail addressed. Total turnkey! Property is being sold completely furnished, all art and accessories to remain to ensure continued, uninterrupted success after purchase. Do not miss the opportunity to live in and own a slice of history without compromising charm and luxury!
Listing Agent
Keller Williams Realty New Orleans License #995715566 Listed on: 05/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,639
Year Built
- Built in 1868
Lot Details
- 1 Acre Lot
- Fenced
- Property is in very good condition
Home Design
- Cottage
- Raised Foundation
- Shingle Roof
- Asphalt Shingled Roof
Interior Spaces
- 3,729 Sq Ft Home
- Property has 2 Levels
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Courtyard
- Wood Patio
- Porch
Additional Features
- City Lot
- Central Heating and Cooling System
Community Details
- Not A Subdivision
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 158
Map
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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 | $12,639 | $102,600 | $13,520 | $89,080 |
| 2024 | $12,829 | $102,600 | $13,520 | $89,080 |
| 2023 | $12,840 | $102,600 | $11,830 | $90,770 |
| 2022 | $12,840 | $98,060 | $11,830 | $86,230 |
| 2021 | $13,787 | $102,600 | $11,830 | $90,770 |
| 2020 | $13,923 | $102,600 | $11,830 | $90,770 |
| 2019 | $9,917 | $72,500 | $11,830 | $60,670 |
| 2018 | $10,112 | $72,500 | $11,830 | $60,670 |
| 2017 | $9,641 | $72,500 | $11,830 | $60,670 |
| 2016 | $9,944 | $72,500 | $11,830 | $60,670 |
| 2015 | $9,742 | $72,500 | $3,380 | $69,120 |
| 2014 | -- | $72,500 | $3,380 | $69,120 |
| 2013 | -- | $43,890 | $3,380 | $40,510 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $899,995 | -24.2% | $241 / Sq Ft |
| 10/15/2018 10/15/18 | Sold | -- | -- | -- |
| 09/15/2018 09/15/18 | Pending | -- | -- | -- |
| 09/02/2018 09/02/18 | For Sale | $1,187,700 | +63.8% | $320 / Sq Ft |
| 05/15/2013 05/15/13 | Sold | -- | -- | -- |
| 04/15/2013 04/15/13 | Pending | -- | -- | -- |
| 02/22/2013 02/22/13 | For Sale | $725,000 | -- | $195 / Sq Ft |
Source: ROAM MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,140,000 | Crescent Title Llc | |
| Warranty Deed | $725,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $715,000 | New Conventional | |
| Closed | $684,000 | New Conventional | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $400,000 | Unknown |
Source: Public Records
Similar Homes in New Orleans, LA
Source: ROAM MLS
MLS Number: 2504023
APN: 3-7W-1-009-03
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