21 days 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

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5518 Lafaye St, New Orleans$139,000

Buyer Closing Credits

$1,651*

1.25% Loan Amount

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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
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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

5518 Lafaye St vs New Orleans

21 DAYS ON ROCKET

-51 Days

$139,000

-$186.3K Less

$130/SqFt

-$59 Less

KEY TAKEAWAY

This property is $186.3K less than the Median Sold Price and $59/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

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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: 11/15/2024, 3:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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

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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-406615
3
/10

  • Audubon Charter School - Gentilly

  • 4720 Painters St

  • 0.56 miles

  • Public Charter Grades PK-4

school-card-donut-406616
4
/10

  • Kipp East Community

  • 6519 Virgilian St

  • 2.01 miles

  • Public Charter Grades PK-6

school-card-donut-406617
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. Typical income of New Orleans, LA residents is between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

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.

New Orleans, LA housing market in October 2024 saw over 20 listings sold above listed price, more than 35 sold at listed price and over 146 sold below. In October 2024 in New Orleans, LA there were 12.1% more homes for sale than in September 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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