Property Description

This one has a 2/1 rate buy-down option! Newly constructed contemporary cottage tucked away against two dead-end streets at the 40 Arpent Canal in Arabi. Highlights include 10' ceilings throughout, ceiling-to-floor front windows, and lap board accent walls in the living area, as well as a handy custom coat stand at the entry. Kitchen features stainless appliances, subway tile backsplash, extra tall shaker cabinets, and a walk-in pantry. French doors lead to the back patio. The downstairs primary suite includes a spacious walk-in closet, spa-like bath, and separate entrance to the back patio. Upstairs has an extra-large bedroom with a balcony overlooking Bayou Bienvenue - the spot to be for evening sunsets. Outdoor amenities close by include Heights Trailhead and the 9-mile bike path that skirts along the bayou, neighborhood ball fields, Torres Park, and the soon-to-be-completed Chenier's Landing nature trail. Arabi has great schools, top-rated restaurants, and St Bernard Parish Ochsner Hospital is just a few minutes away. Local lenders offer 100% financing on this home through USDA Rural Development and LA State bond programs. A 2/1 rate buy-down is a financing option where the seller or lender pays to temporarily reduce the buyer's mortgage interest rate for the first two years of the loan. Typically, the interest rate is reduced by 2% in the first year and 1% in the second year, returning to the original rate in the third year. This lowers monthly payments initially, making homeownership more affordable during the early years of the mortgage. Owner is also willing to finance with 10% down.

Property Features