Real Estate, News, and Information, for St Tammany Parish LA
Download REOs West St Tammany 9-1-2011
Attached is a list of bank owned properties for West St. Tammany Parish, Louisiana as of September 1, 2011. We will be trying to post these one the first of each month. If you are interested in any of the properties or would like additional information on any of them, please contact Debbie (985) 249-1779 or debbie@mmsre.com
1250 Square Feet, with extensive room to build out upstairs. Featuring a beautifully renovated kitchen, greatroom, master bedroom and 2 full bathrooms. Fantastic location, and zoned commercial, just 1/2 a block from Nuvolari's Ristorante, on a Huge, 55 x 256' lot. A tremendous opportunity to buy in the heart of Old Mandeville for under 200K! Check out more pictures in the photo album on your right hand side —>>> 2032 Jefferson St.
42' Oak Cabinets. Gas and Wood Burning Fireplace. New porcelain tile with double bay doors opening to the rear of the home. Mature pecan and oak trees.
This home is a very good deal. A large commercial lot, with a renovated home, just 2 blocks from the lakefront, 1/2 a block off Girod St and all for under 200K. Do not miss this one. Contact us at 985-515-5825, or at marc@mmsre.com to set up an appointment to view this home.
Thank You
Marc
794 Claire Drive is a 4 bedroom, 3 full bathroom, 1 half bathroom single family home.. It has 3035 square feet is positioned on a fenced in 46x232x118x119 square foot lot in Beau West Subdivision. It’s amenties include granite countertops and stainless steel appliances in the kitchen, separate dining area, a living area that presents a wall of windows overlooking a view of it’s tropically landscaped saltwater pool. In addition, 794 Claire also offers a large study with gas fireplace that can be used as a home office, game room or for those needing a little extra space. Located within the City limits of Mandeville, 794 Claire Drive is conveniently located to area shopping, banking, and restaurants while still in close proximity of the Causeway bridge.
For more information, contact Debbie (985)249-1779 or debbie@mmsre.com
On April 18th, 2011 Mayors from across St Tammany Parish were asked by the Tammany Together Associaton to attend a public meeting; the forum was graciously attended by:
This is part 3 of the 3 part video, which I had to break up due to its length… In this series, one conscientious citizen asks the question; "With all of the growth in the Parish happening in the un-incorporated areas; how is this affecting growth in the incorporated areas?" And in this particular segment Mayor Villere of Mandeville and Mayor Watkins of Covington have the microphone. Hope you enjoy.
Thank You
Marc
On April 18th, 2011 Mayors from across St Tammany Parish were asked by the Tammany Together Associaton to attend a public meeting; the forum was graciously attended by:
This is part 2 of the 3 part video, which I had to break up due to its extreme length… In this series, one conscientious citizen asks the question; “With all of the growth in the Parish happening in the un-incorporated areas; how is this affecting growth in the incorporated areas?” And in this particular segment Mayor Freddy Drennan of Slidell has the microphone and speaks for a bit on the subject. Hope you enjoy.
Thank You
Marc
On April 18th, 2011 Mayors from across St Tammany Parish were asked by the Tammany Together Associaton to attend a public meeting; the forum was graciously attended by:
This is part 1 of a 3 part video, which I had to break up due to its length… In this series, one conscientious citizen asks the question; “With all of the growth in the Parish happening in the un-incorporated areas; how is this affecting growth in the incorporated areas?” And in this particular segment Covington Mayor Candice Watkins has the microphone. Hope you enjoy.
Thank You
Marc
On April 18th, 2011, The Tammany Together Association asked 5 St Tammany Mayors to attend an informal question and answer session. In this particular video all 5 Mayors are taped answering the question… “What aspect of their job do they feel is the most misunderstood by the public?”, With the caveat; “How do the Mayors get along with their city councilman?”
I was able to attend and video tape this Meeting of the Mayors, and was thoroughly impressed with their forward thinking, dynamic ideas. Hope you enjoy.
