Even as reports claim Atlanta’s housing inventory is shrinking—and at above-list prices—some properties across the intown landscape just can’t seem to land a solid offer.
Take these five listings: All are in sought-after locations and offer modern updates. And, the longer they linger on the market, the more their prices come down. At what point do they finally garner a committed buyer?
Days on market: 121
Square feet: 2,889
Recent price reductions: Originally listed September 7 for $945,000; six reductions to current ask.
The gist: Just blocks from Piedmont Park on Charles Allen Drive, this circa-1920 home underwent a “fabulous” renovation that saw the addition of a new kitchen, smart home technology, and an outdoor kitchen. However, it still retains its “Old World” charm thanks to the large covered front porch, original hardwoods, and crown moldings. Could the mere carport parking be holding it back in garage-loving Atlanta?
Days on market: 114
Square feet: 2,156
Recent price reductions: Originally listed September 14 for $648,000, with four reductions to current ask; this after a brief market stint from June to August 2018 at $699,900.
The gist: Updated with all the shiplap Chip and Joanna could love, plus a barn door on the master bathroom, this circa-1920 home sits across the street from Central Park in Old Fourth Ward. Behind the house, there’s even a fenced backyard that includes a two-car parking pad right off the alley.
Days on market: 109
Square feet: 1,954
Recent price reductions: Originally listed August 12 for $665,000, with three reductions to current ask.
The gist: Located along a brick-paved street just minutes from Grant Park and around the corner from the Beacon Atlanta development, this 1930s brick bungalow includes an updated kitchen and “spa-like” master bathroom. The listing states there is off-street parking, but the accompanying photos and street-view don’t indicate where.
Days on market: 165
Square feet: 3,041
Recent price reductions: None.
The gist: High atop the Historic Biltmore House, this double penthouse overflows with top-notch amenities on all three floors, including a morning kitchen in the master suite. The third floor boasts a full wet bar and 270-degree views of Georgia Tech, Mercedes-Benz Stadium, downtown, and Stone Mountain. It’s a safe bet, however, that the HOA fees aren’t chickenfeed.
Days on market: 222
Square feet: 1,118
Recent price reductions: After a pending offer went unclosed in June 2018, this listing returned to the market for $428,000, and since has received five reductions to the current ask.
The gist: This 1947 Kirkwood Craftsman bungalow underwent a renovation that saw an updated kitchen, bathrooms, lighting, and a “period-influenced trim package.” Sitting between Memorial and Hosea L. Williams drives, the house is minutes from Coan Park.
Which home would you buy, all things considered?
This poll is closed
768 Charles Allen Drive (Midtown)
379 Pine Street (Old Fourth Ward)
320 Kendrick Avenue S.E. (Grant Park)
30 Fifth Street N.E., Unit 1001 (Midtown)
119 Wyman Street S.E. (Kirkwood)