Tara Subdivision Baton Rouge Reader Question Post-Flood Values

Tara Subdivision Baton Rouge Home Sales 2011 to 2018 1900 sqft to 2400 sqft.

Tara-Subdivision-Baton-Rouge

This is a study for a reader of mine who asked if Tara Subdivision home prices are up since his early 2011 purchase?
And, if Tara values are up after the Great Flood of August 2016 because Tara did not flood?

The chart shows the obvious answer, which is YES to both. However, the reason isn’t just normal home price appreciation though.

Tara-Subdivision-Baton-Rouge-2011-to-7-4-2018-1900sf-to-2400sf-home-sale

To view a larger image of this chart or download it, visit:
https://www.slideshare.net/BatonRougeHousingReports/tara-subdivision-baton-rouge-home-sales-2011-to-2018-1900-sqft-to-2400-sqft

Given the favorable location near the center of Baton Rouge, convenient within 10 minutes of so many needed facilities, and the aging homeownership rate and estate sales, home flippers have targeted Tara for renovation flips. And, buyers are choosing Tara paying from $250,000 to $315,000 for 1900sf to 2400sf homes, some with very nice renovations, all the while preserving some of the wood inside these homes.

Perhaps turning an old dated home from this…

IMG 1232

IMG 1234

To this below…

tara-renovation (3)

 

tara-renovation (1)

This is the stats on the last 38 sales in Tara since 1/1/2017 with a median sales price of $275,478 and $115 per sq ft

Tara-Subdivision-Baton-Rouge-home-sales-chart

This is a general chart of Tara home sales back to 1996

Tara-Subdivision-Baton-Rouge-home-sales-charts

 

Data Source: GBRAR REALTORS/MLS from 1/1/2011 to 7/4/2018

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About Bill Cobb, Appraiser

The Baton Rouge Residential Appraisal Blog is an information source provided by local Home Appraiser, Bill Cobb, and Accurate Valuations Group. Bill has 24 years experience as a Baton Rouge Residential Home Appraiser and updates his local network of sites weekly with reports, videos and audio reviews of local housing market conditions! 225-293-1500

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