Thank You
Marc
The pie chart above illustrates data pulled for the Cities of Mandeville, LA 70448, 70471, as well Madisonville, LA 70447
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112 homes sold in Mandeville and Madisonville for the month of June 2011. This is a very nice increase over May, especially with our long hot summer months just beginning to kick in.
St Tammany is probably riding this storm out better than most, yet we still have a record inventory of REO properties on the market. These homes must be purchased, then we would see a rise in property values. The caveat though is; "If we cannot stop the flow of homes headed for foreclosure, then we cannot stop the flow of REOs hitting the market…" and therefore cannot increase home values…
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Download Homes Sold in Mandeville and Madisonville, LA June 2011
The attached Adobe PDF document contains:
•Property Address
•Age of Property
•Condition of Property
•Square Footage
•# of Beds
•# of Baths
•Original List Price
•Final Sold Price
•Final Sold Price per Square Foot
•# Days on Market
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Thank You
Marc Pellettiere
General Information
As you may know, it is that time of year when millage increase votes are being considered at local parish entity meetings. Several constituents have inquired about how millages work, and I wanted to address that in this newsletter as well as discuss upcoming meetings and recent actions on millages that affect our area.
When discussing millage rates, some key terms are important to understand.
Ad Valorem: according to the value. Taxes are assesed a dollar amount according to property value.
Adjusted Maximum Millage: maximum authorized millage as adjusted by reassessment
Maximum Authorized Levy: maximum millage rate that may be levied in a tax year
Mill: 1/10 (one-tenth) of one cent
Reassessment: process mandated by the Louisiana Constitution to revalue all property subject to taxation
Roll Forward: increasing the millage rate after reassessment to a rate not in excess of the "prior year's
minimum"
Reappraisel/ Reassessment takes place every four years and mandates the adjustment of ad valorem taxes either up or down depending on property value. If during reassessment there is a decrease in taxable property value, the millage rate will be increased so that the same dollar amount will be received as the previous year. If there is an increase in taxable value, millage rates will decrease so that the same dollar amount will be received as the previous year. If the taxable property value stays the same, no adjustments to the millage rates will be made.
For further general information on how millage rates work, please click here.
Local Upcoming Meetings
Fire Protection District 4 will be holding a meeting on August 16, 2011 at 6:30 pm at the Fire Station located at 709 Girod Street in Mandeville. The district is requesting a millage increase of $467,190 for additional equipment.
The St. Tammany Parish Assessor's Office will hold a meeting at 11:00am on August 23, 2011 at the Assessor's Office, 701 N. Columbia Street in Covington. Here is an article discussing the announcement made that the Assessor will keep her millage rate the same.
St. Tammany Fire District 3 is requesting voters to renew a 25 millage rate for 10 years starting in 2013. The vote will be held on October 22, 2011. The Fire District previously decreased its millage.
Already Voted on Millage Rates
Below I have listed millages that have already been decided on this year as well as links to articles for further information.
St. Tamany Parish Fire District 1 rolled up one mill, bringing them to 30 mills. Their meeting was held on July 19.
On July 5, the Northshore Harbor Center's board voted to decrease their millage rate.
The millage rate for the St. Tammany Parish Schools was voted on May 5, 2011, and it was decided that the millage will stay the same. They have rolled back 19 mills since 1992.
This information is graciously provided by Louisiana State Representative Tim Burns, and courtesy of Tina Paretti with Delta Title in Mandeville, LA.
This is excellent information!
Thank You
Marc
Download Commercial Real Estate Market_Trends_St_Tammany.8.1.11
2 million square feet of commercial space active for lease… 🙂 Well… Now is an excellent time to open a business in W St Tammany! There is beaucoup commercial space on the market which tells me there are deals available in the Mandeville and Covington area. See the breakdown below; 30% +/- (650K) of the 2 million square feet is located in Mandeville, and almost 50%, (920K) in Covington.
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Download Commercial Real Estate Market_Trends_Mandeville.8.1.11
655,000 SQFT of commercial space for lease in Mandeville, with almost half 309,000 SQFT currently listed for sale. If you are interested in investing in commercial space there is a lot on the market…
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Download Commercial Real Estate Market_Trends_Covington.8.1.11