3212 Magellan St, New Orleans, LA, 70114
About This Home
Charming All-Brick Cottage with Income Potential! This adorable 2-bedroom, 2-bath home has been beautifully renovated inside and sits on an extra-deep 172-foot lot— outdoor living or future expansion is possible! The open-concept layout features updated flooring, modern fixtures, and a spacious kitchen with contemporary finishes. Currently tenant-occupied with a long-term Section 8 renter paying $1,500/month, this property offers instant income for investors or an option for a 1st-time Buyer looking to use the $55,000 soft second hommeownership grant. Convenient West Bank location just minutes from the city and shopping. Requires 24-hour notice to show.
Getting Around
Car-Dependent
Some Transit
BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1960
Materials
- Foundation: Raised
- Roof: Asphalt,Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Single Family Residence
Interior
Bedroom
- Level: Lower
- Dimensions: 10 x 12
Bedroom
- Level: Lower
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Features
- Fireplace features: None
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,536
- Total interior livable area: 1,536 sqft
Kitchen
- Level: Lower
- Dimensions: 10 x 12
Property
Details
- Parcel number: 513703314
- Special condition: None
Features
- Levels: One
- Stories: 1
Lot
- Lot size: 5,160 sqft
- Features: City Lot,Rectangular Lot
- Lot size dimensions: 30 x 172
Parking
- Parking features: None
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Cold Wave
- Lightning
- Heat Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Louisiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $910 | $10,920 |
| Home Insurance * | $308 | $3,696 |
| Property Taxes | $127 | $1,524 |
| Electricity | $147 | $1,773 |
| Total | $1,492 | $17,904 |
Income You'd Need if You Spent...
Louisiana FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-01 | Price change | $180,000 |
| 2025-11-30 | Listing removed | $1,500 |
| 2025-11-09 | Listed for rent | $1,500 |
| 2025-11-06 | Listed for sale | $195,000 |
| 2024-09-25 | Sold | -- |
| 2024-09-05 | Pending sale | $79,900 |
| 2024-08-14 | Price change | $79,900 |
| 2024-08-05 | Listed for sale | $89,900 |
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