Information You MUST be pre-qualified before buying a Home.
Get pre-qualified by filling out our easy, 3 step form!
5027 Dryades Street
New Orleans, LA 70115
$3,985,000
Conventional
Property
Bedroom
8
Bathroom
12
Property Type
Conventional
Square ft
7798
Property Description
This impeccably renovated estate, situated on a sprawling 130x192/182 square foot lot, epitomizes luxurious contemporary living. The grandeur of this center hall mansion is evident in its double parlors boasting 13-foot ceilings, resplendent wood floors, and intricate moldings. The gourmet kitchen, a masterpiece in design, showcases an expansive LaCornue stove/oven, a welcoming eat-in kitchen bar, and a rear deck for delightful al fresco dining. Adjacent to the kitchen is a private office and a full bath for added convenience. Ascending the staircase reveals three generously sized bedrooms, each with its own ensuite bath. The primary bedroom suite is a haven of tranquility, featuring a modern spa-like bathroom flooded with natural light. An upbeat yellow laundry room on the upper level complements another on the ground floor. Overlooking the newly installed pool and vast grassy yard is a detached two-bedroom, two-story back wing. Above the two-car garage and workshop resides a self-contained 2-bedroom, 2-bath guest suite with a living and dining area, and a fully equipped kitchen. It's noteworthy that the living space of the back wing (945 square feet) and the above-garage guest suite (1022 square feet) is not included in the main house's living square footage but contributes to the overall under-roof square footage. The interior has received a fresh coat of paint, and the splendid wood floors have been meticulously sanded and refinished. A convenient elevator seamlessly connects the ground floor to the rooftop. Ensuring durability and resilience, the brand-new impact-resistant synthetic slate roof adds to the property's allure. A private electronic gate guards the six-car-plus motor court. The enchanting landscape, shaded by majestic old oak trees, provides a serene backdrop. This rare offering is strategically located just two blocks from St. Charles Ave and Newman School, making it an unparalleled gem in today's real estate landscape.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1854
MLS Number
2403058
Location
Address
5027 DRYADES Street
City
New Orleans
State
LA
Zip Code
70115
County
ORLEANS (NEW ORLEANS)
Listing
Provider
McEnery Residential, LLC, original listing
Name
McEnery Residential, LLC
Phone
(504) 605-4400
Office Name
McEnery Residential, LLC
Office Phone
(504) 605-4400
Agent Name
MARGARET B MAXWELL

USHUD.com on the Go!

Foreclosure Mobile App
Ushud Foreclosure iPhone App
Ushud Foreclosure Android App

HUD Foreclosures
Free Foreclosure Listings
Foreclosure Listings Increasing

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.