The location is perfect. Really close to Frenchmen Street and certainly easily walkable to Bourbon Street (but far enough to be out of the craziness). The house is awesome with a lot of character. There were plenty of places to sleep for 16 guys and everybody was comfortable.
Some advice: If you are going to be part of a bachelor party, it might be a good idea to put the really heavy drinkers on the 2nd or 1st floor. The stairs to the 3rd floor might be a bit much for somebody that is really trashed!