Real estate values in Inman Park just received an unprecedented boost.
Built five years ago, as the Eastside Trail was coming together, this 2012 Inman Lane townhome originally sold for $485,799, and has now almost doubled in value thanks to its recent sale for $900,000.
What’s more, that’s a $25,000 increase above the original asking price of $875,000.
From a real estate standpoint, Inman Park has been attractive for decades, but it wasn’t that long ago a townhome this size, at this price, was unfathomable for both home sellers and buyers.
Sure, it counts gray-washed hardwoods, coffered ceilings, and a delightful oversized balcony, but this 2,600-square-foot home is still 51.29 percent more expensive than nearby properties, per Realtor.com.
That didn’t seem to hold buyers back, because, according to listing agent Kirsten Conover of Berkshire Hathaway HomeServices Georgia Properties, the property received multiple offers.
However, looking back, even she seemed surprised the property garnered such a high price, given the uncertainty surrounding the Beltline in its early stages.
“When I sold my first two homes in this community, the Beltline was just a dusty trail behind a fence,” Conover said. “At that time, many weren’t sure whether it would end up being good for property values or a place you might get mugged.”
Going forward with this new benchmark, it’ll be interesting to see not if, but when these townhomes hit the million-dollar mark, for better or worse.
Below are some highlights from the property’s listing photos.