Rod's Notes

Rod's Notes For Wednesday 01/04/12


Wednesday January 4th, 2012

 

Michael Altshuler’s famous quote always seems appropriate at this time of year; “The bad news is that time flies. The good news is you’re the pilot”.

 

Go to:  www.rodnolespropertymanagement.com and click on radio notes and sign up to have them emailed each week. If you know of someone looking for rental space, apartments, homes, retail, office or industrial send them to www.rodnolespropertymanagement.

 

You can participate in the show by calling 318-442-8255 (talk) between 8:05 and 8:55 on Wednesday morning.  Do not attempt to call Saturday this is our encore performance (fancy way to say taped).

 

 

Attachments, Announcements, and Travels:

 

Courtland Place study of sales since 1-1-08

Mill Pond study of sales since 1-108

Largest real estate deals of 2011

Largest home sales of 2011

Press release for Veteran Job Fair

 

Announcement Public meeting regard selling water to Texas from Toledo Bend Cypress Bend resorts January 12th at 6pm

 

People not properties:

 

On sad note David Stock 56 pasted away this week, David and Glenda are owners of 5 McDonald restaurants and active community leaders.  Our prayers are with Glenda and her family.

 

Deborah Randolph President of Central La. Chamber of Commerce will be guest this morning.

 

Maurice and Ron Hebert are opening their own real estate firm and will be headquartered in Century Tel building as er-development property that Maurice sold to Gerome Karam last month.

 

 

Every Deal has a tale / tail

 

Four homes sold last year for a million dollars or more and two of those sales were last week.

 

Jeremy D & Veronica W Duncan (5010 Plantation Road, Alex., LA 71303) to Paul S Arnold, Jr. & Laura W Arnold (5758 Bayou Rapides Road, Alex., LA 71303) - 8.136 acres in Sec 83, T4NR1W, $1,250,000.00

 

Robert E & Pamela E Schroeder (5601 Courtland Place, Alex., LA 71301) to Jeremy D & Veronica W Duncan (5758 Bayou Rapides Road, Alex., LA 71303) - 15.028 acres in Sec 23, T4NR1W (5010 Plantation Road, Alex., LA 71303), $1,400,000.00

 

Diane C & Craig W Hamilton to Hallie N & Christian J Wold - 2.856 acres in Sec 43, T3NR1W, et al, $1,250,000.00

 

Benjamin T & Melanie M Drury (2600 Horseshoe Dr., Alex., LA 71301) to William D & Elizabeth P Long (5601 Courtland Place, Alex., LA 71301) - 2.595 acres in Sec 23, T3NR1W, et al (2600 Horseshoe Dr., Alex., LA 71301), $1,000,000.00

 

Attachment: the list top 10 highest priced homes that sold last year in the range of $1,400,000 down to $630,000.

 

If you were waiting for lower interest rates to buy $1,000,000 home then all you need for deal like this is $200,000 down finance $800,000 at 4.5% for 30 years and your payments are only $4,053.48.

 

2400 Horseshoe Drive Evergreen Plantation is now on the market will be first home sale to top $2,000,000

 

Alex Lodging Investment, LLC (1430 IH 35 South, Waco, TX 76706) to Jupiter Lodging Partners, LLC (5650 Frontage Road, Monroe, LA 71202) - Lot 2 & part of Lots 1 & 25, Blk K-1, Woodlawn Subd., et al (2001 N Bolton Ave., Alex., LA 71303), $2,100,000.00. Comfort Inn on North Bolton (Reminder that Hampton Inn sold last month for $9,000,000)

 

Field V Gremillion, III, et al (1003 Candy Lane, Alex., LA 71303) to Arbor Hill Senior Apartments, LLC (474 Wando Park Blvd., Suite 102, Mount Pleasant, SC 29464) - Lot 1 Arbor Hills Subd., $175,000.00. Pineville acreage on Shamrock next door to Mr. Hoyt at North Carolina Company plans to develop 68 unit senior housing multi family housing, my sale Jamie Lemoine’s listing. Deal took one year to complete city of Pineville was great to work with

 

The Lake District, LLC (4700 Wilton Place, Alex., LA 71303) to North Ridge Development Co., LLC (4333 Shreveport Hwy., Pineville, LA 71360) - Lot 1, Lake District, Phase III, $490,050.00. Site for new assisted living development by local Pineville headquarter senior housing developer. First sale to the west of Versailles. My sale and listing we call that a double bubble.

