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OT Real Estate experts in BR area

Posted on 11/13/16 at 1:07 pm
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38547 posts
Posted on 11/13/16 at 1:07 pm
To kill some time, I looked online at houses for sale in Rouzan.

Are people really paying from $195 and up to $270 per sq. ft. for these type of houses today?

It makes my neighborhood of $143 per sq. ft. look cheap in comparison.
Posted by djangochained
Gardere
Member since Jul 2013
19054 posts
Posted on 11/13/16 at 1:09 pm to
Look at settlement at willow grove, for 0 lot lines
Posted by jbgleason
Bailed out of BTR to God's Country
Member since Mar 2012
18906 posts
Posted on 11/13/16 at 1:10 pm to
Yes and Rouzan doesn't hold a candle to those places off of Perkins between Bluebonnet and Siegen. People love them some zero lot line homes. They are bad arse custom homes but damn.
Posted by lnomm34
Louisiana
Member since Oct 2009
12611 posts
Posted on 11/13/16 at 1:13 pm to
The only appeal of the zero lot line properties I can see is for retirees who don't have kids or do not want to maintain a yard.

I don't want to hear my neighbor sneeze or listen to him snore.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38547 posts
Posted on 11/13/16 at 1:48 pm to
How much markup are builders getting on these type of homes?

No way material or labor increases anymore than a $143 per sq. ft. house ... unless land is really that much more expensive?
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 11/13/16 at 1:50 pm to
Yes, they are.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38547 posts
Posted on 11/13/16 at 2:00 pm to
I really like the design and overall look of these homes ... but like others have said there is truly is no space between one house and the next.

Not enough built in value for me ...
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 11/13/16 at 2:39 pm to
A large part of the cost is the land because of the location. The interior finishes also contribute a good bit as well as expesive exterior features such as upgraded windows, shutters, etc.

I agree on the density. It's pretty tight for a family, but lots of empty nesters and/or dual professional households seem to like the concept.
Posted by Passing Wind
Dutchtown
Member since Apr 2015
4137 posts
Posted on 11/13/16 at 2:54 pm to
We just signed on a lot in Dutchtown to build. It's $155-$165+ to build per SF. Land is high.

EDIT: For our area they pretty much are declining all new developments until a better water drainage study can be done. So there's that limitation if you want to move, and also the tightly zoned Dutchtown High School area boundaries.
This post was edited on 11/13/16 at 2:57 pm
Posted by LSUEEAlum
Member since Oct 2013
798 posts
Posted on 11/13/16 at 3:11 pm to
Built in BR 3 years ago for $142 per square ft. I am refinancing and my appraisal came back at $163 per sq ft. I couldn't believe it had gone up that much in the last 3 years.
Posted by TheWhizzinator
Holding cell at 201 Poplar
Member since Jun 2008
5163 posts
Posted on 11/13/16 at 3:30 pm to
Bought our house in Capital Heights in 2012 for $164/sq ft and sold in 2015 for $186/sq ft when we had to move to NC. Now the houses are going for over $200/ sq ft.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38547 posts
Posted on 11/13/16 at 4:00 pm to
I live in the Dutchtown School district. Where are you building?
Posted by LucasP
Member since Apr 2012
21618 posts
Posted on 11/13/16 at 4:05 pm to
Because of the way the city is designed, it's quite difficult to find a residence outside of a half mile radius of an elementary school. That's important to some people and they'll pay for it.
Posted by dagrippa
Saigon
Member since Nov 2004
11295 posts
Posted on 11/13/16 at 5:51 pm to
Location location location
Posted by Passing Wind
Dutchtown
Member since Apr 2015
4137 posts
Posted on 11/13/16 at 5:55 pm to
Moving from a neighborhood right on 74 not far down from harvest. Building in Hollows Of Dutchtown.
Posted by Will Cover
St. Louis, MO
Member since Mar 2007
38547 posts
Posted on 11/13/16 at 6:06 pm to
quote:

Building in Hollows Of Dutchtown


Very familiar with that neighborhood.

Who's building your home? CL?
Posted by Passing Wind
Dutchtown
Member since Apr 2015
4137 posts
Posted on 11/13/16 at 6:21 pm to
IL is. Was considering CL, but InL just had the lot we wanted, and they responded faster to initial questions. Felt right. Our house goes on market tomorrow then meeting to finalize plans, and start.
This post was edited on 11/13/16 at 6:22 pm
Posted by Martini
Near Athens
Member since Mar 2005
48847 posts
Posted on 11/13/16 at 6:38 pm to
quote:

Bought our house in Capital Heights in 2012 for $164/sq ft and sold in 2015 for $186/sq ft when we had to move to NC. Now the houses are going for over $200/ sq ft.


Bought my first house in Capital Heights for $35.00 sf sold it 8 years later for $90.00sf

My father bought his first house in Capital Heights for $3,100.00. It was 1700sf with 3 bedroom and 2 full baths and it was 1959.
Posted by baldona
Florida
Member since Feb 2016
20458 posts
Posted on 11/13/16 at 6:52 pm to
I don't live in BR but I live in a zero lot line neighborhood. My lots are 5 ft on each side and that's because 10 feet is a 1 hour fire break, so I've been told. I've been ready to move since maybe a year or 18 months in and we've been here almost 4 years. But I can tell you the low maintenance is great. Most people in here love it though, a lot of young professionals well and really just a lot of people without kids. Most people with kids bought when the market crashed for a good deal.

The major downside is parking, it sucks. We can fit 3 cars in our driveway and one in the garage and then our neighborhood has like 10 guest spots. No parking on the street over night. I'm sure all aren't like this but there's not much room for cars on the street and it helps the neighborhood look a lot better without a doubt.
Posted by PR FIRM
Member since Sep 2016
137 posts
Posted on 11/13/16 at 7:17 pm to
RIGHT! Out of Louisiana.
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