Brandywine Condominiums woes a thing of the past

I must give myself a small pat on the back for the hours and hours of work that went into putting this deal together.  We still have a ways to go with the project, but me and my investor have made a HUGE step in turning this complex around for the best.

From the Business Report

Majority interest in Brandywine Condominiums sold

Wednesday, September 2, 2009

The Brandywine Condominiums have had a great deal of bad press lately with rentals not being paid and units being boarded up. Several months ago, the condominium complex had 16 of its 298 units burned down. Originally, the project on Darryl Drive was designed for apartments, but was converted to condominiums in the 1980s. The units were not separately metered, meaning the condominium dues had to include utilities. But when condominium dues were not paid utilities were cut off in many of the units, causing tremendous controversy and resulting in irate tenants allegedly burning down two of the buildings. Recent closings might end the controversy.

DOX Apartments purchased 152 units on Monday, and intends to purchase another 37 units in the next 30 days. Three agents brokered the property with Keller Williams Red Stick Partners: David Vercher, Tim Houk and Michael Cahill. According to Houk, there were five sellers and two closing attorneys involved. Kevin McCleary of McCollister, McCleary & Fazio closed 78 units, and Jacque Favert at Title Plus closed the remainder of the units.”

Stay tuned for the rest of the story!

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
7/6/2009 – 7/13/2009

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 (7/6/2009 – 7/13/2009)

199

$51,454,079/ N/A

$258,563

 N/A

4

$171,800

 N/A

Active Today

3686

$989,141,943/ N/A

$268,351

 N/A

153

$197,750

 N/A

Pending (7/6/2009 – 7/13/2009)

157

$29,676,279/ N/A

$189,020

 N/A

109

$167,500

 N/A



OFF MARKET STATUSES (7/6/2009 – 7/13/2009)

Sold

73

$14,855,442/$14,589,261

$203,499

$199,852

78

$166,900

98%

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
6/15/2009 – 6/22/2009

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 (6/15/2009 – 6/22/2009)

205

$42,978,580/ N/A

$209,651

 N/A

4

$169,950

 N/A

Active Today

3650

$984,481,214/ N/A

$269,720

 N/A

155

$199,900

 N/A

Pending (6/15/2009 – 6/22/2009)

176

$35,356,886/ N/A

$200,891

 N/A

101

$169,200

 N/A



OFF MARKET STATUSES (6/15/2009 – 6/22/2009)

Sold

77

$16,942,945/$16,372,105

$220,038

$212,624

75

$178,000

96%

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
6/8/2009 – 6/15/2009

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 (6/8/2009 – 6/15/2009)

214

$47,090,730/ N/A

$220,050

 N/A

4

$180,000

 N/A

Active Today

3663

$991,737,192/ N/A

$270,744

 N/A

155

$199,724

 N/A

Pending (6/8/2009 – 6/15/2009)

158

$29,988,882/ N/A

$189,803

 N/A

88

$169,450

 N/A



OFF MARKET STATUSES (6/8/2009 – 6/15/2009)

Sold

83

$16,918,939/$16,446,840

$203,842

$198,154

95

$178,000

97%

Jefferson Place Condominiums, Baton Rouge, la 70809

What a remarkable complex in the heart of the city.  Tons of greenspace, walking trails, clubhouse, workout facility, pool, access to almost everything in minutes.  Take a look at these pictures of an upcoming unit and of the model unit.

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/1/2009 – 5/8/2009

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 (5/1/2009 – 5/8/2009)

270

$59,680,645/ N/A

$221,039

 N/A

26

$174,950

 N/A

Active Today

3636

$992,411,961/ N/A

$272,940

 N/A

155

$199,900

 N/A

Pending (5/1/2009 – 5/8/2009)

208

$40,248,786/ N/A

$193,503

 N/A

90

$178,900

 N/A



OFF MARKET STATUSES (5/1/2009 – 5/8/2009)

Sold

133

$27,906,860/$26,971,749

$209,826

$202,795

98

$178,900

96%

Monday Monthly Market Update

Statistics Summaries Report

Category – RESIDENTIAL
Statistics for Entire MLS from
5/25/2009 – 6/1/2009

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 (5/25/2009 – 6/1/2009)

160

$36,149,716/ N/A

$225,935

 N/A

4

$192,250

 N/A

Active Today

3643

$990,189,657/ N/A

$271,806

 N/A

156

$199,900

 N/A

Pending (5/25/2009 – 6/1/2009)

137

$26,222,733/ N/A

$191,406

 N/A

86

$169,900

 N/A



OFF MARKET STATUSES (5/25/2009 – 6/1/2009)

Sold

147

$29,959,986/$29,140,662

$203,809

$198,235

93

$169,500

97%

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%

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%

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