Spanish Revival home in New Orleans, LA
A Spanish Revival multifamily home in New Orleans, LA, it offers 4 bedrooms and 2 bathrooms across 2,240 square feet. Standout details include lake / river / water view, deck / patio, and large backyard / lot.
| Price | $525,000 |
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| Beds | 4 |
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| Baths | 2 |
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| Sqft | 2240 |
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| Architectural style | Spanish Revival (33% match) |
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| Address | 6885 87 Catina Street, New Orleans, LA 70124 |
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Why buy this home
- Confirmed Spanish Revival architecture, matched from the listing photos by Enzo's vision model.
- Features: deck / patio, lake / river / water view, large backyard / lot.
- Links directly to the original source listing on Estately.
Is this a good buy?
Priced a little above the area.
- The median for 41 similar Spanish Revival homes in New Orleans, LA is $525K.
- That works out to $234 per square foot, 16% above the $201 comparable rate.
| This home | $525,000 |
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| Spanish Revival median in New Orleans, LA | $525,000 (41 homes) |
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| Price per sq ft | $234 vs. $201 comps median |
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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 $3,316/month with 20% down at a 7.28% 30-year fixed rate. You would need about $142,096 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,874/mo |
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| Property tax (new-buyer reassessed rate) | $245/mo |
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| Homeowners insurance | $197/mo |
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| Total monthly | $3,316/mo |
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| Down payment (20%) | $105,000 |
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| Income needed | $142,096/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 C- (51 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 | C- (51/100) |
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| Beats renting in | 7% of modeled paths |
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| Modeled 5-yr equity (median) | $203,488 |
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| Range (10th to 90th pct) | $108,684 to $320,799 |
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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 Estately