Historic West End: 874 Beecher St. SW 30310

Inventory is at an all time low in Historic West End. Buyers have come from East Atlanta, Grant Park, Virginia Highlands- all to catch the unbeatable prices the Southwest side offers. 

This renovated 3bed/2bath Craftsman Bungalow will go just as quickly. 

874 Beecher Street is in a prime location- 1 block from Marta and 2 blocks from the Beltline path.  This home features 12ft ceilings, hardwoods, master suite with 2 closets, granite counters, wide hall,original Tin roof!  800sq ft of buildable attic space(with 10ft ceilings), an entertainers deck and a porch party ready Porch!  

Bring your best offer and come ready to be welcomed by the community.

Www.AtlantaWestEnd.com

  
   

Atlanta No. 2 most affordable housing market

Metro Atlanta hasn’t been the greatest place in the country to own a home, as everyone with a devalued house in these parts knows.

There is some good news, relatively speaking, though.

It doesn’t cost that much to buy here.

Atlanta ranks second in the U.S. among the top 25 metro areas in terms of home affordability, new research from Interest.com, a Bankrate company, shows.

The median household income in the Atlanta area exceeds the income required to purchase a median-priced home here by 40 percent. That’s better than every other  big market except for Detroit, where it’s 45.32 percent.

The rest of the top five most affordable metro areas are Minneapolis, Phoenix and St. Louis.

Of course, Detroit is hardly the symbol of economic success, and Phoenix has had major housing issues.

The least affordable markets: San Francisco, New York, San Diego, Miami and Los Angeles.

Housing affordability is key concern nationally, and nationwide a  median-income household can afford a median-priced home in only 14 of the 25 largest markets, the study found.

Mike Sante, managing editor of Interest.com, said, “Despite all the talk about how homes are more affordable than they have been in decades, buying a home is still a big challenge for many American households.”

Sante continued, “Dealing with rising expenses and stagnant wages is a struggle. Even after years of declining home prices and record-low mortgage rates, median-income households are unable to afford a median-priced home in nearly half of the metropolitan areas that we looked at.”

AJC 10:39 am October 17, 2012, by David Markiewicz

Sneak Peek at a New Listing

1530 South Gordon is 2 wks away from being ready!
Trim, cleaning, carpet and the deck are left to be added.
I like the product. The team has done a great job making this home flow, feeling both modern but keeping timeless classic details. I must admit, I had doubts and did not have vision. I thought the house would just feel old and in need of too much work to make it a home.
I was proven wrong.
This is one that will sell itself-I’m sure we have buyers waiting to make Westview their home.
Here are a few pictures….What do you think?

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New Affordable Housing Becomes Reality: Atlanta BeltLine – Reynoldstown Crossing

NEW AFFORDABLE HOUSING BECOMES A REALITY ON THE ATLANTA BELTLINE WITH LOFTS AT REYNOLDSTOWN CROSSING

Down Payment Assistance And Low Monthly Payments on New Two-Bedroom Lofts For Those Making Under $68,000Early Registrants Will Increase Their Chances of Being Chosen in The Drawing of Less Than 30 Homes on Saturday, December 10.

ATLANTA — As part of its mission to create affordable workforce housing, Atlanta BeltLine, Inc. (ABI) purchased the former “Triumph Lofts” development from a receivership to provide critically-needed affordable for-sale housing in an increasingly desirable part of the city. The development, now named “Lofts at Reynoldstown Crossing,” is located at the intersection of Chester Avenue, Memorial Drive and the Atlanta BeltLine corridor, just north of I-20 and Glenwood Park. The new highly-appointed, spacious two-bedroom, two-bath lofts will be sold in a one-day sale event featuring a drawing of qualified buyers making under $68,000 – the Atlanta area median income – on Saturday, December 10. The one-day drawing will provide an equitable way to give access to this incredible homeownership opportunity for people who might otherwise be unable to purchase intown property. Applicants must register by Wednesday, December 7, and early registrants will increase their chances of being chosen during the drawing.

“This is an unmatched opportunity for us to be able to provide new affordable homes right on the Atlanta BeltLine, in the historic Reynoldstown neighborhood,” said Brian Leary, president and CEO of Atlanta BeltLine, Inc. “For the homeowners at the Lofts at Reynoldstown Crossing, the Atlanta BeltLine is their backyard – one more demonstration of moving the vision to reality.”

