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Seller of Emory Village Bungalow Can Afford to be Realistic

Here now, From Curbed Marketplace, highlighting an intriguing real estate listing from the many thousands of properties found in the Curbed Marketplace. Browsing the Marketplace and spot a property worthy of being featured? Send it to the tipline.

First, the basics: 3 bedroom, 2 bathroom bungalow near Emory Village. Reasonably updated, save for the kitchen. 1683 square feet. Fantastic schools and nice proximity to Emory, Virginia Highland and Decatur. List price: a rather reasonable sounding $425,000. With many neighbors in the $500's and higher, how/why can this seller be so competitive out of the gate? Because he or she bought the place in 1992 for $187,500. Obviously, we're not acquainted with the Seller's financial situation. But even if they get just $350,000 for this house, they'll have nearly doubled their money on a 20-year hold. We're the farthest thing from an investment adviser, but we know a lot of folks that would take a 5% per year return on anything right about now. Real estate...who knew?

· 1449 Cornell Road [Zillow]