Categories

Archives

Archive for the 'French Quarter' Category

The Colonial Condos at 1301 N. Rampart steps from the New Orleans French Quarter

1301 N. Rampart, Colonial Condos

Colonial Condos, New Orleans, 70116

Corner of Esplanade Avenue and N. Rampart

      The Colonial Condos are steps away from the New Orleans French Quarter. You get much more for your money here because you are on the edge of the Quarter. With the new street car line coming,the area will get another boost by being right on the line.

 

     The 80 year old plus building was once a furniture store. Its was totally tranformed into 33 condos in 2007. The 5 story building has one bedrooms, two bedrooms and several penthouses. Each condo has a gated parking spot and a gated storage area on the first floor. This is rare for the area.

 

     The Condo fees are moderate. There is a fitness room, saltwater pool, balconies, hardwood floors, guest lounge, balconies. Hard to beat for the updates and open floor plans

French Quarter Corner,Esplanade

807 Eplanade Ave. 2

937 Esplanade, Hotel

.     This is a great example of being right next to a much more expensive area where you get much more for your money. You are close to one of the most expensive areas for condos in the New Orleans Market.  Many agents and buyers overlook this building because it is not right in the quarter but it’s right there.

1301 N. Rampart Condos, French Quarter

1301 N. Rampart Condos

Steps to Esplanade Avenue and the

Marigny and French Quarter

Streetcar 2003 and Eric

New Streetcar Line Coming Soon

Cathedral and Jackson

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

New Orleans French Quarter Condos, How much is a Balcony worth ?

French Quarter Condos

FQ Balconies and Ferns

        Balconies are always in demand in the French Quarter Condo Market. Other areas will have balconies and porches but the French Quarter Real Estate is where the high demand is. Balconies are not included in the square footage.  In most cases balconies and porches are considered limited common areas. Meaning the condo association takes care of them, but the use is limited to the owner of the condos that have balconies.

 

    Putting a price on a balcony is difficult. It’s hard to put a number on it.  Often times I ask a client how much they would pay for one, $10,000, $20,0 oo $30,000 or more. Generally it is worth at least 10 per cent of the value of the condo.  This is my number.  Then it depends on the views of the balcony and if it is a street balcony. A balcony overlooking a courtyard is not worth nearly what a balcony overlooking a street is worth.

 

    Often time a gallery and balcony are viewed as the same thing. A gallery is supported by columns or poles from the street thus making it often much wider than a straight balcony. This width makes it more valuable. Having a double gallery where you have a roof over your gallery is even better. Its keep the rain and sun out of the space.  It is just a more usable space.

 

FQ Balconies,Above the Business

    This is a balcony above a business. Living quarters were most likely on the second floor of the building.  You were always close to work and family.

Royal Street Corner,Windows

     This is a gallery on the corner of Royal Street. Love the windows and the hanging ferns.  Few places in the world decorate their balconies with plants like the French Quarter in New Orleans.

FQ Balconies,Plants and French Doors

FQ Hanging Baskets and Balconies

       This is a great example of a double gallery. Check out the wrought iron which is a common way to decorate the balcony.

FQ Balconies and Flags

FQ Balconies and Galleries

Lower Garden District Condos, Prytania Street Condos, New Orleans Condos

      This is an example of a double gallery with a porch.  They too really add to the value of a condo as it just gives you more quality space and room to relax.  This is a historic home converted into a condo.  You will find this in the Lower Garden District, Garden District and in the Uptown New Orleans Condo market. I call these neighborhood condos.

 

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

Mardi Gras Time in the French Quarter….This was the Friday before….

     I forgot to publish this one after Mardi Gras.  It is nice to look back on the cool weather and colorful costumes.  This is one of the reasons people come to New Orleans and then want to keep coming back for more.

Mardi Gras 2014

Diva Girl Parade 2014

Prima Donna's on Balcony

Granny Dances....

