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Condos in Metairie, La. Have We Seen the Condo Market Bottom in Jefferson?

       The housing market has been strong for all of 2013 in East Jefferson with fewer listing and quick sales being the norm in most areas.  Generally when this happens you expect to see condo sales rebound as well.  You just never know when that may be.  I am thinking that time is now is now.

       The interest rates are climbing so buyers are thinking it is time to act.  The interest has picked up as rents are also going up in all categories.  Much of the inventory that was not selling has been rented out as the rental market for condos has been great all year long.

       People that are downsizing are also looking again to downsize and a condo may fit their need.  They can now sell their house in a good market so they know it is time to act.

     First time home buyers are finding the New Orleans Market almost twice as expensive as areas in Metairie, Harahan, River Ridge, Old Metairie and Old Jefferson.  There only choice may be to buy in Jefferson Parish for what is like a ” half price sale”  The prices have not gone up which makes it better for all buyers looking for a place.

      Many times the condo fees alone are less than the insurance on buying a home.  You then get insurance, water, trash, and upkeep in that fee.   The condo purchase is a more carefree way to live where you are basically renting to own.  You get to deduct the interest on your taxes and build equity at this still low rate environment.

    One other thing I have noticed is fewer older people have been looking and buying.  We are beginning to see some interest in that segment as that was always a large share of the condo market in Jefferson Parish.

Metroview Condos in Metairie, Front Entrance

      The Metroview Condos in Metairie is a great example of what is one the market.  The condo fees for a one bedroom is $162 per month.  The one Bedroom townhouse units are $109,000 along with several good deals to be had on some resales as well.  The condos are almost new and have some great common areas. Included in the fees are water, insurance, upkeep, management fees, common areas, trash, gated parking, and visitor spaces.

      The common area include two swimming pools, full gym, on site management and green spaces.  You are close to shopping areas and all kinds of eating and drinking establishments.

Metroview Condos, Swimming Pools

Metroview Condos, New Appliances, Metairie Condos

Metroview Condos, Common Areas

Metroview Condos, Balconies and Patios fro each unit

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Pontchartrain Place Condos on the Lake in Metairie, New Listing…..#329

The Pontchartrain Place Condos  located at 420 Old Hammond Highway are adjacent to the Lakeview area of New Orleans which is one of the hottest neighborhoods in New Orleans Real Estate. Its very hard to find things in this neighborhood for much under 300k.  This condo is priced at $179,329 with a lot of amenities.  Its an easy commute to a lot of areas of New Orleans and Metairie.  The Lake levee is across the street and the area provides lot of outdoor activities.

Pontchartrain Place Condos has some great features as you can see in the slide show below.  The parking is in the gated secure garage which is the bottom floor with assigned parking spots with plenty of guest parking.  There are two elevators to the upper levels and tropical courtyard areas.  Each unit has a storage closet in the parking area.

The tropical courtyard, spa and pool are top notch.  The common areas are well kept. The clubhouse is a common area that is open to all residents with some nice lake views.  All the units have balconies  with exterior views.

The unit #329 is a two bedroom and two bath condo with over 1000 sq. ft. of living with a balcony on the third floor over looking the courtyard and pool.  There is no one above you.  One of the bedroom is a loft style bedroom up with its own bath.  Both bedrooms have plenty of natural light.  The vaulted ceiling make all the rooms look and feel larger.

The open floor plan has the kitchen open the living area towards the balcony.  The wood floors are in the living room.  The washer/dryer are in closet by the kitchen.  All the bedrooms have ample closet space for a New Orleans Condo.  All appliances stay with the unit.

The condo fees are very reasonable for all the amenities that you have. Water, sewerage , trash  and Insurance are include in the fees.  Plus the upkeep of the common areas are in these fees as well.  Both bathrooms and bedrooms are large by condo standards.

420 Old Hammond Highway 329, Views, Pontchartrain Place Condos

 

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Metroview Condos, In Center of Metairie gets FHA approval….

      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.

 

Metroview Condos in Metairie

 Metroview Condos, Swimming Pools

 Metroview Condos, Common Areas

 Metroview Condos, New Appliances, Metairie Condos

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Marion Court Condos, 3723 Marion Court ! Good Buys for around 95-115k in Metairie!

     The Marion Court Condos in Metairie  on Marion Street right off Veterans behind the Barnes and Noble Book Store is a great location.  The small complex of 19 units is an apartment conversion remodeled in 2004. 

   The unusual thing is that there is so much parking and common areas.  It gives you a big feel as there are three separate buildings with balconies, courtyards and common area space. 

Marion Court Condos, front entrance

      When looking for condos in the 100k range in Metairie,  location is the most important factor along with how the condo association maintains the common areas and the buildings.  The 3723 has a great location and the 2004 redo is still fresh.  The unit pictured below is a second floor unit priced at $115,000.  There is another availiable for $98,000 on the first floor.  There was a recent sale of one of the two bedroom units.

Marion Court Condos, Opens to Balcony

      The condo H is a corner unit on the second floor that overlooks the courtyard.  It is one of the few that has two designated spaces and looks very fresh.  All the appliances including washer and dryer in the hallway stay with the condo.  The condo is 632 sq. ft of living area.  The moderate condo fess are $160 which covers insurance, exterior upkeep, water, common area upkeep. The secure entrance is by code.

Marion Court Condos, Den to Kitchen

      The kitchen and baths were gutted during the remodel so the cabinets, appliances, tile counters, were all finished in 2004-2005.  There are wood floors in the den along with crown molding and a designed paint job.  Its just move right in quality.  The rooms are spacious for a condo.  There is a small balcony off the bedroom.  The unit gets a lot of natural light and the area is very quiet with well behaved neighbors.    

Marion Court Condos, Updated Kitchen

     To see more photos visit my other site under featured condos for more photos. New Orleans Condos

     The Complex has recently been approved for FHA loans by Wells Fargo.  This means 3.5% down and the seller can help with closing cost.  Why pay rent at this price.

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Zea’s Rotisserie and Grill another New Orleans Treat, a must eat!

Zea’s Rotisserie and Grill in Harahan was the first location in 1997 and has been growing since that time.  It was converted from an old Toddle House and has developed into  another New Orleans experience in cooking.  This has been one of my favorites since that time.  Its like you do not want to try anything new.  I like the Thai Ribs, corn grits and dirty rice and that is generally what I tend to order.  A half rack should fill any person up. You can get flavored tea or regular tea and its just plain good.  I will try the varieties of tea as a change.

Yes, I have tried the salads and the trout but I come back to what brought me here. The Ribs as they fall of the bone in the tasty sauce.  I can never remember having something that I have not liked at Zea’s.  Now there are several locations and they have expanded outside of Louisiana.  In New Orleans and surrounding areas people do go to places that have great food.  Its good at lunch or dinner.

Zea’s is also smart.  Every year around the holidays the sell gift certificates  for 20% off for the following year.  I guess they think people are going to lose them or they will go unused, however I know where mine are and it give me a great excuse to go again.  You can get the meals to go which a lot of people do at the origional location.  Its come a long way since the Toddle House. See you there? We can talk about New Orleans Condos!

Zea’s in River Ridge

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