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4517 Banks Street

4517 Banks Street, New Orleans, LA 70119
Multifamily in Mid-City
Sold Sep 29, 2020
$355,000
$348,570 by Iberiabank
Mortgage Due Sep 29, 2050
Local assessors in New Orleans, LA have categorized 4517 Banks Street as a residential type of property. The home was built in 1910 and is 114 years old. The property's lot size has been calculated to be 3,600 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, 8 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 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4517 Banks Street has a total of 3,076 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. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. 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, 4517 Banks Street sold most recently in Sep 18, 2020 for a total of $355,000. If you work out the math, that's approximately a cost of $115.41 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 $4,021 in taxes each year. 4517 Banks Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $35,500. If we break it down further, the land itself was valued at $5,400. Improvements to the property, however, were assessed at a total of $30,100. 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.

Building Features

Exterior

Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Total Rooms: 12
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 16
  • Building Condition: Average
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,600
  • Total Building Area: 3,076
  • Gross Building Area: 3,076
  • Building Area: 3,076
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 3,076
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • 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 816 LOTS 27 & 28 OR 32 30X120

Ownership

  • Current Owner : JOHNS AMANDA ELISE
  • Previous Owner : FARRINGTON LARRY
  • Previous Owner 2: FARRINGTON GAYLE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • School Tax School District: 1-MDCY
  • Census Tract: 006500

Geography

  • District: 1-5 WARD
  • Parcel: 105308419
  • Block: 816
  • Lot: 27-28
  • Municipality: DISTRICT 1
  • Latitude: 29.9754
  • Longitude: -90.1076

    Address

  • Full Address: 4517 Banks St
  • Address - House Number: 4517
  • Address - Street Name: Banks
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C021
  • 4-Digit Zip Code: 6602
  • Zip Code: 70119

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,021

    Appraisal Valuation

  • Standard Deviation: 0.4436
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 11
  • Final Value: 360,461
  • High Value: 520,364
  • Low Value: 200,557

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $348,570
  • First Open Lien Mortgage Lender: IBERIABANK
  • First Open Lien Mortgage Recording Date: Sep 29, 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: Sep 29, 2050

    Market Valuation

  • Market Total Value: $355,000
  • Market Land Value: $54,000
  • Market Improvement Value: $301,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,500
  • Assessed Land Value: $5,400
  • Assessed Improvements Value: $30,100

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 18, 2020
  • Current Sale Recording Date: Sep 29, 2020
  • Current Sale Transaction ID: 11794316960
  • Current Sale Price: $355,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202034943

    Last Sale Mortgage

  • First Mortgage Lender: IBERIABANK
  • First Mortgage Transaction Date: Sep 29, 2020
  • First Mortgage Loan Amount: $348,570
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Mid-City



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Frequently Asked Questions

What neighborhood is 4517 Banks Street located in?
The 4517 Banks Street is a multifamily located in the neighborhood of Mid-City in Mid-City, New Orleans.
What is the average sales price for listings in 4517 Banks Street?
The average sales price for units in 4517 Banks Street is $0 currently.

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