Prima Donna's Throwing Beads

Music on Balcony

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

French Quarter Historic Condos, 837 Royal Street is in the Heart of the New Orleans French Quarter

837 Royal Street Condo L, French Quarter Condos837 Royal Street, Corner of Dumaine Street

    You can be in the absoute center of all the activity in the French Quarter location. Very few French Quarter condos can match this location,

837 Royal Street Condo Entrance, French Quarter Condos

837 Royal Street L, Courtyard and Mini Pool

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

What Adds Value to your French Quarter Condo? Some Things Mean More than Others…

      Many purchasers tend to look way too much at the price per square foot when looking at pricing. It is a factor but there are many more factors and the Condos in the French Quarter have a lot things to look at in addition the the size. In the end the price is determined by what you are getting for your money and what you will pay for it. Sellers like to look at those numbers if it makes their unit more valuable.  Its just the nature of how people look at their own units.

    There are so many variables that is often times easy to pay too much.  Also the buyer may not realize the value if all the facors are not taken into account.

Hidden Courtyards in New Orleans , 837 Royal Street

1.     The quality of the condo assoication does matter.  Has the condo association been kept up.  Is it kept clean.  Is there unfinished or unmaintained look. Are things being put off for future owners to pay.  Does the condo assoication have enough in reserves to take care of future issues without an increase in condo fees. If the complex is kept up to a high standard then the price will stand up.  The management of the condo assoication does matter as well.  Most small associations are self managed.

2.    The size and quality of the common areas do matter. This is an extension of the condo itself. In an area where units are small having that nicely landscaped courtyard with furniture with pol are fountain are part of the enjoyment of having a second home.  Its something that you own and its for your enjoyment and in the end value.

French Quarter Hidden Courtyards, 837 Royal Street

3.   Location within the Quarter matters with condo between Royal and Decatur generally selling for more. Its just where more people want to be.  This however is nice for people liking the more residential areas of the French Quarter as you get more for your money and the areas are great.  Its just that perception that people have.  What do you see, feel or smell when you walk out the front door.

4.   Location within the complex is important. The 3rd floor walkups generally get less that a second floor unit with all else being equal.  Stairs and views do matter as a lot of these are like an attic space. A unit that opens onto a nice courtyard with french doors is more desirable than one that opens to an alley.

5.   Views are super important. Is it a view of an alley or a street view or that of a beautiful courtyard.  This is where the amount of natural light can really help sell a place coming through French doors or larger windows.

6.   The condition of the condo itself does matter. Newly renovated units to the studs can be worth as much as 20% more.  You just get less problems and are able to enjoy without doing work on it.  Now if you get a big break on price then it may be worth it.  These are few and far between. So updates do matter and are more desirable when you go to sell.

St. Louis Cathedral behind Fence

7.    Balconies and Galleries are big.  A second floor balcony is among the most desirable feature of a French Quarter second home and can easily add 20-40k to the value of the unit.  A gallery is wider as it is supported to the street and can generally be a much more usable space.  By having a balcony to the street you naturally get a much better view of the scenery. The photo below is a gallery as you can see the supports to the street and that it is wider than most balconies. Private patios can really be a plus as it just adds to the usuable space.

8.   Parking is a biggie but most units do not have parking. It can easily be worth 40k if  you can find one.  Some places will have nearby parking but others may not.  This will become a factor to at least half the purchasers but any of the buyers will not have a car so it is a mute point to them.

9.    High Ceiling and an open floor plan are going to increase value as you jut get a larger feel.  A single story is going to give you a larger feel because the space is on one level.  It just lives larger.  This is not always the case but is a general statement.  Spiral staircases are not the perferred way to go.  Historic feels get the nod from the 70’s look.  Most buyers want that New Orleans feel….

10.  The kitchens and baths are the key things people do look at just like in homes.  Do you get your own washer and dryer or is ther one close by to the unit.  Remember paint is cheap and sellers should clean and paint before putting the units on the market. Light fixtures give the condo an elegant look as well. Wall paper is an easy fix and buyers can get a wall paper discount.

    These are some of the points well worth thinking about because all this does matter when you go to sell.  You get more if you have more to offer.  Your value goes up when you keep all these facors in mind.  The condo are all so different and that is where a well rounded and knowlegable agent can help you in getting the best value…

French Quarter Corner, Dumaine and Royal Street

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

Jackson Square in New Orleans Remains a Center of Attention for Tourist and Owners of French Quarter Condos

   Jackson Square in New Orleans remains the center of the French Quarter and is one of the cities most visited places.  Almost everyone that has ever come to New Orleans has been here.  It was once known as the Plaza d Arms when it was the center of the Spanish and French Rule in the 1700’s.  Established in the bend of the Mississippi River, New Orleans became known as the Crescent City.

Today the Square is history come alive with all sorts of activities from Artist, Street Performers, Unique Shops, Street Bands, Eats, Drinks, Museums and the visitors themselves.  Just look at some of the sites that we are so lucky to have…

       Everybody that sell a condo to in the French Quarter wants to be near Jackson Square.  The closest you tend to get the more the prices do go you.  A lot of clients want to be between Bourbon and Decatur as this is what they tend to know the most.  Of course there are nice condos and homes all over the French Quarter.

St. Louis Cathedral Getting Dark

Jackson Square Girl, She is Good...OLYMPUS DIGITAL CAMERA

Jackson Square, Black and White

 

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

New Orleans French Quarter Condo Update….The Weather is Hot…..

Ship and Jackson Square

        The French Quarter Condo market has shown some brisk sales through June.  Now we are seeing a drop in sales that has a lot to do with the weather and people coming to town.  Its just flat out hot.  The well priced units that are nice are selling rather briskly however.

       There are currently 58 active listings with 14 units under contract.  There are 8 units below 200k and 14 above the 500k level.  The 58 may seem like a lot but once you take out the units that are overpriced and not in demand the levels do fall to a hand full in each criteria.  We are seeing reductions as we move into the August months where sales tend to slow every year.

      We need to remember than most of the condos are second homes so those shoppers are fewer this time of year.  The interest rates are still good and a lot of local lenders are ready to loan.  The prices are up over last year as is the demand for the right thing.

    Most second home shoppers do not want to do a lot of updating when they purchase.  They are not here to oversee the work.  The harder units to see are the 3rd floor walk ups and units that are ultra small.  These just hang around longer.

Corners in French Quarter of New Orleans 3

 

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: 1 Comment »

New Orleans French Quarter Condos, always a lot to do within walking distance…

      The real estate market in the New Orleans French Quarter is as strong as it was before Katerina.  Lots of buyers and fewer properties by half than just over a year ago.  I had a client in early Spring last year who could have bought 4-5 nice properties in her price range. The sales were just beginning to pick up then in 2012. Three of the ones I showed her sold before she left and returned to Canada.  Today she may have one nice choice at higher prices.

    The higher end properties are few and far between as are the almost all the categories as well. You have to be ready to act when a unit does come up because if it is nice it will sell quickly.  We are seeing many more Louisiana people buy places than ever before.  I have had a number of clients from Kenner, Slidell, Mandeville, Baton Rouge and Lafayette searching for their weekend place.

    They all use it more than they thought as they are not that far away.  They live close by and didn’t even know how many things there were to do.

     The vaste of the condos in the French Quarter are second homes for people that love to come to New Orleans because there is always things to see and do.  I have pictured a few below but there is always much more.  

New Orleans French Quarter Bar

Drink in some of the oldest bars in the United States…

 Court of Two Sisters, French Quarter in New Orleans

 Eat in Five Star Restraunts that are short walks from your Condo

French Quarter Artist on Royal Street in New Orleans

 Enjoy Sidewalk artist and their clorful displays…

Jazzz Fest 2012 Trumpet

 You like Music then New Orleans likes you… Something going on..

Girl Watching Fest 2

     People Having fun, it wears off on you and you get in to it…

French Quarter Window Shopping, Lights

  Shopping in unique stores and shops, You can still bargain in New Orleans

French Quarter Fest 2012

      Always a festival going on in or around the French Quarter

Creole Queen sails the Mississippi in New Orleans

 Always a great walk along the Mississippi River

Balconies in French Quarter Corner

     Historic Buildings one right after another, block after block…

French Quarter Artist at work

     Street Musicians play on many corners, Some are quite good….

