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Grand Old Fourth Ward Mansion Needs Some Work, But Still Looks Like a Steal

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.

Though it looks like the defeat of T-SPLOST may slow The BeltLine down a bit, you'd never know it from looking at what could (arguably) be considered the epicenter of the project- the Old Fourth Ward. It's difficult to overstate the transformative nature the construction of parks and the Eastside trail (and the development that's followed/following) has had on one of Atlanta's most historic neighborhoods. Here now is an opportunity to own a rather grand house right in the heart of the O4W, just steps from Historic Fourth Ward Park and The BeltLine, not to mention its proximity to Inman Park, Freedom Park and downtown. We're not sure what the story behind the 5 bed, 4.5 bath, 7,000+ square feet house (we're guessing someone got in over their head back during the boom). But the original owner/builder appears to have spent a lot of money on woodwork, and though the house is HUGE, it appears to have been designed to blend into the neighborhood's historic character. The place needs some work (the broker babble helpfully points out that renovation financing is available), but for someone with the long view and the need for a ton of space, the $354,900 price tag would seem to leave room for ample upside.

· 406 Arnold St NE [Zillow]