Eligible homebuyers will receive up to $60,000 in down payment assistance, which creates a very affordable first mortgage. Monthly payments — from $900 per month* — will be much cheaper than renting new two-bedroom apartments in the area. Of those homes, three will be part of a Community Land Trust (CLT), ensuring that their affordability will be permanently preserved. The CLT homes will be targeted to City of Atlanta and Fulton County teachers and first responders with up to $100,000 in down payment assistance available.

All homes at Lofts at Reynoldstown Crossing are new two-bedroom, two-bathroom lofts featuring high-quality finishes and stainless appliances. The development also features a pool, hot tub, electric car charging station, fitness center, club room, rooftop deck and controlled access entrance, in addition to its highly-desirable location on one of Atlanta’s greatest amenities, the Atlanta BeltLine.

The Sales Center, located on site at 890 Memorial Drive, will be open daily beginning Thursday, November 10 at 10 a.m. There will be a series of events and open houses to show these homes to the public over the next several weeks leading up to the one-day sale event on Saturday, December 10, including: • Saturday, November 12 to Sunday, November 13: First Open House Weekend featuring Yumbii food truck, a pool-side DJ, giveaways and more.• Saturday, November 19 to Sunday, November 20: Second Open House Weekend featuring a V-103 live remote with food, games and prizes, Slider U food truck, a pool-side DJ, giveaways and more.• Saturday, December 10: One-Day Sale Event featuring a drawing for qualified buyers.

For more information on Lofts at Reynoldstown Crossing or to register for the sale event, please visit http://www.loftsatreynoldstowncrossing.com, call (404) 521-7787 or visit the sales center beginning Thursday, November 10.

About the Atlanta BeltLine:The Atlanta BeltLine is the most comprehensive economic development effort ever undertaken in the City of Atlanta and among the largest, most wide-ranging urban redevelopment projects currently underway in the United States. The Atlanta BeltLine is a sustainable redevelopment project that will provide a network of public parks, multi-use trails, transit and affordable housing along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other. Atlanta BeltLine, Inc. (ABI), formed by the Atlanta Development Authority, is the entity tasked with planning and executing the implementation of the Atlanta BeltLine in partnership with other public and private organizations, including City of Atlanta departments. For more information on the Atlanta BeltLine, please visit http://www.BeltLine.org.

*Please see agent for details. Down payment assistance programs are subject to availability and qualification guidelines. Monthly payment includes HOA &Taxes and is based on purchase price of $131,900; loan amount of $71,900. $60,000 in down payment assistance with interest rate of 4.25% APR on 30 year fixed loan.
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Media Contacts:
Ethan Davidson, Atlanta BeltLine, Inc.
(404) 614-8325edavidson@atlbeltline.org

Liz Lapidus / Kate Thacker
404.688.1466kate@lizlapiduspr.com

Coming Soon!!

New Westview Listing- 1530 South Gordon, Atlanta GA 30310
Spacious historic home being restored to greatness!
If you’d like to learn more about the community of Westview: www.WestviewAtlanta.com

Making Green Atlanta Real Estate More Affordable

Interesting read: Green Atlanta Real Estate

It is a desire of mine to restore my 1920’s bungalow in a more  “Green” manner but who has the money? NSP is helping low-income families make this a reality in helping them purchase EarthCraft homes from the start!

***Historic West End/ Westview Listings***

1455 Lucile Ave SW

4bed 3.5bath finished basement and many original details $160K

http://www.vflyer.com/home/home/flyer/40080003

 

557 Lawton Street SW

5bed/4.5bath  Historic West End New Construction Craftsman next to the West End Park $159K

http://www.vflyer.com/home/home/flyer/26412002

 

1119 Sells Ave SW

3Bed 2bath Craftsman with amazing upgrades- solid wood cabinets, granite counters, SS Appliances –a spacious house on a corner lot for $130K

(1K agent bonus!!)

http://www.vflyer.com/home/home/flyer/39146000

 

1184 Eggleston Street SW

3bed/ 2.5bath with large deck the width of the home and basketball court out back! $119K

http://www.vflyer.com/home/home/flyer/37185001