Colonial home in New Orleans, LA
This 2,730-square-foot Colonial home in New Orleans, LA includes 4 bedrooms and 2.5 bathrooms. Its Colonial character defines the property's look.
| Price | $275,000 |
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| Beds | 4 |
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| Baths | 2.5 |
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| Sqft | 2730 |
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| Architectural style | Colonial (53% match) |
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| Address | 3757 Mimosa Ct, New Orleans, LA 70131 |
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Why buy this home
- Confirmed Colonial architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $275K, this home is 61% below the $710K median for 38 similar Colonial homes in New Orleans, LA.
- That works out to $101 per square foot, 47% below the $190 comparable rate.
- On the market 51 days, longer than usual here, so the seller may be open to offers.
| This home | $275,000 |
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| Colonial median in New Orleans, LA | $710,000 (38 homes) |
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| Price per sq ft | $101 vs. $190 comps median |
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It is well below comparable homes, which can mean condition issues, a smaller lot or living area, a leasehold, or a data quirk. Check the source listing before getting excited. Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $1,737/month with 20% down at a 7.28% 30-year fixed rate. You would need about $74,431 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,505/mo |
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| Property tax (new-buyer reassessed rate) | $128/mo |
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| Homeowners insurance | $103/mo |
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| Total monthly | $1,737/mo |
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| Down payment (20%) | $55,000 |
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| Income needed | $74,431/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home D (44 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | D (44/100) |
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| Beats renting in | 5% of modeled paths |
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| Modeled 5-yr equity (median) | $97,730 |
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| Range (10th to 90th pct) | $48,911 to $154,184 |
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A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward New Orleans, LA where local data is thin.
Local home values
Typical home values in New Orleans, LA have fallen about 6% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia