Lofty Peachtree condo makes case for being Atlanta’s best sub-$150K option

As chronicled recently on these pages, alluring Atlanta condos in favorable locations with price tags of less than $250,000 haven’t completely gone extinct in this era of mass appreciation.

And neither have options asking significantly less that aren’t exactly walk-in closets.

For an example of what could be intown’s most viable, sub-$150,000 condo option at the moment, let’s turn attention to the southern end of downtown’s Woodruff Park—more specifically to the William-Oliver Building, designed by Pringle and Smith Architects and completed in 1930 as Atlanta’s first Art Deco skyscraper.

After weeks on the market and a price adjustment of $10,000 earlier this month, this lofty one-bedroom now costs $145,000, as listed with Compass.

It’s that rare Atlanta condo that comes furnished. Another bonus: The William-Oliver Building counts a dynamite 98 WalkScore, a “Walker’s Paradise” mark that’s almost unbeatable in Atlanta. There’s a legitimate, in-unit laundry room and dining space. And while not piddly, the $339 monthly HOA fees cover a 24/7 concierge, gym access, and the rooftop kitchen.

So why the lingering on the market?

Is the ghostly Underground Atlanta a deterrent? Is Woodruff Park not Piedmont Park enough?

It’s true the 609-square-foot tally is not large by Atlanta standards, though high ceilings and big windows help to open the space up. Another number—included parking spaces: zero—could turn away some Atlantans, too.

Cheaper options do exist in Midtown and other core neighborhoods that are smaller, blander, or too new to carry the same vibe, generally speaking.

In a way, it’s like the anthesis of sprawling, all-frills condos in the trendiest part of Old Fourth Ward that cost north of $2 million. Records indicate it last traded two years ago for $125,000.