While Atlanta’s southern neighborhoods are experiencing a resurgence of renovations of older, smaller homes, drive a bit farther southwest and the selection expands to include larger, newer properties.
In fact, an astute reader points out this week that South Fulton—Outside the Perimeter, yet still within the Atlanta city limits—overflows with newer, larger homes in the $500,000 range, a price that casts a wide net across the intown landscape.
Specifically, he pointed out Guilford Forest as an example.
Here, notes the tipster, homes from “the small side of 4,000 square feet for less than $400,000 to homes over 12,000 square feet” are available. He stated the current average price for homes selling in the area is $500,000, “although they do not stay on the market for more than a few weeks.”
Plus, buyers get the name-dropping bonus of calling Atlanta Mayor Keisha Lance Bottoms and former Mayor Kasim Reed neighbors, given that both live in the area.
In looking at listings in this area, there are several properties available, including two in Reed’s neighborhood. However, like properties spotlighted in a recent, polled comparison of $550,000 intown homes, these, too, seem to linger on the market.
With four bedrooms and four bathrooms in 6,140 square feet, this 1996 brick ranch also includes a two-story foyer, a sunroom, a full basement, and two full kitchens. There’s also a screened porch above the patio overlooking a private backyard. On the market for 71 days, the property was originally listed for $379,900, but just received a price cut, dropping it to the current ask of $364,900.
The most recent listing in this group, this 1997 home contains five bedrooms and five bathrooms in 5,074 square feet. In addition to the kitchen and family room, there’s a formal living room, separate dining room, and finished basement complete with custom bar and exercise room. Outside, a large deck overlooks the expansive backyard. The current asking price is $399,000.
Overlooking a private lake, this 1925 home features three bedrooms and four bathrooms in 3,173 square feet. Beyond the main house, the property also has a guest house, a greenhouse, and a boat dock. The listing claims the home is “one of Atlanta’s best kept secrets,” but it continues to linger on the market since its original listing in April with a current ask of $595,000.
Which property is the best buy?
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1570 Niskey Lake Road S.W.
1215 Regency Center Drive S.W.
1530 Niskey Lake Trail S.W.