1 month on rocket

5518 Lafaye St, New Orleans, LA, 70122

$139,000

Home List Price

$1,651*

Closing Credit

3 Bedrooms
1 Full Bath
1,067 SqFt
$130/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

5518 Lafaye St, New Orleans$139,000

Buyer Closing Credits

$1,651*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOff Street
Year Built1948
HeatingCentral
CoolingCentral Air, Single Unit
FireplaceNone
MLS #2473143
Lot Size0.14 Acres
StatusActive

About 5518 Lafaye St

COME BE A TAKER ON THIS MONEY MAKER! Discover the potential in this charming 3-bedroom, 1-bath home! With convenient rear yard access, a spacious storage shed, and an in-house laundry area, this property offers plenty of practical perks. Currently bringing in over $1,200 per month through HANO, it's a great investment opportunity. Plus, the long-term tenant loves living here and is eager to stay. Add this property to your portfolio today—it’s attractively priced to reflect its current condition and potential for the future!

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1948
  • Stories: 1
  • Living Area: 1,067 SqFt

Listing Office:

  • Office Name: XLV Realty LLC
  • Office Phone: (504) 399-4545
  • Listing Agent: Lloyd Clark
  • Agent Phone: (504) 289-2775

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Fence, Porch

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air, Single Unit

Other

Directions Information:

  • Directions: From I-10 head North on Franklin right on Odin, Left on Lafaye and home will be on Left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $139,000
  • Price Per SqFt: $130/SqFt

Tax Information:

  • Annual Amount: $1,305
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in New Orleans, LA.

Map thumbnail provided by MapBox

New Orleans, LA

City

Med. Sold Price

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

5518 Lafaye St vs New Orleans

55 DAYS ON ROCKET

-21 Days

$139,000

-$188.6K Less

$130/SqFt

-$60 Less

KEY TAKEAWAY

This property is $188.6K less than the Median Sold Price and $60/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: #2473143

Listing Office:

  • Office Name: XLV Realty LLC
  • Office Phone: (504) 399-4545
  • Listing Agent: Lloyd Clark
  • Agent Phone: (504) 289-2775

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.

The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.

By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 6:20:54 AM 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$1,305$7,600
2019$1,793$10,550
2018$1,826$10,550
2017$1,552$10,550

History based on county public records data.

Payment Calculator

$761

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$483

Powered By

Rocket Mortgage

Advertisement

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-4434918
3
/10

  • Audubon Charter School - Gentilly

  • 4720 Painters St

  • 0.56 miles

  • Public Charter Grades PK-4

school-card-donut-4434919
4
/10

  • Kipp East Community

  • 6519 Virgilian St

  • 2.01 miles

  • Public Charter Grades PK-6

school-card-donut-4434920
7
/10

  • Marie Riviere Elementary School

  • 1564 Lake Ave

  • 4.46 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 $41,000. The majority of New Orleans, LA residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5518 Lafaye St

What is the listing price of this property?

The listing price of 5518 Lafaye St property is $139,000.

What type of property is this?

The property 5518 Lafaye St is a house located in New Orleans, Louisiana, 70122.

Is this property for sale now?

Active Listing: 5518 Lafaye 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 $1,305 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5518 Lafaye St has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5518 Lafaye St is 1,067 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5518 Lafaye St is 1948.

Rocket Homes›Louisiana›Orleans County›New Orleans›70122›5518 Lafaye St

This home is located at 5518 Lafaye St in New Orleans, LA and zip code 70122 in the Gentilly neighborhood. This 1,067 square foot home, which was built in 1948, sits on a 0.14 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $139,000.

In November 2024, from all listings sold in New Orleans, LA there were more than 29 sold above asking price, over 161 sold below and more than 41 were sold right at the asked price. The number of homes for sale in New Orleans, LA increased by 6.2% between October 2024 and November 2024. The median list price of listings available in November 2024 was $327,611, while the average time on the real estate market was 76 days.

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

More Resources