#2498825, Carol Richard, Listing office: Engel & Volkers Slidell - Mandeville
Property details
About 318 Wallace Dr
Storybook Cottage in Gentilly, convenient to the French Quarter, Historic Marigny, and Lakefront! This 2 bedroom, 3 full bathroom home embodies both classic New Orleans charm and modern upgrades. Vibrant wildflowers greet you at street side, while gardenias and a fruitful satsuma tree grace the front, leading you to a porch with the most inviting jasmine arch. Step inside to discover beautifully refinished original heart pine floors that run throughout most of the home, complemented by new fans and lighting. The primary suite offers an updated bathroom, freshly painted and featuring a spacious shower and vanity. A newly added third full bathroom is conveniently located near the living area, perfect for entertaining. The guest bedroom includes an updated bathroom with a brand-new vanity, ensuring every bedroom has its private bath. The modern kitchen is equipped with a new pantry and lighting and adjacent is a new laundry enclosure for efficiency and style. Enter a secret passage to the upstairs reading and recreation room, where new, solid bamboo flooring, updated lighting, and a storage closet create an inviting space for relaxation or accommodating additional overnight guests. Outside, the backyard is a gardener's paradise, featuring an automated plant irrigation system for the landscaping, including lemon and pineapple guava trees, roses, a blueberry bush, passionflower vine, and more. The garage studio has been transformed with a large porch, new metal roof, insulated ceiling and walls, a new mini-split for AC and heat, new drywall, upgraded lighting, and a loft storage area. Currently serving as a professional artist's studio, this space is beautifully equipped to inspire and accommodate a wide range of uses. With its robust infrastructure and thoughtful upgrades, this studio is ready to adapt to your lifestyle and passions. Complete with a fully fenced yard and lush lawn. Don’t miss this unique opportunity. Schedule your tour today!
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air, Single Unit
Size1,357 sqft
Year built1958
ParkingDriveway, Off Street
MLS #2513527
Summary
- Full Bathrooms: 3
- Appliances: Microwave, Oven, Range, Refrigerator
- Interior: Attic, Pull Down Attic Stairs, Stone Counters, Stainless Steel Appliances
- Fireplace: None
- Total Bedroom Count: 2
- Parking: Driveway, Off Street
- Exterior: Fence, Porch
- Architectural Style: Cottage
- Heating: Central
- Cooling: Central Air, Single Unit
- List Price: $250,000
- Price/SqFt: $184
- Annual Tax Amount: $71
- Tax Year: 2020
- Lot: City Lot, Rectangular Lot
- Year Built: 1958
- Stories: 2
- Living Area: 1,357 SqFt
- MLS Number: 2513527
- MLS Name: NOMAR
- Office Name: LATTER & BLUM (LATT07)
- Office Phone: (504) 866-2785
- Office Email: ewolford@latterblum.com
- Listing Agent: Jennifer Burch
- Agent Phone: (504) 338-7480
Disclaimer: Copyright © 2025, New Orleans Metropolitan Association of REALTORS©, Inc. All rights reserved. Information deemed reliable, but not verified or guaranteed. Users are responsible for checking the accuracy, completeness, currency, and status of all information. The sharing of MLS database, or any portion thereof, with any unauthorized third party is strictly prohibited. Information contained on this site is believed to be reliable; yet, users of this web site are responsible for checking the accuracy, completeness, currency, or suitability of all information. Neither the New Orleans Metropolitan Association of REALTORS©, Inc. nor the Gulf South Real Estate Information Network, Inc. makes any representation, guarantees, or warranties as to the accuracy, completeness, currency, or suitability of the information provided. They specifically disclaim any and all liability for all claims or damages that may result from providing information to be used on the web site, or the information which it contains, including any web sites maintained by third parties, which may be linked to this web site.
The information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties which consumers may be interested in purchasing.
By using this site, you signify your agreement with and acceptance of these terms and conditions. If you do not accept this policy, please do not use this site in any way. Your continued use of this site, and/or its affiliates' sites, following the posting of changes to these terms will mean you accept those changes, regardless of whether you are provided with additional notice of such changes.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 4:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 23, 2021 | Home Sold | $209,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $17,140 | $- |
| 2022 | $5,280 | $- |
| 2021 | $5,500 | $- |
| 2020 | $5,500 | $71 |
| 2019 | $5,500 | $71 |
| 2018 | $5,500 | $71 |
| 2017 | $5,500 | $57 |
History based on county public records data.
Nearby schools
3
Audubon Charter School - Gentilly
Public Charter PK-4
0.9 mi
•4720 Painters St
4
Kipp East Community
Public Charter PK-6
3.3 mi
•6519 Virgilian St
7
Marie Riviere Elementary School
Public District PK-5
3.6 mi
•1564 Lake Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,000. Typical income of New Orleans, LA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
46%
<35k
48%
35k-100k
6%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
57%
Single, No Kids
15%
Single, with Kids
17%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
7%
<11 yrs old
6%
12-17 yrs old
36%
18-34 yrs old
34%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
Where do the neighbors shop?
IKEA
Banana Republic
H&M
Where do the neighbors go to eat?
Quiznos
Jack In The Box
Chipotle
What do the neighbors drive?
Lexus
Toyota
Volkswagen
What do the neighbors listen to?
Soft Adult Contemporary
Jazz- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 318 Wallace Dr
The listing price of 318 Wallace Dr property is $250,000.
The property 318 Wallace Dr is a house located in New Orleans, Louisiana, 70122.
Active Listing: 318 Wallace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 318 Wallace Dr are: Audubon Charter School - Gentilly (GreatSchools Rating 3/10), Kipp East Community (GreatSchools Rating 4/10), Marie Riviere Elementary School (GreatSchools Rating 7/10), Kipp Believe (GreatSchools Rating 5/10), Mary Bethune Elementary Literature/Technology (GreatSchools Rating 5/10), Arthur Ashe Charter School (GreatSchools Rating 5/10), McDonogh 35 Senior High School (GreatSchools Rating 5/10), McDonogh #35 College Preparatory School (GreatSchools Rating 6/10), Youth Study Center (GreatSchools Rating 1/10).
According to the records, the last property tax for 2020 is $71 (source: MLS/based on county public records data).
The last sale was on December 23, 2021 for $209,000 (source: MLS/tax record).
The property at 318 Wallace Dr has 2 bedrooms and 3 bathrooms.
The property 318 Wallace Dr is 1,357 SqFt (source: MLS/tax record).
The year of construction for 318 Wallace Dr is 1958.
This home is located at 318 Wallace Dr in New Orleans, LA and zip code 70122 in the Dillard neighborhood. This 1,357 square foot home was built in 1958. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 25, 2025 and is currently priced at $250,000.
Over 33 listings were sold over their listed price in June 2025 in New Orleans, LA. In the same period over 275 listings were sold below the listed price and 61 listings were sold for the listed price. Between May and June 2025, New Orleans, LA real estate market has seen increase in the number of listings by 5.1%. The median list price of listings available in June 2025 was $332,200, while the average time on the real estate market was 67 days.
From Rocket Homes Real Estate and based on county public records data.