528 Baronne St #504 · New Orleans, LA
Flood risk 7/10 · Major
- FEMA flood zone
- X
- Chance of flooding over 30 yrs
- 0.6%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $1,269 – $2,357
Heat risk 10/10 · Severe
- Hot days now (above 108°F)
- 7 days/yr
- Hot days in 30 yrs
- 21 days/yr
Wind risk 10/10 · Severe
- Chance of severe wind over 30 yrs
- 99.0%
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- ARV discount +15.0/15.0
- Appreciation +10.0/10.0
- Cash flow +4.1/30.0
- Rent growth +4.0/5.0
- Livability +4.0/5.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- 1% rule +0.9/10.0
- DSCR +0.0/10.0
$499,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse's Market and a short walk to all of the events at the Superdome and Arena.
Key facts
- Exposed brick walls
- Flexible floorplan
- Top floor residence
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 2-bed/2.0-bath condo listed at $500k.
Deal economics
- At list price, monthly cash flow is $-1k ($-17k/yr) — negative.
- To cash-flow at today's rent, offer at most $246k (50.8% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $293k (41.5% below list).
- Recommended offer: $246k (50.8% below list) — sets the bar for cash-flow.
- Cap rate 3.0% vs local median 4.4% in New Orleans — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 81/100 on livability (#3 in LA, #1,383 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, health & safety A+; Watch: crime C-, employment D.
- Orleans Parish (urban): math 11% / reading 27% proficiency, ranked #69 of 98 in LA (top 70%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
- Market conditions: Rents rising fast (+6.0%/yr); 137 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 710 units permitted in Orleans Parish in 2024 (244 in 5+ unit buildings).
- At $2,927/mo this rent would consume 89% of the median local household income ($39k/yr) (locally 714% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- In year one you build about $53k of equity ($3k loan paydown + $50k appreciation (10.0% local appreciation)).
- Orleans County population projected at +61% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
- By year 2, paydown + projected appreciation supports a ~$86k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.
Negotiation context
- It's been on market 260 days — a 12% lower offer ($440k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 3y ago; this cycle's ask has dropped $50k (9%) from the opening price — seller is motivated, your offer sets the floor, not the list.
- Current owner paid $197k; list at $500k implies a 154% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: flood insurance adds $66/mo; HOA is 21% of rent; built in 1920 — expect roof / HVAC / electrical / plumbing capex.
- Climate carrying-cost: major flood risk; severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Questions for the listing agent
- What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
- It's been on market 260 days. Have you received any prior offers? Is the seller open to a 51% concession, seller financing, or rate buy-down credit?
- Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
- What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
- Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.
Investment metrics
- 1% rule
- 0.59% ✗
- Cap rate
- 3.00%
- Cash-on-cash
- -11.75%
- DSCR
- 0.48
- GRM
- 14.2
CMA / ARV
- ARV (median comp)
- $676,646
- List price
- $499,900
- Delta
- -26.12%
- Verdict
- UNDERPRICED
- Comps
- 20 within 1.0 mi
Projected returns pro-forma
10.0% appreciation · 5.98% rent growth · sell at horizon
- IRR
- 16.4%
- Equity multiple
- 2.36×
- Total profit
- $189,981
- Equity at exit
- $450,350
- IRR
- 16.3%
