The Metroview Condos at 3805 Houma between East Jefferson Hospital and Veterans Blvd is now an FHA approved condo. This is a big deal as they will become easier to sell and resell for the current owners. The FHA allows you to put 3.5% down on your purchase. At a 4% interest rate you can live here while you build equity. Much cheaper than paying rent at this point. Your monthly principal and interest is $502.17 on the condo if you put down the least amount $3815.
The condo fees are moderate for all the units. They cover exterior insurance, water, some flood, maintenance of common area, and up keep and cleaning daily of the common areas. The $152 condo is moderate for what you gets. Taxes with a homestead exemption on the small units is less than $400 per year.
The Metroview is centrally located in the heart of Metairie. The units start at $109,ooo for the one bedroom town home style unit. There are two and three bedroom condos as well. They are new and have never been lived in. I will have more about these in a later blog.
The Metroview features 2 swimming pools, an exercise gym, gated parking, gated entrance, common areas, pet friendly, private balcony or private patio, new kitchens, professionally managed on site and well taken care of. Walk to at least a dozen places to eat and even mmore to shop as Clearview Mall is 2 blocks away.