3 months on rocket

3445 Magnolia St, New Orleans, LA, 70115

$725,000

Home List Price

$8,609*

Closing Credit

7 Bedrooms
4 Full Baths
3,200 SqFt
$227/SqFt
Multi

Location

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3445 Magnolia St, New Orleans$725,000

Buyer Closing Credits

$8,609*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingNone
Year Built1939
HeatingCentral
CoolingCentral Air
MLS #2457868
Lot Size0.04 Acres
StatusActive

About 3445 Magnolia St

Beautifully remodeled Multi-unit home located in the Ferret/ Central City neighborhood. In 2015, the property was taken down to the studs and completely rebuilt. The building features a very large, fully furnished three- bedroom apartment on the ground level and two smaller two-bedroom apartments on the second floor. The two top units currently have long-term tenants, generating a monthly income of $2,900, with the potential to increase. The bottom unit was recently used as an airbnb, offering the new owners the unique opportunity to continue this arrangement as it is the only Airbnb on the block! The airbnb unit can generate up to $7,000 per month, if not more, in rental income. Start generating income before the holidays!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1939
  • Stories: 2
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: LATTER & BLUM (LATT28)
  • Office Phone: (504) 861-7575
  • Listing Agent: Grace Saragusa
  • Agent Phone: (985) 264-7335

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 7

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Irregular Lot
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $725,000
  • Price Per SqFt: $227/SqFt

Tax Information:

  • Annual Amount: $3,271
  • 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

3445 Magnolia St vs New Orleans

114 DAYS ON ROCKET

+42 Days

$725,000

+$399.6K More

$227/SqFt

+$38 More

KEY TAKEAWAY

This property is $399.6K more than the Median Sold Price and $38/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: #2457868

Listing Office:

  • Office Name: LATTER & BLUM (LATT28)
  • Office Phone: (504) 861-7575
  • Listing Agent: Grace Saragusa
  • Agent Phone: (985) 264-7335

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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: 11/14/2024, 11:20:59 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

Feb 22, 2019Home Sold
$250,000
Oct 17, 2014Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,271$22,500
2019$1,009$6,680
2018$1,029$6,680
2017$983$6,680

History based on county public records data.

Payment Calculator

$3,686

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,240

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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-334154
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 1.97 miles

  • Public Charter Grades KG-5

school-card-donut-334155
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.78 miles

  • Public District Grades PK-5

school-card-donut-334156
10
/10

  • Gretna No. 2 Academy for Advanced Studies

  • 701 Amelia St

  • 2.81 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 $12,622. Typical income of New Orleans, LA residents is less than $35k annually. Residents typically live in single, no kids family. 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›70115›3445 Magnolia St

This home is located at 3445 Magnolia St in New Orleans, LA and zip code 70115 in the Milan neighborhood. This 3,200 square foot home, which was built in 1939, sits on a 0.04 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 23, 2024 and is currently priced at $725,000.

In October 2024 more than 20 listings in New Orleans, LA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 146 were sold below. The number of listings in New Orleans, LA increased by 12.1% between September 2024 and October 2024. Listings spent 72 days on the market in October 2024, and had a median list price of $325,365 during the same period.

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

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