Nine years and 11 months ago, five FBI agents armed with a search warrant rapped on the door of an Uptown home in the 1900 block of Marengo Street.Granted, it's a really nice house in decent area. In 1978 the Jeffersons paid $106,280 for it according to the assessor's records. That's $387, 636 and change in today money... which is a lot. But you can see how much the real estate market has heated up. Adjusting everything for inflation, the Jeffersons have profited over their original investment by about 4 $90,000 freezers.
So began the downfall of U.S. Rep. William Jefferson, long one of New Orleans’ most towering political figures. Since convicted of corruption charges, he is now a federal inmate in Oakdale, La., about a third of the way through a 13-year prison term.
The six-bedroom, 5,000-square-foot house where Jefferson’s world began to crumble was quietly sold last month for $758,000, a tad more than Jefferson and his wife, Andrea, sought when they first put it on the market in 2011, and a bit less than they asked for when they relisted it early this year.
Saturday, July 11, 2015
Sold for 8.4 freezers
Bill Jefferson's house: $758,000.