For this installment of Curbed Comparisons, we look at what $200,000—give or take $5,000—will purchase around Atlanta. Yes, that’s still a viable number for intown homebuying.
Throughout the city, many properties are available at this price point, but a purchase of one may require sacrifices. That may relate to size, general location, or condition—or a combination of these factors.
Specifically, the largest in this group taps out at 1,200 square feet, which is not uncommon for listings in this price range. Also, in the center of the city and north of downtown, the majority of properties at this price fall in the condo/apartment/townhouse category. Those looking for single-family homes will do well to search west and south of downtown.
This updated circa-1920 bungalow boasts three bedrooms and two bathrooms in 1,124 square feet on Elixir Avenue in Mozley Park. Hardwood floors, shaker cabinets, granite countertops, and a dual fireplace are just some of the home’s new features. Touted as an “ideal” purchase for a first-time homebuyer, an investor looking for a rental, or an Airbnb, the property has experienced a bumpy ride on the market since it was first listed in March for $269,900. Following five price cuts, the current listing with Keller Williams Realty First Atlanta has a current ask of $199,500.
Located in a gated community on La Rue Place in Cross Creek, just west of Interstate 75, this 1,200-square-foot condo includes two bedrooms, two bathrooms, an open floorplan, eat-in kitchen, and sunroom. Outside the master bedroom, a private walled courtyard offers a quiet spot for outdoor relaxation. For monthly HOA fees of $418, enjoy golf, tennis, three swimming pools, a fitness center, and onsite restaurant and bar. Listed by Forrest & Company at PalmerHouse Properties, the current ask is $199,900.
With three bedrooms and two bathrooms in 1,080 square feet, this circa-1920 bungalow on Sawtell Avenue in Lakewood Heights sports a lot of updates as part of a recent renovation. Think bamboo hardwood floors, new systems, updated kitchen and bathrooms, and plenty of new paint. The listing also states the seller will make improvements to the backyard fence, including adding new fencing. Listed by Berkshire Hathaway Homeservices Georgia Properties, the current asking price is $199,900.
Near Peachtree Hills Park, this 1960 condo comes with two bedrooms and one bathroom in 1,020 square feet. Inside, a recently updated kitchen accompanies hardwood floors throughout as well as extra storage in an exterior-entry basement. Outside spaces include a front porch and a back deck. Monthly HOA fees of $350 cover such amenities as a swimming pool and tennis courts. Current ask is $199,900.
Situated on Richland Road in Oakland City, this 1925 bungalow has three bedrooms and two bathrooms in 1,120 square feet. Promoted in the listing as a “perfect” opportunity for investors or first-time homebuyers, the home has a new roof, new HVAC system, and new water heater, in addition to an unfinished basement. Outside, potential homebuyers can enjoy the “welcoming rocking chair front porch,” a large level lot “with beautifully matured trees,” and an “ample-sized driveway for easy parking.” The current asking price is $195,000.
Which property is the better buy?
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1592 Elixir Ave. S.W. (Mozley Park)
88 La Rue Place N.W. (Cross Creek)
357 Sawtell Ave. S.E. (Lakewood Heights)
311 Peachtree Hills Ave. N.E., Apt. 15C (Peachtree Hills)
1132 Richland Road S.W. (Oakland City)