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Backup Offers

524 Governor Nicholls St, New Orleans, LA, 70116

$1,250,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
8 Full Baths
4,687 SqFt
$267/SqFt
Condo
Schools Nearby

Location

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524 Governor Nicholls St, New Orleans$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingNone
Year Built1852
HeatingNone
CoolingNone
MLS #2448126
Lot Size0.12 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 524 Governor Nicholls St

Historic French Quarter redevelopment opportunity with compelling tax credit potential (***Part 1 of the tax credits is approved for both buildings***). Beautiful 150+ year old brick building priced below recently appraised value and situated in an excellent French Quarter location. Further Details: - Listed below appraised value. - Full set of architectural drawings completed. - All VCC violations have been remedied. - Exterior has been repaired including new louvered shutters. - Beautiful architectural details throughout. - Part 1 of the tax credits is approved. - Construction estimate for complete renovation cost (inquire for details). **Depending on the Buyer/Developer, tax credit potential could be a sizable portion of the estimated costs to complete the buildings (25% State & 20% Federal)**,

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1852
  • Stories: 4
  • Living Area: 4,687 SqFt

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: John Cody Stringer
  • Agent Phone: (504) 655-5577

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 8
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Balcony

Parking Information:

  • Parking: None

Lot Features

Lot Information:

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

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $267/SqFt

Tax Information:

  • Annual Amount: $7,973
  • 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

524 Governor Nicholls St vs New Orleans

15 DAYS ON ROCKET

-45 Days

$1,250,000

+$924.8K More

$267/SqFt

+$75 More

KEY TAKEAWAY

This property is $924.8K more than the Median Sold Price and $75/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: #2448126

Listing Office:

  • Office Name: REVE, REALTORS
  • Office Phone: (504) 300-0700
  • Listing Agent: John Cody Stringer
  • Agent Phone: (504) 655-5577

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.

The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.

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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: 6/1/2024, 12:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$7,973$54,840
2019$8,043$53,240
2018$8,203$53,240
2017$6,025$40,950

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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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-6377990
2
/10

  • Mahalia Jackson Elementary School

  • 2405 Jackson Ave

  • 2.05 miles

  • Public District Grades PK-2

school-card-donut-6377991
5
/10

  • Mary Bethune Elementary Literature/Technology

  • 4040 Eagle St

  • 3.37 miles

  • Public District Grades PK-6

Middle School

school-card-donut-6377992
5
/10

  • Benjamin Franklin Elementary Math and Science

  • 1116 Jefferson Ave

  • 4.21 miles

  • Public District Grades PK-8

High School

school-card-donut-6377993
6
/10

  • McDonogh #35 College Preparatory School

  • 1331 Kerlerec St

  • 0.64 miles

  • Public District Grades 9-12

school-card-donut-6377994
4
/10

  • Eleanor Mcmain Secondary School

  • 5712 S Claiborne Ave

  • 3.39 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 $79,722. The majority of New Orleans, LA residents have income between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 524 Governor Nicholls St

What is the listing price of this property?

The listing price of 524 Governor Nicholls St property is $1,250,000.

What type of property is this?

The property 524 Governor Nicholls St is a condo located in New Orleans, Louisiana, 70116.

Is this property for sale now?

Accepting Backup Offers: 524 Governor Nicholls 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 524 Governor Nicholls 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 5/10
McDonogh #35 College Preparatory School: GreatSchools Rating 6/10
Eleanor Mcmain Secondary School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $7,973 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 524 Governor Nicholls St has 5 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 524 Governor Nicholls St is 4,687 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 524 Governor Nicholls St is 1852.

Rocket Homes›Louisiana›Orleans County›New Orleans›70116›524 Governor Nicholls St

This home is located at 524 Governor Nicholls St in New Orleans, LA and zip code 70116 in the French Quarter neighborhood. This 4,687 square foot home, which was built in 1852, sits on a 0.12 acre lot. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since May 16, 2024 and is currently priced at $1,250,000.

Over 40 listings were sold over their listed price in April 2024 in New Orleans, LA. In the same period over 222 listings were sold below the listed price and 60 listings were sold for the listed price. In April 2024 in New Orleans, LA there were 13.3% more homes for sale than in March 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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