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Any Baton Rouge metro area homeowners seeing a large jump in appraisal (non flooded homes)

Posted on 12/18/17 at 11:32 am
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78713 posts
Posted on 12/18/17 at 11:32 am
Shortly after the August flood of 2016 there was talk about homes that didn’t flood exponentially rising in value.

Anyone in EBR, Ascension or Livingston that didn’t flood seeing a large increase in their home’s value?
Posted by Boudreaux35
BR
Member since Sep 2007
22281 posts
Posted on 12/18/17 at 11:33 am to
I saw a semi large jump and mine DID flood.
Posted by c on z
Zamunda
Member since Mar 2009
131108 posts
Posted on 12/18/17 at 11:37 am to
Didn't you ask this question before?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78713 posts
Posted on 12/18/17 at 11:37 am to
Which parish?
Posted by Glock17
Member since Oct 2007
23191 posts
Posted on 12/18/17 at 11:38 am to
A house on street over from mine that did flood is currently listed at about 30K more than I paid for mine right before the flood. I don't think they've gotten much interest though. In Livingston parish.
Posted by ShoeBang
Member since May 2012
22346 posts
Posted on 12/18/17 at 11:39 am to
I just bought a house in AP and I am praying the appraisal goes very well and I get some built in equity.

Appraisal actually came back 10k higher than my purchase price. I is a happy camper.
This post was edited on 12/18/17 at 3:09 pm
Posted by oVo
Member since Dec 2013
11983 posts
Posted on 12/18/17 at 11:39 am to
Due to white flight
Posted by LSUsmartass
Scompton
Member since Sep 2004
82755 posts
Posted on 12/18/17 at 11:46 am to
quote:

A house on street over from mine that did flood is currently listed at about 30K more than I paid for mine right before the flood. I don't think they've gotten much interest though. In Livingston parish.



I guess with all the updates people think they can get a premium.

I'm currently house shopping in the area, and am finding that rehabilitated flooded houses are much nicer because of the updates.
Posted by Boudreaux35
BR
Member since Sep 2007
22281 posts
Posted on 12/18/17 at 11:46 am to
quote:

Which parish?


Livingston
Posted by BengalBlood81
Member since Oct 2014
1359 posts
Posted on 12/18/17 at 11:53 am to
I flooded in ebr. Renovated it very well. Sold it first weekend it was on the market. Multiple offers over full price. Price was over 10% over what I paid for it 6 years ago.
Posted by BeaverPRO
Tampa
Member since Aug 2009
16265 posts
Posted on 12/18/17 at 11:54 am to
Sold my house in South BR last December for 8% increase after owning the house for 4 years. The house was on the market for a week with multiple offers and sold after to a cash buyer for asking price...I can only imagine what they are going for now, after people don't want to live in their "rebuilt" houses for a year.
Posted by LSU fan 246
Member since Oct 2005
90567 posts
Posted on 12/18/17 at 12:08 pm to
I think all your fat is clogging your already subpar brain

You've made this thread like 3 times already
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
60296 posts
Posted on 12/18/17 at 12:09 pm to
I live just off Millerville in EBR and we have a house in our neighborhood that was purchased in 07/16, flooded, was remodeled and then sold back in May for just under $10k over what it had been bought for pre-flood.

Zillow is saying my estimate has increased $15k from when we bought it in 2014, but you can only take those estimates with a grain of salt.
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 12/18/17 at 12:12 pm to
Yes, see here
Posted by LuckySo-n-So
Member since Jul 2005
22756 posts
Posted on 12/18/17 at 12:36 pm to
Zillow tells me my house in Shenandoah is worth 50k more than what I paid for it in 2014.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 12/18/17 at 12:39 pm to
its a back door tax hike you cant vote against so they can give themselves raises
Posted by MorbidTheClown
Baton Rouge
Member since Jan 2015
76784 posts
Posted on 12/18/17 at 12:42 pm to
quote:

Ascension


i know of 2 houses on our street that sold for roughly $30k more than the original purchase price.
This post was edited on 12/18/17 at 12:43 pm
Posted by Brageous
Member since Jul 2008
107724 posts
Posted on 12/18/17 at 12:43 pm to
Mine has increased about 20% since July. Pretty insane and got in at the perfect time. EBR.
Posted by LouisianaLonghorn
Austin, Texas
Member since Jan 2006
15939 posts
Posted on 12/18/17 at 1:04 pm to
Yep. Part of the Sharon Weston Broome effect. Get ready for a property tax increase to help offset the funds that the city will lose once St. George is formed. She’s gotta fund NBR somehow.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 12/18/17 at 1:07 pm to
quote:

Zillow tells me my house in Shenandoah is worth 50k more than what I paid for it in 2014.



It might be true, but don't ever trust "Zestimates".

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