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5240 Burgundy St, New Orleans, LA, 70117

2beds
1baths
1,250sqft
$159,000
$127price/sqft
$1,434/moest. monthly cost
$57,360/yrincome needed

About This Home

A genuine New Orleans original — and one of the most soulful homes at this price point in the city sits in the Historic Holy Cross neighborhood, a stone's throw from the mighty Mississippi River. Built in solid brick on a corner lot, this home features high ceilings, antique heart-pine floors, and a well-designed interior with a full kitchen with stainless appliances, indoor laundry, and two generous bedrooms with large closets. The standout feature: a workshop converted into a private studio with its own rear yard entrance. This is the kind of creative space — room for what you make, what you build, what you create — that simply doesn't come with most homes at any price. Historic Holy Cross is one of New Orleans' most authentic neighborhoods, with the river levee and Crescent Park connection nearby.

Getting Around

43
WalkingCar-Dependent
35
TransitSome Transit
69
BikeBikeable

Construction

Condition

  • Property condition: Very Good Condition
  • Year built: 1969

Materials

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

Type & Style

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

Interior

Bedroom

  • Level: Lower
  • Dimensions: 12 x 12

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Lower
  • Dimensions: 12 x 12

Features

  • Fireplace features: None

Heating & Cooling

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

Interior Area

  • Total structure area: 1,500
  • Total interior livable area: 1,250 sqft

Kitchen

  • Level: Lower
  • Dimensions: 12 x 10

Laundry

  • Level: Lower
  • Dimensions: 8 x 11

Living Room

  • Level: Lower
  • Dimensions: 12 x 12

Master Bedroom

  • Level: Lower
  • Dimensions: 12 x 12

Property

Details

  • Parcel number: 39W111604
  • Special condition: None

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: Fence

Lot

  • Lot size: 6,413 sqft
  • Features: Corner Lot,City Lot
  • Lot size dimensions: 53 x 121

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 $803$9,636
Home Insurance *$247$2,964
Property Taxes $237$2,844
Electricity $147$1,773
Total$1,434$17,208
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$49,165/yr
40% on housing$43,020/yr
45% on housing$38,240/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

$127This listing

vs Other Active Listings

Avg $/sqft

ZIP 70117$126
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70117$178
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
2026-04-20Price change$180,000
2025-07-18Listed for sale$185,000
2025-07-11Listing removed$177,500
2025-06-19Price change$177,500
2025-04-07Price change$195,000
2025-01-15Price change$199,000
2025-01-13Listed for sale$220,000
2014-11-12Sold--
2014-09-19Price change$85,000
2013-05-30Listed for sale$98,000

For Sale by Agent

AgentLara Schultz
BrokerageREVE, REALTORS

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