Condominiums of Midtown Archives

Midtown Atlanta Market Report | Plaza Midtown, April, 2012

May 19, 2012 by Thom Abbott

As we take a look at the Midtown Atlanta Market Report for Plaza Midtown, April 2012, we see an emerging trend in Midtown Atlanta condominium sales….The inventory is scarce!!!

I can remember when this building easily had 20 or more homes listed For Sale. But now, just FIVE, yes, 1,2,3,4, FIVE homes For Sale!

The current Average List Price is $300,940. There are two homes Pending Lender Approval with an Average List Pric of $139,900. Two additional homes are Pending Sale with a 2-Bedroom home at $275,000 and a 1-Bedroom at $156,000.

There was just one home Sold, a 2-Bedroom at $219,900.

Last year, 5 homes sold in April, 2011. Two bedrooms had an average price of $225,000 and one bedrooms $118,000

So, we have listings in the $300’s, Pending Sales at $275 and a sold property at $219. Looks like prices are starting to climb in Plaza Midtown. Of course, this upward progress will depend on any additional foreclosure or short sale listings.

To learn more about this unique Midtown Atlanta condo living opportuntiy that has a Publix Market on the street level, take a look at the Plaza Midtown Atlanta Community Page!

Thinking about Selling your Plaza Midtown Atlanta condominium? Contact us to discuss our Marketing Plan for YOUR home!

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950 W Peachtree Street NW #507, Atlanta, GA

950 W Peachtree Street NW #507
Atlanta, GA

$659,900
- Lot Size
- Home Size
  
  1,512 sqft
- Beds
  
  2 Beds
- Baths
  
  3 Baths
44 Peachtree Place NE #424, Atlanta, GA

44 Peachtree Place NE #424
Atlanta, GA

$499,900
- Lot Size
- Home Size
  
  1,091 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
44 Peachtree Place NW #834, Atlanta, GA

44 Peachtree Place NW #834
Atlanta, GA

$479,000
- Lot Size
- Home Size
  
  1,196 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
950 W Peachtree Street NW #1214, Atlanta, GA

950 W Peachtree Street NW #1214
Atlanta, GA

$474,900
- Lot Size
- Home Size
  
  1,196 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
950 W Peachtree Street NW #1111, Atlanta, GA

950 W Peachtree Street NW #1111
Atlanta, GA

$449,900
- Lot Size
- Home Size
  
  1,091 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
44 PEACHTREE Place NW #1530, Atlanta, GA

44 PEACHTREE Place NW #1530
Atlanta, GA

$349,900
- Lot Size
- Home Size
  
  866 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath

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(all data current as of 11/22/2024)

Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work, please click here to review our DMCA policy and learn how to submit a takedown request. © 2024 FMLS.
Data last updated: 11/22/24 7:05 PM PST.

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Midtown Atlanta Market Report | Viewpoint Midtown Atlanta, April 2012

May 18, 2012 by Thom Abbott

Let’s take a look at the Midtown Atlanta Market Report for Viewpoint Midtown Atlanta, April 2012.

Viewpoint Midtown Atlanta sold out in 2011! This was great news for owners in the building! However, since then, Buyers looking to purchase a home in Viewpoint Midtown have had very, very limited options. And the same is still true for April, 2012.

The building has 378 homes, yet there are only 6 homes currently listed For Sale. Of those, 4 are 2 bedrooms, and 2 are 1 bedrooms. There is also one foreclosure listed on the market (a 1 bedroom). Average list price ranges from $350,000 to $187,000.

There are 3 Pending Sales for April. Four homes sold a Viewpoint Midtown last month. The average sales price for a 1 bedroom was $198,000 and the two bedrooms were at $287,000.

In 2011, there were three homes sold. A 2 bedroom at $299,000 and a 1 bedroom for $194,000. Homes in Viewpoint Midtown have been holding steady in value, and with only a few foreclosures, this will help this building continue to be one of the most popular new Midtown Atlanta condominium communities.

For more information, visit our Viewpoint Midtown Atlanta community page!

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855 Peachtree Street NE #2914, Atlanta, GA

855 Peachtree Street NE #2914
Atlanta, GA

$499,000
- Lot Size
- Home Size
  
  1,000 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
855 Peachtree Street NE #2911, Atlanta, GA

855 Peachtree Street NE #2911
Atlanta, GA

$415,000
- Lot Size
- Home Size
  
  838 sqft
- Beds
  
  2 Beds
- Baths
  
  1 Bath
855 Peachtree Street NE #1508, Atlanta, GA

855 Peachtree Street NE #1508
Atlanta, GA

$379,900
- Lot Size
- Home Size
  
  803 sqft
- Beds
  
  2 Beds
- Baths
  
  1 Bath
855 Peachtree Street NE #1201, Atlanta, GA

855 Peachtree Street NE #1201
Atlanta, GA

$374,900
- Lot Size
- Home Size
  
  802 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street NE #1308, Atlanta, GA

