6 months on rocket

5000 Magazine St, New Orleans, LA, 70115

$1,000,000

0.10 Acres
$238/SqFt
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #2439864
Lot Size0.10 Acres
StatusActive

About 5000 Magazine St

Situated at the corner of Magazine and Robert Streets, this expansive vacant lot enjoys maximum visibility and accessibility in the busy Uptown neighborhood. Zoned HU-B1, this property offers development potential for a variety of commercial, mixed-use, and residential development opportunities. Numerous local restaurants, retailers and schools are in close proximity, including Tito’s Ceviche & Pisco, Pizza Domenica, St. Katharine Drexel Preparatory School, etc. The lot allows for a three-story building of 40’ with no off-street parking required. Buyer to verify permitted use.

Property Details

Property Features

Property Information:

  • Living Area: 4,200 SqFt

Listing Office:

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

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot
  • Lot Size: 0.10 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000
  • Price Per SqFt: $238/SqFt

Tax Information:

  • Annual Amount: $2,137
  • 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

5000 Magazine St vs New Orleans

203 DAYS ON ROCKET

+131 Days

$1,000,000

+$674.6K More

$238/SqFt

+$49 More

KEY TAKEAWAY

This property is $674.6K more than the Median Sold Price and $49/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: #2439864

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: 11/22/2024, 2:20:49 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$2,137$14,700
2019$2,220$14,700
2018$2,265$14,700
2017$2,163$14,700

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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NMLS#3030

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-636628
7
/10

  • Judge Lionel R. Collins Elementary School

  • 500 Pine St

  • 1.69 miles

  • Public District Grades PK-5

school-card-donut-636629
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 2.22 miles

  • Public Charter Grades KG-5

school-card-donut-636630
3
/10

  • Isaac G. Joseph Elementary School

  • 537 Avenue D

  • 2.22 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 $82,500. The most common annual income of people living in New Orleans, LA is between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5000 Magazine St

What is the listing price of this property?

The listing price of 5000 Magazine St property is $1,000,000.

What type of property is this?

The property 5000 Magazine St is land located in New Orleans, Louisiana, 70115.

Is this property for sale now?

Active Listing: 5000 Magazine St 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 2020 is $2,137 (source: MLS/based on county public records data).

How much acreage is this property?

The property 5000 Magazine St is 0.10 acres.
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Rocket Homes›Louisiana›Orleans County›New Orleans›70115›5000 Magazine St

This home is located at 5000 Magazine St in New Orleans, LA and zip code 70115 in the Uptown / Carrollton neighborhood. This 4,200 square foot home sits on a 0.10 acre lot. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $1,000,000.

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. The median list price of listings available in October 2024 was $325,365, while the average time on the real estate market was 72 days.

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

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