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Backup Offers

550 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
House
Schools Nearby

Location

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

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCarport, Off Street, Three or more Spaces
Year Built2005
HeatingCentral, Multi Unit(s)
CoolingCentral Air
FireplaceGas, Other
MLS #2413130
StatusAccepting Backup Offers
(Active Under Contract)

About 550 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. 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

Interior Information:

  • Appliances: Dryer, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Wine Cooler, Washer
  • Interior: Wet Bar, Butlers Pantry, Central Vacuum, Elevator, High Speed Internet, Pantry, Stainless Steel Appliances, Wired for Sound
  • Fireplace: Gas, Other

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, Multi Unit(s)
  • 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

Tax Information:

  • Annual Amount: $13,466
  • 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

550 Walnut St vs New Orleans

226 DAYS ON ROCKET

+159 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: #2413130

Listing Office:

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

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: 4/25/2024, 10:25:17 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$13,466$88,500
2019$13,970$88,500
2018$14,136$88,500
2017$13,520$88,500

History based on county public records data.

Payment Calculator

$8,527

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,148

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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-383022
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 2.46 miles

  • Public District Grades PK-2

school-card-donut-383023
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 2.69 miles

  • Public District Grades PK-6

Middle School

school-card-donut-383024
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 1.07 miles

  • Public District Grades PK-8

High School

school-card-donut-383025
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 0.99 miles

  • Public District Grades 7-12

school-card-donut-383026
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 4.36 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. The majority of New Orleans, LA residents have income $200k+ annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 Walnut St

What is the listing price of this property?

The listing price of 550 Walnut St property is $1,695,000.

What type of property is this?

The property 550 Walnut St is a house located in New Orleans, Louisiana, 70118.

Is this property for sale now?

Accepting Backup Offers: 550 Walnut St is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 550 Walnut 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
Eleanor Mcmain Secondary School: GreatSchools Rating 4/10
McDonogh #35 College Preparatory School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $13,466 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 550 Walnut St has 6 bedrooms and 5 full and 2 half bathrooms.

What is the square footage of this property?

The property 550 Walnut St is 6,442 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 550 Walnut St is 2005.

Rocket Homes›Louisiana›Orleans County›New Orleans›70118›550 Walnut St

This home is located at 550 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. The number of listings in New Orleans, LA increased by 16.8% between February 2024 and March 2024. In March 2024, listings were on the market for 67 days. During the same period, the median list price in this real estate market was $329,132.

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

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