- Equity multiple
- 5.66×
- Total profit
- $652,579
- Equity at exit
- $971,196
Cash invested: $139,972 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 90 Strongly Landlord-Friendly
- State Louisiana
- 90 Strongly Landlord-Friendly · R+12
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 70113
- Rents YoY
- 6.0%
- Active inventory
- 137
- Price-to-rent
- 14.2×
Monthly cashflow live
- Estimated rent
- $2,927 high interval (Pro) →
- Mortgage (P&I)
- −$2,622
- Tax from tax record
- −$249 /mo · $2,989/yr
- Insurance
- −$208
- Flood insurance flood zone
- −$66 /mo · $798/yr
- HOA
- −$604
- Vacancy / Maint / Mgmt
- −$615
- Net cashflow
- $-1,437
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $124,975
- Closing costs
- $14,997
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 825 Lafayette St #4 New Orleans, LA | 2.0 | 2.0 | 1642 | $3,800 | $2.31 | 43d | 1 | 0.01mi |
| 528 Baronne St #202 New Orleans, LA | 2.0 | 1.5 | 1395 | $3,150 | $2.26 | 14d | 1 | 0.02mi |
| 528 Baronne St #202 New Orleans, LA | 2.0 | 1.5 | 1395 | $3,350 | $2.40 | 43d | 1 | 0.02mi |
| 547 Baronne St New Orleans, LA | 1.0–2.0 | 1.0 | 986 | $2,375 | $2.41 | 3d | 1 | 0.04mi |
| 930 Poydras St New Orleans, LA | 1.0–2.0 | 1.0–2.5 | 976 | $3,125 | $3.20 | 43d | 1 | 0.09mi |
| 703 Carondelet St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 949 | $2,350 | $2.48 | 23d | 1 | 0.10mi |
| 419 Carondelet St Unit 305 New Orleans, LA | 2.0 | 2.0 | 1201 | $3,200 | $2.66 | 43d | 1 | 0.12mi |
| 419 Carondelet St Unit 305f New Orleans, LA | 2.0 | 2.0 | 1201 | $3,500 | $2.91 | 11d | 1 | 0.12mi |
| 822 Perdido St Unit 1272370P New Orleans, LA | 1.0–5.0 | 1.0–5.0 | 1447 | $3,201 | $2.21 | 3d | 4 | 0.13mi |
| 518 S Rampart St New Orleans, LA | 3.0 | 2.0 | 1853 | $3,995 | $2.16 | 3d | 1 | 0.13mi |
| 339 Carondelet St Unit 4F New Orleans, LA | 1.0 | 1.0 | 916 | $1,650 | $1.80 | 23d | 1 | 0.16mi |
| 749 Baronne St #300 New Orleans, LA | 2.0 | 2.0 | 1287 | $4,500 | $3.50 | 11d | 1 | 0.16mi |
| 1100 Girod St Unit PHC New Orleans, LA | 2.0 | 2.5 | 1609 | $5,500 | $3.42 | 11d | 1 | 0.17mi |
| 820 Union St Unit 202 New Orleans, LA | 2.0 | 2.0 | 1197 | $2,950 | $2.46 | 43d | 1 | 0.18mi |
| 820 Union St Unit 203 New Orleans, LA | 1.0 | 1.0 | 1019 | $2,600 | $2.55 | 43d | 1 | 0.18mi |
| 803 Baronne St New Orleans, LA | 3.0 | 2.0 | 1791 | $3,525 | $1.97 | 3d | 1 | 0.20mi |
| 1100 Girod St Unit PHF New Orleans, LA | 2.0 | 2.0 | 1380 | $5,800 | $4.20 | 23d | 1 | 0.20mi |
| 1001 Julia St Unit 10B New Orleans, LA | 2.0 | 2.0 | 1418 | $6,650 | $4.69 | 10d | 1 | 0.21mi |
| 800 Gravier St Unit 1272312P New Orleans, LA | 2.0–4.0 | 2.0–4.0 | 1673 | $2,349 | $1.40 | 14d | 2 | 0.23mi |
| 840 Carondelet St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 1220 | $4,325 | $3.55 | 1d | 4 | 0.24mi |
| 802 Saint Charles Ave New Orleans, LA | 1.0 | 1.5 | 1100 | $1,550 | $1.41 | 23d | 1 | 0.24mi |
| 802 Saint Charles Ave Unit 401 New Orleans, LA | 2.0 | 2.0 | 1100 | $1,850 | $1.68 | 23d | 1 | 0.24mi |
| 909 Gravier St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 1076 | $5,276 | $4.90 | 2d | 11 | 0.25mi |
| 837 Gravier St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 845 | $2,004 | $2.37 | 3d | 5 | 0.25mi |
| 612 Julia St Unit C New Orleans, LA | 2.0 | 1.5 | 1200 | $2,300 | $1.92 | 3d | 1 | 0.27mi |
| 612 Julia St Unit D New Orleans, LA | 2.0 | 1.5 | 1000 | $2,150 | $2.15 | 23d | 1 | 0.27mi |
| 875 O'Keefe Ave #205 New Orleans, LA | 2.0 | 2.5 | 1040 | $2,250 | $2.16 | 17d | 1 | 0.27mi |
| 210 Baronne St New Orleans, LA | 1.0–2.0 | 1.0–2.5 | 1530 | $5,000 | $3.27 | 2d | 26 | 0.28mi |
| 833 Howard Ave New Orleans, LA | 1.0 | 1.0 | 955 | $2,195 | $2.30 | 23d | 1 | 0.30mi |
