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514 Warrington Drive

514 Warrington Drive, New Orleans, LA 70122
Property in Dillard
Sold Jun 26, 2019
$105,000
$84,000 by Velocity Commercial Capital Ll
Mortgage Due Jun 26, 2049
Sold Nov 03, 2017
$63,000
$71,600 by Secured Investment High Yield
Mortgage
514 Warrington Drive in New Orleans, LA was first built in 1950 and is 74 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 514 Warrington Drive has 952 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 8,201 square feet.

Learn more about the property and building on this page. For those who need parking, there is a garage. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as fair. The exterior walls of the home are made of alum/vinyl siding. 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, 514 Warrington Drive sold most recently in Jun 25, 2019 for a total of $105,000. If you work out the math, that's approximately a cost of $110.29 per sqft. Before that, the property was also sold for $63,000 in Oct 31, 2017. 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 $1,151 in taxes each year. 514 Warrington Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $8,440. If we break it down further, the land itself was valued at $3,280. Improvements to the property, however, were assessed at a total of $5,160. 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 possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1950
  • Effective Year Built: 1950
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: Fair
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,201
  • Total Building Area: 952
  • Building Area: 952
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 952
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GNTLY PK
  • Land Acres: 0.188
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: GENTILLY PK SQ I LOT 8 WARRINGTON 41 OVER 77X143 OVER 135 SGLE/FR 7/RM A/R & GARAGE

Ownership

  • Current Owner : KM HOMES REAL ESTATE LLC
  • Previous Owner : NOLA BETTER HOMES LLC
  • Owner Before Previous Owner: Finance Of America Reverse Llc Organized
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 003308

Geography

  • District: 3-7 WARD
  • Parcel: 37W422308
  • Block: 1
  • Lot: 8
  • Municipality: DISTRICT 3
  • Latitude: 30.0024
  • Longitude: -90.0686

    Address

  • Full Address: 514 Warrington Dr
  • Address - House Number: 514
  • Address - Street Name: Warrington
  • Address - Suffix Type: Dr
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C005
  • 4-Digit Zip Code: 3042
  • Zip Code: 70122

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,151

    Appraisal Valuation

  • Standard Deviation: 0.4436
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 11
  • Final Value: 138,191
  • High Value: 199,493
  • Low Value: 76,888

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $84,000
  • First Open Lien Mortgage Lender: VELOCITY COMMERCIAL CAPITAL LL
  • First Open Lien Mortgage Recording Date: Jun 26, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $84,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Jun 26, 2049

    Market Valuation

  • Market Total Value: $84,400
  • Market Land Value: $32,800
  • Market Improvement Value: $51,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,440
  • Assessed Land Value: $3,280
  • Assessed Improvements Value: $5,160

    Sales

  • Current Sale Contract Date: Jun 25, 2019
  • Current Sale Recording Date: Jun 26, 2019
  • Current Sale Transaction ID: 11620684686
  • Current Sale Price: $105,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 201924703
  • Previous Sale Recording Date: Nov 03, 2017
  • Previous Sale Contract Date: Oct 31, 2017
  • Previous Sale Amount: $63,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VELOCITY COMMERCIAL CAPITAL LL
  • First Mortgage Transaction Date: Jun 26, 2019
  • First Mortgage Loan Amount: $84,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SECURED INVESTMENT HIGH YIELD
  • Previous Mortgage Transaction Date: Nov 03, 2017
  • Previous Mortgage Loan Amount: $71,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 514 Warrington Drive located in?
The 514 Warrington Drive is a located in the neighborhood of Dillard in Gentilly, New Orleans.
What is the average sales price for listings in 514 Warrington Drive?
The average sales price for units in 514 Warrington Drive is $0 currently.

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