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A 3 Bedroom Bungalow in Ormewood Park for Just Over $200k- Your Thoughts?

For your consideration today: a tidy little bungalow renovated with style in Ormewood Park. Ormewood is tucked in between Grant Park and East Atlanta and just around the corner from Glenwood Park, the master-planned, mixed-use community built by Green Street Properties. The neighborhood is definitely transitional, but there are a lot of positive things going on there, the Atlanta Neighborhood Charter School among them. The availability of a 3 bedroom, 2 bath home with this level of finish for $209,900 is an indication of the ongoing brutality of this housing market...and the absurd heights of the bubble...it last traded in 2005 for $282,500. Either way, for folks looking to live on the east side of town, this is a pretty solid alternative to renting. As always, we'd love your thoughts on the matter, just proceed to our comments section.

· 948 E Confederate Avenue SE [Red Robin Group]