855 Peachtree Street NE #1308
Atlanta, GA

$365,000
- Lot Size
- Home Size
  
  803 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street #1412, Atlanta, GA

855 Peachtree Street #1412
Atlanta, GA

$310,000
- Lot Size
- Home Size
  
  748 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
855 Peachtree Street NE #1312, Atlanta, GA

855 Peachtree Street NE #1312
Atlanta, GA

$300,000
- Lot Size
- Home Size
  
  748 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath

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(all data current as of 11/22/2024)

Midtown Atlanta Market Report | Spire Midtown Atlanta April, 2012

May 17, 2012 by Thom Abbott

In the Midtown Atlanta Market Report for Spire Midtown, April 2012, we see some activity in this popular community.

There are currently 11 homes on the market ranging in price from a high of $725,000 to a low of $127,000.

Twelve (12) homes are Under Contract, but it is interesting to note that 9 of them are Pending Lender Approval or short sales. 3 of them are traditional sales. The average Sales Price is between $153-162,000. The prices range from a high of $265,000 to a low of $110,000.

Only 1 home sold in April, 2012. It was a 2 bedroom at $337,000

In comparison, in April, 2011 there was also only one home sold, a 1 bedroom at $146,500.

For more information about Spire Midtown Atlanta, click here.

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860 Peachtree Street NE #1502, Atlanta, GA

860 Peachtree Street NE #1502
Atlanta, GA

$550,000
- Lot Size
- Home Size
  
  1,350 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
860 Peachtree Street NE #2605, Atlanta, GA

860 Peachtree Street NE #2605
Atlanta, GA

$525,000
- Lot Size
- Home Size
  
  1,208 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
860 Peachtree Street NE #1917, Atlanta, GA

860 Peachtree Street NE #1917
Atlanta, GA

$520,000
- Lot Size
- Home Size
  
  1,193 sqft
- Beds
  
  2 Beds
- Baths
  
  2 Baths
860 Peachtree Street NE #1904, Atlanta, GA

860 Peachtree Street NE #1904
Atlanta, GA

$360,000
- Lot Size
- Home Size
  
  877 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street #2503, Atlanta, GA

860 Peachtree Street #2503
Atlanta, GA

$330,000
- Lot Size
- Home Size
  
  707 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #811, Atlanta, GA

860 Peachtree Street NE #811
Atlanta, GA

$329,000
- Lot Size
- Home Size
  
  745 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1010, Atlanta, GA

860 Peachtree Street NE #1010
Atlanta, GA

$325,000
- Lot Size
- Home Size
  
  798 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #2513, Atlanta, GA

860 Peachtree Street NE #2513
Atlanta, GA

$325,000
- Lot Size
- Home Size
  
  678 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1311, Atlanta, GA

860 Peachtree Street NE #1311
Atlanta, GA

$320,000
- Lot Size
- Home Size
  
  745 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1309, Atlanta, GA

860 Peachtree Street NE #1309
Atlanta, GA

$320,000
- Lot Size
- Home Size
  
  761 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1513, Atlanta, GA

860 Peachtree Street NE #1513
Atlanta, GA

$318,900
- Lot Size
- Home Size
  
  678 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1903, Atlanta, GA

860 Peachtree Street NE #1903
Atlanta, GA

$315,000
- Lot Size
- Home Size
  
  707 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #1510, Atlanta, GA

860 Peachtree Street NE #1510
Atlanta, GA

$309,900
- Lot Size
- Home Size
  
  796 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 PEACHTREE Street NE #1515, Atlanta, GA

860 PEACHTREE Street NE #1515
Atlanta, GA

$305,000
- Lot Size
- Home Size
  
  701 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath
860 Peachtree Street NE #2716, Atlanta, GA

860 Peachtree Street NE #2716
Atlanta, GA

$304,900
- Lot Size
- Home Size
  
  606 sqft
- Beds
  
  1 Bed
- Baths
  
  1 Bath

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(all data current as of 11/22/2024)

800 Peachtree Street, Atlanta, GA 30308 | Cornerstone Village Condominiums Midtown Atlanta

May 2, 2012 by Thom Abbott

800 Peachtree Street, Atlanta, GA 30308 leads you to one of the least expensive Midtown Atlanta condominum buildings, Cornerstone Village.

This unique community takes up an entire city block, bounded by Peachtree Street on the East, 5th Street on the South, Cypress on the West and 6th Street on the North. There are 4 buildings that make up Cornerstone Village, and they each are unique in their own way.

The Historic Manor House Building is located on the corner of 6th and Peachtree Street. This building was designed by Neil Reid and is listed on the National Register of Historic Buildings. As such it looks much like it did in the 1940’s and 50’s. It started out as the Manor House Hotel, later became apartment and was converted to condominiums when Cornerstone Village was created in 1999. This building has the fitness center, movie theater, conference and package rooms and the property management office. There is even a laundry room in this building from when it was apartments. There are also restrooms convenient to the pool.

