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2709 Magnolia Street

2709 Magnolia Street, New Orleans, LA 70113
Multifamily in Central City
Sold Dec 01, 2020
$355,000
$348,570 by Flagstar Bank Fsb
Mortgage Due Dec 01, 2050
Sold Feb 26, 2020
$65,000
$294,465 by American Bank & Trust Company
Mortgage
Local assessors in New Orleans, LA have categorized 2709 Magnolia Street as a residential type of property. The home was built in 1940 and is 84 years old. The property's lot size has been calculated to be 2,976 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2709 Magnolia Street has a total of 1,740 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is poor. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The property was last sold in Nov 25, 2020 for $355,000. That's $204.02 per sqft. Prior to that sales transaction, the property was also sold in Feb 21, 2020 for $65,000. 2709 Magnolia Street was last assessed in 2023. The total value of the property was assessed at $36,010. Specifically, the land the property is located on was valued at $1,490. While improvements on the property were assessed at a total of $34,520. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $2,883. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Condition

New Construction

Driveway

Driveway

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Poor
  • Construction Type: Frame
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,976
  • Total Building Area: 1,740
  • Gross Building Area: 1,740
  • Building Area: 1,740
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,740
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.068
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SQ 382 LOT 25 MAGNOLIA 31X96 DB 2709-11 MAGNOLIA ST FILE #15855

Ownership

  • Current Owner : ROLLAND DEVINN K
  • Previous Owner : WELLS ONE INVESTMENTS LLC
  • Owner Before Previous Owner: UNE BELE MAISON LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 014300

Geography

  • District: 4-12 WARD
  • Parcel: 412305012
  • Block: 382
  • Lot: 25
  • Municipality: DISTRICT 4
  • Latitude: 29.9406
  • Longitude: -90.0923

    Address

  • Full Address: 2709 Magnolia St
  • Address - House Number: 2709
  • Address - Street Name: Magnolia
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C005
  • 4-Digit Zip Code: 2603
  • Zip Code: 70113

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,883

    Appraisal Valuation

  • Standard Deviation: 0.4436
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 11
  • Final Value: 362,872
  • High Value: 523,845
  • Low Value: 201,898

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,570
  • First Open Lien Mortgage Lender: FLAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Dec 01, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $348,570
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $360,100
  • Market Land Value: $14,900
  • Market Improvement Value: $345,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,010
  • Assessed Land Value: $1,490
  • Assessed Improvements Value: $34,520

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 25, 2020
  • Current Sale Recording Date: Dec 01, 2020
  • Current Sale Transaction ID: 11809440330
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202044910
  • Previous Sale Recording Date: Feb 26, 2020
  • Previous Sale Contract Date: Feb 21, 2020
  • Previous Sale Amount: $65,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FLAGSTAR BANK FSB
  • First Mortgage Transaction Date: Dec 01, 2020
  • First Mortgage Loan Amount: $348,570
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN BANK & TRUST COMPANY
  • Previous Mortgage Transaction Date: Feb 26, 2020
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $294,465
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage

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Frequently Asked Questions

What neighborhood is 2709 Magnolia Street located in?
The 2709 Magnolia Street is a multifamily located in the neighborhood of Central City in Central City - Garden, New Orleans.
What is the average sales price for listings in 2709 Magnolia Street?
The average sales price for units in 2709 Magnolia Street is $0 currently.

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