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Sale of the Week: West Paces Ferry Foreclosure

April 7, 2010 in Real Estate by Lori Johnston | No comments

The home at 205 West Paces Ferry Road, listed for $4.65 million, has three reasons why some folks may want to check it out.

1. It’s on this Sunday’s Buckhead in Bloom event, the Atlanta Preservation Center’s annual tour of homes. And it’s an appropriate spot, with the home on 2 acres and featuring a courtyard, garden, gazebo with granite countertops, an outdoor fireplace, and a saltwater pool and Jacuzzi. You can purchase tickets in advance at the Cathedral of St. Philip Book Store, Boxwoods Gardens and Gifts and The Swan Coach House, on at the home on the day of the tour (tickets are $40 for non-APC members, $30 for members).

2. It’s Philip Trammell Shutze original, built in 1936 and renovated and expanded to about 10,000 square feet four years ago by Harrison Design Associates. The front of the home was designed in the English Regency style; the back is the American Federal style.

3. It’s a bank-owned property, joining others of all price ranges in foreclosure on the market in Atlanta.

The seven-bedroom, 7 ½-bath home, known as The Thornton-Jones House, is listed by Russell A. Gray with Harry Norman, Realtors. There’s ample space for extras like a gym, steam, sauna and a massage room, which has one of the home’s eight fireplaces.

Don’t exert yourself too much this Sunday, though, and enjoy visiting a landmark that’s on the market.

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Sale of the Week: Morningside Renovation

February 26, 2010 in Real Estate by Lori Johnston | No comments

You may have seen our earlier post this week on kitchens, and white kitchens are among those showcased, a look that many people prefer these days. That’s why this renovated home at 651 Cumberland Road N.E. in Morningside caught our eye, with its white cabinets, double honed Calacatta Carrara marble countertops and a breakfast bar that opens to the family room.

Those features, along with the stainless steel appliances that include a Wolf range, add to a clean and bright feel in the four-bedroom, three-bath home listed for $875,000 by Carrie Anne Rillo with Dorsey-Alston Realtors.

The home, which was built in 1930, also has been updated with Waterworks fixtures in the master bath and a new two-car garage, definitely a plus for those seeking an intown address.

It’s open from 3-5 p.m. Sunday, and if you get to go, take some time to relax on the screened porch, which has a fireplace, too.

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$17 million reduction for La Reve

January 26, 2010 in Real Estate by Clinton | 2 comments

The blog “This Photographer’s Life” tells us that one of North Georgia’s priciest listings was just reduced . . .by $17 million!

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What the agents say: Thanksgiving week edition

November 24, 2009 in Real Estate by Lori Johnston | No comments

The National Association of Realtors says October sales in Atlanta increased by 3 percent, and the AJC’s story contains good insight from local real estate executives and agents.

We’re kicking off today our occasional blog topic where the agents get to tell us what they are thinking about the market. It’s a warm-and-fuzzy time with Thanksgiving just a couple of days away, so agents shared what they’re thankful for in real estate this year.

Wayne Anderson, Coldwell Banker NRT Development Advisors and recently named Sales Manager of the Year award in the Greater Atlanta Homebuilder Association’s Atlanta Sales & Marketing Council’s OBIE Awards:

“I am thankful for buyers who are recognize that this market is like no other that our generation has experienced before and are open to learning more about new opportunities – including the first-time homebuyers tax credit, large-scale auctions, REO properties and more – that are available because of this unprecedented market, allowing them to purchase their dream homes within a budget that they’re comfortable with.”

Rhonda Haran, Atlanta Fine Homes Sotheby’s International Realty:

“I am thankful for the developers and builders who are seeing opportunities in North Atlanta to purchase lots at great prices and start building again.  These savvy investors will be ready to meet pent up demand for new homes in the coming months.

I am thankful for the tenacious and hard-working associates I have the pleasure of working with everyday.  These are the consummate professionals who have adjusted their businesses to weather the storm and react to changes in the marketplace.   Those who have embraced ‘the new normal’ will continue to succeed in 2010 and beyond.”

Rhonda Haran listing in Cumming

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Plans to pump up home sales

September 21, 2009 in Uncategorized by Lori Johnston | No comments

USA Today reported late last week about plans by the Obama administration to assist homeowners who have been laid off and can’t pay their mortgage. The story said that could include letting homeowners skip monthly payments or offering grants or loans to cover part of the mortgage in the event of a job loss.

With Georgia’s high unemployment rate, some Atlanta real estate firms have recently rolled out job loss protection programs for buyers who use their agents or purchase in their new communities and are concerned about losing their jobs after moving in.

“A lot of people are sitting on the fence,” says Leslie Williamson with Coldwell Banker NRT Development Advisors. “We wanted a way to overcome that objection that people have. It offers peace of mind.”

Coldwell Banker NRT Development Advisors’ new job loss program provides six monthly payments of up to $1,500 a month toward a mortgage. It applies to new buyers in its nearly 25 single-family, condo and active adult communities in Atlanta who involuntarily lose their jobs.

Prudential Georgia Realty’s plan, called the HELP (Homeowner Education and Loan Protection) Program, provides up to six monthly payments of $1,800. It is administered by the Rainy Day Foundation, a non-profit organization.

“There’s more of an economic look of purchasing a home these days than a cosmetic look,” Williamson says. “Years ago it used to be, ‘I don’t like your amenities package or your finishes.’ That’s not it these days. It’s about price when you’re purchasing a home of course. That’s the No. 1 reason for not buying. Then am I able to get a mortgage? Can I sustain a mortgage?”

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