Despite its stratospheric rise in popularity and outlier status in terms of property value gains around Atlanta, the Beltline bedfellow that is Old Fourth Ward hasn’t seen all that many standalone houses fetch north of $1 million.
Roughly a half-dozen, in fact.
Since the end of last summer, this thoroughly reimagined Highland Avenue relic from 1914 has been aiming to join them.
Accurately called a “designer renovation,” the dressed-up dwelling borders the small Highland Avenue parking lot where Jack’s Pizza once staged Jell-O wrestling on a grand scale. A branch of the PATH Trail is just beyond the backyard gate, linking to the nearby Eastside Trail.
It initially listed for $1,199,000 in August and has been adjusted twice since, now asking $1,029,000 via Coldwell Banker Atlanta, a difference of $170,000.
What’s not working? For a million-dollar home, even in a hot zone like O4W, the overall room count (three bedrooms, two full baths) and lack of covered parking could be sticking points. The 2,264 square feet is dwarfed by newer construction in the same pricing echelon in this and nearby neighborhoods.
Newer houses, however, can’t deliver the level of creaky-chic character found here.
Period detailing melds with modern new components throughout, like the exposed brick beside fresh white marble and Thermador appliances in the kitchen. Or the antique staircase that leads toward dramatic light fixtures and chandeliers.
A basement labeled as unfinished could boost the space or provide storage, which is nice. Beyond that, the master bathroom is described as “unrivaled” and the backyard an “oasis.”
It’s possible that neither description is an exaggeration, as O4W offerings go.