With the exception of living in, say, central Midtown, Atlanta lifestyles don’t get much more park-your-car-on-Friday-and-forget-it than this.
Alternately, a don’t-own-a-car-at-all-and-get-by-just-fine situation would probably work for many Atlantans—especially younger ones—here on Inman Park’s North Highland Avenue.
Currently the cheapest home in the coveted neighborhood without a pending sale, this 700-square-foot Inman Park Village Lofts unit could appeal to the millennial demographic or pied-à-terre shoppers from somewhere else. (Listed at $270,000, an even smaller condo of 566 square feet is under contract across the street.)
The 2006 building is among IP’s largest condo complexes, along with 870 Inman next door, and it counts a strong 88 WalkScore, boosted by proximity to the Eastside Trail, parks, and nearby retail and dining that’s multiplied many times over in recent years.
The condo in question is classified as a one-bedroom for $272,500, with one bathroom. The RE/MAX Around Atlanta Realty listing calls it a “spectacular” showcase of soaring ceilings and designer finishes.
The $312 monthly HOA fee covers a deeded parking space and amenities that include a gym, communal rooftop hangout, and a leafy grilling area. But the building, it’s worth noting, has no pool, as many from this era do.
This particular unit has traded several times in the past 13 years—and for as little as $110,000 in 2013.
In fact, as an illustration of how prices have escalated since the recession, the average sale in this building and 870 next door was just $113,000 eight years ago. The situation was such that a listing agent, in hopes of scoring a condo contract, was dangling a free week’s vacation in Sandestin, Fla. as a “broker bonus.”
Times have indeed changed.