$325K buys this airy, three-bedroom Castleberry Hill loft in a century-old building

In Atlanta’s loft mecca, Castleberry Hill, this newly listed property on Nelson Street has no shortage of true-loft bona fides: exposed brick, airy spaces, overhead pipes and ducts, and hulking wooden beams like vestiges of a past life.

Listed with Ansley Atlanta Real Estate for $325,000, it’s a three-bedroom, two-bathroom corner unit of 1,554 square feet at Deere Lofts, where the bones date to 1914.

For generations, the five-story building served as retail and warehousing for the John Deere Company.

A 1996 renovation saw it converted to 49 beam-and-post loft spaces with a full gym and communal rooftop deck, which overlooks Mercedes-Benz Stadium, downtown, and the new Reverb by Hard Rock, where huge light-board signage was activated in recent days.

At the moment, this loft is the only three-bedroom property asking less than $350,000 throughout all of downtown. Even two-bedrooms with severely less space are sparse right now in central Midtown at that price.

It’s marketed as a must-see property with loads of authentic, postindustrial charm and a main living space of grand proportions. The hardwoods are new, and renovations have changed the kitchen and bathrooms.

An in-unit laundry room and two assigned parking spaces are part of the deal.

Which could make one wonder: What’s the catch?

A loft of this size entails HOA fees of $488 monthly. But as listing agent Bart Lewis points out, that covers trash and cable, and more menial stuff like pest control, the building’s reserve fund, insurance, and maintenance for the exterior and grounds.