3 months on rocket

4623 Laine Ave, New Orleans, LA, 70126

$375,000

Home List Price

$4,453*

Closing Credit

12 Bedrooms
4 Full Baths
6,400 SqFt
$59/SqFt
House

Location

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4623 Laine Ave, New Orleans$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingParking Lot
Year Built1954
HeatingCentral
CoolingCentral Air
MLS #2461001
Lot Size0.43 Acres
StatusActive

About 4623 Laine Ave

Quiet & Private Boarding House with Versatile Potential Discover a unique opportunity with this 12-bedroom boarding house, offering a serene and private environment. This property features: 12 bedrooms in two residence halls, one on each level Two kitchens (one large, one small) Several common areas for relaxation & activities; A charming Screen room, and 2 large Multi-Activity Rooms, for dining, assembly, living, game room, classroom/office, etc An enclosed yard (garden) Ample parking on a large lot All rooms are typically occupied, generating a steady income. This property is well suited for those looking to: Continue the current boarding house operation, Improve/update the facilities for new uses such as a Bed & Breakfast, Home Care Facility, Assisted Living, Day Care, Place of Worship, and/or many other possibilities. The property is Zoned S-RD, offering flexibility for various potential uses. Room measurements only estimations. 1 or 2 rooms likely available for Showing Time viewings (July/Aug 2024).

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1954
  • Stories: 2
  • Living Area: 6,400 SqFt

Listing Office:

  • Office Name: Paul Gilmore & Associates, Inc.
  • Office Phone: (504) 456-1234
  • Listing Agent: Paul Gilmore
  • Agent Phone: (504) 266-3277

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: Parking Lot

Lot Features

Lot Information:

  • Lot: City Lot, Oversized Lot
  • Lot Size: 0.43 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $59/SqFt

Tax Information:

  • Annual Amount: $5,104
  • Tax Year: 2019
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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

4623 Laine Ave vs New Orleans

100 DAYS ON ROCKET

+28 Days

$375,000

+$49.6K More

$59/SqFt

-$130 Less

KEY TAKEAWAY

This property is $49.6K more than the Median Sold Price and $130/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: #2461001

Listing Office:

  • Office Name: Paul Gilmore & Associates, Inc.
  • Office Phone: (504) 456-1234
  • Listing Agent: Paul Gilmore
  • Agent Phone: (504) 266-3277

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

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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: 11/21/2024, 1:20:50 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

Mar 19, 2021Home Sold
$80,625
Feb 05, 2019Home Sold
$144,000

Tax History

YEARPROP. TAXASSESSMENT
2020 - $34,270
2019$5,104$33,790
2018$5,206$33,790
2017$4,971$33,790

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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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-312838
4
/10

  • Kipp East Community

  • 6519 Virgilian St

  • 1.58 miles

  • Public Charter Grades PK-6

school-card-donut-312839
6
/10

  • Einstein Charter at Sherwood Forest

  • 4801 Maid Marion Dr

  • 2.17 miles

  • Public Charter Grades PK-5

school-card-donut-312840
3
/10

  • Audubon Charter School - Gentilly

  • 4720 Painters St

  • 3.83 miles

  • Public Charter Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,581. The majority of New Orleans, LA residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4623 Laine Ave

What is the listing price of this property?

The listing price of 4623 Laine Ave property is $375,000.

What type of property is this?

The property 4623 Laine Ave is a house located in New Orleans, Louisiana, 70126.

Is this property for sale now?

Active Listing: 4623 Laine Ave 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 2019 is $5,104 (source: MLS/based on county public records data).

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

The last sale was on March 19, 2021 for $80,625. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 4623 Laine Ave has 12 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 4623 Laine Ave is 6,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4623 Laine Ave is 1954.

Rocket Homes›Louisiana›Orleans County›New Orleans›70126›4623 Laine Ave

This home is located at 4623 Laine Ave in New Orleans, LA and zip code 70126 in the Plum Orchard neighborhood. This 6,400 square foot home, which was built in 1954, sits on a 0.43 acre lot. Features: 12 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 13, 2024 and is currently priced at $375,000.

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. 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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