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1540 Richland Rd, New Orleans, LA, 70114

3beds
1baths
812sqft
$148,900
$183price/sqft
$1,258/moest. monthly cost
$50,320/yrincome needed

About This Home

Income-producing newer-construction single-family home with 3 bedrooms / 1 bath. Low-maintenance asset with strong rental appeal and convenient Algiers location offering quick access to downtown New Orleans. Great option for investors or portfolio buyers.

Getting Around

37
WalkingCar-Dependent
34
TransitSome Transit
51
BikeBikeable

Construction

Condition

  • Property condition: Very Good Condition
  • Year built: 1955

Materials

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

Type & Style

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

Interior

Bedroom

  • Level: Lower
  • Dimensions: x x - to be confirmed

Bedroom

  • Level: Lower
  • Dimensions: x x - to be confirmed

Bedroom

  • Level: Lower
  • Dimensions: x x - to be confirmed

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Fireplace features: None,Other

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 812
  • Total interior livable area: 812 sqft

Property

Details

  • Parcel number: 41001797
  • Special condition: None

Features

  • Levels: One
  • Stories: 1

Lot

  • Lot size: 4,700 sqft
  • Features: City Lot,Rectangular Lot
  • Lot size dimensions: 47 x 100

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 $752$9,024
Home Insurance *$254$3,048
Property Taxes $105$1,260
Electricity $147$1,773
Total$1,258$15,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$43,131/yr
40% on housing$37,740/yr
45% on housing$33,546/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

$183This listing

vs Other Active Listings

Avg $/sqft

ZIP 70114$136
Orleans Parish$177

vs Homes Sold Last Month

Median $/sqft

ZIP 70114$139
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
2026-04-28Listed for sale$148,900
2025-12-04Listing removed$1,195
2025-11-26Price change$1,195
2025-11-19Price change$1,295
2025-11-12Price change$1,395
2025-11-11Listing removed$134,900
2025-11-10Price change$1,295
2025-11-05Price change$1,395
2025-10-31Listed for rent$1,450
2025-04-22Price change$134,900
2024-12-28Listed for sale$138,900
2024-09-13Listing removed$1,700
2024-07-31Listed for rent$1,700
2023-12-03Listing removed--
2023-10-31Listed for rent$1,500
2023-10-30Listing removed--
2023-10-24Price change$1,540
2023-09-13Price change$1,500
2023-08-16Listed for rent$1,700
2023-07-21Sold--
2023-07-06Contingent$119,000
2023-06-23Listing removed--
2023-06-15Listed for sale$119,000
2023-06-05Listed for rent$1,395
2022-01-03Sold--
1987-05-22Sold--

For Sale by Agent

AgentChristopher Talbot
BrokerageTalbot Realty Group

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