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402 Wallace Dr, New Orleans, LA, 70122

2beds
2baths
1,011sqft
$209,000
$207price/sqft
$1,646/moest. monthly cost
$65,840/yrincome needed

About This Home

This precious Gentilly home has been freshly updated and is waiting for you! This well thought out floor plan uses every inch of space with your convince and comfort in mind. Sip your morning coffee on the precious front porch. Step into modern luxury with the beautiful vinyl plank floors throughout the living, kitchen, and bedrooms. This home boasts two private, spacious bedrooms and two modern, luxurious full bathrooms. The kitchen features new stainless appliances, and granite countertops. Step out to your large backyard, perfect for entertaining, featuring a new wood privacy fenced and continued driveway parking for all of your favorite toys.

Getting Around

57
WalkingSomewhat Walkable
42
TransitSome Transit
53
BikeBikeable

Construction

Condition

  • Property condition: Excellent
  • Year built: 1950

Materials

  • Foundation: Raised
  • Roof: Shingle

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Range

Bedroom

  • Level: Lower
  • Dimensions: 12.9 x 11.7

Bedroom

  • Level: Lower
  • Dimensions: 12.9 x 13

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: Lower
  • Dimensions: 13 x 12.9

Features

  • Ceiling Fan(s),Granite Counters,Stainless Steel Appliances
  • Fireplace features: None

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,1 Unit

Interior Area

  • Total structure area: 10,106
  • Total interior livable area: 1,011 sqft

Kitchen

  • Level: Lower
  • Dimensions: 11.1 x 9.9

Laundry

  • Level: Lower
  • Dimensions: 4.1 x 3.3

Living Room

  • Level: Lower
  • Dimensions: 13.5 x 13

Property

Details

  • Parcel number: 37W422112
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Exterior features: Fence

Lot

  • Lot size: 5,000 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 40 x 125

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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
    HurricaneVery High
  • Cold Wave
    Cold WaveRelatively High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Cold Wave
Lightning
Hail
Heat Wave
Winter Weather
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 $1,056$12,672
Home Insurance *$295$3,540
Property Taxes $148$1,776
Electricity $147$1,773
Total$1,646$19,752
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,434/yr
40% on housing$49,380/yr
45% on housing$43,893/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

$207This listing

vs Other Active Listings

Avg $/sqft

ZIP 70122$133
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70122$145
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)

Price History

DateEventPrice
2026-01-08Listed for sale$209,000
2025-02-26Sold--
2024-12-14Contingent$99,000
2024-10-24Listed for sale$99,000

For Sale by Agent

AgentRena Porter
BrokerageEpique Realty

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