South of downtown, newly built home sells for $412K, sets Pittsburgh record

A resident of Atlanta’s Pittsburgh neighborhood sent a note recently that a Welch Street property had closed for a surprising amount that speaks to home value appreciation—and optimism—in the area.

It’s a new-build, four-bedroom project just southwest of downtown that closed last week for $412,000—or about $12,000 above the most recent asking price.

Records indicate no other renovated, single-family home in Pittsburgh has traded for even $300,000 in recent years, although several have moved in the high $200,000s, including two others on Welch Street.

Two of the four bedrooms are considered master suites, and there’s no shortage of entertaining space among these 1,980 square feet. The breakdown is $208 per square foot.

The listing calls Pittsburgh “up-and-coming” and points to “a few new builds and a great community of wonderful neighbors” on the street—along with proximity to two Beltline entrances and the forthcoming Pittsburgh Yards redevelopment.

The property had been listed for as high at $430,000 last summer and came back to market at $399,990 in February. The lot had sold about two years ago for $83,000, records show.

“‘Wow’ is the first word out of everyone’s mouth when they walk in this home,” the listing agent had written. “The attention to detail on this new construction home is unparalleled.”

And now, so is the sales price.