The Uptown condos located at 4007 St. Charles Ave. New Orleans, La. 70115 are becoming a much better pick than most people currently know. It is undergoing a transformation from a complex of more elderly to more of a mix of young, middle and older. You are seeing students and second homers buying because they do offer a lot. When you see this transformation taking place you can get some fairly good deals.
Location…..Being on St. Charles Ave between Marengo and Constantinople you are halfway to downtown and halfway to Audubon Park, Tulane University and Loyola University. This puts it close to the medical schools as well. You are on the streetcar line for easy transportation. You can view all the St. Charles Ave. Mardi Gras parades as well.
Parking…..The units have gated parking which is not common for complexes in this price range. It is easily worth 10k-15k in this area of town. There is an elevator as you enter as well as stairs from all sides.
Prices….You can buy a unit in the 160k range. More for condos that have been updated and less for condos that are nice but have not completely updated. The condo fees are very reasonable coming in at less than $170 per month.
Easy Floor plan….That features large bedroom with windows to the outside and a large living area that faces the courtyard. The kitchens are small but then most are for a one bedroom unit. Most of the units are one bedroom condos at about 650 sq. ft. of living. Decent amount of closets.
The only downsize that I see is lack of washer and dryers in each unit. There is a community wash and dry area. Some of the owners have put washer and dryer unit in but not the majority.
The complex is well kept….. and features an updated pool, secure entrance and management that has made many improvements and upgrades over the last 3-4 years. This will keep your values when you see well kept common areas such as you see here.
There are currently 3-4 units for sale in the complex that are in really good shape. I think the pricing has leveled out and now is a good time to purchase in this complex. Many of the sellers have lived there for long periods of time giving them a low cost basis.
The main features are location, price and improving quality for condos in this price range. There have been 4 sales since the beginning of 2009. There is one condo currently under contract. There are 4 active listing priced at 157k, 165k, and 169 k. There is one larger unit for 183k. All the smaller condos are more recent listings and could be most likely had in the low 160s or 150s.