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318 Pacific Avenue

318 Pacific Avenue, New Orleans, LA 70114
Property in Whitney
Sold Dec 09, 2020
$430,000
$365,500 by Republic State Mortgage Co
Mortgage Due Dec 09, 2050
Sold Apr 24, 2019
$332,000
$260,000 by Home Bank Na
Mortgage
Local assessors in New Orleans, LA have categorized 318 Pacific Avenue as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 3,968 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 12 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 3 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 318 Pacific Avenue has a total of 2,106 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 average. 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. 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, 318 Pacific Avenue sold most recently in Dec 7, 2020 for a total of $430,000. If you work out the math, that's approximately a cost of $204.18 per sqft. Before that, the property was also sold for $332,000 in Apr 22, 2019. 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 $5,823 in taxes each year. 318 Pacific Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $43,000. If we break it down further, the land itself was valued at $4,360. Improvements to the property, however, were assessed at a total of $38,640. 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. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1900
  • Effective Year Built: 1900
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,968
  • Total Building Area: 2,106
  • Gross Building Area: 2,106
  • Building Area: 2,106
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,106
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FIFTH DISTRICT
  • Land Acres: 0.091
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: SQ 48 LOT 20 32 X 124 316/318 PACIFIC AVE

Ownership

  • Current Owner : SPERIER CYNTHIA ANN
  • Previous Owner : LOWE WINONA SUE
  • Previous Owner 2: MARTINEZ GREGORY JOHN
  • Owner Before Previous Owner: EARLSON LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 000400

Geography

  • District: 5-13 WARD
  • Parcel: 513104616
  • Block: 48
  • Lot: 20
  • Municipality: DISTRICT 5
  • Latitude: 29.9527
  • Longitude: -90.0457

    Address

  • Full Address: 318 Pacific Ave
  • Address - House Number: 318
  • Address - Street Name: Pacific
  • Address - Suffix Type: Ave
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C006
  • 4-Digit Zip Code: 1251
  • Zip Code: 70114

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,823

    Appraisal Valuation

  • Standard Deviation: 0.2756
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 60
  • Final Value: 524,447
  • High Value: 669,003
  • Low Value: 379,892

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $365,500
  • First Open Lien Mortgage Lender: REPUBLIC STATE MORTGAGE CO
  • First Open Lien Mortgage Recording Date: Dec 09, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $365,500
  • 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: Dec 09, 2050

    Market Valuation

  • Market Total Value: $430,000
  • Market Land Value: $43,600
  • Market Improvement Value: $386,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,000
  • Assessed Land Value: $4,360
  • Assessed Improvements Value: $38,640

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Dec 07, 2020
  • Current Sale Recording Date: Dec 09, 2020
  • Current Sale Transaction ID: 11809440336
  • Current Sale Price: $430,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202046177
  • Previous Sale Recording Date: Apr 24, 2019
  • Previous Sale Contract Date: Apr 22, 2019
  • Previous Sale Amount: $332,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: REPUBLIC STATE MORTGAGE CO
  • First Mortgage Transaction Date: Dec 09, 2020
  • First Mortgage Loan Amount: $365,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: HOME BANK NA
  • Previous Mortgage Transaction Date: Apr 24, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $260,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 318 Pacific Avenue located in?
The 318 Pacific Avenue is a located in the neighborhood of Whitney in Algiers, New Orleans.
What is the average sales price for listings in 318 Pacific Avenue?
The average sales price for units in 318 Pacific Avenue is $0 currently.

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