7 months on rocket

3037 Royal St, New Orleans, LA, 70117

$1,295,000

Home List Price

$10,000*

Closing Credit

7 Bedrooms
4 Full Baths, 7 Partial
12,500 SqFt
$104/SqFt
Condo

Location

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3037 Royal St, New Orleans$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingDriveway, Off Street
Year Built1920
HeatingCentral
CoolingCentral Air
MLS #2446879
StatusActive

About 3037 Royal St

Reduced! Motivated Seller! 3037 Royal Street presents a unique opportunity with 4 apartment units and over 10,000 square feet of office space available for sale. All apartments are currently leased, and all have been recently renovated. The rear commercial space is partially owner-occupied but will be delivered vacant at act of sale. It currently features 14 private office spaces, a large boardroom, a full kitchen area, commercial laundry facilities, approximately 800 square feet of double-height warehouse space, and several larger open office areas. With tax credits available for renovation, this fully sprinklered property is ideal for an office user seeking space with additional income from the apartments, or an investor looking for stable returns in a prime location from a long term lease or from coworking space. The RDO-1 overlay permits a variety of commercial uses, including office, retail, restaurant, gallery, and medical. Located close to Bywater favorites like Petite Clouet, Bywater Brew Pub, BABS, Satsuma, Pizza Delicious, and many more.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1920
  • Stories: 2
  • Living Area: 12,500 SqFt

Listing Office:

  • Office Name: Ben & Burka
  • Office Phone: (504) 301-1002
  • Listing Agent: Aaron Kazanoff

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 7
  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000
  • Price Per SqFt: $104/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

3037 Royal St vs New Orleans

226 DAYS ON ROCKET

+150 Days

$1,295,000

+$967.3K More

$104/SqFt

-$86 Less

KEY TAKEAWAY

This property is $967.3K more than the Median Sold Price and $86/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: #2446879

Listing Office:

  • Office Name: Ben & Burka
  • Office Phone: (504) 301-1002
  • Listing Agent: Aaron Kazanoff

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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, 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

Tax History

YEARPROP. TAXASSESSMENT
2020 - $112,090
2019 - $112,090
2018 - $112,090
2017 - $112,090

History based on county public records data.

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$6,531

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,949

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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-4536164
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.68 miles

  • Public Charter Grades PK-5

school-card-donut-4536165
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.61 miles

  • Public District Grades PK-5

school-card-donut-4536166
8
/10

  • Arabi Elementary School

  • 7200 Alexander Ave

  • 2.88 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 $29,811. Most New Orleans, LA residents have annual incomes less than $35k. Most families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3037 Royal St

What is the listing price of this property?

The listing price of 3037 Royal St property is $1,295,000.

What type of property is this?

The property 3037 Royal St is a condo located in New Orleans, Louisiana, 70117.

Is this property for sale now?

Active Listing: 3037 Royal St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 3037 Royal St has 7 bedrooms and 4 full and 7 half bathrooms.

What is the square footage of this property?

The property 3037 Royal St is 12,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3037 Royal St is 1920.

Rocket Homes›Louisiana›Orleans County›New Orleans›70117›3037 Royal St

This home is located at 3037 Royal St in New Orleans, LA and zip code 70117 in the Bywater neighborhood. This 12,500 square foot home was built in 1920. Features: 7 bedrooms, 11 bathrooms. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $1,295,000.

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. Between October 2024 and November 2024, New Orleans, LA real estate market has seen increase in the number of listings by 6.2%. While the average time on the market in November 2024 was 76 days, the median list price was $327,611.

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

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