Hey there, thanks for stopping by! I’ve been a real estate investor in New Orleans since 1995 and I thought this would be great way to showcase my properties and share valuable information about the New Orleans real estate market. If there is anything you would like to see here, or if I can help you in any way, please feel free to let me know. I would love to hear any feedback you might have.
-Andy Severino
Licensed Real Estate Agent/Seasoned Investor
Outside Sharpe Realty’s St Charles Ave office we are getting into the mardi gras spirit with friends and clients
So far in 2011 luxury homes in Uptown New Orleans, which are defined as single family residences that sell for over $900,000, are averaging a sales price of $279 per square foot.
That is an 11.6% improvement over 2010 where they averaged $250 per square foot.
A likely factor contributing to this rise is record low interest rates which are not out of reach for these affluent homebuyers.
Downtown New Orleans CBD Office Space Occupancy
Class A Office Space: Ranged from 91% to 86%
I was driving down Carrollton Avenue in uptown New Orleans, and I could barely believe my eyes! This is possibly the worst FSBO marketing I have ever seen. Continue reading
List Price: $425,000
1915-17 Martin Luther King Blvd
4000 square foot 2 story Commercial building for sale in New Orleans’ Central City neighborhood. 1st floor is a wide open space with many possibilities, 2nd floor has tow mirror- image units with 3 independent offices/bedrooms, 1 bath and 1 kitchen area each. Metered separately.
After many years and much effort, the Freret Business Corridor is finally enoying change for the better. The businesses and homeowners in this neighborhood have been proactive for many years, including years predating Hurrican Katrina, but the neighborhood was plagued by blighted housing and crime. Continue reading
Stephan Metelica, a 24-year old charter pilot, shares a two-bedroom apartment with a friend in Chicago’s Lincoln Park neighborhood. The duo split the $1,525 monthly rent, but they were surprised this month when their landlord lease came up for renewal and their landlord asked for a 5 percent increase, to $1,600.
“I was pretty upset about it,” Metelica says of what would amount to nearly $40 more per month per person. “I thought a 5 percent increase was ridiculous.” Continue reading
So, I was at New Orleans City Hall last week trying to pay a “supplemental” property tax bill (the city screwed up basically, so they tacked on more taxes due March 31) on a tax lien certificate I won at auction in September of last year, and they told me it had been redeemed. Awesome! That means I get paid a healthy return, much healthier than you can get anywhere else, with very little risk. (For you naysayers that say tax lien investing is risky, realize I wasn’t born yesterday and I only buy liens on properties that are of very high quality.) Continue reading
The first thing you should do after you sell any real estate is…Get your money back!
Most sellers have a mortgage on their property, whether it is their own home or investment property, that escrows for property taxes and insurance. While all sellers of real estate are credited at closing for prepaid taxes (in New Orleans taxes are paid in advance, not in arrears), as a seller you are due a refund from your mortgage escrow account for next years taxes and insurance that are often included in your monthly mortgage Continue reading
Come view this impressive luxury Uptown New Orleans investment property this Sunday, March 27 from 1:00 to 3:00. Lunch will be provided.
Great owner occupy or high end investment opportunity with strong cash flow and owner financing available.
Learn more about the property here: Uptown New Orleans Real Estate For Sale
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