1 month on rocket

1111 Tulane Ave Unit 716, New Orleans, LA, 70112

$835,000

Home List Price

$9,916*

Closing Credit

4 Bedrooms
2 Full Baths
1,586 SqFt
$526/SqFt
Condo

Location

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1111 Tulane Ave Unit 716, New Orleans$835,000

Buyer Closing Credits

$9,916*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned, Garage, Parking Available, One Space
Year Built1950
HeatingCentral
CoolingCentral Air
FireplaceNone
MLS #2469418
StatusActive

About 1111 Tulane Ave Unit 716

$90K in Gross Revenue for 2024! HOTEL LICENSE IN PLACE - DEEDED AND GATED/SECURED PARKING SPOT INCLUDED! Parking spot grosses an additionally $500 per month average. Projected 2025 Revenue is $105K in gross earnings. High yielding investment property with built in management from Hosteeva. This 4 bed/2 bath recently renovated unit comes fully furnished WITH PARKING! Custom cabinets, Bosch appliances and new flooring throughout. Parking is assigned garage parking space attached to the building. Capitalize on your investment by renting both your condo and parking space out 365 days a year. Tenants and owners get full use of all building amenities incl: terrace, fitness center, business center, media and game room. Centrally located in CBD, walking distance to Tulane, VA and University medical centers. Walk two blocks to Superdome/Arena or FQ. RARE opportunity to own a vacation rental condo in New Orleans! $$$$ Super Bowl bookings already coming in for the building!

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1950
  • Stories: 1
  • Living Area: 1,586 SqFt

Listing Office:

  • Office Name: McEnery Residential, LLC
  • Office Phone: (504) 605-4400
  • Listing Agent: Hayley Bumpas
  • Agent Phone: (504) 450-3515

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Washer
  • Interior: Ceiling Fan(s), Carbon Monoxide Detector, Elevator, Stainless Steel Appliances
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Assigned, Garage, Parking Available, One Space

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-10 E to Poydras St. Take 243B from 1-10E, Continue on Poydras, Left on O'Keefe, Left on Common St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $835,000
  • Price Per SqFt: $526/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

$325.3K

Med. Price/SqFt

$189

Avg. Days On Market

72

# of Sold Homes

201

1111 Tulane Ave Unit 716 vs New Orleans

45 DAYS ON ROCKET

-27 Days

$835,000

+$509.6K More

$526/SqFt

+$337 More

KEY TAKEAWAY

This property is $509.6K more than the Median Sold Price and $337/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: #2469418

Listing Office:

  • Office Name: McEnery Residential, LLC
  • Office Phone: (504) 605-4400
  • Listing Agent: Hayley Bumpas
  • Agent Phone: (504) 450-3515

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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: 11/14/2024, 11:20:59 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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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.

Nearby Schools

school-card-donut-296912
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.91 miles

  • Public Charter Grades PK-5

school-card-donut-296913
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.29 miles

  • Public District Grades PK-5

school-card-donut-296914
10
/10

  • Gretna No. 2 Academy for Advanced Studies

  • 701 Amelia St

  • 2.84 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,928. Most New Orleans, LA residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1111 Tulane Ave Unit 716

What is the listing price of this property?

The listing price of 1111 Tulane Ave Unit 716 property is $835,000.

What type of property is this?

The property 1111 Tulane Ave Unit 716 is a condo located in New Orleans, Louisiana, 70112.

Is this property for sale now?

Active Listing: 1111 Tulane Ave Unit 716 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1111 Tulane Ave Unit 716 has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1111 Tulane Ave Unit 716 is 1,586 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1111 Tulane Ave Unit 716 is 1950.

Rocket Homes›Louisiana›Orleans County›New Orleans›70112›1111 Tulane Ave Unit 716

This home is located at 1111 Tulane Ave Unit 716 in New Orleans, LA and zip code 70112 in the Central Business District neighborhood. This 1,586 square foot home was built in 1950. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 30, 2024 and is currently priced at $835,000.

Over 20 listings were sold over their listed price in October 2024 in New Orleans, LA. In the same period over 146 listings were sold below the listed price and 35 listings were sold for the listed price. The number of homes for sale in New Orleans, LA increased by 12.1% between September 2024 and October 2024. While the average time on the market in October 2024 was 72 days, the median list price was $325,365.

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

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