| 510 Julia St Unit 201 New Orleans, LA | 1.0 | 1.0 | 892 | $2,300 | $2.58 | 23d | 1 | 0.32mi |
| 127 Carondelet St Unit 1272319P New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 839 | $2,339 | $2.79 | 3d | 2 | 0.33mi |
| 925 Common St New Orleans, LA | 2.0 | 1.0–2.5 | 840 | $2,450 | $2.92 | 3d | 44 | 0.33mi |
| 822 Howard Ave Unit 1272354P New Orleans, LA | 1.0–5.0 | 1.0–4.0 | 1749 | $3,985 | $2.28 | 1d | 3 | 0.34mi |
| 818 Howard Ave Unit 301 New Orleans, LA | 1.0 | 1.0 | 981 | $2,358 | $2.40 | 3d | 1 | 0.35mi |
| 814 Howard Ave Unit 102 New Orleans, LA | 2.0 | 2.0 | 1160 | $3,800 | $3.28 | 23d | 1 | 0.35mi |
| 433 Gravier St Unit 1 New Orleans, LA | 2.0 | 2.0 | 1400 | $4,000 | $2.86 | 43d | 1 | 0.36mi |
| 333 Julia St #217 New Orleans, LA | 2.0 | 2.0 | 932 | $2,150 | $2.31 | 19d | 1 | 0.44mi |
| 333 Julia St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 1086 | $2,200 | $2.03 | 14d | 2 | 0.45mi |
| 333 Julia St New Orleans, LA | 1.0–2.0 | 1.0–2.0 | 999 | $2,200 | $2.20 | 3d | 2 | 0.45mi |
| 333 Julia St New Orleans, LA | 2.0 | 2.0 | 1030 | $2,025 | $1.97 | 23d | 2 | 0.45mi |
HOA detail condo
- Monthly dues
- $604 · $7,248/yr
- Assessments
- None detected in remarks — confirm with the listing agent.
Listing history 30 events
-
2026-06-18days on market $499,900 Active 260 DOM
-
2026-06-17days on market $499,900 Active 259 DOM
-
2026-06-16days on market $499,900 Active 258 DOM
-
2026-06-15days on market $499,900 Active 257 DOM
-
2026-06-13days on market $499,900 Active 255 DOM
-
2026-06-10days on market $499,900 Active 252 DOM
-
2026-06-09days on market $499,900 Active 251 DOM
-
2026-06-08days on market $499,900 Active 250 DOM
-
2026-06-07days on market $499,900 Active 249 DOM
-
2026-06-05days on market $499,900 Active 246 DOM
-
2026-06-03days on market $499,900 Active 245 DOM
-
2026-06-02days on market $499,900 Active 244 DOM
-
2026-06-01days on market $499,900 Active 243 DOM
-
2026-05-31days on market $499,900 Active 242 DOM
-
2026-03-17price $499,900 829-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2026-03-17price $499,900 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2026-02-04price $519,500 829-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2026-02-04price $519,500 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2026-02-01status Active 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2026-02-01historical 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
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2026-01-05price $529,000 829-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
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2026-01-05price $529,000 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
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2025-09-29$549,900 Active 829-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
-
2025-09-29$549,900 Active 835-char remark
Show marketing remark (835 chars)
Elegant Warehouse Loft Living! Top floor residence with in-demand architectural features located adjacent to the Virgin Hotel with deeded garage parking! Brand new building roof completed and paid for. Over 1328sf of tastefully designed space that offers a flexible floorplan and living options on 1 level. Original warehouse features like wide plank heart pine floors and exposed brick walls. Oversized plan allows for an easy addition of a 2nd bedroom/study. Double insulated windows. Open kitchen with 48" maple cabinets, stone counters, SS kitchen appliances. Great storage. Intimate and quiet building in the convenient Lafayette Square Historic Dist. surrounded by neighborhood amenities and dining options. 1 block to Poydras Street and Rouse’s Market and a short walk to all of the events at the Superdome and Arena.
