For $591K, huge downtown loft brims with industrial character, color, quirks

The bones date to 1945 at this building between Centennial Olympic Park and Georgia Tech

By Josh Green@JoshGreen1234 Jun 11, 2019, 3:47pm EDT

Twenty-foot ceilings and bannisters enhance the sense of openness at loft 107 on 490 Marietta Street NW. — Twenty-foot ceilings and glass bannisters enhance the sense of openness at loft 107 on 490 Marietta Street NW.

This offering at downtown’s Gasket City Lofts could appeal to Atlantans who fancy exposed metal pipes mingling with velvety couches and splashy, poppy artwork.

Known for its airy, character-rich condos, the circa-1945 building stands along Marietta Street, between Centennial Olympic Park and Georgia Tech, where the WalkScore clocks in at a strong 79.

This particular unit, listed via Brock Built Properties for $590,900 a few days ago, is punctuated by 20-foot ceilings, a floating office space, and modernistic wall-coverings.

Described in the listing as an “oasis in the middle of it all,” the property has two bedrooms and two bathrooms among just shy of 2,600 square feet. Claustrophobia shouldn’t be an issue.

The Gasket City Lofts building counts about 30 homes.

The touted “in-home views of the city” aren’t pictured. Neither is the building’s impressive communal rooftop, which previous listings have shown to incorporate views from Midtown to The Benz and beyond.

Another consideration is the $584 monthly HOA commitment—a consequence of what’s essentially the floorspace of a four-bedroom Atlanta home, at least.

Records indicate the loft last traded for $369,294 about nine years ago, and it’s likely that substantial updates have happened since.

The best comp could be a slightly smaller, less refined unit that moved in the same building for $418,000 a year ago.