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440 Fern Street

440 Fern Street, New Orleans, LA 70118
Property in Black Pearl
Sold May 07, 2019
$515,000
$50,000,000 by Iberibank
Mortgage Due Feb 22, 2052
440 Fern 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 1900 and is 124 years old. The home has a total of 8 rooms. 4 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, 440 Fern Street has 1,728 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 3,600 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 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, 440 Fern Street sold most recently in May 3, 2019 for a total of $515,000. If you work out the math, that's approximately a cost of $298.03 per sqft. 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 $4,577 in taxes each year. 440 Fern Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $46,350. If we break it down further, the land itself was valued at $6,120. Improvements to the property, however, were assessed at a total of $40,230. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 1,728
  • Gross Building Area: 1,728
  • Building Area: 1,728
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,728
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SEVENTH DISTRICT
  • Land Acres: 0.083
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: SQ 53 LOT 1 FERN & PEARL TO HUSO 30 X 120 438-40 FERN

Ownership

  • Current Owner : SCHIFFMAN JEFFREY
  • Previous Owner : SAWIN WOLF MAGGY
  • Previous Owner 2: INGRAM WOLF THOMAS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 012500

Geography

  • District: 7-16 WARD
  • Parcel: 716102801
  • Block: 53
  • Lot: 1
  • Municipality: DISTRICT 7
  • Latitude: 29.9411
  • Longitude: -90.1336

    Address

  • Full Address: 440 Fern St
  • Address - House Number: 440
  • Address - Street Name: Fern
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C019
  • 4-Digit Zip Code: 3828
  • Zip Code: 70118

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,577

    Appraisal Valuation

  • Standard Deviation: 0.2472
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 65
  • Final Value: 617,025
  • High Value: 769,574
  • Low Value: 464,477

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $50,000,000
  • First Open Lien Mortgage Lender: IBERIBANK
  • First Open Lien Mortgage Recording Date: Feb 22, 2022
  • First Open Lien Mortgage Loan Amount: $50,000,000
  • 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: Feb 22, 2052

    Market Valuation

  • Market Total Value: $463,500
  • Market Land Value: $61,200
  • Market Improvement Value: $402,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,350
  • Assessed Land Value: $6,120
  • Assessed Improvements Value: $40,230

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 03, 2019
  • Current Sale Recording Date: May 07, 2019
  • Current Sale Transaction ID: 11608305813
  • Current Sale Price: $515,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 201917223

    Last Sale Mortgage

  • First Mortgage Lender: IBERIABANK
  • First Mortgage Transaction Date: May 07, 2019
  • First Mortgage Loan Amount: $412,000
  • 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 440 Fern Street located in?
The 440 Fern Street is a located in the neighborhood of Black Pearl in Uptown - Carrollton, New Orleans.
What is the average sales price for listings in 440 Fern Street?
The average sales price for units in 440 Fern Street is $0 currently.

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