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2722 New Orleans Street

2722 New Orleans Street, New Orleans, LA 70119
Property in Seventh Ward
Sold Dec 29, 2021
$36,000
$352,000 by Rocket Mortgage Llc
Mortgage Due May 01, 2052
Sold Nov 08, 2021
$15,000
2722 New Orleans 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 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2722 New Orleans Street has 924 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 3,680 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex 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 poor. 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, 2722 New Orleans Street sold most recently in Dec 17, 2021 for a total of $36,000. If you work out the math, that's approximately a cost of $38.96 per sqft. Before that, the property was also sold for $15,000 in Nov 3, 2021. 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 $129 in taxes each year. 2722 New Orleans Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $40,300. If we break it down further, the land itself was valued at $920. Improvements to the property, however, were assessed at a total of $39,380. 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 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. 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: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Poor
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,680
  • Total Building Area: 924
  • Building Area: 924
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 924
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: INNER CITY 7TH
  • Land Acres: 0.084
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: SQ 1581 LOT 18 NEW ORLEANS 32X115

Ownership

  • Current Owner : INVESTNU LLC
  • Previous Owner : NOLA INVESTING LLC
  • Owner Before Previous Owner: LONIELLO ELIZABETH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 004500

Geography

  • District: 3-7 WARD
  • Parcel: 37W305817
  • Block: 1581
  • Lot: 18
  • Municipality: DISTRICT 3
  • Latitude: 29.9858
  • Longitude: -90.0667

    Address

  • Full Address: 2722 New Orleans St
  • Address - House Number: 2722
  • Address - Street Name: New Orleans
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Zip Code: 70119

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $129

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $352,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: May 06, 2022
  • First Open Lien Mortgage Loan Amount: $352,000
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $403,000
  • Market Land Value: $9,200
  • Market Improvement Value: $393,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,300
  • Assessed Land Value: $920
  • Assessed Improvements Value: $39,380

    Sales

  • Current Sale Contract Date: Dec 17, 2021
  • Current Sale Recording Date: Dec 29, 2021
  • Current Sale Transaction ID: 11877144275
  • Current Sale Price: $36,000
  • Current Sale Document Type: Cash Sale Deed
  • Current Sale Input Document Number: 202153407
  • Previous Sale Recording Date: Nov 08, 2021
  • Previous Sale Contract Date: Nov 03, 2021
  • Previous Sale Amount: $15,000
  • Previous Sale Document Type: Cash Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: GOOD FUNDS LLC
  • First Mortgage Transaction Date: Dec 29, 2021
  • First Mortgage Loan Amount: $348,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 2722 New Orleans Street located in?
The 2722 New Orleans Street is a located in the neighborhood of Seventh Ward in Mid-City, New Orleans.
What is the average sales price for listings in 2722 New Orleans Street?
The average sales price for units in 2722 New Orleans Street is $0 currently.

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