This is a new listing in the Cotton Mill Condos in the New Orleans Warehouse District. It is a large complex where I have sold over 30 condos. It remains one of the best places to purchase a condo for under $200,000. The problem now is that there are very few condos listed for sale and the ones that do come on the market sell rather quickly in 2012.
There are several reason for the sales trending up. The Cotton Mills is easy to get financing as it has been approved for FHA loans. One of the few complexes in New Orleans. This means if you are an owner occupied owner you can put down 3.5% as a down payment. The condo fees remain very moderate for all that you get.
The featured amenties are a large courtyard, large pool, large party room and grilling area, a large gym, secure entrance, on site management and 24 hour security. None of the units have parking but you can park across the street for $125 per month. There are several other lots also available and you can still park on the street.
The condo is listed at $189,272 and is in very good condition in a great location on the second floor over looking the large courtyard. The features include an open floor plan with lots of natural light, courtyard views, very quiet area , wood floors throughout, excellent exposed brick, two large windows and has recently been painted. Has a storage area above the bath and laundry room. Lots of beams and has an open feel. The condo is 726 sq. ft. which is a nice size for a warehouse condo with 18 foot ceiling.
The condo has been recently painted and looks great. The kitchen is nice but has not been upgraded but could easily be. The floor plan is a open feel with the original hard wood floors. Its an easy walk to the elevator but an easier walk to an exit about 20 feet away from the unit to the sidewalk below.
Once agan this is a hard complex to beat for that Warehouse District feel for under 200k. It now gets looked at by a lot more second homers as its a nice place to hang out. The World War II Museum is a block away and the new Rouses Supermarket is a few blocks away. The trnes for the area are looking up and so is the Cotton Mill Condos. More Photos at New Orleans Condos under featured condos.