8 days on rocket

152527 Melpomene St, New Orleans, LA, 70130

$1,030,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
2 Full Baths, 2 Partial
3,240 SqFt
$318/SqFt
Multi

Location

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152527 Melpomene St, New Orleans$1,030,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Three or more Spaces
Year Built1920
HeatingCentral, Natural Gas
CoolingCentral Air
MLS #2479423
Lot Size0.09 Acres
StatusActive

About 152527 Melpomene St

Welcome to an extraordinary estate nestled amidst the enchanting beauty of the historic Garden District. Just steps from vibrant parade routes, charming streetcars, and the pulse of downtown nightlife, this income-producing gem offers an unparalleled fusion of elegance and opportunity. This majestic double, steeped in architectural brilliance, spans nearly 1,700 square feet on each side, exuding both charm and sophistication. Vaulted ceilings create an airy grandeur, while expansive bedrooms provide a serene retreat. Every corner of this property has been lovingly updated, boasting high-end appliances, modern conveniences, and a state-of-the-art security system complete with cameras for your peace of mind. Step outside to discover meticulously designed outdoor entertaining areas, perfect for hosting under the stars or enjoying quiet moments surrounded by lush greenery. With off-street parking for three vehicles, you'll enjoy both convenience and a touch of luxury. Imagine the freedom of owning mortgage-free, as this property’s proven short-term rental income potential soars. With $140,000 in rental income for 2022 and $160,000 for 2023, this estate is not just a home—it’s an investment in your future. Situated in coveted Flood Zone X, flood insurance is not required, offering yet another layer of security and ease. This is more than a residence; it’s an invitation to a lifestyle rich in culture, history, and prosperity. Don’t miss your chance to own a piece of New Orleans' magic. Your dream estate awaits!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1920
  • Stories: 2
  • Living Area: 3,240 SqFt

Listing Office:

  • Office Name: CBTEC MAGAZINE
  • Office Phone: (504) 899-4040
  • Listing Agent: Sarah Aucoin
  • Agent Phone: (504) 704-9192

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Courtyard, Fence, Porch

Parking Information:

  • Parking: Driveway, Three or more Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.09 Acres

Utilities

Utilities Information:

  • Heating: Central, Natural Gas
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,030,000
  • Price Per SqFt: $318/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

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

152527 Melpomene St vs New Orleans

8 DAYS ON ROCKET

-68 Days

$1,030,000

+$702.3K More

$318/SqFt

+$128 More

KEY TAKEAWAY

This property is $702.3K more than the Median Sold Price and $128/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: #2479423

Listing Office:

  • Office Name: CBTEC MAGAZINE
  • Office Phone: (504) 899-4040
  • Listing Agent: Sarah Aucoin
  • Agent Phone: (504) 704-9192

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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

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Payment Calculator

$5,208

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,154

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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-855405
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 0.64 miles

  • Public District Grades PK-5

school-card-donut-855406
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 0.85 miles

  • Public Charter Grades PK-5

school-card-donut-855407
7
/10

  • William Hart Elementary School

  • 2001 Hancock St

  • 1.27 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 $71,128. The most common annual income of people living in New Orleans, LA is between $35k-100k. 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

Living In New Orleans, LA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in New Orleans, LA?

New Orleans offers a vibrant housing market with a tapestry of architectural styles that reflect its rich history, including Creole cottages, Victorian mansions, and shotgun houses. The housing landscape is diverse, with single-family homes nestled alongside multifamily complexes and historic townhouses. The city's homeownership rate is around 47%, with a significant portion of residents opting to rent, indicative of the city's dynamic and transient population.

Is New Orleans, LA a good place to live?

New Orleans is celebrated for its unique cultural heritage, a melting pot of French, African, Spanish, and American influences. The city prides itself on its world-renowned festivals such as Mardi Gras and Jazz Fest, which showcase its vibrant music scene, culinary excellence, and artistic flair. The community's character is further enriched by its bustling street life, historic neighborhoods, and the iconic French Quarter, all contributing to its distinctive ambiance.

Are things conveniently located in New Orleans, LA?

The community is served by a robust educational system, including numerous public and private schools, catering to a range of educational needs. Healthcare is supported by several hospitals and clinics offering a spectrum of services from primary care to specialized treatments. Retail and dining options abound, reflecting the local culture with a mix of international cuisines and traditional Creole and Cajun eateries. The city is proactive in enhancing services to meet the evolving needs of its diverse population.

What does the transportation in New Orleans, LA look like?

New Orleans' transport infrastructure includes a network of buses and streetcars, with schedules that cater to the city's main corridors. The city is known for its iconic streetcars, which provide a historic mode of transit along key routes. While certain areas boast higher walkability, such as the French Quarter and Downtown, the city is also making strides to improve bikeability with dedicated lanes and bike-sharing programs. Major roads and highways facilitate travel in and out of the city, with ongoing projects aimed at improving traffic flow and accessibility.

Rocket Homes›Louisiana›Orleans County›New Orleans›70130›152527 Melpomene St

This home is located at 152527 Melpomene St in New Orleans, LA and zip code 70130. This 3,240 square foot home, which was built in 1920, sits on a 0.09 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $1,030,000.

In November 2024, from all listings sold in New Orleans, LA there were more than 29 sold above asking price, over 161 sold below and more than 41 were sold right at the asked price. The inventory of homes for sale in New Orleans, LA between October 2024 and November 2024 increased by 6.2%. In November 2024 median list price was $327,611 and the average listing age was 76 days.

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

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