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Industrial-style Reynoldstown loft fronting Eastside Trail targets $299K

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Completely open flat with 20-foot ceilings constitutes a “HOT ALERT!” per the listing

Beyond curtains, a loft if shown with concrete floors and a high white ceilings, with a couch at left.
Beyond curtains in a small foyer, the wide-openness of Unit 116 at 174 Chester Avenue is revealed.
Ansley Atlanta Real Estate

Five years ago, when an airy pad at Reynoldstown’s South Park Lofts listed for about $150,000, the sage, obvious advice on these pages was that first-time buyers or pied-à-terre hunters might want to pounce.

With so much in the Memorial Drive development pipeline (and a segment of the Beltline’s then-unbuilt Eastside Trail in the backyard) it was clear prices like those wouldn’t last. Not exactly rocket science.

But now, asking prices at the building have essentially doubled.

Case in point is this wide-open loft that reflects the building’s 1954 industrial roots, with its concrete floors and exposed structural work some 20-feet high in places.

Those aspects—plus proximity to the finished Eastside Trail and Memorial Drive’s new mixed-use offerings and eateries—constitute what the Ansley Atlanta Real Estate listing calls a “HOT ALERT!” here.

Listed last week at $299,000 (plus $275 monthly HOA fees), this is classified as a one-bedroom, one-bathroom unit of 1,090 square feet, but with few walls dividing spaces.

A large open space with a living room and bedroom in white at right.
The living/bedroom combo.

If privacy is paramount, the bedroom’s being on display for anyone in the dining or living rooms could be a problem. But this much space—with an elevated little yoga area reachable by ladder, to boot—isn’t always easy to find, in conjunction with so much walkability, for sub-$300,000 prices anymore.

The new kitchen with quartz countertops and a Carrara marble backsplash qualifies as a perk, as do the community’s pool and indoor bike storage. The unit includes a gated parking space and a leafy little patio out front.

During the recession, this particular loft traded for just $166,000 but most recently went for $236,000 three years ago, records indicate. Other homes in the building of roughly the same size have fetched in the high-$200,000s this year.

Another condo (slightly less open, with more masculine decor) is available in the complex at the exact same price.

A large open room with exposed ductwork in the ceiling and cushy furniture.
View across the unit, to what’s configured as a yoga space now.
A kitchen with white cabinetry and black appliances with a little table at right.
Updated kitchen.
A black ladder leads up to a loft space, while a kitchen is at right.
Route to the flexible loft space.
A four-poster bed with white sheets is show with a living room at left.
The lone bedroom.
A bathroom with light blue walls and a white countertop.
The bathroom, with spa bath and tucked-away shower.
An elevated loft space with yoga equipment on the carpeted floor.
A space the listing suggests could make for an office or guest bedroom.
A pool that’s very blue with trees and lounge chairs around it.
Communal pool.