2 months on rocket

700 Magazine St Unit 501, New Orleans, LA, 70130

$1,250,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,637 SqFt
$764/SqFt
Condo
Schools Nearby

Location

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700 Magazine St Unit 501, New Orleans$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Available, Two Spaces, Garage Door Opener
Year Built2019
CoolingCentral Air, Single Unit
FireplaceNone
MLS #2434563
StatusActive

About 700 Magazine St Unit 501

This elegant and spacious condominium features two bedrooms and two and a half bathrooms. Unobstructed cityscape views overlook Magazine Street and the Warehouse District from this top floor unit in the luxorious Kalorama building. The unit features premium finishes and top-of-the-line appliances, including Subzero, Wolf, Asko, and Marvel. Hardwood flooring stretches throughout. Quartzite counters and frameless maple cabinets add to the sophistication, along with Restoration Hardware fixtures for an extra touch of opulence. Conveniently included are two garage parking spots, a 24/7 lobby attendant, a beautifully landscaped fourth-floor courtyard with pergola, and a well-equipped fitness room. Located in New Orleans’ CBD, this condominium is steps away from world-class restaurants, shops, and museums. Truly a Gem and Must See, contact us to schedule your private tour today.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 2019
  • Stories: 5
  • Living Area: 1,637 SqFt

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY 455-0100
  • Office Phone: (504) 455-0100
  • Listing Agent: Stephen Valiente
  • Agent Phone: (504) 417-6251

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Microwave, Oven, Range, Refrigerator, Wine Cooler, Washer
  • Interior: Elevator, Pantry, Stone Counters, Stainless Steel Appliances
  • Fireplace: None

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Parking: Parking Available, Two Spaces, Garage Door Opener

Virtual/3D Tour

  • 3D Tour: 700 Magazine St Unit 501

3D Tour

Lot Features

Lot Information:

  • Lot: City Lot

Utilities

Utilities Information:

  • Cooling: Central Air, Single Unit

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

Other

Directions Information:

  • Directions: Exit I-10E Carondelet, L on Carondelet, R on Girod, R on Magazine

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $764/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

700 Magazine St Unit 501 vs New Orleans

60 DAYS ON ROCKET

-7 Days

$1,250,000

+$920.8K More

$764/SqFt

+$572 More

KEY TAKEAWAY

This property is $920.8K more than the Median Sold Price and $572/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: #2434563

Listing Office:

  • Office Name: KELLER WILLIAMS REALTY 455-0100
  • Office Phone: (504) 455-0100
  • Listing Agent: Stephen Valiente
  • Agent Phone: (504) 417-6251

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Last updated on: 4/19/2024, 9:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-728263
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 1.09 miles

  • Public District Grades PK-2

school-card-donut-728264
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 3.30 miles

  • Public District Grades PK-6

Middle School

school-card-donut-728265
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 3.19 miles

  • Public District Grades PK-8

High School

school-card-donut-728266
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 1.59 miles

  • Public District Grades 9-12

school-card-donut-728267
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 2.60 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 $98,317. Residents of New Orleans, LA typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Central Business District, New Orleans

What are the common housing types in Central Business District, New Orleans?

Large apartment buildings are the most common housing type, representing the vast majority of dwellings in Central Business District, and the rest of the houses are mainly small apartment buildings. Notably, this neighborhood is good for those looking for one bedroom homes. About 70% of the population of this neighborhood rent their home and 30% are owners. Most of the housing growth in this part of New Orleans-Metairie happened prior to the 1960s.

What are the advantages of living in Central Business District, New Orleans?

Central Business District is a great neighborhood for those who enjoy both indoor and outdoor activities. Finding things to do is very easy in this area. Despite the fact that the streets are occasionally busy with people, there are many nearby entertainment venues, and places to go out at night are well-spread throughout the neighborhood. It is easy to get to parks since there are around 10 of them close by for residents to check out.

Are essential services in Central Business District, New Orleans convenient?

It is very often an option for property owners in Central Business District to shop for general and specialty groceries on foot. Moreover, those who appreciate dining out won't have to walk far in this part of New Orleans-Metairie, where over 200 restaurants and over 50 coffee shops are available. Home buyers have access to very many clothing stores within walking distance, for example on Carondelet Street. With respect to education, primary as well as high schools are easy to reach on foot from anywhere in Central Business District.

How do Central Business District, New Orleans residents get around?

This area presents property owners with the choice between different means of transportation. The public transit network in Central Business District is reasonably good. For example, there are about 30 bus lines crossing the neighborhood, and most properties are very close to a bus stop. Driving is also a fairly good transportation option in Central Business District. Many real estate listings are a short drive from the nearest highway, such as Pontchartrain Expressway, and it is very easy to find a parking spot. It is very easy for people walking to navigate this area; most common errands can be run on foot, and plenty of businesses are very close by.

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Frequently Asked Questions About 700 Magazine St Unit 501

What is the listing price of this property?

The listing price of 700 Magazine St Unit 501 property is $1,250,000.

What type of property is this?

The property 700 Magazine St Unit 501 is a condo located in New Orleans, Louisiana, 70130.

Is this property for sale now?

Active Listing: 700 Magazine St Unit 501 is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 700 Magazine St Unit 501 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 700 Magazine St Unit 501 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 700 Magazine St Unit 501 is 1,637 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 700 Magazine St Unit 501 is 2019.

Rocket Homes›Louisiana›Orleans County›New Orleans›70130›700 Magazine St Unit 501

This home is located at 700 Magazine St Unit 501 in New Orleans, LA and zip code 70130 in the Central Business District neighborhood. This 1,637 square foot home was built in 2019. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since February 19, 2024 and is currently priced at $1,250,000.

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. While the average time on the market in March 2024 was 67 days, the median list price was $329,132.

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

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