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5315 Lafaye St, New Orleans, LA, 70122

3beds
2baths
1,452sqft
$125,000
$86price/sqft
$1,043/moest. monthly cost
$41,720/yrincome needed

About This Home

Charming, 3 Bedroom / 2 Full Bath home located in the heart of Gentilly. Features front porch, wood floors, lots of old charm and fenced yard. Great location near University of New Orleans, Southern University New Orleans, and Lake Pontchartrain. This home is looking for a new owner to add a little TLC. At this great low price, this make a great opportunity for either the investor or owner/occupant looking for a home to add some personal touches. Sold in As-Is condition. No utilities will be connected for inspections. This opportunity won't last long! Call your agent today to schedule our private showing.

Getting Around

43
WalkingCar-Dependent
37
TransitSome Transit
54
BikeBikeable

Construction

Condition

  • Property condition: Average Condition
  • Year built: 1949

Materials

  • Foundation: Raised
  • Roof: Asphalt,Shingle
  • Construction materials: Frame

Type & Style

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

Interior

Appliances

  • Laundry features: Washer Hookup,Dryer Hookup

Bedroom

  • Level: Lower
  • Dimensions: 16 x 12

Bedroom

  • Level: Lower
  • Dimensions: 10 x 10

Bedroom

  • Level: Lower
  • Dimensions: 10.00X10.00

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Den

  • Level: Lower
  • Dimensions: 14 x 10

Dining Room

  • Level: Lower
  • Dimensions: 15 x 12

Features

  • Fireplace features: None

Heating & Cooling

  • Heating features: Other
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,600
  • Total interior livable area: 1,452 sqft

Kitchen

  • Level: Lower
  • Dimensions: 15 x 10

Laundry

  • Level: Lower
  • Dimensions: 10 x 7

Living Room

  • Level: Lower
  • Dimensions: 15 x 12

Property

Details

  • Parcel number: 38W409409
  • Special condition: Real Estate Owned

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch
  • Exterior features: Porch

Lot

  • Lot size: 3,598 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 30 x 120

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
    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 $632$7,584
Home Insurance *$176$2,112
Property Taxes $88$1,056
Electricity $147$1,773
Total$1,043$12,516
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,760/yr
40% on housing$31,290/yr
45% on housing$27,813/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

$86This listing

vs Other Active Listings

Avg $/sqft

ZIP 70122$134
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
2026-02-11Sold--
2004-12-30Sold--

Unknown Listed By

AgentDavid Reso
BrokerageAudubon Realty, LLC

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