9 months on rocket

728 Desire St, New Orleans, LA, 70117

$1,125,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Full Baths, 2 Partial
4,480 SqFt
$251/SqFt
Condo

Location

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728 Desire St, New Orleans$1,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street, Three or more Spaces
Year Built2019
HeatingCentral
CoolingCentral Air
MLS #2434988
Lot Size0.19 Acres
StatusActive

About 728 Desire St

New Price! Great opportunity to purchase a high occupancy multi-family asset in the Bywater Neighborhood in New Orleans. The improvements consist of 4,495 SF of rentable space, with a total of 6 apartments with off-street parking. The building is well maintained and has stabilized in-place cash flow. The location and proximity to the surrounding neighborhoods and the direct proximity of multiple retailers, schools, and places of work provide stability and rent appreciation.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2019
  • Stories: 1
  • Living Area: 4,480 SqFt

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Phillipa Bowers
  • Agent Phone: (504) 884-3893

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 6

Exterior Features

Parking Information:

  • Parking: Off Street, Three or more Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,125,000
  • Price Per SqFt: $251/SqFt

Tax Information:

  • Annual Amount: $11,761
  • 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

$327.6K

Med. Price/SqFt

$189

Avg. Days On Market

76

# of Sold Homes

231

728 Desire St vs New Orleans

298 DAYS ON ROCKET

+222 Days

$1,125,000

+$797.3K More

$251/SqFt

+$61 More

KEY TAKEAWAY

This property is $797.3K more than the Median Sold Price and $61/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: #2434988

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: Phillipa Bowers
  • Agent Phone: (504) 884-3893

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: 12/18/2024, 1:20:53 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

Jul 11, 2018Home Sold
$775,000

Tax History

YEARPROP. TAXASSESSMENT
2020$11,761$80,900
2019$5,408$35,800
2018$5,516$35,800
2017$5,267$35,800

History based on county public records data.

Payment Calculator

$5,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,439

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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-4546198
6
/10

  • Elan Academy Charter School

  • 709 Park Blvd

  • 1.67 miles

  • Public Charter Grades PK-5

school-card-donut-4546199
8
/10

  • Arabi Elementary School

  • 7200 Alexander Ave

  • 2.58 miles

  • Public District Grades PK-5

school-card-donut-4546200
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.63 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 $48,664. Typical income of New Orleans, LA residents is 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 728 Desire St

What is the listing price of this property?

The listing price of 728 Desire St property is $1,125,000.

What type of property is this?

The property 728 Desire St is a condo located in New Orleans, Louisiana, 70117.

Is this property for sale now?

Active Listing: 728 Desire 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 $11,761 (source: MLS/based on county public records data).

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

The last sale was on July 11, 2018 for $775,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 728 Desire St has 6 bedrooms and 6 full and 2 half bathrooms.

What is the square footage of this property?

The property 728 Desire St is 4,480 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 728 Desire St is 2019.

Rocket Homes›Louisiana›Orleans County›New Orleans›70117›728 Desire St

This home is located at 728 Desire St in New Orleans, LA and zip code 70117 in the Bywater neighborhood. This 4,480 square foot home, which was built in 2019, sits on a 0.19 acre lot. Features: 6 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $1,125,000.

While more than 29 listings in New Orleans, LA in November 2024 were sold above asking price, there were more than 41 listings sold at asking price, and more than 161 were sold below. The inventory of homes for sale in New Orleans, LA between October 2024 and November 2024 increased by 6.2%. While the average time on the market in November 2024 was 76 days, the median list price was $327,611.

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

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