It’s no secret that celebrity ownership can add a little bit of value to a home. Sometimes, the value is tangible and the house can be treated as an investment. Other times, the value is in the intangible. Perhaps, some believe that by buying a home, perhaps they can harness some of its creative energy.
No matter what one believes, the facts remain the same. Celebrity association can be a good way to hike up the value of a home. Just how much is open for interpretation.
Recently to the market, the childhood home of NFL generational talent, Drew Brees hit the market. According to Realtor, the listing would be accompanied by an asking price of $1,890,000 on April 1, 2020 before being dropped several times before coming to $1,695,000 in mid-May. It appears as if the home was removed from the market without being sold.
With a median listing price of $460,000 in the Hancock neighborhood, the home was listed at about 3x the average listing. However, with sparse listings, that number might not indicate what the home is actually worth.
In fact, the home does seem to be rather in line with some other current listings in the area.
The home is just around the corner from Westlake High School where the legend of Drew Brees was born before he went on to play college ball at Purdue.
The listing describes the home as sitting on almost half an acre, spanning three city lots.
Born in 1933, the all-brick American Four Square home adds a 3-car detached garage and guest house.
The back yard is described as park-like.
In the living room, the listing describes a craftsman-style wood-burning fireplace and original natural wood trim. Hardwood floors complete the entirety of the home.
Lots of original details remain including the original floor to ceiling bookcases in the family room.
On the other hand, the kitchen is more updated with stainless appliances. The cabinets are also updated but period appropriate.
The back yard looks like a great place to spend some time with a covered porch and a gazebo.
A stone wall toward the rear of the property even backs up to a creek!