2928 Edward Avenue, Baton Rouge, La 70808 Zeeland Place subdivision

Wow!!

One of a kind home, featured on HGTV and winner of Baton Rouge Growth Coalition’s Good Growth Award for renovation and landscaping, located in the popular but rarely available area near Reymond Avenue. Built in the 1930′s, this home was lovingly restored by the owners, an interior designer and landscape architect. Every room has a “tree house’ effect, with lovely views of gardens and treetops. The entire original home was kept but converted into different space and over 3000 square feet were added, including a true basement. Most of the original materials were salvaged and re-used in various parts of the home. The beautifully landscaped backyard features a saltwater pool and outdoor kitchen cabana, and tree house. All of the materials are of the highest quality and design. This home “lives’ comfortably yet is a wonderful setting for entertaining. There are two stairways, one from the kitchen and the other is the main stairway. The basement is large enough to be a game room, media room or home office. It can be accessed from the main house, but also has a separate entry so that visitors to that area need not enter the main house. The second floor has 3 bedrooms, 2 baths, an office nook, and another large living area. There is an abundance of storage, two car attached garage, and owners are currently enlarging the master closet which can be customized for future owner. Home is covered by Old Republic Home Warranty, transferrable to buyer.

2928 Edward, Zeeland st subdivision

2928 Edward, Zeeland st subdivision

Zeeland place subdivision

Zeeland place subdivision

4113 Pine Park, Baton Rouge, La 70809

4113 Pine Park, Baton Rouge, La 70809

4113 Pine Park, Baton Rouge, La 70809

ABUNDANT, ELEGANT FEATURES, AMENITIES IN THIS UPDATED CUSTOM BUILT HOME (DESIGNED BY DIXON SMITH, BUILT BY JIM SMITH) WITH QUALITY CRAFTSMANSHIP NOT COMMON IN THIS PRICING UNDER $120. SF! LARGE AND PRIVATE, PROFESSIONALLY LANDSCAPED LOT THAT BACKS UP TO ESTATE ACREAGE, TREES. FABULOUS PATIOS, PORCHES, ARBOR, WATER FEATURE WITH FOUNTAIN EQUALS WONDERFUL ENTERTAINING OUTSIDE! BEAUTIFULLY DESIGNED RESIDENCE ON CORNER LOT, IMPRESSIVE CURB APPEAL, NEW ARCHITECTURAL ROOFING, NEW PAINT INSIDE AND OUTSIDE, REFINISHED WOOD FLRS, NEW CARPET, 3 CM SOLID SLAB MARBLE KITCHEN COUNTERS, NEW UPSCALE KITCHEN AIDE AND BOSCH SS APPLIANCES, 5 BURNER MONOGRAM COOKTOP, SEP. ICE MAKER APPLIANCE, ELEGANT LITTLE BAR CLOSET, DESIGNER CERAMIC TILED PANTRY SHELVING AND LAUNDRY COUNTERS, SOLID CYPRESS DOORS, NEW WALL FINISHES AND SO MUCH MORE! LOTS OF FRENCH DOORS FROM MANY ROOMS INCLUDING MASTER BR THAT OVER LOOK PRIVATE REAR YARD WITH SPECTACULAR LANDSCAPING. INDOOR/OUTDOOR FLOWS EASILY WHEN GIVING PARTIES. THE FORMAL ENTRY AND LIVING ROOM WITH WOOD BURNING FIREPLACE IS WARM AND WELCOMING. MASTER BR HAS ROMANTIC FIREPLACE# 2 WITH ORNATE RETURN AIR GRILL, HIS AND HER BUILT IN COMPUTER/DESKS BEHIND 9 FT SOLID CYPRESS DOORS, PRIVATE FRENCH DOORS TO COVERED PORCH WITH GORGEOUS VIEWS. ENJOY THE SURPRIZE ENTRY TO THE MASTER WING OF THE HOME WITH A WALL OF BOOK SHELVING BUILT INS ON ONE SIDE AND A SPACIOUS, COMFY WINDOW SEAT AND HUGE WINDOW ON THE OTHER SIDE/ VIEW OF FOUNTAIN. THE UPSTAIRS 3 BEDRMS HAVE CLOSETS GALORE AND A “SECRET PLAYCLOSET” FOR CHILDREN. LOTS OF STORAGE, CABINETS, FINE DETAILING THROUGHOUT. THERE’S A GREENHOUSE TOO! THIS IS THE CUSTOM HOME OF YOUR DREAMS IN ONE OF THE MOST COVETED AREAS OF SOUTH BATON ROUGE. BEST IN VALUE

Monday Monthly Markete Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/18/2009 – 5/25/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (5/18/2009 – 5/25/2009)

212

$45,833,025/ N/A

$216,194

 N/A

6

$185,450

 N/A

Active Today

3683

$996,220,098/ N/A

$270,491

 N/A

156

$199,900

 N/A

Pending (5/18/2009 – 5/25/2009)

