1 month on rocket

1101 Royal St, New Orleans, LA, 70116

$1,750,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
5,400 SqFt
$324/SqFt
Townhouse

Location

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1101 Royal St, New Orleans$1,750,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingNone
Year Built1831
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #2473629
Lot Size0.06 Acres
StatusActive

About 1101 Royal St

Attention investors and entrepreneurs! This rare mixed-use property, strategically located at 1101 Royal St with an additional address of 701 Ursulines, offers a unique opportunity in the heart of New Orleans’ historic French Quarter. With its grandfathered Non-Conforming Use (NCU) zoning, this building stands out as a versatile canvas for your next venture. Property Features: - Grandfathered NCU Zoning: This property benefits from a rare grandfathered NCU zoning designation, allowing for a blend of commercial and residential uses in a predominantly residential area. This flexibility provides endless possibilities for your business or personal residence. - Prime French Quarter Location: Situated in one of the most vibrant and culturally rich neighborhoods in the world, you’ll enjoy proximity to renowned restaurants, galleries, and the lively atmosphere that New Orleans is famous for. - Dual Addresses: With both 1101 Royal St and 701 Ursulines, this property allows for creative branding and operational flexibility. Use one address for your business and the other as a private residence, or convert the space entirely to suit your needs. - Spacious Interior: The property features a generous layout, ready for your vision—whether you’re looking to create a chic boutique, a cozy café, or a stylish residential loft. The interior is a blank slate, awaiting your personal touch. - No Outdoor Space: While the property does not include outdoor space, its unbeatable location places you just steps away from the charming streets and courtyards of the French Quarter, ensuring you’re at the center of the action. This property is a rare gem that combines historic charm with modern potential. Whether you're an investor looking to capitalize on the French Quarter's allure or a business owner wanting to establish a unique presence in New Orleans, this opportunity is not to be missed! Please provide proof of funds or financing to schedule your viewing. Thank you!

Property Details

Property Features

Property Information:

  • Year Built: 1831
  • Stories: 3
  • Living Area: 5,400 SqFt

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Whitney Harrel
  • Agent Phone: (713) 445-6614

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot, Rectangular Lot
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,750,000
  • Price Per SqFt: $324/SqFt

Tax Information:

  • Annual Amount: $7,843
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

1101 Royal St vs New Orleans

56 DAYS ON ROCKET

-20 Days

$1,750,000

+$1.4M More

$324/SqFt

+$134 More

KEY TAKEAWAY

This property is $1.4M more than the Median Sold Price and $134/SqFt more than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2473629

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Whitney Harrel
  • Agent Phone: (713) 445-6614

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 2:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,843$53,950
2019$8,150$53,950
2018$8,313$53,950
2017$6,794$46,180

History based on county public records data.

Payment Calculator

$8,802

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,313

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-850864
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.74 miles

  • Public Charter Grades PK-5

school-card-donut-850865
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.46 miles

  • Public District Grades PK-5

school-card-donut-850866
7
/10

  • William Hart Elementary School

  • 2001 Hancock St

  • 3.09 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,722. The most common annual income of people living in New Orleans, LA is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1101 Royal St

What is the listing price of this property?

The listing price of 1101 Royal St property is $1,750,000.

What type of property is this?

The property 1101 Royal St is a townhouse located in New Orleans, Louisiana, 70116.

Is this property for sale now?

Active Listing: 1101 Royal St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,843 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1101 Royal St has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1101 Royal St is 5,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1101 Royal St is 1831.

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›1101 Royal St

This home is located at 1101 Royal St in New Orleans, LA and zip code 70116 in the French Quarter neighborhood. This 5,400 square foot home, which was built in 1831, sits on a 0.06 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 26, 2024 and is currently priced at $1,750,000.

Over 29 listings were sold over their listed price in November 2024 in New Orleans, LA. In the same period over 161 listings were sold below the listed price and 41 listings were sold for the listed price. The number of homes for sale in New Orleans, LA increased by 6.2% between October 2024 and November 2024. While the average time on the market in November 2024 was 76 days, the median list price was $327,611.

From Rocket Homes Real Estate and based on county public records data.

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