8 months on rocket

1101 Royal St, New Orleans, LA, 70116

$2,475,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
5,400 SqFt
$458/SqFt
Townhouse
Schools Nearby

Location

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1101 Royal St, New Orleans$2,475,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingNone
Year Built1831
HeatingCentral
CoolingCentral Air
MLS #2411194
StatusActive

About 1101 Royal St

Step into the historical Royal Pharmacy, a staple of the New Orleans French Quarter for many decades! This remarkable property is a rare gem, boasting a prime location wrapping the corner of Royal Street and Ursulines Avenue, offering excellent street visibility to the bustling foot traffic of this area. This property has served as a beloved pharmacy for an impressive 100 years and has been in the current Owner's family for the last 80 years. Built in 1831, you’re sure to step back in time upon entering with one look at the lovely soda fountain bar, added in the 1940s. With endless charm and character featured throughout, this property creates a nostalgic and unique atmosphere that is sure to captivate both locals and visitors alike. <br> <br> Property offers a large, 1st-floor commercial space with addtl. storage and office spaces in back + residential spaces on 2nd-3rd floors. The 2nd floor includes a breathtaking & expansive residential unit which spans the entire floor level. Residential portion has been updated while still keeping the integrity of the culture throughout. With beautiful hardwood floors, tons of space, beautiful bathrooms, custom features & finishes throughout + four sets of French Doors opening to a gorgeous wraparound balcony, you can’t find much better. Property also boasts an addtl. 3rd-floor residential space, offering a variety of uses whether it be an office, or entertainment room, the choice is yours. <br> <br> Investing in this property means owning a quintessential piece of history in the French Quarter, making it a rare and coveted opportunity. Don't miss your chance! <br> <br>

Property Details

Property Features

Property Information:

  • Architectural Style: Historic/Antique
  • Year Built: 1831
  • Stories: 3
  • Living Area: 5,400 SqFt

Listing Office:

  • Office Name: French Quarter Realty
  • Office Phone: (504) 949-5400
  • Listing Agent: MICHAEL WILKINSON
  • Agent Phone: (504) 491-0484

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: Corner Lot, City Lot

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • McDonogh #35 College Preparatory School, Public District Grades 9-12
  • Eleanor Mcmain Secondary School, Public District Grades 7-12
  • Benjamin Franklin Elementary Math and Science, Public District Grades PK-8
  • Mahalia Jackson Elementary School, Public District Grades PK-2
  • Mary Bethune Elementary Literature/Technology, Public District Grades PK-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,475,000
  • Price Per SqFt: $458/SqFt

Tax Information:

  • Annual Amount: $7,843
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in New Orleans, LA.

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New Orleans, LA

City

Med. Sold Price

$329.1K

Med. Price/SqFt

$192

Avg. Days On Market

67

# of Sold Homes

279

1101 Royal St vs New Orleans

240 DAYS ON ROCKET

+173 Days

$2,475,000

+$2.1M More

$458/SqFt

+$266 More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $266/SqFt more than other homes in New Orleans, LA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NOMAR
  • MLS Number: #2411194

Listing Office:

  • Office Name: French Quarter Realty
  • Office Phone: (504) 949-5400
  • Listing Agent: MICHAEL WILKINSON
  • Agent Phone: (504) 491-0484

IDX Disclaimer: Copyright © 2024, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 7:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,843$53,950
2019$8,150$53,950
2018$8,313$53,950
2017$6,794$46,180

History based on county public records data.

Payment Calculator

$12.4K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,487

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1082142
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 1.96 miles

  • Public District Grades PK-2

school-card-donut-1082143
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 3.24 miles

  • Public District Grades PK-6

Middle School

school-card-donut-1082144
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 4.11 miles

  • Public District Grades PK-8

High School

school-card-donut-1082145
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 0.57 miles

  • Public District Grades 9-12

school-card-donut-1082146
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 3.27 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,722. Most New Orleans, LA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1101 Royal St

What is the listing price of this property?

The listing price of 1101 Royal St property is $2,475,000.

What type of property is this?

The property 1101 Royal St is a townhouse located in New Orleans, Louisiana, 70116.

Is this property for sale now?

Active Listing: 1101 Royal St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1101 Royal St are:
Mahalia Jackson Elementary School: GreatSchools Rating 2/10
Mary Bethune Elementary Literature/Technology: GreatSchools Rating 5/10
Benjamin Franklin Elementary Math and Science: GreatSchools Rating 4/10
McDonogh #35 College Preparatory School: GreatSchools Rating 2/10
Eleanor Mcmain Secondary School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,843 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1101 Royal St has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1101 Royal St is 5,400 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1101 Royal St is 1831.

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›1101 Royal St

This home is located at 1101 Royal St in New Orleans, LA and zip code 70116 in the French Quarter neighborhood. This 5,400 square foot home was built in 1831. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 30, 2023 and is currently priced at $2,475,000.

In March 2024 more than 30 listings in New Orleans, LA were sold above the asking price. During the same period more than 43 listings were sold at asking price, while more than 206 were sold below. The number of listings in New Orleans, LA increased by 16.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 67 days, the median list price was $329,132.

From Rocket Homes Real Estate and based on county public records data.

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