http://www.batonrougehomeappraisal.com/ – Real Estate Baton Rouge: Central City Subdivision 2010 Home Price Trends
Solds In Central City Subdivision from 1/2010 to 12/31/2010 revealed: ONLY 1 MLS SALE, Legal News Reveals 2 Sales or 1 FSBO Sale. There were no 2009 MLS Sales to report comparisons for 2010.
Average Sales Price: $151,500 for the 1 sale
Average Sold Price Per Sq. Ft.: $54/sf
Median Sold Price: $151,500
Number of Sales: 1
Average Number of Days On Market: 42
Low To High: $151,500 to $151,500
Number of Sold REO/Foreclosures Noted In MLS: 0
Current # Listings: 1, Listed As A 3rd Party Transaction Below Market
Current Listings Price: $145,000 or $63/sf for 2,291 sq. ft.
This one sale for $151,500 has 2,827sf living area and only sold for $54/sf. The MLS Listing doesn’t offer any explanation as to why this home would have sold so far below market value. It was listed for $165,750 and with the Central School District, it generally would have sold for a much higher price. So, it appears that even though the MLS Listing offered no background on the situation, this home sold in a distressed manner!
NOTE: 12074 Post Drive sold in February 2010 for $157,200. There is no MLS or online data for home to report sold price per square foot.
This is the photo of the current listing in Central City for $145,000 for 2,291sf or $63.29/sf.
NOTE: Based on information from the Greater Baton Rouge Association of REALTORS®MLS for the period of January 1, 2010 to December 31, 2010. This information was extracted on 1/1/2011. YES, this appraiser does have the permission of GBRMLS to use the chart above Subdivision Price Trends Report!