3 months on rocket

3702 Monroe St, New Orleans, LA, 70118

$255,000

Home List Price

$3,028*

Closing Credit

5 Bedrooms
2 Full Baths
2,232 SqFt
$114/SqFt
Multi

Location

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3702 Monroe St, New Orleans$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1950
HeatingCentral
CoolingCentral Air
MLS #2458422
Lot Size0.11 Acres
StatusActive

About 3702 Monroe St

Perfect addition to any portfolio or awesome starter home for an owner occupant. Cash flows well and would be an awesome recently renovated. This turnkey property is has potential rent of $1331 for the 2 bedroom unit and $1716 for the 3 bedroom unit by Hano’s 2023 Payment Standards. Schedule your private showing today.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1950
  • Stories: 1
  • Living Area: 2,232 SqFt

Listing Office:

  • Office Name: NOLA Property Collective, LLC
  • Office Phone: (504) 940-4752
  • Listing Agent: Meghan Mercadel
  • Agent Phone: (504) 940-4752

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $2,035
  • 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

3702 Monroe St vs New Orleans

115 DAYS ON ROCKET

+43 Days

$255,000

-$70.3K Less

$114/SqFt

-$75 Less

KEY TAKEAWAY

This property is $70.3K less than the Median Sold Price and $75/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: #2458422

Listing Office:

  • Office Name: NOLA Property Collective, LLC
  • Office Phone: (504) 940-4752
  • Listing Agent: Meghan Mercadel
  • Agent Phone: (504) 940-4752

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Last updated on: 11/14/2024, 12:20:51 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

May 30, 2008Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,035$14,000
2019$1,421$9,410
2018$1,450$9,410
2017$1,384$9,410

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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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-150297
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 1.00 miles

  • Public Magnet Grades PK-5

school-card-donut-150298
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 1.70 miles

  • Public Charter Grades KG-5

school-card-donut-150299
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 3.19 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 $30,952. Residents of New Orleans, LA typically earn less than $35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›3702 Monroe St

This home is located at 3702 Monroe St in New Orleans, LA and zip code 70118 in the Holly Grove neighborhood. This 2,232 square foot home, which was built in 1950, sits on a 0.11 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $255,000.

In October 2024, from all listings sold in New Orleans, LA there were more than 20 sold above asking price, over 146 sold below and more than 35 were sold right at the asked price. In October 2024 in New Orleans, LA there were 12.1% more homes for sale than in September 2024. In October 2024 median list price was $325,365 and the average listing age was 72 days.

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

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