Steps from Audubon Park
May 29th, 2009
Uptown New Orleans is known for its many historic homes. Take a ride on the streetcar and you will see many stunning examples of our unique architecture—from the center hall cottage to the Queen Anne and everything in between. But the real beauties, true luxury properties, are clustered around Audubon Park and the stately oaks there.
This lovely home at 382 Broadway is just steps from Audubon Park and puts a modern flair on a traditional New Orleans home. Triple crown moldings, corbels, gleaming hardwood floors and a striking stained glass window are artfully blended with contemporary styling. The quality renovation features a gourmet kitchen, sumptuous master suite with study, his and hers master baths and a spacious dressing room. The den opens to a lushly landscaped courtyard designed by Davis Jahncke and saltwater pool.
Every detail, from the chic light fixtures to the winding staircase says this home is simply elegant.
For more information on this home or other luxury properties Uptown or in the Garden District call Kelli Wright at 504-613-7902.
Posted by:
Kelli Wright
Louisiana State Residential Rehabilitation Tax Credit
May 18th, 2009
In a city like New Orleans, where there are so many historic properties in historic neighborhoods, it’s a shame that more people don’t know about the Louisiana State Residential Rehabilitation Tax Credit. You may be familiar with the Vieux Carre and Garden District, but don’t forget about lesser known historic neighborhoods like Broadmoor, Carrollton and Mid-City. This under-utilized tax credit is available to any owner occupied building in a locally designated historic district, a Main Street district, a Cultural district, a Downtown Development District (DDD,) a contributing property in a National Register (NR) district, a residential structure that is listed or eligible for listing on the National Register, or a vacant or blighted building that is at least 50 years old. We have 19 Cultural districts, at least 21 Historic Districts, the Downtown Development District, 6 Louisiana Main Street communities, dozens of structures on the National Register and too many blighted and vacant old buildings to count. That covers a lot of properties in New Orleans!
There is a sliding scale on the tax credits, from 10% to 25% depending on the scope of the renovation, but the minimum expenditure is $20,000 and the cap on the credit is $25,000. The tax credit is divided into five equal portions so essentially you get up to a $5000 credit for five years. The first year’s credit must be taken in the year in which the work is completed. If the full credit cannot be taken in a given year, the owner will receive a check for that amount as a refund. Not bad!
There are also Historic Rehabilitation tax credits for income-producing properties individually listed on the NR or as a contributing element within a NR Historic District and Louisiana State Historic Preservation tax credits for income-producing properties that are contributing elements within a DDD or Cultural District as determined by the Division of Historic Preservation. Have I mentioned that there are also Federal tax credits for historic properties?
As with any taxes or tax credits there are certain requirements and standards that must be met. Check out the Louisiana Department of Culture, Recreation and Tourism’s website or call me at 504-613-7902 for more information.
Posted by:Kelli Wright