4 months on rocket

3 Shepard Ct, New Orleans, LA, 70114

$259,000

Home List Price

$3,076*

Closing Credit

6 Bedrooms
2 Full Baths, 2 Partial
2,580 SqFt
$100/SqFt
Townhouse

Location

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3 Shepard Ct, New Orleans$259,000

Buyer Closing Credits

$3,076*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingDriveway
Year Built1940
HeatingCentral
CoolingCentral Air
MLS #2461163
StatusActive

About 3 Shepard Ct

Pictures of all portfolio properties are featured in this listing. Thank you for viewing, please read entire public remarks. This amazing townhouse style double located on a quiet cul-de-sac street in a convenient area of Algiers in an X flood zone. The interior has been updated and well maintained with features including all electric, no carpet, and very spacious rooms. Each side has 3 bedrooms and 1.5 bathrooms with downstairs having all tile floors for easy upkeep. There is a patio in back and balcony in the front of the upstairs bedroom. Shepard Ct. is conveniently located for easy access to the greater New Orleans area. Both sides are leased and is part of an amazing investment portfolio opportunity generating $259,000 annually. With rental increases and optimization of the corporate rentals, the portfolio's income could rise to approximately $512,000 annually. All future bookings will transfer with the sale, ensuring immediate income for the new owner. Each property has been meticulously renovated, offering a turnkey investment opportunity. Offered at $3.5 million, this portfolio represents a rare opportunity in a thriving market. Prospective buyers must sign a confidentiality agreement and provide proof of funds or bank approval. Although measurements are deemed reliable, they are approximate and not guaranteed by agent, broker, or seller and should be verified during due diligence. This profitable rental portfolio consisting of 2 doubles, 1 single family, 1 four-plex, and 3 fully furnished single family corporate rental properties. This listing also includes additional pictures of properties in the portfolio listed under MLS#2461660, MLS#2461661, MLS#2461161, MLS#2461658, and MLS#2461662, MLS#2461163.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Stories: 2
  • Living Area: 2,580 SqFt

Listing Office:

  • Office Name: WEICHERT, REALTORS - Prestige Homes
  • Office Phone: (504) 239-1549
  • Listing Agent: Darlene Plaia
  • Agent Phone: (504) 239-1549

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From General DeGaulle, turn on Shirley, make a left onto Mardi Gras, rt on Copernicus, lft on Farragut, rt on Shepard

Price Information

Listing Price Info

Price Summary:

  • List Price: $259,000
  • Price Per SqFt: $100/SqFt

Tax Information:

  • Annual Amount: $1,734
  • 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

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

3 Shepard Ct vs New Orleans

120 DAYS ON ROCKET

+44 Days

$259,000

-$68.6K Less

$100/SqFt

-$90 Less

KEY TAKEAWAY

This property is $68.6K less than the Median Sold Price and $90/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: #2461163

Listing Office:

  • Office Name: WEICHERT, REALTORS - Prestige Homes
  • Office Phone: (504) 239-1549
  • Listing Agent: Darlene Plaia
  • Agent Phone: (504) 239-1549

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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: 12/18/2024, 7:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 07, 2017Home Sold
$142,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,734$11,840
2019$1,881$12,430
2018$1,919$12,430
2017$1,832$12,430

History based on county public records data.

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$1,360

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$843

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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-4439781
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 0.85 miles

  • Public Charter Grades PK-5

school-card-donut-4439782
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 1.34 miles

  • Public District Grades PK-5

school-card-donut-4439783
7
/10

  • William Hart Elementary School

  • 2001 Hancock St

  • 1.54 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 $30,000. The most common annual income of people living in New Orleans, LA is less than $35k. Typical family type is single, no kids. 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 3 Shepard Ct

What is the listing price of this property?

The listing price of 3 Shepard Ct property is $259,000.

What type of property is this?

The property 3 Shepard Ct is a townhouse located in New Orleans, Louisiana, 70114.

Is this property for sale now?

Active Listing: 3 Shepard Ct 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 $1,734 (source: MLS/based on county public records data).

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

The last sale was on August 7, 2017 for $142,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3 Shepard Ct has 6 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 3 Shepard Ct is 2,580 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3 Shepard Ct is 1940.

Rocket Homes›Louisiana›Orleans County›New Orleans›70114›3 Shepard Ct

This home is located at 3 Shepard Ct in New Orleans, LA and zip code 70114 in the Algiers neighborhood. This 2,580 square foot home was built in 1940. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $259,000.

New Orleans, LA housing market in November 2024 saw over 29 listings sold above listed price, more than 41 sold at listed price and over 161 sold below. 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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