The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 10th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Magazine St/Dufossat St 70115 Neighborhood

The Home Buyer’s Korner

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BUILDING THE DREAM OF HOME OWNERSHIP

Chestnut St New Orleans LA 70115

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The median real estate price in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood of New Orleans, Louisiana is $329,625, which is more expensive than nearly 96 percent of the neighborhoods in the state and almost 78 percent of the neighborhoods in the country. Francois Robert Avart was the owner of the plantation above present day Upperline Street, and in 1841, Avart divided up the land establishing Faubourg Avart. All of the new streets in the Faubourg were named after his family members and those of his daughter’s husband’s family.

The average rental price in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood is currently $1,350, and the average rental cost in this neighborhood is higher than 92 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) area is an urban neighborhood located in New Orleans, Louisiana, and the residential real estate is primarily made up of small studios and two bedroom to medium sized three or four bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and apartments. Three-deckers, duplexes, old Victorian homes cut up into apartments, independent stores on the corner selling pizza; these are some of the hallmarks of neighborhoods with lots of small two, three, or four unit buildings. The Magazine St/Dufossat St (Audubon- Faubourg Avart – Uptown) neighborhood really stands out in this regard, and it is dominated by such small residential buildings more than nearly any other neighborhood in America. In fact, nearly 45 percent of the real estate, here are small two, three, or four unit  buildings.

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. Francois Robert Avart was the owner of the plantation above present day Upperline Street, and in 1841, Avart divided up the land establishing Faubourg Avart. All of the new streets in the Faubourg were named after his family members and those of his daughter’s husband’s family. With over 71 percent of the residential real estate in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood built no later than 1939, while a number of residences were built between 1940 and 1969this neighborhood truly stands out as special. 

The vacancy rate in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood is over 15 percent, which is above average compared to other neighborhoods nationwide. To learn more about this neighborhood’s vacancy rate and its effect on your home buying or selling options, consult your real estate agent. 

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flair, can make all the difference when choosing a neighborhood to call home. The neighborhood has some really cool things about the way it looks and feels.

The types of households in a neighborhood can tell a lot about the character and lifestyle of those who live there, and this neighborhood, above nearly all others in America, has a greater percentage of its residents living alone at over 54 percent. 

If you’re nearing retirement age, or in retirement, the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood is a great neighborhood to consider. Many of your future neighbors are college educated seniors, mixed with other age groups. For these and other reasons, this neighborhood is simply a top-notch place to consider if you are thinking of or planning to retire in Louisiana.

Being a walkable neighborhood can help increase property values for the simple reason that people enjoy and value it. To put it plainly, despite our love affair with the automobile, here in New Orleans we enjoy taking to the streets, sidewalks, paths, and stopping in a courtyard for some coffee, relax, and take in the sights and sounds. And, the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood is one of the most walkable neighborhoods around.

Your future neighbors in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood in New Orleans earn modest to middle class incomes, and this neighborhood has an income lower than over 64 percent of all the neighborhoods in America.

In the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood, nearly 60 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with almost 27 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at more than 10 percent, and three percent in manufacturing and laborer occupations.

Each neighborhood has its own culture derived primarily from the ancestry and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture, some more unique than others, based on lifestyle, occupations, the types of households, and importantly, on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood of New Orleans, Louisiana, residents most commonly identify their ethnicity or ancestry as Sub-Saharan African at over 13 percent, and residents who report English roots at nearly 11 percent. Some of the residents are also of German ancestry almost nine percent, along with some Irish or Scottish residents at around eight percent, among others. Furthermore, in this neighborhood over 10 percent of the residents of this neighborhood were born in another country.

The most common language spoken in the Magazine St/Dufossat St (Audubon – Faubourg Avart – Uptown) neighborhood is English, spoken by almost 87 percent of households, while nearly 10 percent speak Spanish and one percent speak Portuguese. 

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LOUISIANA HOME OWNERSHIP TOOLS

Your Home Purchasing or Refinancing & Renovation Tools,

Home Improvements, Home Renovations,

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase.

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

FANNIE MAE HOMEPATH RENOVATIONS

Rebuilding the Dream of Home Ownership

Fannie Mae HomePath has No Mortgage Insurance up to 95% LTV

Up to $35K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

Organizing your home shopping experience affords a wise decision-making process.

This simple home inspection tool makes your ultimate buying decision a smart one.

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70115 Audubon – Faubourg Avart – Uptown

70115 Garden District Irish Channell Touro Milan Freret B Harmony Bordeaux St Lyons St Constance St Constance Toledano St Saint Charles Ave 514 Eleonore St Cadiz St 2132 Cadiz Delachaise St Chestnut St 2607 Valence Upperline 6th St Harmony St Laurel St Magazine St Magazine St Patton St Valmont St Nashville Freret St 4637 Tchoupitoulas Valence St Baronne St 3107 Chippewa Street Valence St 3308 Prytania St. APT 12 3700 S Liberty Clara St Magazine St 3605 Constance Foucher Valmont St Constance St Constantinople St 514 Bellecastle Street 2855 St. Charles Ave Valence St Dufossant St Dufossat St 2120 Cadiz St. Milan St 1012 Valence Street 9th St 4007 St. Charles Ave. #114 2210 Jena St. La Salle St Gen Pershing St 7th St Blanc Pl 4889-91 Tchoupitoulas Street Austerlitz St 8th St Camp St Camp St Conery St Constance St Louisiana Ave Louisiana Ave Nashville Ave Nashville Ave Nashville Ave Nashville Ave Robertson St Saint Thomas St Pitt St Rosa Park Perrier St Eleonore St Robert St Milan St 3600 Saratoga St Napoleon Ave Dauphine St Pleasant St 1229 Harmony street Everett Pl 3212 Camp Street Peniston St Franklin Ct And 727 7th St Eleonore Street # Alonzo St 925-27 Milan St. 5105 Annunciation St Bellecastle St Baronne St Carondelet St Jefferson Ave Annunciation St 1928 General Taylor Front St Hurst St Loyola Ave Livaudais St 8th Street # Second Floor Pryania Tchoupitoulas St Coliseum St 726-28 Foucher St. Prytania St Magnolia St Nashville Ave Danneel St Foucher St Peniston Harmony St Laurel St Amelia St Palm Ter Willow St Perrier Leontine St Gen Taylor St Camp St Annunciation St Atlanta St Camp St Leontine St Napoleon Ave 1816 Sixth St OAK ST 3706 s. saratoga st Aline St Saratoga St Robert St 3729 Constance St. Marengo St Conery St Soniat St Danneel Street # Napoleon Ave Napoleon Ave Garfield St Chestnut St For Sale Laurel Richmond Pl Wirth Pl 2820 Milan Lasalle St Napolean Ave 4007 Saint Charles Ave. 3300 Annunciation 4109 Danneel St FOR RENT 600 Saint Charles Ave Upperline St Octavia St Jena St Magazine St Antonine St Dryades St Tchoupitoulas Belmont Pl Valmont St For Sale General Pershing St 2529 Nashville Avenue Arabella St Magazine St General Taylor St Cucullu St Louisiana Ave 3918 Dryades St Chippewa St Loyola Ave. 3705 Clara St Marlborough Gate Pl Story St 1100 Marengo St 800 Toledano Street Carondelet St 1513 Carondelet St Mlk Foucher St Joseph St Liberty St

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