9 days on rocket

7929 Olive St, New Orleans, LA, 70125

$389,900

Home List Price

$4,630*

Closing Credit

8 Bedrooms
4 Full Baths
2,640 SqFt
$148/SqFt
Multi
Schools Nearby

Location

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7929 Olive St, New Orleans$389,900

Buyer Closing Credits

$4,630*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingNone
Year Built1948
HeatingCentral
CoolingCentral Air
MLS #2444579
Lot Size0.10 Acres
StatusActive

About 7929 Olive St

LIVE IN ONE UNIT AND THE TENANTS PAY YOUR MORTGAGE! Conventional Loan only 5% DOWN for owner occupants! MUST BE SOLD TOGETHER! HUGE INVEStMENT OPPORTUNITY!! $4,000- $5,500/ PER MONTH Potential RENTAL INCOME PLUMBING AND ELECTRICAL REPLACED IN 2016. ROOF UNDER 10 YEAR OLD! Flood Zone X

Property Details

Property Features

Property Information:

  • Year Built: 1948
  • Stories: 1
  • Living Area: 2,640 SqFt

Listing Office:

  • Office Name: NORF Realty LLC
  • Office Phone: (504) 722-3376
  • Listing Agent: Laura Smith
  • Agent Phone: (504) 722-3376

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot: City Lot, Oversized Lot
  • Lot Size: 0.10 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: $389,900
  • Price Per SqFt: $148/SqFt

Tax Information:

  • Annual Amount: $2,781
  • 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

7929 Olive St vs New Orleans

9 DAYS ON ROCKET

-51 Days

$389,900

+$64.7K More

$148/SqFt

-$44 Less

KEY TAKEAWAY

This property is $64.7K more than the Median Sold Price and $44/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: #2444579

Listing Office:

  • Office Name: NORF Realty LLC
  • Office Phone: (504) 722-3376
  • Listing Agent: Laura Smith
  • Agent Phone: (504) 722-3376

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: 5/5/2024, 3:20:33 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

Dec 02, 2016Home Sold
$212,500
Nov 26, 2014Home Sold
$42,500

Tax History

YEARPROP. TAXASSESSMENT
2020$2,781$19,130
2019$2,890$19,130
2018$2,948$19,130
2017$625$4,250

History based on county public records data.

Payment Calculator

$2,013

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,235

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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-6554020
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 0.75 miles

  • Public District Grades PK-6

school-card-donut-6554021
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 2.05 miles

  • Public District Grades PK-2

Middle School

school-card-donut-6554022
4
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 2.69 miles

  • Public District Grades PK-8

High School

school-card-donut-6554023
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 1.41 miles

  • Public District Grades 7-12

school-card-donut-6554024
2
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 2.83 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 $22,809. Most New Orleans, LA residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Louisiana›Orleans County›New Orleans›70125›7929 Olive St

This home is located at 7929 Olive St in New Orleans, LA and zip code 70125 in the Gert Town neighborhood. This 2,640 square foot home, which was built in 1948, sits on a 0.10 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 25, 2024 and is currently priced at $389,900.

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. The number of listings in New Orleans, LA increased by 13.3% between March 2024 and April 2024. 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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