Lakeview Estates Prairieville Louisiana 70769 Home Sales Trends 2015
I’m working on a Lakeview Estates pre-foreclosure home appraisal. The following is a report on the home sales that took place and the prices paid for these homes. ALSO, see below regarding the problem of subdivision HOA (Homeowners Association) not properly maintaining one of the lakes and the potential safety concerns inherit in such neglect.
June 2014 to September 9 2015 Lakeview Estates Subdivision Home Sales Trends For DSF (Detached Single Family):
10 Sales From $155,000 to $213,000
Median Sales Price $195,000
Average Sold Price Price $189,540
Average Sold Price Price Per Square Foot $113/sf
Average Listing To Sales Price Ratio: 96%
Average Days On Market: 66 Days
LAKEVIEW ESTATES SUBDIVISION GBRMLS LISTINGS:
2 Listings From $179,900 to $218,000
Average Listing Price $198,950
Average Sold Price Price Per Square Foot $121/sf
Average Home Listing Has Been On The Market for 72 Days with highest at 129 days on market.
NOTE: 1 Active Listing, 1 Pending Listing
WATER LILY PROBLEM AND ANY POTENTIAL PLUS FOR BEING LOCATED ON A LAKE LOT COULD BE DIMINISHED
See photo below regarding the problem of subdivision HOA (Homeowners Association) not properly maintaining one of the lakes. According to a resident of Lakeview Estates, it’s the HOA neglecting to maintain this lake (I’m not pointing the finger at the HOA, just referring to a residents comment on 09/09/2015). The potential safety concern is this is very thick lily problem similar to what one would see on Lake Verrett. My personal experience with these lilies is ants and snakes can easily hide in such. This is a costly cleanup. MY Question on Facebook about this situation showed an overwhelmingly negative response to this situtation.
GREATER BATON ROUGE REAL ESTATE DATA NOTE:
Based on information from Greater Baton Rouge Association of REALTORS®\MLS for period 06/01/2014 to
09/09/2015, extracted on 09/09/2015.
Bill Cobb Greater Baton Rouge Home Appraiser