It’s not uncommon for real estate listings to tout “location, location, location,” as a major selling point, but sometimes even that is not enough to attract a committed buyer.
For instance, these five listings are in highly desirable locations, plus they have received fairly decent price cuts during their tenure on the market. So why aren’t potential buyers interested enough to close the deal?
Days on market: 167
Square feet: 2,726
Recent price reductions: Since September 2018, the price has been slashed several times for a total of $74,900 in price cuts.
The gist: This 1930 Virginia-Highland home boasts classic features like an expansive covered front porch, elegant crown molding, and even an old-fashioned tub in one bathroom. Location is minutes from John C. Howell Park and the Beltline.
Days on market: 185
Square feet: 1,209
Recent price reductions: Received a reduction of $14,900 shortly after initial listing, but nothing since November.
The gist: Located in Buckhead Heights across from Lenox Square behind Target, this renovated 1992 apartment includes an updated kitchen with more improvements on the way, given the building has been approved for renovation. Looking east away from the mall, the “amazing open views” actually are pretty nice.
Days on market: 193
Square feet: 2,601
Recent price reductions: Since it was listed in August, the price has received a total of $50,000 in cuts.
The gist: Renovated “to the studs,” this 1940 Cape Cod in Collier Hills now features an open floorplan between the kitchen and family room, while maintaining a separate den and dining room. The private backyard contains a cozy patio perfect for a quiet evening at home or entertaining friends and family.
Days on market: 121
Square feet: 1,503
Recent price reductions: Since November, the price has been reduced twice, for a total reduction of $56,000.
The gist: Close to Piedmont Park in Morningside, this 1928 bungalow starts with a cozy front porch that leads inside to updated spaces that include the kitchen and bathrooms. Then it wraps up with a screened porch out back that opens onto an open deck, making it an ideal space for entertaining.
Days on market: 129
Square feet: 1,344
Recent price reductions: A total of $55,000 in cuts, the most recent coming in January.
The gist: Located in the Element building, this 2007 corner unit comes with 180-degree views of Midtown and downtown. However, it doesn’t appear the condo has received any updates since it was first constructed, giving it a dated look. On the upside, it does come with three covered parking spaces on the same level as the condo.
Which home would you buy?
This poll is closed
920 Virginia Circle N.E. (Virginia-Highlands)
3475 Oak Valley Road N.E., Apt. 870 (Buckhead Heights)
563 Collier Road N.W. [Collier Hills)
657 Yorkshire Road N.E. (Morningside)
390 17th St. N.W. , Unit 5044 (Atlantic Station)