4 months on rocket

8307-8311 Colapissa St, New Orleans, LA, 70118

$245,000

0.31 Acres
$18/SqFt
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeOther
MLS #2454789
Lot Size0.31 Acres
StatusActive

About 8307-8311 Colapissa St

Prime Investment Opportunity! Welcome to 8307 and 8311 Colapissa, two unique lots approved for the construction of two separate, 4-plex units (basically approved for an 8-plex!!!). This property offers an excellent development opportunity with city-approved zoning variances and state fire marshal approval already in place. The hardest part of the development has been accomplished! This double lot comes with architectural plans and city permits, ensuring a smooth transition to development. These thoughtfully designed plans feature a few ADA-compliant units, off-street parking with gated entry, and a proposed key fob gated entrance for tenant security and convenience. This property is conveniently situated on Earhart Boulevard, just a few blocks from Grove Place which is one of the City's newest housing communities. Close proximity to other local amenities. Lots are in Flood X Zone! Don’t miss out on this rare opportunity to invest in a prime location with all the groundwork already laid out.

Property Details

Property Features

Property Information:

  • Living Area: 13,342 SqFt

Listing Office:

  • Office Name: Realty One Group Immobilia
  • Office Phone: (504) 405-3211
  • Listing Agent: Catrina Coleman
  • Agent Phone: (202) 957-2478

Exterior Features

Exterior Information:

  • Exterior: Fence

Lot Features

Lot Information:

  • Lot: City Lot, Irregular Lot, Oversized Lot, Split Possible
  • Lot Size: 0.31 Acres

Other

Directions Information:

  • Directions: Take I-10 W to S. Carrolton Ave., Take a RIGHT onto Earhart Blvd, then slight RIGHT onto Colapissa Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000
  • Price Per SqFt: $18/SqFt
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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

8307-8311 Colapissa St vs New Orleans

148 DAYS ON ROCKET

+76 Days

$245,000

-$80.3K Less

$18/SqFt

-$171 Less

KEY TAKEAWAY

This property is $80.3K less than the Median Sold Price and $171/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: #2454789

Listing Office:

  • Office Name: Realty One Group Immobilia
  • Office Phone: (504) 405-3211
  • Listing Agent: Catrina Coleman
  • Agent Phone: (202) 957-2478

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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: 11/18/2024, 1:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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-617316
1
/10

  • Noble Minds

  • 1333 S Carrollton Ave

  • 1.24 miles

  • Public Charter Grades KG-5

school-card-donut-617317
10
/10

  • Metairie Academy for Advanced Studies

  • 201 Metairie Rd

  • 2.00 miles

  • Public Magnet Grades PK-5

school-card-donut-617318
4
/10

  • Joshua Butler Elementary School

  • 300 Fourth St

  • 3.90 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 $24,904. Most New Orleans, LA residents have annual incomes less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 8307-8311 Colapissa St

What is the listing price of this property?

The listing price of 8307-8311 Colapissa St property is $245,000.

What type of property is this?

The property 8307-8311 Colapissa St is land located in New Orleans, Louisiana, 70118.

Is this property for sale now?

Active Listing: 8307-8311 Colapissa St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 8307-8311 Colapissa St is 0.31 acres.
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Rocket Homes›Louisiana›Orleans County›New Orleans›70118›8307-8311 Colapissa St

This home is located at 8307-8311 Colapissa St in New Orleans, LA and zip code 70118 in the Fontainbleau / Marlyville neighborhood. This 13,342 square foot home sits on a 0.31 acre lot. It has been listed on Rocket Homes since June 22, 2024 and is currently priced at $245,000.

Over 20 listings were sold over their listed price in October 2024 in New Orleans, LA. In the same period over 146 listings were sold below the listed price and 35 listings were sold for the listed price. Between September 2024 and October 2024, New Orleans, LA real estate market has seen increase in the number of listings by 12.1%. In October 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $325,365.

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

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