3 months on rocket

2000 Hope St, New Orleans, LA, 70119

$1,395,000

Home List Price

$10,000*

Closing Credit

30 Bedrooms
28 Full Baths
21,000 SqFt
$66/SqFt
House
Schools Nearby

Location

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2000 Hope St, New Orleans$1,395,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1963
HeatingNone
CoolingNone
MLS #2423169
StatusActive

About 2000 Hope St

NEW PRICE! Introducing the Hope & Allen Redevelopment Opportunity in New Orleans, LA. The property contains (13) doubles each with a 1 bed/1 bath unit on each side. There are (2) SFR buildings on the ends, one of them being 3 bed/1 bath and one of them being 1 bed/1 bath. Following renovation work, highest and best use calls for subsidzed housing, which call for $1,149/month for a one bedroom unit and $1,750/month for a 3 bedroom unit for a potential gross annual rent of $393,276. After stabilizing the property, the new buyer will be able to refinance and potentially pull all their cash out while maintaining a cash-flowing asset. The new assessed value should be significantly higher than the total loan amount from the construction loan used to take down the property. Rough terms for construction loan is 15-20% down, 10.5-11.5% interest rate, 12-18 months interest only payments. Current long term financing terms are sitting around 7.5-8% interest rate, 10 yr fixed, 30 year AM. Overall, 2000 Hope Street represents an extraordinary investment prospect. Reach out for more information. Actual addresses are 2000-2008 Hope St & 2601-2635 Allen St

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1963
  • Stories: 1
  • Living Area: 21,000 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: 28
  • Total Bedroom Count: 30

Exterior Features

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Irregular Lot

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

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
  • Mary Bethune Elementary Literature/Technology, Public District Grades PK-6
  • Mahalia Jackson Elementary School, Public District Grades PK-2

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,395,000
  • Price Per SqFt: $66/SqFt

Tax Information:

  • Annual Amount: $769
  • 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

$325.1K

Med. Price/SqFt

$191

Avg. Days On Market

60

# of Sold Homes

322

2000 Hope St vs New Orleans

104 DAYS ON ROCKET

+44 Days

$1,395,000

+$1.0M More

$66/SqFt

-$126 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $126/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: #2423169

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: 5/2/2024, 6:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 06, 2018Home Sold
$1,120,000

Tax History

YEARPROP. TAXASSESSMENT
2020$769$5,290
2019$799$5,290
2018$815$5,290
2017$778$5,290

History based on county public records data.

Payment Calculator

$7,030

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,249

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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-4583576
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 3.06 miles

  • Public District Grades PK-6

school-card-donut-4583577
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 3.16 miles

  • Public District Grades PK-2

Middle School

school-card-donut-4583578
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 5.15 miles

  • Public District Grades PK-8

High School

school-card-donut-4583579
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 1.04 miles

  • Public District Grades 9-12

school-card-donut-4583580
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 4.05 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 $38,750. The majority of New Orleans, LA residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2000 Hope St

What is the listing price of this property?

The listing price of 2000 Hope St property is $1,395,000.

What type of property is this?

The property 2000 Hope St is a house located in New Orleans, Louisiana, 70119.

Is this property for sale now?

Active Listing: 2000 Hope 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 2000 Hope St are:
Mary Bethune Elementary Literature/Technology: GreatSchools Rating 5/10
Mahalia Jackson Elementary School: GreatSchools Rating 2/10
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 $769 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on September 6, 2018 for $1,120,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2000 Hope St has 30 bedrooms and 28 bathrooms.

What is the square footage of this property?

The property 2000 Hope St is 21,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2000 Hope St is 1963.

Rocket Homes›Louisiana›Orleans County›New Orleans›70119›2000 Hope St

This home is located at 2000 Hope St in New Orleans, LA and zip code 70119 in the Seventh Ward neighborhood. This 21,000 square foot home was built in 1963. Features: 30 bedrooms, 28 bathrooms. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $1,395,000.

In April 2024 more than 40 listings in New Orleans, LA were sold above the asking price. During the same period more than 60 listings were sold at asking price, while more than 222 were sold below. Between March 2024 and April 2024, New Orleans, LA real estate market has seen increase in the number of listings by 13.3%. Listings spent 60 days on the market in April 2024, and had a median list price of $325,125 during the same period.

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

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