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1352 Magazine Street

1352 Magazine Street, New Orleans, LA 70130
Sold May 11, 2021
$706,000
$706,000 by Fidelity Bank
Mortgage Due May 11, 2051
Sold Jul 12, 2016
$685,000
1352 Magazine Street has been categorized by the local assessors in New Orleans, LA as a residential type of property. The building on the property was first built in 1920 and is 104 years old. The home has a total of 13 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1352 Magazine Street has 2,296 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,080 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a triplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1352 Magazine Street sold most recently in May 10, 2021 for a total of $706,000. If you work out the math, that's approximately a cost of $193.96 per sqft. Before that, the property was also sold for $685,000 in Jul 8, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $8,341 in taxes each year. 1352 Magazine Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $61,650. If we break it down further, the land itself was valued at $14,280. Improvements to the property, however, were assessed at a total of $47,370. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Total Rooms: 13
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Triplex
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,080
  • Total Building Area: 3,640
  • Gross Building Area: 3,640
  • Building Area: 3,640
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,296
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.094
  • Standard Land Use Code: Triplex (3 units, any combination)
  • County Land Use Code: Structures (general)
  • Legal Description 1: SQ 142 LOT 3 OR 23 MAGAZINE 31 11X127 10 DOUBLE 2/STYFR AME COTTAGE (1352-54 MAGAZIN E) M/A CHANG 4/5/04 M/A CHANGE 1/23/06

Ownership

  • Current Owner : BHATIA AJAY KAMAL
  • Previous Owner : ATLAN HOUSE LLC
  • Owner Before Previous Owner: HEARST BENJAMIN A

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 007700

Geography

  • District: 1-1 WARD
  • Parcel: 101104022
  • Block: 142
  • Lot: 3
  • Municipality: DISTRICT 1
  • Latitude: 29.9369
  • Longitude: -90.0714

    Address

  • Full Address: 1352 Magazine St
  • Address - House Number: 1352
  • Address - Street Name: Magazine
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C033
  • 4-Digit Zip Code: 4241
  • Zip Code: 70130

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $8,341

    Appraisal Valuation

  • Standard Deviation: 0.237
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 66
  • Final Value: 772,573
  • High Value: 955,689
  • Low Value: 589,457

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $706,000
  • First Open Lien Mortgage Lender: FIDELITY BANK
  • First Open Lien Mortgage Recording Date: May 11, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $706,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: May 11, 2051

    Market Valuation

  • Market Total Value: $616,500
  • Market Land Value: $142,800
  • Market Improvement Value: $473,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $61,650
  • Assessed Land Value: $14,280
  • Assessed Improvements Value: $47,370

    Sales

  • Current Sale Contract Date: May 10, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Transaction ID: 11836078801
  • Current Sale Price: $706,000
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 202120367
  • Previous Sale Recording Date: Jul 12, 2016
  • Previous Sale Contract Date: Jul 08, 2016
  • Previous Sale Amount: $685,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIDELITY BANK
  • First Mortgage Transaction Date: May 11, 2021
  • First Mortgage Loan Amount: $706,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 1352 Magazine Street located in?
The 1352 Magazine Street is a located in the neighborhood of Lower Garden District in Central City - Garden, New Orleans.
What is the average sales price for listings in 1352 Magazine Street?
The average sales price for units in 1352 Magazine Street is $0 currently.

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