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Message
$400/sq ft for 7th Ward house
Posted on 12/23/20 at 9:28 am
Posted on 12/23/20 at 9:28 am
WTF is the seller thinking?! I like how the zillow estimate isn't even half the asking price. No one's going to pay half-a-mill to live a block north of Manchus.
LINK
LINK
This post was edited on 12/23/20 at 9:30 am
27
Posted on 12/23/20 at 9:30 am to yaboidarrell
That’s a rough street too. That asking price is laughable.
Posted on 12/23/20 at 9:30 am to yaboidarrell
Isn’t the going rate on trap houses “the value of six years of income”?
Posted on 12/23/20 at 9:30 am to yaboidarrell
Atleast its wearing a mask
Posted on 12/23/20 at 9:31 am to yaboidarrell
Gotta start somewhere with gentrification
Posted on 12/23/20 at 9:32 am to yaboidarrell
New Orleans real estate has been arguably the most enigmatic market in the country going now well over a decade.
I’ve asked numerous "Experts" about this and get different views from everyone I ask. None with a straightforward reason why. It’s puzzling to everyone.
I’ve asked numerous "Experts" about this and get different views from everyone I ask. None with a straightforward reason why. It’s puzzling to everyone.
Posted on 12/23/20 at 9:35 am to yaboidarrell
Unless the lot has some special zoning that price is crazy.
Posted on 12/23/20 at 9:36 am to yaboidarrell
If it burned down today, you might get $150-160k from the insurance company. Most likely less.
Love being able to see underneath the house from the street.
Love being able to see underneath the house from the street.
Posted on 12/23/20 at 9:36 am to yaboidarrell
FSBO. There’s your answer
Posted on 12/23/20 at 9:36 am to yaboidarrell
quote:
WTF is the seller thinking?!
The seller appears that they do not want to sell that house.
It might be a divorce issue with a forced sale of the house. My guess is that one party does not want to sell and is thus listing at an absurd price for the area.
Posted on 12/23/20 at 9:39 am to Rouge
Wondering why you would want to newly renovate the house with hardwood floors and quartz countertops in that proximity to the hood.
Covering a turd in gold isn’t going to increase the value much, as it likely would cause the gold to lose value too.
Covering a turd in gold isn’t going to increase the value much, as it likely would cause the gold to lose value too.
Posted on 12/23/20 at 9:39 am to Paul Allen
quote:
New Orleans real estate has been arguably the most enigmatic market in the country going now well over a decade.
The New Orleans real estate market is insane. I keep saying it has to pop at some point, but it keeps going. I guess with people being able to work remotely it could keep rising even despite the current economy.
Posted on 12/23/20 at 9:43 am to yaboidarrell
They should show the inside since it’s newly renovated lol
Paying for proximity to esplanade.
Should be 390-400k
Paying for proximity to esplanade.
Should be 390-400k
Posted on 12/23/20 at 9:45 am to Swagga
It has always been over the top. I assume its about location and availability to be the drivers
Posted on 12/23/20 at 9:45 am to yaboidarrell
You know how hardheaded those 7th ward sellers can be, especially in this market.
Posted on 12/23/20 at 9:46 am to Lester Earl
Should be 250k. That area is still terrible .
Posted on 12/23/20 at 9:47 am to mmonro3
Description: "Haunted with ghosts! Ghost from Katrina!"
Posted on 12/23/20 at 9:49 am to mmonro3
It’s mixed but not terrible
Posted on 12/23/20 at 9:51 am to Paul Allen
quote:
I’ve asked numerous "Experts" about this and get different views from everyone I ask. None with a straightforward reason why. It’s puzzling to everyone.
It's because of the geography of New Orleans compared to other cities. New Orleans is an island. There is no available land outside of the city without crossing a body of water. Considering this feature with the city being 300 years old, and there are no large plots of land to develop new suburbs. So, the price of property is driven up.
Posted on 12/23/20 at 9:52 am to yaboidarrell
Not sure about you guys, but I love dropping over half a mil on a house
quote:
Year built:1948
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