1 month on rocket

111012 Third St, New Orleans, LA, 70130

$875,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
7 Full Baths
4,765 SqFt
$184/SqFt
Condo

Location

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111012 Third St, New Orleans$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOne Space, Driveway
Year Built1914
HeatingCentral, Other
CoolingCentral Air, Window Unit(s)
MLS #2449043
StatusActive

About 111012 Third St

This income-producing beauty houses 6 rental units in a prime New Orleans location, steps off Magazine St in the heart of the Garden District. Currently generating $7300 monthly income with room for growth as some units are under-rented. The roof is less than 1 year old and the entire exterior has been refurbished and repainted. The shared laundry has a brand new washer/dryer. There is a large 2 bed/2 bath "owner's unit" downstairs which retains sole use of the driveway parking and the rear yard. Each unit has unique features and fun details throughout the building. Low-maintenance yard. Located in the Garden District Security Patrol District. This building stays fully rented all the time. Located in an X flood zone, so flood insurance would not be required by a lender, but well worth the low annual premium of $1100. Building is fully occupied and several units have pets. 48 hour notice must be given for showings. As many units as possible will be made available for showings and all will be accessible for inspections.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1914
  • Stories: 2
  • Living Area: 4,765 SqFt

Listing Office:

  • Office Name: Barrios Real Estate Group, Inc.
  • Office Phone: (504) 579-2677
  • Listing Agent: Alison Barrios
  • Agent Phone: (504) 628-2373

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 7
  • Total Bedroom Count: 7

Exterior Features

Exterior Information:

  • Exterior: Balcony, Fence, Porch, Permeable Paving

Parking Information:

  • Parking: One Space, Driveway

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central, Other
  • Cooling: Central Air, Window Unit(s)

School Info

Assigned Schools Information:

  • McDonogh #35 College Preparatory School, Public District Grades 9-12
  • Eleanor Mcmain Secondary School, Public District Grades 7-12
  • Benjamin Franklin Elementary Math and Science, Public District Grades PK-8
  • Mary Bethune Elementary Literature/Technology, Public District Grades PK-6
  • Mahalia Jackson Elementary School, Public District Grades PK-2

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $184/SqFt
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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

$325.1K

Med. Price/SqFt

$190

Avg. Days On Market

74

# of Sold Homes

244

111012 Third St vs New Orleans

45 DAYS ON ROCKET

-29 Days

$875,000

+$549.8K More

$184/SqFt

-$6 Less

KEY TAKEAWAY

This property is $549.8K more than the Median Sold Price and $6/SqFt less 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: #2449043

Listing Office:

  • Office Name: Barrios Real Estate Group, Inc.
  • Office Phone: (504) 579-2677
  • Listing Agent: Alison Barrios
  • Agent Phone: (504) 628-2373

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Last updated on: 9/7/2024, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$4,435

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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NMLS#3030

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.

Elementary School

school-card-donut-1080008
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 7.86 miles

  • Public District Grades PK-6

school-card-donut-1080009
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 7.92 miles

  • Public District Grades PK-2

Middle School

school-card-donut-1080010
5
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 10.03 miles

  • Public District Grades PK-8

High School

school-card-donut-1080011
6
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 5.68 miles

  • Public District Grades 9-12

school-card-donut-1080012
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 9.00 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,358. Typical income of New Orleans, LA residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111012 Third St

What is the listing price of this property?

The listing price of 111012 Third St property is $875,000.

What type of property is this?

The property 111012 Third St is a condo located in New Orleans, Louisiana, 70130.

Is this property for sale now?

Active Listing: 111012 Third St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 111012 Third St are:
Mary Bethune Elementary Literature/Technology: GreatSchools Rating 5/10
Mahalia Jackson Elementary School: GreatSchools Rating 2/10
Benjamin Franklin Elementary Math and Science: GreatSchools Rating 5/10
McDonogh #35 College Preparatory School: GreatSchools Rating 6/10
Eleanor Mcmain Secondary School: GreatSchools Rating 4/10

How many bedrooms and bathrooms does this property have?

The property at 111012 Third St has 7 bedrooms and 7 bathrooms.

What is the square footage of this property?

The property 111012 Third St is 4,765 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 111012 Third St is 1914.

Rocket Homes›Louisiana›Orleans County›New Orleans›70130›111012 Third St

This home is located at 111012 Third St in New Orleans, LA and zip code 70130 in the New Orleans East Area neighborhood. This 4,765 square foot home was built in 1914. Features: 7 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $875,000.

In August 2024, from all listings sold in New Orleans, LA there were more than 30 sold above asking price, over 173 sold below and more than 41 were sold right at the asked price. In August 2024 in New Orleans, LA there were 5.1% more homes for sale than in July 2024. Listings spent 74 days on the market in August 2024, and had a median list price of $325,120 during the same period.

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

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