With so much growth in our ever-changing Peach Capital, buyers want to know, “What can I get for my money?” The answer depends on where you’d like to live. Property values have steadily increased over the past 24 months. Here’s what you can get now for $300,000 to $400,000.
Popular Smyrna is earning the title “Townhome Capital of Atlanta.” Ideally located, it’s convenient to the airport and major highways. With a quaint market village at its hub, it’s also near the Silver Comet Trail, Cumberland Mall, and the new Braves stadium. Coming in just below $300,000 is this three-bedroom, four-bath townhome with approximately 2,350 square feet. It’s an Energy Star green-certified corner unit in the Ashton Woods community of Laurel Creek. Property taxes are about $2,400.
Old Fourth Ward
If you are a city dweller at heart, for about the same price point as the Smyrna townhome, you can land a 1,032-square-foot, two-bedroom, one-bath bungalow in one of Atlanta’s hottest neighborhoods. Although small and cozy, this cute little cottage is just minutes from Ponce City Market, city parks, and Krog Street Market. This property is also zoned for commercial use—double whammy for resale value! Property taxes are estimated at $2,900 per year.
Scaling up a bit to $400,000, this vintage Craftsman is located about one mile outside of downtown Decatur in Oakhurst—a tight-knit, friendly community with an active neighborhood association. Its hub boasts some of the best patio restaurants in Atlanta. This 1920s home has two bedrooms and two bathrooms, with original pine floors, restored windows, and a clawfoot tub. It has 1,180 square feet of living space, plus an adorable garden patio. Taxes are approximately $2,400.
This area is about 20 minutes from downtown and from the airport, and is close to shopping and major highways. A new community named the Falls at Camp Creek offers a variety of floor plans. One plan boasts nearly 5,000 square feet of living space, with a gourmet kitchen; a dramatic two-story great room; and five bedrooms, including a master suite on the main floor. At about $400,000, that is a lot of house for the money!
Egypt Sherrod is the host of HGTV’s highly rated Property Virgins and the new Flipping Virgins, CEO of the Egypt Sherrod Real Estate Group, and author of Keep Calm . . . It’s Just Real Estate: Your No-Stress Guide to Buying a Home.
This article originally appeared in our Spring 2016 issue of Atlanta Magazine’s HOME.