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2024-08-15$559,000 Active
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2024-08-07price $559,000
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2024-07-26price $549,000
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2024-04-01$559,000
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2023-10-04$615,000
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2000-09-21soldstatus $197,000
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast LA · Resets to sale price
- Current annual tax
- $2,989 · $249/mo
- Projected year-2 tax
- $2,989 · $249/mo
- Expected delta
- $0/yr ($0/mo · 0.0%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 7/10 Severe FEMA zone X · 60% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 10/10 Extreme 7 d/yr ≥108°F today · 21 d/yr by 30 yrs out
- Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
- Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $35,121
- − Mortgage interest
- −$28,002
- − Property taxes
- −$2,989
- − Insurance
- −$3,297
- − Repairs & maintenance
- −$2,810
- − Management
- −$2,810
- − HOA
- −$7,248
- − Depreciation
- −$14,543
- Taxable loss
- −$26,577
- Est. tax savings @ 24.0%
- +$6,379
- After-tax cash flow
- $-10,868/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Orleans Parish
- NCES district ID
- 2201170
- Math proficiency
- 11% ▼ -52.00%
- Reading proficiency
- 27% ▼ -46.00%
- Median HH income
- $37,011
- Composite
- 15.78/100
- National rank
- #9271
- State rank
- #69 of 98 in LA
Livability — New Orleans
- Score
- 81/100
- State rank
- #3
- US rank
- #1383
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- New Orleans, LA
- County
- Orleans Parish · 338,817 people
- City population
- 338,817
- Metro
- New Orleans-Metairie, LA
- Population (ZIP)
- 9,387
- Household income
- $39,333
- Rent vs Own
- Severe rent burden
- 714.0
Population outlook (Orleans County) Hauer SSP2
- Today (2025)
- 513,025 people
- By 2030
- 575,781 · +12.2%
- By 2040
- 700,174 · +36.5%
- By 2050
- 826,541 · +61.1%
- By 2075
- 1,123,374 · +119.0%
- By 2100
- 1,355,609 · +164.2%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Diverse neighborhood (Simpson 0.57)
- Race & ethnicity
- Black 61% White 20% Hispanic / Latino 13% Two or more races 11% Asian 2%
- Hispanic origin (detail)
- Mexican 2%
- Common ancestry
- Lithuanian 2% Portuguese 1% Slovak 1%
- Foreign-born
- 13% · Canada, Vietnam, China
- Languages at home
- 86% English-only · Spanish 11% Other Indo-European 1% Vietnamese 1%
Political lean MEDSL · Orleans
- 2024 margin
- Solid D (+67.0) · D 82.2% · R 15.2% · Other 2.7%
- 2008→2024 swing
- +6.7pp toward D · 2008: 60.3pp · 2024: 67.0pp
- All cycles
- 2024: D+67.0 2020: D+68.2 2016: D+66.2 2012: D+62.5 2008: D+60.3
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▲ 65.92%
- Current HPI
- 229.3968
- Rent YoY
- ▲ 5.98%
- Metro
- New Orleans-Metairie, LA
- State GDP YoY
- ▲ 3.29%
- F500 in state
- 10
Industry mix (Fortune 500 HQ in LA)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Telecommunications | 2 | $23B |
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| Utilities | 1 | $12B |
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| Wholesale / Distribution | 1 | $5B |
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| Advertising | 1 | $2B |
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Price history
+153.8% since first listed16 events — show timeline
- 2026-03-17 Price Changed $499,900 AcadianaMLS
- 2026-03-17 Price Changed $499,900 GSREIN
- 2026-02-04 Price Changed $519,500 AcadianaMLS
- 2026-02-04 Price Changed $519,500 GSREIN
- 2026-02-01 Relisted — GSREIN
- 2026-02-01 Listing Removed — GSREIN
- 2026-01-05 Price Changed $529,000 AcadianaMLS
- 2026-01-05 Price Changed $529,000 GSREIN
- 2025-09-29 Listed $549,900 GSREIN
- 2025-09-29 Listed $549,900 AcadianaMLS
- 2024-08-15 Listed $559,000 AcadianaMLS
- 2024-08-07 Price Changed $559,000 GSREIN
- 2024-07-26 Price Changed $549,000 GSREIN
- 2024-04-01 Listed $559,000 AcadianaMLS
- 2023-10-04 Listed $615,000 AcadianaMLS
- 2000-09-21 Sold (Public Records) $197,000 Public Records
Property tax history
-0.8%/yrLatest (2026): $2,989 · +1.0% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…