 

Top Five largest commercial sales for 2011

 

Consist of two hotels, bank building, retail property next to Wal-Mart, and a church. Two of the sales were on 28 West and ,all five sales were on Alexandria side of the river. Top five sales ranged in price from high of $9,000,000 to $1,500,000

 

Alexandria Inn, LLC, et al to MIC Aex, LLC (202 W Superior St., Suite 321, Duluth, MN 55802) - Parcel J of Calhoun Commercial Park I, $9,000,000.00

 

Robert B Tudor, Jr., LLC, et al (1412 Centre Court Dr., Suite 500, Alex., LA 71301) to Red River Bank (1412 Centre Court, Alex., LA 71301) - 2.885acres in Sec 43, T4NR1W, $6,200,000.00

 

CenturyTel Service Group, LLC to Plaza 28, LLC (308 W Parkwood, Suite 104A, Friendswood, TX 77546) - 14.96 acres in Sec 26, 27, & 85, T4NR1W, $2,950,000.00

 

Alex Lodging Investment, LLC (1430 IH 35 South, Waco, TX 76706) to Jupiter Lodging Partners, LLC (5650 Frontage Road, Monroe, LA 71202) - Lot 2 & part of Lots 1 & 25, Blk K-1, Woodlawn Subd., et al (2001 N Bolton Ave., Alex., LA 71303), $2,100,000.00

 

A Few Dozen Enterprises, LLC (5778 Hwy. 544, Simsboro, LA 71275) to One Life Church, Inc. (P O Box 14507, Alex., LA) - 2.851 acres in Sec 76 & 77, T4NR2W, $1,500,000.00

 

Rod’s economic indicator perfect score is 5. When top rating of 5 appears week after week I will share with our audience, that “Green Shots” is here and recovery is in full swing. Only the measurement of lot sale ranked positive score and random sales one scored positive the other negative.

 

Legal recorder data for five business days from December 27, 28, 29 (closed Monday 26th and Friday 30th)

 

(1)Total of 40 closed deals for the week has positive score

(2) At least one new home sale for the week has positive score

(3) At least one subdivision lot sale for the week garners positive score

(4) Number of lender sales in market place is less than 5% of the total market sales for the week.

(5) Two random residential sales compared to average prices for 2008, 2009 and 2010 that demonstrate increase prices.

 

(+1) Total sales looking for 40 closed deals from previous week market provided volume of $8,099,876 and although we only saw 28 sales with this high of volume with only three days REI scores a positive.

 

 

(.50) Random sales comparison: We track average sales price in certain subdivision for 2008 through 2010 and compare it to a sale this.

 

William D & Elizabeth P Long (2600 Horseshoe Dr., Alex., LA 71301) to Robert E & Pamela E Schroeder (5010 Plantation Road, Alex., LA 71303) - Lot 16, Courtland Place (5601 Courtland Place, Alex., LA 71301), $490,000.00. Six sales since June 2008 average price is $408,000 sale we are tracking is $490,000

 

Tammy L Burnaman, et al (17011 Jennifer Dr., Livingston, LA 70754) to Michael W & Kaitlin R Hanks (12781 Mill Pond Road, Deville, LA 71328) - Lot 6, Mill Pond Subd., $154,000.00. This sale of $154,000 is lower than any one year average for past three years, hence negative scorec

 

(+1) New Home sales: Looking for a single sale this week for positive score the market gave us two

 

 V & V Builders, LLC (P O Box 12846, Alex., LA 71315) to Josephine S Turner (P O Box 14387, Alex., LA 71315) - Lot 208, Bocage Subd., Phase V (5835 West Austin Dr., Alex., LA 71303), $212,000.00

 

Three B Construction, LLC (P O Box 2167, Prairieville, LA 70769) to Robert L Ward (1101 16th St., Apt. 105, Alex., LA 71301) - Lot 55, Shadow Creek Ranch, Part I (337 Shadow Creek Ave., Pineville, LA 71360), $166,900.00

 

(+1) Lot Sales or home site acreage: Only need one sale for positive score and this week the market gave us four and two from developer’s inventory.

 

Brent P & Marjorie Bernard (100 Moreno Road, Glenmora, LA 71433) to Anthony B & Regina L Wright (90 Moreno Road, Glenmora, LA 71433) - 6 acres in Sec 5, T2SR2W, $17,000.00

 

Ryan J Marcelle, Jr. & Jennifer A Marcelle (950 Hwy. 3170, Alex., LA 71302) to Michael Murphy, Sr. & Shanna L Murphy (489 Pecan Dr., Marksville, LA 71351) - 10 acres in Sec 65, T2NR1E, $67,000.00

 

B & B Office Holdings, LLC (P O Box 2167, Prairieville, LA 70769) to Samson Construction, LLC, et al (37177 Heritage Court, Geismar, LA 70734) - Tract in Sec 8, T4NR1E (320 Shadow Creek Ave., Pineville, LA 71360), $36,000.00

 

MRL, LLC (P O Box 3401, Pineville, LA 71360) to Louisiana Resource Management, Inc. (P O Box 11650, Alex., LA 71315) - 5 acres in Sec 2, T3NR2W (2419-B McKcithen Dr., Alex., LA 71303), $59,307.51

 

(+1) Lender total Sales rates positive score if lender sales are below 5% of total sales, this week market gave us zero appears market was in Christmas spirit.

 

Interest Rates: 30 year fixed is 3.94% was 3.98% the 15 year rate is 3.28% was 3.29%. 5/1 ARM is 2.88% was 2.87%.

 

 

 

 

 

 

 

       

 

 

 

 

 

 

 

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