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Lakepark Garden Homes Baton Rouge - Be Careful How Much You Pay!
I recently completed a Baton Rouge refinance home appraisal in Lakepark Garden Homes. Lakepark Garden Homes was developed in 1985 with some homes built, stalled building due to U.S. economic meltdown and resumed new homes in approximately 1992-1994. Homes range from 874sf to 2,373 sq. ft. average size 1357sf. The following is my report on the home sales trends that took place and the prices paid for these homes from 09/2014 to 2015.
THINKING OF BUYING A HOME IN LAKEPARK GARDEN HOMES?
IT'S CERTAINLY A SUBDIVISION I'D STRONGLY RECOMMEND A PRE-PURCHASE HOME APPRAISAL TO AVOID OVER PAYING. Those that paid $145,000 in there from 2006 to 2007 are still perhaps $15,000 to $20,000 upside down today. READ MY CAUTION BELOW!
MY CAUTIONARY NOTE ON LARKPARK GARDEN HOMES
Lakepark Garden Homes Sales Trends September 2014- November 9 2015 Year To Date:
Seventeen (17) Sales From $80,000 to $125,000
Median Sales Price $114,500
Average Sold Price Price $110,305
Average Sold Price Price Per Square Foot $90/sf
Average Listing To Sales Price Ratio: 96%
Average Days On Market: 105 Days
NOTE: Average Listing To Sales Price Ratio of 96% means homes are generally selling for 4% less than listing price
Current Lakepark Garden Homes Listings:
Four (4) Listings From $129,900 to $149,500 from $91/sf to $95/sf
Average ... more
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