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Sale of the Week: Inman Park Victorian

April 22, 2010 in Real Estate by Lori Johnston | No comments

A dozen Inman Park residents are opening up their homes and gardens for the neighborhood’s 39th Annual Spring Festival and Tour of Homes on Friday through Sunday.

There’s a wonderful diversity of residences on the tour, from the renovated Jacobean Revival home built in 1899 for Ernest and Emily Woodruff  to The Grinnell Lofts.

Like other popular neighborhoods, when homes come on the market in Inman Park, the buyers often are existing residents, says Brian Bishop, an agent with Morris & Raper Intown.

His Inman Park listing at 197 Elizabeth St., priced for $999,999, caught our attention this week, with it slate roof, limestone foundation and wraparound porch that fits into the neighborhood setting.

The five-bedroom, 2 ½-bath home dates to 1910, but has only had three families as its residents, enjoying the home’s features such as stained glass in the foyer and custom built-in oak cabinets in the dining room.

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Sale of the Week: Digs in Druid Hills

April 16, 2010 in Real Estate by Lori Johnston | 1 comment

I spent months following Hammersmith’s renovations at Phil and Caroline Moise’s residence in Druid Hills as part of an AJC series in 2008 that followed the updates and additions to the kitchen and bathrooms in their 1919 home.

So I’m excited to see that their home is on this weekend’s Druid Hills Tour of Homes and Artist Market, running today through Sunday. Click here for more information, including ticket prices and locations, about the tour.

None of the homes on the tour – all along Oakdale Road – are for sale, but if you’re looking for a place to buy, you may want to check out others for sale on Oakdale or in Druid Hills.

The listings include this three-bedroom, three-bath brick home built in the 20s, at 992 Oakdale Road. It’s priced for $899,000 (dropped from originally more than $1 million) by Chuck Smith with Keller Williams Realty Metro Atlanta.

This home has a traditional layout, with formal living and dining rooms plus extras like a sunroom and a finished basement.

Some of the paint, wallpaper and carpet choices may not be your style, but for some, it could be the perfect chance to put your mark on a property in a desirable Atlanta neighborhood.

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PRICING TO SELL

September 15, 2009 in Uncategorized by Lori Johnston | 1 comment

This may cause more groans from sellers and agents, but a North Carolina real estate forecasting firm expects Atlanta area home values will drop by 6 percent in the next year.

Cary, N.C.-based Local Market Monitor describes the Atlanta market as overpriced by 19 percent. Its research shows that “equilibrium” home price in the area is $173,240, as of third quarter 2009, while the average home value is $206,252.

The firm also looked at factors such as a whopping 65 percent drop in total housing permits from July 2008 to July 2009 and an 10.7 percent unemployment rate (compared to 6.5 percent for July 2008) for the metro area.

Atlanta is faring well enough to not be one of the 10 markets with the worst expected performance in home price (as expected, those are in states such as California, Florida, Arizona and Nevada) as part of Local Market Monitor’s third quarter Home Price Forecast, which analyzes more than 300 U.S. markets.

How do we compare nationally? Atlanta prices are 21 percent lower than the U.S. average.

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