3 months on rocket

3702 Monroe St, New Orleans, LA, 70118

$255,000

Home List Price

$3,028*

Closing Credit

5 Bedrooms
2 Full Baths
2,232 SqFt
$114/SqFt
Multi
Schools Nearby

Location

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3702 Monroe St, New Orleans$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1950
HeatingCentral
CoolingCentral Air
MLS #2428265
Lot Size0.12 Acres
StatusActive

About 3702 Monroe St

Perfect addition to any portfolio or awesome starter home for an owner occupant. Cash flows well and would be an awesome recently renovated. This turnkey property is has potential rent of $1331 for the 2 bedroom unit and $1716 for the 3 bedroom unit by Hano’s 2023 Payment Standards. Schedule your private showing today. Property is eligible for multiple programs as well, including: No PMI, 3% down payment, and 6.125% interest Or $9000 to use any way you choose, 5% down payment, 6.25% interest, lower PMI

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1950
  • Stories: 1
  • Living Area: 2,232 SqFt

Listing Office:

  • Office Name: NOLA Property Collective, LLC
  • Office Phone: (504) 940-4752
  • Listing Agent: Meghan Mercadel
  • Agent Phone: (504) 940-4752

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Eleanor Mcmain Secondary School, Public District Grades 7-12
  • McDonogh #35 College Preparatory School, Public District Grades 9-12
  • 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: $255,000
  • Price Per SqFt: $114/SqFt

Tax Information:

  • Annual Amount: $2,035
  • 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

3702 Monroe St vs New Orleans

117 DAYS ON ROCKET

+57 Days

$255,000

-$70.1K Less

$114/SqFt

-$78 Less

KEY TAKEAWAY

This property is $70.1K less than the Median Sold Price and $78/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: #2428265

Listing Office:

  • Office Name: NOLA Property Collective, LLC
  • Office Phone: (504) 940-4752
  • Listing Agent: Meghan Mercadel
  • Agent Phone: (504) 940-4752

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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, 12:15:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 30, 2008Home Sold
$50,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,035$14,000
2019$1,421$9,410
2018$1,450$9,410
2017$1,384$9,410

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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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-4705293
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 0.20 miles

  • Public District Grades PK-6

school-card-donut-4705294
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 2.63 miles

  • Public District Grades PK-2

Middle School

school-card-donut-4705295
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 3.23 miles

  • Public District Grades PK-8

High School

school-card-donut-4705296
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 1.97 miles

  • Public District Grades 7-12

school-card-donut-4705297
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 3.05 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,952. The majority of New Orleans, LA residents have income less than $35k annually. 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

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›3702 Monroe St

This home is located at 3702 Monroe St in New Orleans, LA and zip code 70118 in the Holly Grove neighborhood. This 2,232 square foot home, which was built in 1950, sits on a 0.12 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 06, 2024 and is currently priced at $255,000.

While more than 40 listings in New Orleans, LA in April 2024 were sold above asking price, there were more than 60 listings sold at asking price, and 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%. The median list price of listings available in April 2024 was $325,125, while the average time on the real estate market was 60 days.

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

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