5 months on rocket

1722 Esplanade Ave, New Orleans, LA, 70116

$1,400,000

Home List Price

$10,000*

Closing Credit

12 Bedrooms
11 Full Baths
7,092 SqFt
$197/SqFt
Condo

Location

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1722 Esplanade Ave, New Orleans$1,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built1900
HeatingDuctless, Wall Furnace
CoolingDuctless, Wall Unit(s)
MLS #2453397
StatusActive

About 1722 Esplanade Ave

1722 Esplanade Avenue is a 10-unit historic building on the famous Esplanade Avenue in the vibrant Treme/Lafitte neighborhood, just blocks away from the French Quarter. This property is ready for a developer to bring it back to its full potential and create a large profit in doing so. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit, and one (1) 2 bedroom 2 bathroom unit. The units feature beautiful hardwood flooring, balconies, a fenced yard, and high ceilings. The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217,762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2,315,000. With the low cost basis and renovation budget, this will allow for a decent size profit for the developer of the project.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1900
  • Stories: 3
  • Living Area: 7,092 SqFt

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Mason McCullough
  • Agent Phone: (504) 298-8631

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 11
  • Total Bedroom Count: 12

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Ductless, Wall Furnace
  • Cooling: Ductless, Wall Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,400,000
  • Price Per SqFt: $197/SqFt

Tax Information:

  • Annual Amount: $9,825
  • 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

$325.3K

Med. Price/SqFt

$189

Avg. Days On Market

72

# of Sold Homes

201

1722 Esplanade Ave vs New Orleans

154 DAYS ON ROCKET

+82 Days

$1,400,000

+$1.0M More

$197/SqFt

+$8 More

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $8/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: #2453397

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Mason McCullough
  • Agent Phone: (504) 298-8631

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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: 11/21/2024, 4:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 31, 2014Home Sold
$425,000

Tax History

YEARPROP. TAXASSESSMENT
2020$9,825$67,580
2019$6,928$45,860
2018$7,066$45,860
2017$6,747$45,860

History based on county public records data.

Payment Calculator

$7,055

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,264

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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-366692
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 2.52 miles

  • Public Charter Grades PK-5

school-card-donut-366693
3
/10

  • Audubon Charter School - Gentilly

  • 4720 Painters St

  • 2.83 miles

  • Public Charter Grades PK-4

school-card-donut-366694
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 3.18 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 $20,795. The majority of New Orleans, LA residents have income less than $35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1722 Esplanade Ave

What is the listing price of this property?

The listing price of 1722 Esplanade Ave property is $1,400,000.

What type of property is this?

The property 1722 Esplanade Ave is a condo located in New Orleans, Louisiana, 70116.

Is this property for sale now?

Active Listing: 1722 Esplanade Ave 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 $9,825 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 31, 2014 for $425,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1722 Esplanade Ave has 12 bedrooms and 11 bathrooms.

What is the square footage of this property?

The property 1722 Esplanade Ave is 7,092 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1722 Esplanade Ave is 1900.

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›1722 Esplanade Ave

This home is located at 1722 Esplanade Ave in New Orleans, LA and zip code 70116 in the Treme neighborhood. This 7,092 square foot home was built in 1900. Features: 12 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since June 20, 2024 and is currently priced at $1,400,000.

While more than 20 listings in New Orleans, LA in October 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 146 were sold below. Between September 2024 and October 2024, New Orleans, LA real estate market has seen increase in the number of listings by 12.1%. 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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