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1518 Orpheum Avenue

1518 Orpheum Avenue, Metairie, LA 70005
Property in Jefferson
Sold Jul 21, 2020
$280,000
$266,000 by Fbt Mortgage Llc
Mortgage Due Jul 21, 2050
This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. In total, the area measurement of the land is 3,000 square feet.

Learn more about the property and building on this page. 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, 1518 Orpheum Avenue sold most recently in Jul 20, 2020 for a total of $280,000. 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 $2,623 in taxes each year. 1518 Orpheum Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $27,440. If we break it down further, the land itself was valued at $4,200. Improvements to the property, however, were assessed at a total of $23,240. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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

  • Bedroom Count: 0
  • Building Style: Townhouse
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,000
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: METAIRIEVILLE SQS
  • Land Acres: 0.069
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LOT 150-F SQ 105 METAIRIEVILLE

Ownership

  • Current Owner : GIBSON JENNIFER WEBER
  • Current Owner 2: GIBSON SCOTT M
  • Previous Owner : GOTHARD EDWARD P
  • Previous Owner 2: GOTHARD SANDER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson Parish School District
  • Census Tract: 028700

Zoning

  • Zoning: R3

Geography

  • District: 82
  • Parcel: 0-82-0046099
  • Block: 105
  • Lot: 150F
  • Municipality: AIRLINE HWY TO LK
  • Latitude: 30.0136
  • Longitude: -90.1227

    Address

  • Full Address: 1518 Orpheum Ave
  • Address - House Number: 1518
  • Address - Street Name: Orpheum
  • Address - Suffix Type: Ave
  • State: LA
  • City Name: Metairie
  • Carrier Code: C030
  • 4-Digit Zip Code: 1438
  • Zip Code: 70005

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,623
  • Tax Rate Code Area: 82-AIRLINE

    Appraisal Valuation

  • Standard Deviation: 0.2531
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 64
  • Final Value: 390,191
  • High Value: 488,950
  • Low Value: 291,432

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $266,000
  • First Open Lien Mortgage Lender: FBT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jul 21, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $266,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 21, 2050

    Market Valuation

  • Market Total Value: $274,400
  • Market Land Value: $42,000
  • Market Improvement Value: $232,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $27,440
  • Assessed Land Value: $4,200
  • Assessed Improvements Value: $23,240

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 20, 2020
  • Current Sale Recording Date: Jul 21, 2020
  • Current Sale Transaction ID: 11776624678
  • Current Sale Price: $280,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 12033102

    Last Sale Mortgage

  • First Mortgage Lender: FBT MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 21, 2020
  • First Mortgage Loan Amount: $266,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1518 Orpheum Avenue located in?
The 1518 Orpheum Avenue is a located in the neighborhood of Jefferson in Metairie, Metairie.
What is the average sales price for listings in 1518 Orpheum Avenue?
The average sales price for units in 1518 Orpheum Avenue is $0 currently.

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