For this installment of Curbed Comparisons, we look at five properties that have been recently discounted, bringing their asking prices down into the low $300,000s.
Though a shelter-in-place order applies to Atlanta and the entire state of Georgia, dozens of new listings appear each week, as housing is deemed essential, of course. Despite being on the market for no more than 31 days, these properties all have received price cuts. Some are larger than others, but overall it’s surprising some would receive any discounts at all.
Could it be evidence that sellers are becoming more motivated to slash asking prices in a time of social distancing?
Located in Enclave at Renaissance in Old Fourth Ward, this 1995 condominium features two bedrooms and two bathrooms in 1,673 square feet. Recent updates include new stainless steel appliances and fresh paint throughout. Monthly HOA fees of $471 cover such amenities as a swimming pool and gated access. It also has its own one-car attached garage. Originally listed with Virtual Properties Realty on March 9 for $324,900, it received a price cut on March 31, bringing the current ask down to $319,900.
Stripped down to the studs in a recent renovation, this 2,048-square-foot bungalow on Mayson Turner Road in Washington Park now boasts an open floorplan along with four bedrooms and three bathrooms. The 1930 home still retains some of its original charm with the welcoming front porch and the brick fireplace. Behind the house, a new deck and fenced yard offer plenty of privacy. This Coldwell Banker Residential Brokerage listing first landed on the market on March 11 for $330,000, but after a price cut on March 27, it now sits at $325,000.
Sitting above Peachtree Road in The Aramore, this two-bedroom, two-bathroom condo spans 1,242 square feet. The 2003 unit has hardwood floors, a small balcony, and a heavily tiled shower in the master bathroom. Monthly HOA fees of $617 pay for a swimming pool, fitness center, cable, WiFi, and two garage parking spots. First appearing on the market on March 3 with Wynd Realty for $326,000, it actually received two price cuts in recent weeks, resulting in a current asking price of $324,000.
Found on Elleby Road in Benteen Park just down from the park itself, this 1,686-square-foot home contains three bedrooms and three bathrooms. Both the kitchen and one of the bathrooms have been updated, adding to the 2007 home’s open, airy aesthetic. Although the front porch leans to the small side, there’s more than enough outdoor space out back thanks to the large deck and spacious fenced yard that includes a firepit. This Keller Williams Atlanta Intown listing hit the market on March 2 for $350,000, but that price was slashed on March 11 to $339,900.
Sitting along Wellington Street in Mozley Park near the Beltline’s Westside Trail, this three-bedroom, three-bathroom home underwent a renovation that gutted the entire 1920 structure. Now the 2,197-square-foot, Craftsman-inspired offering features a more open floorplan with master suites on both the main and second floors. Appearing on the market on March 9 for $338,000, the Redfin listing was reduced on March 24 and now has an ask of $325,000.
Which property is the better buy?
This poll is closed
200 Renaissance Pkwy. N.E., Apt. 215 (Old Fourth Ward)
1049 Mayson Turner Road N.W. (Washington Park)
2277 Peachtree Road N.E., Unit 702 (Peachtree Hills)
1569 Elleby Road S.E. (Benteen Park)
255 Wellington St. S.W. (Mozley Park)