7 months on rocket

940 Louisiana Ave, New Orleans, LA, 70115

$500,000

Home List Price

$5,938*

Closing Credit

4 Bedrooms
3 Full Baths
2,750 SqFt
$182/SqFt
House

Location

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940 Louisiana Ave, New Orleans$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingNone
Year Built1923
HeatingDuctless, Other, Wall Furnace
CoolingDuctless, Wall Unit(s), Window Unit(s)
FireplaceNone
MLS #2442327
StatusActive

About 940 Louisiana Ave

Tremendous renovation opportunity located just one block to one of the best stretches of Magazine St! Prime corner location, this charming former corner store has endless possibilities! Currently used as a tri-plex but can be converted to a stunning single-family home with income or keep as an investment property. Property is being sold as is with no repairs by the seller.

Property Details

Property Features

Property Information:

  • Architectural Style: Victorian
  • Year Built: 1923
  • Stories: 2
  • Living Area: 2,750 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY-NEW ORLEANS
  • Office Phone: (504) 862-0100
  • Listing Agent: Terrence Davis
  • Agent Phone: (504) 450-9003

Interior Features

Interior Information:

  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot

Utilities

Utilities Information:

  • Heating: Ductless, Other, Wall Furnace
  • Cooling: Ductless, Wall Unit(s), Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $182/SqFt

Tax Information:

  • Annual Amount: $2,852
  • 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

940 Louisiana Ave vs New Orleans

229 DAYS ON ROCKET

+153 Days

$500,000

+$172.3K More

$182/SqFt

-$8 Less

KEY TAKEAWAY

This property is $172.3K more than the Median Sold Price and $8/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: #2442327

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY-NEW ORLEANS
  • Office Phone: (504) 862-0100
  • Listing Agent: Terrence Davis
  • Agent Phone: (504) 450-9003

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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, 12:20:54 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

May 27, 2005Home Sold
$315,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,852$26,450
2019$2,960$26,450
2018$4,075$26,450
2017$2,866$26,450

History based on county public records data.

Payment Calculator

$2,563

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-4522048
10
/10

  • Gretna No. 2 Academy for Advanced Studies

  • 701 Amelia St

  • 1.87 miles

  • Public Magnet Grades PK-5

school-card-donut-4522049
7
/10

  • Bonella A. St. Ville Elementary School

  • 1121 Pailet Ave

  • 2.01 miles

  • Public District Grades PK-5

school-card-donut-4522050
2
/10

  • McDonogh No.26 Elementary School

  • 1200 Jefferson St

  • 2.16 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 $63,306. The majority of New Orleans, LA residents have income between $35k-100k annually. The most common type of family is 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 940 Louisiana Ave

What is the listing price of this property?

The listing price of 940 Louisiana Ave property is $500,000.

What type of property is this?

The property 940 Louisiana Ave is a house located in New Orleans, Louisiana, 70115.

Is this property for sale now?

Active Listing: 940 Louisiana Ave 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 $2,852 (source: MLS/based on county public records data).

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

The last sale was on May 27, 2005 for $315,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 940 Louisiana Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 940 Louisiana Ave is 2,750 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 940 Louisiana Ave is 1923.

Rocket Homes›Louisiana›Orleans County›New Orleans›70115›940 Louisiana Ave

This home is located at 940 Louisiana Ave in New Orleans, LA and zip code 70115 in the East Riverside neighborhood. This 2,750 square foot home was built in 1923. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 03, 2024 and is currently priced at $500,000.

In November 2024 more than 29 listings in New Orleans, LA were sold above the asking price. During the same period more than 41 listings were sold at asking price, while more than 161 were sold below. The number of listings 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.

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