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7200 S Claiborne Ave, New Orleans, LA, 70125

8beds
4baths
3,058sqft
$249,000
$81price/sqft
$1,949/moest. monthly cost
$77,960/yrincome needed

About This Home

Exceptional opportunity to restore a stately historic residence full of character and architectural charm. This spacious two-story home showcases timeless features including arched windows and doors, a grand elevated front terrace, mature live oak trees, and an impressive street presence. The interior has been substantially gutted to the studs, providing a blank canvas for investors, developers, or buyers looking to customize every detail while preserving the home's original character. Much of the demolition has already been completed, allowing you to focus on rebuilding and bringing your vision to life. The property offers off-street parking, an attached garage/storage area beneath the home, and is situated on a prominent corner lot with excellent curb appeal. With its generous size and flexible layout, the home presents exciting possibilities for creating multiple living spaces or tenant accommodations, subject to zoning and municipal approval. Whether your vision is a grand single-family residence, an income-producing investment, or a mixed-use redevelopment, this property offers exceptional potential. Bring your contractor and imagination—opportunities like this are increasingly hard to find!

Getting Around

75
WalkingVery Walkable
54
TransitGood Transit
75
BikeVery Bikeable

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1945

Materials

  • Foundation: Raised
  • Roof: Shingle
  • Construction materials: Concrete

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse,Quadruplex,Multi Family,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4
  • Full bathrooms: 4

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 3,058 sqft

Property

Details

  • Parcel number: 615312406
  • Special condition: Real Estate Owned

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Balcony
  • Exterior features: Balcony

Lot

  • Lot size: 8,928 sqft
  • Features: Outside City Limits,Oversized Lot
  • Lot size dimensions: 124/100 x 72

Parking

  • Parking features: Off Street

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
    HurricaneRelatively High
  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Cold Wave
Heat Wave
Lightning
Tsunami

FEMA Declared Disasters Across Louisiana Counties

Flood
Hurricane
Other
Severe Storm
Tornado
Tropical Storm
Winter Storm

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

MonthlyAnnual
Mortgage $1,259$15,108
Home Insurance *$283$3,396
Property Taxes $176$2,112
Electricity $231$2,774
Total$1,949$23,388
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,822/yr
40% on housing$58,470/yr
45% on housing$51,973/yr

Louisiana FAIR Plan Programs

Louisiana Citizens Property Insurance Corporation

Covered
WildfireWildfire
Visit Website →

Louisiana Citizens Property Insurance Corporation - Coastal Plan

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 151,075Commercial: 10,572
Total Premiums$518.28M
Total Exposure$41.71B

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.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 5.3%
5.3%
0%15.0%
Property Taxes Growth Rate2-year average: 4.1%
4.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$81This listing

vs Other Active Listings

Avg $/sqft

ZIP 70125$133
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70125$182
Orleans Parish$199

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)

No zestimate history available

Price History

DateEventPrice
2021-11-18Sold--
2021-09-16Pending sale$400,000
2021-07-29Listed for sale$400,000

Unknown Listed By

AgentJeffery Melancon
BrokerageRE/MAX Synergy

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