The house on Florence that was formerly a spa and Bed & Breakfast is for sale. It has been foreclosed on by Capital One. Steven and I went and viewed it yesterday with the realtor. Here are a few pictures from that walkthrough. It has repairs that need to be made due to its standing empty for almost two years now. Despite that, it has a good yard and a nice open floor plan on the first floor. The second floor is all bedrooms.
The asking price is $300k. I was astounded. Noles Frye is the listing agent and they have comparable houses on Jackson Street and in the Garden District that have sat on the market from two, all the way up to four years now. I don’t think they are going to get that price. One problem is the appraisal due to no comps being in the area, they will have a hard time putting a value on the house (I know this from experience times two). Since it has several repairs that need to be made (I will not include a list or pictures), comes with no appliances, and is not located in a prime neighborhood, I don’t see anyone paying that price for this house. Who knows though? Maybe someone will.