http://www.accuratevg.com/ – Baton Rouge Real Estate Comps: What’s Your Home Worth?
Here’s a recent comparable sale in O’Neal Place Subdivision off O’Neal Lane, 2126 Godfrey Drive. This home sold in June 2011 for $59,900 as a foreclosure, of which there are multiple foreclosures in O’Neal Place currently. This home resold on 04/13/2012 for $121,000 for 1,616sf or $75.43/sf. GBRMLS indicates this home was cosmetically “updated” but was not “totally renovated” in terms of having new mechanical systems and roof as well.
Since the 2007 highs of $142,000 median sold price and $90/sf in 2008, home values in O’Neal Place have plummetted to $108,000 and $65/sf in 2012 based on 4 sales. This is in part due to significant REO activity and just a general correction in what homes should be selling for in O’Neal Place.
Local Home Appraiser Bill Cobb with Accurate Valuations Group offers his specialty of Baton Rouge Pre-Listing Appraisals for those seeking to list their home on the market or Baton Rouge Pre-Purchase Appraisals for those NOT WANTING TO PAY TOO MUCH in this very high priced housing market.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORSÂ®MLS for the period of 04/13/2012 to 04/13/2011. This information was extracted on 05/15/2012 for a Home Appraisal on Ellis Avenue.