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732 7th Street

732 7th Street, New Orleans, LA 70115
Multifamily in Irish Channel
Sold Sep 30, 2020
$464,000
$474,672 by Reliant Mortgage Llc
Mortgage Due Sep 30, 2050
Local assessors in New Orleans, LA have categorized 732 7th Street 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 2,820 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 10 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 2 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 732 7th Street has a total of 1,375 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 good. 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, 732 7th Street sold most recently in Sep 25, 2020 for a total of $464,000. If you work out the math, that's approximately a cost of $337.45 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 $5,274 in taxes each year. 732 7th Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $46,400. If we break it down further, the land itself was valued at $4,230. Improvements to the property, however, were assessed at a total of $42,170. 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. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,820
  • Total Building Area: 1,375
  • Gross Building Area: 1,375
  • Building Area: 1,375
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,375
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.065
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: SQ 83 LOT 4 SEVENTH ST 30X94 = 2820 SQ FT DBLE 732/34 SEVENTH ST SEE 516 4TH ST FOR CONSIDERATIONS ADD.CHG. 6/03

Ownership

  • Current Owner : HERRON HUNTER CASS
  • Previous Owner : TALEBLOO REAL ESTATE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Orleans Parish School District
  • Census Tract: 014200

Geography

  • District: 4-11 WARD
  • Parcel: 411106118
  • Block: 83
  • Lot: 4
  • Municipality: DISTRICT 4
  • Latitude: 29.9221
  • Longitude: -90.0827

    Address

  • Full Address: 732 7th St
  • Address - House Number: 732
  • Address - Street Name: 7th
  • Address - Suffix Type: St
  • State: LA
  • City Name: New Orleans
  • Carrier Code: C033
  • 4-Digit Zip Code: 1020
  • Zip Code: 70115

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,274

    Appraisal Valuation

  • Standard Deviation: 0.2776
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 60
  • Final Value: 564,750
  • High Value: 721,535
  • Low Value: 407,964

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $474,672
  • First Open Lien Mortgage Lender: RELIANT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Sep 30, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $474,672
  • 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: Sep 30, 2050

    Market Valuation

  • Market Total Value: $464,000
  • Market Land Value: $42,300
  • Market Improvement Value: $421,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $46,400
  • Assessed Land Value: $4,230
  • Assessed Improvements Value: $42,170

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Transaction ID: 11794317006
  • Current Sale Price: $464,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202035089

    Last Sale Mortgage

  • First Mortgage Lender: RELIANT MORTGAGE LLC
  • First Mortgage Transaction Date: Sep 30, 2020
  • First Mortgage Loan Amount: $474,672
  • 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 732 7th Street located in?
The 732 7th Street is a multifamily located in the neighborhood of Irish Channel in Central City - Garden, New Orleans.
What is the average sales price for listings in 732 7th Street?
The average sales price for units in 732 7th Street is $0 currently.

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