$1,400,000 Price Analysis 1722 Esplanade AveNew Orleans, LA 70116 12 bed 11 bath 7,092 SqFt ($197/SqFt) 6,720SqFt lot. Built 1900 Listed 2024-06-12, Taxes $9,921 | Ⓧ USDA Ineligible due to price & location near New Orleans |
Blocks away from the French Quarter. This property is ready for a developer to bring it back to its full potential and create a large proft in doing so. The building contains ten (10) units with eight (8) 1 bedroom 1 bathroom units, one (1) 2 bedroom 1 bathroom unit and one (1) 2 bedroom 2 bathroom unit. The units feature charming hardwood flooring, balconies, a fenced yard and high ceilings.
The highest and best use of this property is for a purchaser to buy the building and complete the necessary renovations ($217, 762) to bring back to commerce. A condo conversion will then be completed and each condo sold off separately for a total of $2, 315, 000. With the low cost basis and renovation budget, this will allow for a decent size prof it for the developer of the project.
Presented by Mason W Mccullough at
Bridgewater Realty Advisors, LLC.
Property MLS #2453397 from NewOrleans
Year | Assessments Building + Land Total | Tax |
---|---|---|
2023 | $54,140 + $13,440 $67,580 | $9,921 |
2022 | $47,640 + $13,440 $61,080 | $8,594 |
2021 | $49,810 + $13,440 $63,250 | $9,104 |
2020 | $54,140 + $13,440 $67,580 | $9,824 |
2019 | $35,780 + $10,080 $45,860 | $6,928 |
2018 | $35,780 + $10,080 $45,860 | $7,066 |
2017 | $35,780 + $10,080 $45,860 | $6,746 |
2016 | $35,780 + $10,080 $45,860 | $6,960 |
2015 | $8,280 + $6,720 $15,000 | $2,230 |
2014 | $29,280 + $6,720 $36,000 | $5,355 |
2013 | $29,280 + $6,720 $36,000 | $5,337 |
2012 | $29,280 + $6,720 $36,000 | $5,294 |
2011 | $29,280 + $6,720 $36,000 | $5,312 |
2009 | $29,280 + $6,720 $36,000 | $4,683 |
2005 | $unknown + $unknown $38,220 | $5,703 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.