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In shadow of Ponce City Market, authentic Old Fourth Ward loft wants $390K

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An 89 Walk Score and 1,500 square feet could allure those who like it raw

Back in the economic doldrums of 2008, this Isaac Moscowitz-designed building that began life as a laundry in 1929 was reborn as Troy-Peerless Lofts, 32 units that are about as endearingly raw as Atlanta’s loft scene gets.

In intervening years, the building’s immediate, neighboring environs have morphed from a rundown post-industrial landscape to a people-friendly, new-urban utopia deserving of an 89 Walk Score. The cost of buying at Troy-Peerless has climbed accordingly.

Listed a few days ago at $389,900, this two-bedroom unit is working the Ponce City Market and Beltline angle hard, of course. Aside from maybe the lone exposed air duct (probably a necessity with the ceilings), nothing screams late-aughts design in here, and the many perks include the generous (and original) windows, ample laundry room, and a double dose of both parking spots and storage units.

The open-concept great room is genuinely large for an intown multifamily space, lending credence to what the listing agent was probably trying to say with "this loft suites the swankiest of swarays." For non-exhibitionists, not all bedrooms would appear to have the option of closed doors.

As condos go, it’s relatively large at 1,540 square feet, and the HOA fee — $416 monthly — might not be pleasant but probably isn’t crippling for buyers in this range.