The Landmark building is located on the corner of 5th and Peachtree and is the second largest building with 115 homes. This building was formerly an office building that was gutted inside and the condos then designed from there. Each home features exposed brick on the exterior wall, and exposed duct work, giving a Midtown Atlanta condo buyer the closest thing to a “loft feel” in Midtown Atlanta. This building has no community amenities, but they can all be accessed via a shortcut through the garage.

The last two buildings are called the 100 and 200 Buildings or the Gallery Buildings. They were built as new construction in 1999-2000 and surround the pool on the Cypress Street side of the community. These homes range in size from 755 sq. ft. to 2 bedrooms that are around 1100 sq. ft. There are also some extra large 1 bedroom floor plans that are 1,000 sq. ft.! These buildings were originally going to be apartments that shared amenities with the condos, but were converted all to condos with the brisk sales that occured at the time of construction!

When asked if the real estate market in Midtown Atlanta has “hit bottom,” Cornerstone Village could be one of the first indications. A year ago there were probably 5-10 listings that were priced under $100,000, and numerous homes in the 100/200 buildings sold for as low as $50,000!!! Those days appear to be gone, with only one home listed under $100,000 today.

If priced right, this is still the best condo value in Midtown Atlanta with a Peachtree Street address. No, the amenites are not all on one floor, in one location like many Midtown Atlanta condominium buildings, but is that “convenience” worth $20-30,000 more in price? You just might want to look at Cornerstone Village!

Cornerstone Village is also a very popular location for students attending GATech that are looking for off-campus housing. Unfortunately, there are no leasing permits available for an investor to buy and rent, but this building can still make a perfect option for the parents of a GATech student to purchase a condo for their student to live in. If you are going to be there for 3-5 years, this may be a good option, and then turn around and sell it to…another GATech Parent!

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

We specialize in Condominium homes in Midtown Atlanta and other In Town areas of Atlanta. If you are planning to Buy or Sell real estate, let us help you explore all the possibilities available to you and help you find just the right home you will LOVE!

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

You Can BUY It…You Just Can’t RENT It!

April 29, 2012 by Thom Abbott

The smart real estate investor knows that this is a good time to be buying and investing in real estate. Prices are down, as are interest rates, or even some good real estate buys can be had with c-a-s-h! But when you buy a condominium versus a single family home, there is one very important detail to remember…..a Leasing Permit! ALL Atlanta condominium communities have rental caps, usually around 20-25% of the total number of homes in the building. That means that in a building with 392 homes, no more than 98 homes may actually be leased out. You Can BUY It…You Just Can’t RENT It!

What is a Leasing Permit and Where Do I Get One?

Leasing permits are issued and controlled by the Homeowners Association (HOA). Currently, there is a waiting list in every Midtown Atlanta condo building (and most likely Buckhead and beyond!) That waiting period can range from 3 to 7 years. YES…S-E-V-E-N years to get a leasing permit. So as an investor, know that you will not have any income coming off that proeperty anytime soon! Once you have obtained a leasing permit, consider it gold and treat it as such! If your condo becomes vacant, most HOA’s require you have a new lease/tenant in place within 90 days or you will lose your permit!

When working with Intown Atlanta condo buyers, I always advise them to place their name on the waiting list as soon as they can. (Some buildings require you live in the condo for 6 months before you can even put your name on the list.) Your original intention when you buy your Midtown Atlanta Condo may be to live in it…but things change. And if 4 years from now you need to move, and your name is close to the top of the list, you could turn this home into an investment property and lease it out!

You can BUY all sorts of Midtown Atlanta condos….You Just Can’t RENT them!

For More Information on how we can best serve your Midtown Atlanta Real Estate needs, please fill out the online contact form or call us at 770.713.1505.

For a Quick Look at Midtown Atlanta Condominiums:

Midtown Atlanta High Rise Condominiums

Midtown Atlanta Mid Rise Condominiums

Perhaps you are interested in Historic Midtown? Take a look at Homes For Sale In Historic Midtown Atlanta

Midtown Atlanta Real Estate. Take A Tour!

April 21, 2012 by Thom Abbott

One of the like totally cool things about blogs, social media and all is the ability it gives us to connect with each other! Not always on a personal, one-to-one basis, but we connect. We do get the opportunity to take these connections and move them off-line and make them personal.

I’ve had the pleasure of doing that with people I’ve met from Active Rain, Twitter and Facebook. Facebook has even helped me find long, lost friends!

But another thing we can do, is share things we might not otherwise be able to share. For example, take a tour of Midtown Atlanta Real Estate Atlanta from your Midtown Atlanta REALTOR! This is where I work and where I call home You Might note that some of the buildings in this video are under construction but are now finished. Interesting way to see them!

What is a Leasing Permit and Where Do I Get One?

HomeSmart