7 months on rocket

Backup Offers

54850 Walnut St, New Orleans, LA, 70118

$1,695,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Full Baths, 2 Partial
6,442 SqFt
$263/SqFt
Multi
Schools Nearby

Location

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54850 Walnut St, New Orleans$1,695,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingCarport, Off Street, Three or more Spaces
Year Built2005
HeatingCentral
CoolingCentral Air
MLS #2404542
StatusAccepting Backup Offers
(Active Under Contract)

About 54850 Walnut St

Located on beautiful Walnut Street, directly across from Audubon Park, and half a block from the St. Charles Avenue Streetcar; this custom home offers its next owner a truly unique set of opportunities! Originally built as a large, 3-4 bedroom, upscale primary residence on the upper floors, with an oversized 3-bedroom 1st floor apartment for family or rental income. Through the years, it was converted to accommodate a growing family by combining the two units into one grand home with over 6,400 sqft living as it is today, while thoughtfully maintaining the option to restore the two unit design with minimal effort or expense. Electric and Gas meters remain separated, servicing their respective units, and a single wall/door modification and kitchen build-out would restore two-unit functionality. This one of a kind property was built to withstand the test of time, using only the highest standard of materials and systems throughout, and has been upgraded by its current owner with the same attention to detail and craftsmanship. Stand-out features include parking for 6 with two covered spaces, a stunning 3-story winding staircase, vintage elevator, and a true chef’s kitchen with top-of-the-line appliances, solid walnut cabinetry, tons of counter space, and a giant center island. Formal and informal spaces on every level, plus dedicated utility rooms & abundant storage. The backyard oasis boasts two rooftop terraces with misting systems, custom pool, hot tub, fresh landscaping, and a pool house with full bath and dry sauna. A real “must-see” to appreciate everything that makes this property such a special offering!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2005
  • Stories: 3
  • Living Area: 6,442 SqFt

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: RYAN WENTWORTH
  • Agent Phone: (504) 302-0300

Interior Features

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Exterior: Balcony, Courtyard, Fence, Outdoor Shower, Patio, Sound System

Parking Information:

  • Parking: Carport, Off Street, Three or more Spaces

Lot Features

Lot Information:

  • Lot: City Lot, Rectangular Lot

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

Other

Directions Information:

  • Directions: From St. Charles Ave, turn toward River on Audubon St, left on Dominican, left on Walnut. 2nd house on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,695,000
  • Price Per SqFt: $263/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

54850 Walnut St vs New Orleans

233 DAYS ON ROCKET

+166 Days

$1,695,000

+$1.3M More

$263/SqFt

+$71 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $71/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: #2404542

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: RYAN WENTWORTH
  • Agent Phone: (504) 302-0300

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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: 5/1/2024, 1:25:17 PM 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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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-4194789
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 2.42 miles

  • Public District Grades PK-2

school-card-donut-4194790
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 2.65 miles

  • Public District Grades PK-6

Middle School

school-card-donut-4194791
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 1.08 miles

  • Public District Grades PK-8

High School

school-card-donut-4194792
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 0.95 miles

  • Public District Grades 7-12

school-card-donut-4194793
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 4.32 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 $209,915. Most New Orleans, LA residents have annual incomes $200k+. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›54850 Walnut St

This home is located at 54850 Walnut St in New Orleans, LA and zip code 70118 in the Audubon neighborhood. This 6,442 square foot home was built in 2005. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since September 11, 2023 and is currently priced at $1,695,000.

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. In March 2024 in New Orleans, LA there were 16.8% more homes for sale than in February 2024. The median list price of listings available in March 2024 was $329,132, while the average time on the real estate market was 67 days.

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

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