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Reynoldstown classic nips price to $525K, bags buyer

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Does 2,500 square feet and two weeks on the market signal a cool season upon us?

Sound the alarms — a charmingly restored and spacious house a block from the Beltline in Reynoldstown has undergone a price adjustment!

Maybe the sky isn’t falling, but R-town has certainly been more prone to bidding wars than price-chops in recent years. Some metrics have suggested the overall market has cooled a bit, especially as autumn weather sets in, but then again the housing supply is still historically scant.

In any case, the $25,000 discount on this circa-1920 bungalow dropped it to $525,000, which succeeded in luring a contract after exactly two weeks on market. Its three-bedroom and zero-garage status may have deterred some, but 2,500 square feet of elegantly rehabbed spaces (plus a screened porch with vaulted ceilings) is nothing to sneeze at.

There’s a cool dichotomy happening here on Manigualt Street. The backyard offers vistas of Reynoldstown’s growing crop of modern houses (including some really close perspectives), while out front, the cozy and sociable porch is quintessential Old South.