159

$31,031,628/ N/A

$195,167

 N/A

98

$165,000

 N/A



OFF MARKET STATUSES (5/18/2009 – 5/25/2009)

Sold

89

$17,407,100/$16,972,475

$195,585

$190,702

97

$174,500

97%

Central thruway work continues

Work  will begin this week on one of the Central Thruway projects that will eventually form part of a route that officials say will provide an improved north-south connection from Nicholson Drive to Hooper Road. The Central Thruway as a whole will cost about $70 million, including about $50 million in local money and $20 million in federal funds, and is one of the largest public works projects in East Baton Rouge history. This project features 2 bridges and will cost about $9.5 million. This is the fourth of nine Central Thruway projects, and the 14th Green Light Plan project, to begin construction. The new project is scheduled for completion in early 2011; officials don’t yet have an anticipated completion date for the Thruway

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/11/2009 – 5/18/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



ON MARKET STATUSES

New (5/11/2009 – 5/18/2009)

194

$44,723,071/ N/A

$230,531

 N/A

4

$189,070

 N/A

Active Today

3675

$990,110,886/ N/A

$269,418

 N/A

156

$198,000

 N/A

Pending (5/11/2009 – 5/18/2009)

171

$33,948,783/ N/A

$198,531

 N/A

90

$169,900

 N/A



OFF MARKET STATUSES (5/11/2009 – 5/18/2009)

Sold

58

$9,968,166/$9,717,765

$171,865

$167,548

82

$154,975

97%

$8,000 tax credit can be used as down payment

100% financing is no longer available , inside the city limits, but this is close enough! While it is not immediately available, it is coming very soon.  The eight thousand dollar tax credit can be applied to down payment.  Keep in mind that when using this money, you have to stay in the home for at least three years.

From www.REALTOR.org

WASHINGTON, May 12, 2009
Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the
Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
Donovan’s remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo here.
Secretary Donovan said that important changes, which the National Association of Realtors® has been calling for, will help consumers purchase a home. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment,” Donovan said. According to Donovan, the FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

Here is a summary of the Tax credit

Baton Rouge real estate foreclosures on the rise

I blog about this quite frequently.  It appears we are starting to feel the pinches of the recession in housing market.  According to the Baton rouge Business Report,

“Louisiana still ranks low for foreclosures, even though percentage of
homes facing seizure went up by nearly 79% in April, when compared to
the year before. According to RealtyTrac, one out of every 1,653 homes
in Louisiana is foreclosed, compared with the national average of one
out of every 374 houses. That put the state 38th in foreclosures during
April. The number of foreclosures nationally went up by 32% in April,
when compared with April 2008. Nevada once again had the highest
foreclosure rate, with one out of every 68 houses facing bank seizure.
Vermont was once again ranked last; there were two foreclosures in the
whole state during April. RealtyTrac says April had the highest number
of foreclosures since it started keeping an eye on the numbers three
years ago.”

While searching for properties this morning I noticed quite a few short sales (pre-foreclosures) just in general listings.  What is NOT helping is just how dang hard it is to get a mortgage to help eliminate some of this inventory.  Stay posted for more updates on Baton Rouge Real Estate foreclosures

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/4/2009 – 5/11/2009

Category:1
Counties:ASC,EBR,LIV


 

 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP


 

Active Today

3662

$988,348,865/ N/A

$269,893

 N/A

156

$199,000

 N/A


 

Pending

172

$33,453,757/ N/A

$194,499

 N/A

92

$174,900

 N/A

Sold

61

$11,265,399/$11,010,999

$184,679

$180,508

92

$180,000

97%

New

191

$39,835,272/ N/A

$208,562

 N/A

4

$175,000

 N/A

First Time home buyers benefit from housing slump

Let me start off by saying…I am busy.  Not that I don’t have my fair share of people that are buying their second or third homes. Its first timers that are a majority of my clientele. While the baton rouge real estate market is vastly different thatelsewhere, here is a very interesting article that was on msnbc.
One part that struck my interest : “First-time buyers like Kalaitzidis are dominating the real estate market right now. They snapped up 53 percent of all properties sold during March 2009, up from the usual 40 percent or less, according to data from the National Association of Realtors.”

Wow!  now thats amazing

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
4/27/2009 – 5/4/2009

Category:1
Counties:ASC,EBR,LIV



 

Total

Total List/Total Sold

Avg List

Avg Sold

Avg DOM

Median Price

%SP/LP



Active Today

3672

$993,881,630/ N/A

$270,665

 N/A

155

$199,000

 N/A



Pending

168

$31,000,962/ N/A

$184,530

 N/A

81

$170,400

 N/A

Sold

146

$29,133,838/$28,092,122

$199,547

$192,412

95

$163,950

96%

New

198

$46,302,951/ N/A

$233,853

 N/A

4

$188,700

 N/A