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Message
Calling all Baton Rouge Real Estate Gurus
Posted on 4/22/13 at 9:48 pm
Posted on 4/22/13 at 9:48 pm
The fiance and I are looking at a house in the hundred oaks/ Zeeland area. It's a 4br, 2 bath around 1800 sq ft. Seller is looking for $330K, which I know is way too much. But what would yall consider to be the high end of that market per sq ft of living area? Right now it's listed around $190/ft.
This post was edited on 4/22/13 at 9:55 pm
8
Posted on 4/22/13 at 10:47 pm to Negatiger2
190/ft2 for something that's outdated and will need constant fixing up. No thanks
Posted on 4/22/13 at 10:56 pm to guttata
That's not what I asked, but Its has actually been completely remodeled and rewired. Yes, it is an old house and I am aware there would be a lot of maintenance required, but we prefer houses with character and in a convenient location to a cookie cutter piece of shite on the outskirts of town that will be out of date and worth 50k less than I paid for it in 10 years.
This post was edited on 4/22/13 at 11:53 pm
Posted on 4/22/13 at 11:07 pm to Negatiger2
BR real estate is an enigma to me. No way something that outdated should be over $170/sq ft.
Posted on 4/22/13 at 11:51 pm to Paul Allen
I wouldn't call it outdated. The house is definitely old, but like I said it has been updated throughout. I certainly agree that $190 is way too much per sq ft, but what I cant figure out is what it is actually worth. The comps in the area range between $130-$170 from what I have seen, but why would this guy be asking so much more. I don't even think it would even come close to appraising for what he is asking.
Posted on 4/23/13 at 7:27 am to Negatiger2
quote:
and worth 50k less than I paid for it in 10 years
Going on 7 years and up 20%. Not bad for a cookie cutter piece of shite starter home.
Posted on 4/23/13 at 7:54 am to HeadyMurphey
Exactly. Lived in one of those cookie cutters for 8 yrs and sold it last year for 23% more than I paid for it. In those 8 yrs all I had to do was paint the outside. And I paid $81/ft2 when I bought it. I suggest you talk to the neighbors and find out who the best contractors in the area are and figure out what they are charging before placing a bid. $190/ft2 is insane for something you are going to have to continually put money into.
Posted on 4/23/13 at 8:08 am to Negatiger2
Is it for sale by owner? If so, seller should automatically take less than 6% under fair market value. Ask the experts.
Posted on 4/23/13 at 8:26 am to Negatiger2
quote:
Right now it's listed around $190/ft.
This is just too high. Those areas around the lakes and GD have gotten way too expensive. I'd say $170/ft2 is reasonable.
Posted on 4/23/13 at 8:55 am to Negatiger2
That area it's difficult to price by sq ft. There is so much variation from home to home. Look at how it's built out and see how it compares to others on a case by case basis.
You are looking in a very desirable area btw. Hope it works out, I love it over there.
You are looking in a very desirable area btw. Hope it works out, I love it over there.
Posted on 4/23/13 at 9:36 am to Negatiger2
quote:
but why would this guy be asking so much more.
because that is what you do when you sell a house??
Offer 290 aiming to get right at 300 or 305, that would probably be a good deal for that area.
I wish I had seen that house a month ago, we were looking in that area, but we are closing on a house next week.
LINK
Is this it? If so, cool house.
This post was edited on 4/23/13 at 9:39 am
Posted on 4/23/13 at 10:59 am to TigerRob20
OP sure is defensive of this shite...
Buying with emotion...sure, you won't overpay.
Lulz
Buying with emotion...sure, you won't overpay.
Lulz
Posted on 4/23/13 at 9:01 pm to Negatiger2
That is a really nice house. I love the area and understand the desire to move there. According to tax records, it looks like it was purchased around 2007. Have a realtor look at what was paid for it and then ask them how much improvements were done. That will tell you what they need. I think 2146 Wisteria is a pretty good comp for the house. Add into it a better location and a larger yard and you are right around 300,000.
Posted on 4/23/13 at 10:33 pm to Negatiger2
I know the sellers, very nice couple and they did a really good job on the remodel. The house is solid as a rock, maintenance costs shouldn't be much of an issue. I'm in the market and would buy it in a heartbeat if the price was realistic, but it's 30-40k over-priced according to my realtor and the comps she pulled. 170/ft is the ceiling.
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