4 months on rocket

4517 Banks St, New Orleans, LA, 70119

$420,000

Home List Price

$4,988*

Closing Credit

4 Bedrooms
2 Full Baths
2,613 SqFt
$161/SqFt
Multi

Location

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4517 Banks St, New Orleans$420,000

Buyer Closing Credits

$4,988*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDriveway, Off Street, Two Spaces
Year Built1908
HeatingCentral, Dual System
CoolingCentral Air, Window Unit(s)
MLS #2457785
Lot Size0.08 Acres
StatusActive

About 4517 Banks St

Featured in THE WEEK MAGAZINE "STEAL OF THE WEEK" and "SIX STRIKING HOMES IN NEW ORLEANS. https://theweek.com/culture-life/property/striking-homes-new-orleans Welcome to 4517 Banks Street, a historic duplex in vibrant Mid-City, New Orleans. This charming property on a picturesque tree-lined street offers an exceptional blend of character and modern convenience, ideal for owner-occupancy with rental income potential. Enjoy proximity to local shops, renowned eateries, and the wider city. The upper unit spans 1,420 sq. ft. and features a covered porch/balcony perfect for rainy days, interconnected rooms with original wood floors, 12-foot ceilings, and abundant natural light. It includes a spacious dining room, a large kitchen, and a versatile bonus room suitable as a study or guest bedroom. The lower unit, measuring 1,193 sq. ft., showcases 7.6-foot ceilings, new flooring, and updated appliances. Both units offer stackable front-loading washers and dryers, access to a communal garden entertainment area, and parking for two cars. Additional storage space with air conditioning is available in the attached shed. An added benefit is the owner’s FHA low-interest mortgage rate @2.375, which qualified buyers can assume, offering potential financial advantages. Relish the combination of historic charm and modern amenities in a prime location. Walk to City Park, the streetcar line, Mid-City Yacht Club, Finn McCools, coffee shops, and restaurants. Don't miss the opportunity to own this unique property—schedule a showing today!

Property Details

Property Features

Property Information:

  • Year Built: 1908
  • Stories: 2
  • Living Area: 2,613 SqFt

Listing Office:

  • Office Name: Crescent Sotheby's International
  • Office Phone: (504) 944-3605
  • Listing Agent: Rachel Perkoff
  • Agent Phone: (504) 669-2287

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony, Fence, Porch, Patio

Parking Information:

  • Parking: Driveway, Off Street, Two Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Central, Dual System
  • Cooling: Central Air, Window Unit(s)

Other

Directions Information:

  • Directions: South Carrollton to Banks Street or Canal Street to S. Murat to Banks

Price Information

Listing Price Info

Price Summary:

  • List Price: $420,000
  • Price Per SqFt: $161/SqFt

Tax Information:

  • Annual Amount: $4,836
  • 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

4517 Banks St vs New Orleans

123 DAYS ON ROCKET

+51 Days

$420,000

+$94.6K More

$161/SqFt

-$28 Less

KEY TAKEAWAY

This property is $94.6K more than the Median Sold Price and $28/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: #2457785

Listing Office:

  • Office Name: Crescent Sotheby's International
  • Office Phone: (504) 944-3605
  • Listing Agent: Rachel Perkoff
  • Agent Phone: (504) 669-2287

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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, 1:20:48 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

Sep 29, 2020Home Sold
$355,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,836$31,920
2019$4,881$30,990
2018$4,995$30,990
2017$3,307$20,980

History based on county public records data.

Payment Calculator

$2,164

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,326

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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-80422
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 1.21 miles

  • Public Magnet Grades PK-5

school-card-donut-80423
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 2.26 miles

  • Public Charter Grades KG-5

school-card-donut-80424
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 2.96 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 $59,643. Most New Orleans, LA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70119›4517 Banks St

This home is located at 4517 Banks St in New Orleans, LA and zip code 70119 in the Mid City neighborhood. This 2,613 square foot home, which was built in 1908, sits on a 0.08 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 13, 2024 and is currently priced at $420,000.

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. The number of homes for sale 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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