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re: What would you pay per sq ft in Old Metairie?
Posted on 4/9/14 at 6:59 am to LNCHBOX
Posted on 4/9/14 at 6:59 am to LNCHBOX
quote:
I don't understand where the appraisers came up with their number.
The price has a lot to do with the actual land value. Lots between Metairie Road and the railroad tracks are the most valuable probably ranging from between $200K to $400K depending on which street.
Lots on the other side of the railroad tracks near the playground are a little cheaper probably in the $150K to $250K range; same thing goes for the lots on the north side of Metairie Road.
So if you get a good estimate on what the lot by itself is worth, then the price per square foot begins to make a little more sense depending on how new/old the house really is.
Old Metairie is a very interesting area to appraise because one street could have tons of huge homes and nice oak trees etc and then the next street over could have a lots of small, old cottages.
Posted on 4/9/14 at 7:52 am to Neil Caffrey
Bath St is one of the streets we're looking at. Lot is 60 by 100. Good mix of old cottages and big new construction, so I think the value is there for me to get in on the cheaper end and eventually build to what I want later down the road.
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