The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 12th, 2016

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GREATER NEW ORLEANS, LOUISIANA

Audubon

Nashville Ave/Chestnut St 70115 Neighborhood

The Home Buyer’s Korner

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Octavia St New Orleans LA 70115

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The median real estate price in the Nashville Ave/Chestnut St (Aububon Uptown) neighborhood of New Orleans, Louisiana is $608,125, which is more expensive than nearly all the neighborhoods in the state and almost 94 percent of the neighborhoods in the country.

The average rental price in the Nashville Ave/Chestnut St (Aububon Uptown) neighborhood is currently $1,625, and the average rental cost in this neighborhood is higher than 98 percent of the neighborhoods in Louisiana. Most of the residential real estate is occupied by a mixture of owners and renters.

Nashville Ave/Chestnut St (Aububon – Uptown) area is an urban neighborhood located in New Orleans, Louisiana, and the residential real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom single-family homes and other multi-family housing options like condominiums, town homes, duplexes, and  apartments.

Do you enjoy watching home improvement shows on TV? Do you love the idea of fixing up a Colonial or Victorian era home, complete with the charm of yesteryear? Do you like to stroll or drive streets lined with gracious older residences? If you found yourself nodding yes to any of these questions, you are going to be interested in this unique neighborhood. The Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood stands out on a national scale for the sheer concentration of historic residences it contains with over 82 percent of homes here, built no later than 1939, and in some cases, quite a bit earlier, while a number of residences were built between 1970 and 1999.

Home and apartment vacancy rates in the Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood are under 10 percent, or near the mid range of vacancies. 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. 

Wealth makes most things in life easier, and a few things harder. If you are wealthy and enjoy keeping up with the Jones’, this neighborhood will interest you. In fact, the Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood is wealthier than nearly 96 percent of the neighborhoods in the country. Residents here, are truly in a unique situation even when compared to other Americans, based on the sheer amount of wealth concentrated here. Even in times of economic downturn, residents of this neighborhood, as a group, suffered less and recovered more quickly. This is indeed a stand-out characteristic of this neighborhood.

If you’re a regular supporter of the arts and enjoy outings to the theatre, weekend boutiquing, or a finely aged wine with dinner, then you’re in good company with the people of the Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood. This neighborhood is uniquely immersed with more “urban sophisticates” than almost any neighborhoods across the country. They are an exclusive community characterized by refined tastes, cultural inclinations, and the means to live well. They are educated executives or managers by week, and serial patrons of the arts by the weekend. The people here truly stand out as a class among their own, and if this lifestyle pertains to you, then you’ll certainly feel right at home in the Nashville Ave/Chestnut St (Aububon) neighborhood. 

Do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit with over 84 percent of adults over the age of 25 living in the Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood having earned at least a bachelor’s degree. 

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, those of us who live in New Orleans enjoy taking to the streets, sidewalks, paths, and setting in a nearby courtyard with coffee, or to relax. The Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood is one of the most walkable neighborhoods in America.

Your future neighbors in the Nashville Ave/Chestnut St neighborhood in New Orleans are well-to-do, making it among the 15 percent highest income neighborhoods in America.

The Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood has a higher proportion of its residents employed as executives, managers and professionals than in nearly any other neighborhoods in America. In fact, over 81 percent of the employed people here make a living in such fields of employment. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about. 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 15 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at nearly three percent.

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 Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood in New Orleans, LA, residents most commonly identify their ethnicity or ancestry as French at nearly 22 percent. There are also a number of people of English ancestry at over 21 percent, and residents who report German roots at over 15 percent. Some of the residents are also of Irish ancestry at almost 14 percent, along with some Italian ancestry residents at over seven percent, among others.

The most common language spoken in the Nashville Ave/Chestnut St (Aububon – Uptown) neighborhood is English, spoken by over 92 percent of households, while nearly three percent speak Spanish.

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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

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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 Aububon 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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