2 months on rocket

1714-16 Marais St, New Orleans, LA, 70116

$799,000

Home List Price

$9,488*

Closing Credit

10 Bedrooms
5 Full Baths
4,500 SqFt
$178/SqFt
Condo
Schools Nearby

Location

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1714-16 Marais St, New Orleans$799,000

Buyer Closing Credits

$9,488*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built2022
HeatingCentral
CoolingCentral Air
MLS #2428209
StatusActive

About 1714-16 Marais St

SELLER FINANCE OFFERED. 10.6% downpayment. Reach out for additional terms. 1714-16 Marais Street is a 5-unit apartment complex that was recently constructed in 2022 and currently fully occupied. Nestled in a highly sought-after location that is minutes from the French Quarter, Treme, and Bywater, this property seamlessly combines luxury, convenience, and smart investment potential. The 3-story building consists of five (5) 2 bedroom1 bathroom units that are each approx. 900 square feet each. The immediate return on investment isevident as all five units are currently leased,offering a stable and predictable income stream. The building's construction prioritizes low maintenance, utilizing high-quality materials and energy-efficient features, ensuring minimal upkeep and reduced utility costs. Additionally, the property boasts low insurance costs due to its adherence to the latest safety standards and age of new roof. This investment promises long-term success, withthe property poised for significant appreciation over time. Schedule your viewing today andsecure your stake in this exceptional investment opportunity.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2022
  • Stories: 3
  • Living Area: 4,500 SqFt

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Mason McCullough
  • Agent Phone: (504) 298-8631

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 10

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular 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: $799,000
  • Price Per SqFt: $178/SqFt
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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

1714-16 Marais St vs New Orleans

75 DAYS ON ROCKET

+8 Days

$799,000

+$469.8K More

$178/SqFt

-$14 Less

KEY TAKEAWAY

This property is $469.8K more than the Median Sold Price and $14/SqFt less 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: #2428209

Listing Office:

  • Office Name: Bridgewater Realty Advisors, LLC
  • Office Phone: (504) 298-8631
  • Listing Agent: Mason McCullough
  • Agent Phone: (504) 298-8631

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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: 4/29/2024, 12:55:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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NMLS#3030

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-2793864
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 4.87 miles

  • Public District Grades PK-2

school-card-donut-2793865
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 6.49 miles

  • Public District Grades PK-6

Middle School

school-card-donut-2793866
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 6.91 miles

  • Public District Grades PK-8

High School

school-card-donut-2793867
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 3.53 miles

  • Public District Grades 9-12

school-card-donut-2793868
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 6.38 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 $80,000. The majority of New Orleans, LA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1714-16 Marais St

What is the listing price of this property?

The listing price of 1714-16 Marais St property is $799,000.

What type of property is this?

The property 1714-16 Marais St is a condo located in New Orleans, Louisiana, 70116.

Is this property for sale now?

Active Listing: 1714-16 Marais 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 1714-16 Marais 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

How many bedrooms and bathrooms does this property have?

The property at 1714-16 Marais St has 10 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 1714-16 Marais St is 4,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1714-16 Marais St is 2022.

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›1714-16 Marais St

This home is located at 1714-16 Marais St in New Orleans, LA and zip code 70116 in the Lower Ninth Ward neighborhood. This 4,500 square foot home was built in 2022. Features: 10 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since February 13, 2024 and is currently priced at $799,000.

In March 2024, from all listings sold in New Orleans, LA there were more than 30 sold above asking price, over 206 sold below and more than 43 were sold right at the asked price. The number of listings in New Orleans, LA increased by 16.8% between February 2024 and March 2024. In March 2024 median list price was $329,132 and the average listing age was 67 days.

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

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