This past month our friends at NeighborhoodX analyzed the average price of homes in the Treme area. In fact, according to its global analysis, the neighborhood ranked No. 6 as the least expensive place to buy a home in New Orleans. So, how does the neighborhood fair with a budget of $275,000?
According to Redfin, the median listing price sits around $329,000. In considering the best places to get the most home for your buck, here is a roundup of four homes you can buy for $275K and under in Treme.
Priced at $115,000, this shotgun is one of the least expensive livable properties in the Treme neighborhood. At 1,297 square feet, the home has three bedrooms and one bathrooms. In a past analysis, this home ranked as the cheapest in Treme, and has since seen a price reduction of $5,000. Highlights include high ceilings and vinyl wood floors. The home is in dire need of TLC, but could be the start of a great project.
This beautiful shotgun double, located on St Ann Street, lists for $239,000. Measuring in at 1,884 square feet, this home has four bedrooms and two bathrooms. Each unit has two bedrooms, one bathroom, and 942 square feet. Highlights include the home’s classic facade, 12-foot ceilings, a spacious kitchen, and two separate backyards.
This modestly-priced shotgun sits a block from Ursulines Avenues and nearly two blocks from Esplanade Avenue. Priced at $125,000, this home has two bedrooms, one bathroom, and 975 square feet. While not a looker, the home rivals the least expensive home for sale in the neighborhood.
Priced at $275,000, this shotgun still sits under the neighborhood median average of $329,000. The 1,231-square-foot home has two bedrooms and one bathrooms. Notable features include its open floor living room, exposed brick, exposed ceiling beams, and its completely renovated interior. If you love subway tile, you’ll admire the home’s revamped, dual-vanity bathroom. At the rear is a private backyard.
- June 2017: Treme Lafitte neighborhood price range [Curbed NOLA]
- Analyzing price per square foot in 15 New Orleans neighborhoods [Curbed NOLA]