French Quarter Alley off Pirates Alley

     You can Just hang out and decide what you are going to do next….

Carriages on Chartres in French Quarter of New Orleans

 Historic Tours, Let the guide talk as the mules have the route memorized….

French Market Streetcar in New Orleans

    Take the River Front Street Car to the Warehouse District….

Cornstock Hotel in New Orleans French Quarter

     Unique Hotels and Bed and Breakfasts are all “one of a kind”

French Quarter Roof Tops in New Orleans

     A sky line of short building looking towards Canal Street…

Fest Girl Watching, Bridge

       This is just a few reasons that people visit the French Quarter…

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

1027 Chartres A, A Premium French Quarter Condo…Last one left of 7 Condos

     This is the last condo of 7 units in the Danny barker House Condos located at 1027 Chartres Street in the French Quarter of New Orleans.  Its a couple of blocks from Jackson Square on one of the demanded streets in the French Quarter.  These units are one of the few examples of a historic renovation that is basically new Construction. 

    The building was gutted and redone by Mark Fusiler in one of the best renovations that I have seen to date.  The National Park Service approved it as a historic renovation.  Its all new but its made to look old.  Its very hard to find a courtyard like this with only seven units. 

    Below is the view from condo A that runs from the front of the building onto this price courtyard.  There are three fire places, two sets of French Doors that are on the alley and this  fantastic view of the courtyard.  The 13 foot ceilings, wood and tile floors, natural light make this unit that is under a 1000 sq. ft. seem much larger.  Its a two bedroom and two bath condo.  The hall is on one side, the alley on the other and the courtyard on the rear.

    The unit is furnished and priced at $535,000.  The unit comes with appliances, full size washer and dryer, granitecounters, custom cabinets, new doors and windows, new floors, new wiring, new plumbing, security system in each unit, new a/c-heat, and much more.  The bricks are old and that is about all.  New Construction carries a premium and once you see this unit you will know why.  Reasonable condo fees of under $400 per month.

    In the end its all about location and condition and this unit has both.   You will need to check this unit out before it gets sold.  Has been on the market since Mid February 2013.

1027 Chartres A, Courtyard

1027 Chartres A, Living Room

1027 Chartres A, Fireplace and Sidedoor

1027 Chartres A, Kitchen

1027 Chartres, Danny Barker Condos, New Orleans French Quarter

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

1027 Chartres Condo in the New Orleans French Quarter, Great Location….The Danny Barker House Condos!!

1027 Chartres, Danny Barker Condos, New Orleans French Quarter

      The 1027 Chartres Condos known as the Danny Barker Condos has a prime location in the French Quarter of New Orleans.  You are a couple a  blocks away from Jackson Square and many of America’s top restaurants.  Its all about a great location.

     The Condo #E is a self standing cottage condo in a complex of 7 total units.  The units is a 2 bath and 2 bedroom townhouse style condo.  The cottage measures about 1000 sq. ft of living area.  The courtyard is one of the largest for a small complex in the French Quarter.  The sales price is $549,900.  The condo fees are only $396.  Pets are allowed and should have a great time at the Barker House. 

      The building is like a new construction as everything except the bricks, roof and rafters are the only original items.  New Appliances, New A-C-Heat,  New Baths, New Kitchens, New Electrical, New Windows, New Doors and all the details.  The complex was approved for a historic redo by the National Park Service.

     The bottom floor opens to the brick courtyard while the top floor opens to the balcony that runs the length of the condo.  Enjoy the exposed brick, wood floors, lots of natural light,  vaulted ceilings up and that real historic French Quarter Feel.  Its like having a small house.  
     

Start Slide Show with PicLens Lite PicLens

Spoken by Eric Bouler | Discussion: No Comments »

« Previous Entries

Copyright © 2007 New Orleans Condo Trends by Eric Bouler     Agent Login     Design by Real Estate Tomato     Powered by Tomato Blogs

Eric Bouler Realtor
Gardner Realtors
Metairie - New Orleans, La. USA