2011 May | Baton Rouge Real Estate Appraisers

Archive for May 2011

Lil Boosie Baton Rouge Home Photos In Centurion Place, Home To Be Auctioned Off

http://batonrougerealestateappraisers.net/ – Lil Boosie Baton Rouge Home To Be Auctioned Off, Photos In Centurion Place

According to online news sources, the East Baton Rouge Parish Sheriff’s Office has announced that it will sell the rapper’s home for failure to pay a $375,000 writ on the home owed to Flagstar Bank. Lil Boosie, real name Torence Hatch, remains imprisoned awaiting his murder trial. This home was purchased in 10/2007 for $547,731, which at that time was an incredibly high price for a home in Centurion Place. Before Boosie paid $547,731 for this home, it had been on the market for 473 days, which should have been an indication this home was greatly overpriced. Currently in GBRMLS, this home was listed for $499,000 on 9/16/2010, reduced to $399,000 on 2/15/2011 and was pending as of 3/4/2011 after 170 days on the market. I guess that since this home has been pending now for over 2 months, the East Baton Rouge Parish authorities don’t see an indication that this home will close in time for the auction, not exactly sure.

The red arrow below might be Lil Boosie’s blinged out car in the front of his home.

One local Real Estate Agent desribed this home this way,

“Spectacular home offering something for everyone. The unique floor plan offers options for just about everyone with its multifunctional floor plan. Upon entering the home you’ll be impressed with the huge doors leading to the beautiful foyer area with formal dining to the right and a study/living room to the left. A private entrance from the study into a large bedroom complimented with a luxurious bath features a Jacuzzi tub and oversized shower creating a fabulous split bedroom arrangement or could function as a separate living area for a parent, etc. It also affords an entry into the great room as does front foyer. You’ll be wowed by the beautiful oak flooring in the den, dining and sitting areas as well as the double sided FP which can be enjoyed from the kitchen/breakfast area as well. Varied ceiling heights, solid wood doors, glass transoms, brick wall in kitchen, granite counters, oversize island, wine cooler, gas stove, solid red oak cabinets w/raised panels, an enviable master suite w/a huge walk-in closet, an adjoining office/nursery, master bath w/6′ Jacuzzi tub, oversize shower w/rainfall shower head, custom his/her porcelain sinks w/furniture style vanities. A 3rd bedroom w/a guest bath is also on the 1st floor. The 2nd floor features 635 feet in an L-shaped bonus area. There is also an 19×30 media room complete with theatre lighting. 2 more bedrooms on the 2nd floor. Home engineered to ensure quiet areas throughout. There is much more–have to see to enjoy this one.“

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2007 to May 11, 2011. This information was extracted on 5/11/2011.

AUTHOR’S BIO:

Bill Cobb is Greater Baton Rouge’s Home Appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A home appraiser with 20 years experience, Bill Cobb brings a wealth of knowledge to the table as a home appraiser.

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

Contact Bill Cobb and Accurate Valuations Home Appraisal Group for your next home appraisal:
Office: 225-293-1500, Cell: 225-953-0638
Fax: 1-866-663-6065
info@accuratevg.com
http://www.accuratevg.com/

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Baton Rouge Video Tours: Real Estate Market Report Of Villa Del Rey Subdivision 2011

http://www.appraisersinbatonrouge.com/ – Baton Rouge Real Estate: How Is Villa Del Rey Subdivision Performing Into 2011, Increasing, Declining or Remaining Steady?

Potential $20K Loss. This is an on-going series into the decline of Greater Baton Rouge Home Values and why potential buyers should beware and not pay too much for “some” local overpriced listings. YES, there are overpriced listings in the Greater Baton Rouge Housing Market! Bill strongly recommends in this housing environment to obtain a Pre-Purchase Appraisal to gain ALL of the facts before making a local home purchase decision. In the appraisal I recently completed, the home sold for $155,900 in 2007, a Post Hurricane Katrina high price, and is now on the market for $136,000. If this home sells for $136,000, then homeowner only loses $20,000 and will lose a total of $28,160 after paying the selling commission.

Villa Del Rey Subdivision Baton Rouge

A recent home appraisal in and analysis of Villa Del Rey revealed this interesting finding. From 2009 to 2010 to 2011, the median sales price has declined from $145,000 to $137,500 to now $136,000 (chart below is not updated) into 2011 based only on 3 sales. This drop is due to foreclosure and/or distressed sales. Actually, the chart below is incorrect because GBRMLS reports “38″ solds in 2010, not just 33, with a median of $137,500. Of those 38 sales, 11 or 29% were foreclosures, which is quite high. And, in 2011, the 3 solds only sold for $119,000, $136,000 and $139,000 indicating these sold below market.

THE CORRECTION IN HOME PRICES – This is becoming the familiar “Stair Step Up and Down”…..The Climb And Then Descent Of The Stairs In This Chart Below Visually Explains The Correction!

mls

Villa Del Rey Homes

NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®\MLS for the period of January 1, 2005 to May 3, 2011. This information was extracted on 5/3/2011. YES, permission was granted by GBRMLS to use Subdivision Price Trends Chart Report!

AUTHOR’S BIO:

Bill’s company, Accurate Valuations Group, serves Greater Baton Rouge (East Baton Rouge Parish, West Baton Rouge Parish, Western Livingston Parish and Northern Ascension Parish).

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