6 months on rocket

282123 Banks St, New Orleans, LA, 70119

$475,500

Home List Price

$5,647*

Closing Credit

8 Bedrooms
4 Full Baths
3,312 SqFt
$144/SqFt
Multi

Location

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282123 Banks St, New Orleans$475,500

Buyer Closing Credits

$5,647*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1920
HeatingCentral
CoolingCentral Air
MLS #2451124
StatusActive

About 282123 Banks St

2821-23 Banks St. is a beautifully maintained duplex located in the vibrant heart of Mid-City. This classic property offers a blend of historic charm, modern amenities and lots of natural light. Each unit features 4 bedrooms & 2 full baths, hardwood floors, high ceilings, and classic New Orleans architectural elements. Just steps away from local favorites like the Lafitte Greenway, City Park, and an array of dining & shopping options like Ruby Slipper, Coffee Science and Whole Foods. Blocks from University Medical Center & the VA, this property is a winner in providing income potential or as a smart investment in one of New Orleans' most sought-after neighborhoods. Currently rented for $44,000 year with a 9% return on investment. Owner financing may be available with 20% down.

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage, Creole
  • Year Built: 1920
  • Stories: 2
  • Living Area: 3,312 SqFt

Listing Office:

  • Office Name: Property New Orleans, LLC
  • Office Phone: (504) 354-2556
  • Listing Agent: Rachel Van Voorhees
  • Agent Phone: (504) 909-3756

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Balcony, Courtyard, Fence, Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Tulane Avenue to South Broad Street, left on Banks Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,500
  • Price Per SqFt: $144/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

282123 Banks St vs New Orleans

195 DAYS ON ROCKET

+119 Days

$475,500

+$147.8K More

$144/SqFt

-$46 Less

KEY TAKEAWAY

This property is $147.8K more than the Median Sold Price and $46/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: #2451124

Listing Office:

  • Office Name: Property New Orleans, LLC
  • Office Phone: (504) 354-2556
  • Listing Agent: Rachel Van Voorhees
  • Agent Phone: (504) 909-3756

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.

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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, 1:20:53 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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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-980256
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.35 miles

  • Public Charter Grades PK-5

school-card-donut-980257
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 1.58 miles

  • Public District Grades PK-5

school-card-donut-980258
10
/10

  • Gretna No. 2 Academy for Advanced Studies

  • 701 Amelia St

  • 2.13 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 $71,128. 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

Rocket Homes›Louisiana›Orleans County›New Orleans›70119›282123 Banks St

This home is located at 282123 Banks St in New Orleans, LA and zip code 70119 in the Lower Garden District neighborhood. This 3,312 square foot home was built in 1920. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since June 10, 2024 and is currently priced at $475,500.

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. Between October 2024 and November 2024, New Orleans, LA real estate market has seen increase in the number of listings 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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