New Beginnings in the Old Fourth Ward of Atlanta: Beautiful Renovated homes and Great Investment Opportunities!

Sales Trends (last 6 months):

17 Sales Recorded

Average Sales Price: $172,500

Median Sales Price: $142,000

Range: $45,000 - $427,500

Atlanta’s Old Fourth Ward is one of the oldest areas in the city. Originally developed in the years immediately following the Civil War, the Old Fourth Ward’s history is deeply intertwined with the history of Atlanta. Most of the original homes, including the mansions that once lined Boulevard, were razed and replaced with apartment buildings or businesses over the years as the neighborhood has experienced times of prosperity and poverty. Today, however, the Old Fourth Ward is quickly reemerging as one of Atlanta’s great neighborhoods. Neighboring Inman Park and Poncey-Highland areas are also experiencing rapid revitalization. There are beautiful homes for sale and excellent investment opportunities in the Old Fourth Ward.

Geography

The Old Fourth Ward is bordered by….

·      Piedmont Ave. and Downtown Atlanta to the west

·      The Beltline, Poncey-Highland and Inman Park neighborhoods to the east

·      The Blue (east-west) MARTA line to the south

·      Ponce de Leon Ave to the North

The Old Fourth Ward is bisected by Boulevard. The neighborhood can be divided into three major areas:

·       The section west of Boulevard and north of Freedom Parkway has few single-family homes but includes the Atlanta Civic Center and large housing complexes.

·       East of Boulevard is found the largest concentration of single-family houses; here, especially south of Irwin Street, is perhaps the most eclectic part of the Old Fourth Ward. Auburn Avenue and Old Wheat Streets are streets that continue in the unique character of the Sweet Auburn neighborhood and Martin Luther King, Jr., National Historic Site on the west side of Boulevard, while Boulevard at Edgewood Avenue is now ground zero for a concentration of hip bars and restaurants.

·       The area furthest east along the BeltLine is a formerly industrial area where the former factory and warehouse space now contains some of Atlanta's best restaurants and galleries, located in complexes like Studioplex, and just across the BeltLine at Stove Works. In the very northeast corner of the Old Fourth Ward is the southeast's largest building (by sheer volume), the former Sears building, later called City Hall East, and now called Ponce City Market, awaiting redevelopment.

Residents love the eclectic, urban environment with several hip restaurants and bars within walking distance. The Old Fourth Ward will continue to experience an influx of professionals of all ages who love the Intown Atlanta lifestyle.

Parks

• Freedom Parkway with its trail runs through the neighborhood
• Central Park
• Civic Center Park
• Historic Fourth Ward Park, located on the site of the former Ponce de Leon amusement park.

Dawn P Faulkner, Broker Assoc/Realtor

Homes Sold By Dawn and Keller Williams Realty

www.HomesSoldByDawn.com

email:  Dawn@HomesSoldByDawn.com

Cell: 404.386.5072

Atlanta Foreclosures for Sale - What happens to renters when home is foreclosed?

This question is being asked more and more in this Atlanta real estate market. 

Our on-site closing attorney, Leigh Clack with Neel & Robinson, wanted to share this information with as many people as possible.  Here's the scoop...

Before 2009, a rental agreement / lease was automatically terminated by a foreclosure, and the tenant was expected to move out as soon as possible.

On May 20, 2009, Congress passed the Protecting Tenants at Foreclosure Act as part of the Helping Families Save Their Homes Act, and here are the current rules and protections for tenants (valid through December 31, 2012):

1)  The tenant must qualify as a valid renter:

• Not the owner or former owner, not a child, spouse, or parent of a former owner;
• Rent must be close to fair market rent;
• If the rent is much less than fair market rent, must be subsidized by a government program (such as Sec. 8);

2.     If the new owner (bank or purchaser at the foreclosure sale or afterwards) plans to live in the house, the tenant must be given 90 days notice from the foreclosure date to move out.

3.     If the tenant does not have a written lease or is leasing month to month, the tenant is still entitled to the 90 days notice.

4.      If the new owner (bank or purchaser at the foreclosure sale or afterwards) does not plan to live in the house, the tenant is allowed to stay for the remaining term of the lease.  The new owner would be entitled to all rent and subsidized lease payments.

5.     The new landlord is not responsible for returning old security deposits to the tenant.

6.     The tenant is still responsible for all rental payments and may need to save some payments until the new landlord is identified.

Presented by Leigh Clack, Attorney  ::  Neel & Robinson Attorneys at Law, LLC  ::  Atlanta, GA

404-705-3690  or lenox@neelandrobinson.com

... Keller Williams was rated #1 by JD Power for the 3rd Year in a Row!

According to the J.D. Power and Associates 2010 Home Buyer/Seller Study^SM, Keller Williams Realty, Inc., the third largest real estate company in the United States, has received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms for the third year in a row.

>>> See the full press release

I also found another interesting artile from PR News Wire that discusses the increase in home buyer satisfaction and the DECREASE in home seller satistfaction.

>>> Read the article from PR News Wire

If you need assistance from an Atlanta real estate agent / company who strives for customer satisfaction, please call us today at (404)432.1844.  We promise you won't be disappointed!

 >>> SEE KERRY'S CLIENT TESTIMONIALS on KUDZU.com <<<

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 Thank you for visiting by our Intown Atlanta Real Estate Blog!

Posted by:  Kerry Lucasse - Atlanta GA Real Estate Agent - Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty, specializing in Intown Atlanta real estate including Virginia Highland, Morningside, Candler Park and Oakhurst neighborhoods.

CALL ANYTIME AT 404.432.1844

Atlanta Real Estate - Keller Williams Realty

It's been a fantastic year of recognition for my company, Keller Williams Realty, thanks to the dedication of the agents and the stellar leadership.

Here are just a few of the recent accolades for KW...

** Keller Williams Realty was ranked as the No. 1 real estate franchise on the 31^st Annual Franchise 500 list by Entrepreneur magazine.

** Keller Williams was also voted the Most Recognizable Brand of Real Estate Franchises for 2009 in an industry-wide survey for the Swanepoel TRENDS Report.    

** Keller Williams Realty also received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms from J.D. Power and Associates for the second year in a row.

Personally, Keller Williams has been a tremendous asset to my business, especially in a shifting market.  With the top-notch education, daily motivation and one-on-one assistance, this has been my best year in the real estate business!

If you are an Atlanta real estate agent and are thinking of making a change in 2010, please give me a call -- I would love to talk with you about Keller Williams.

If you are thinking of buying or selling a home in 2010, I would highly recommend that you interview at least 2 or 3 agents -- and be sure that at least one of those agents is with Keller Williams.  I know you'll be impresssed!

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  Thank you for visiting our Atlanta Georgia Real Estate Blog

Posted by:  Kerry Lucasse - Atlanta GA Real Estate Agent - Atlanta Home Search Team
The ATL Home Search Team is part of Keller Williams Realty,
specializing in Intown Atlanta Real Estate, Foreclosures and Bungalows & Historic Homes

CALL US ANYTIME AT 404.432.1844

Old Fourth Ward is an in town neighborhood in the city limits of Atlanta GA. There are currently 32 homes for sale in Old Fourth Ward ranging in price from a 2 bedroom/2 bath home built in 1895 for $49,000 on Hogue St NE to a new construction 4 bedroom/4.5 bath home for $749,000 on McGruder St. NE.  One of my listings is in the mix at $489,000. It's an 1895 Victorian Home.

There are 8 homes pending sale which means they are under contract but not yet closed and 2 there are in their contingency due diligence period.

Since July 1, 2009 9 homes have sold ranging in price from $76,500 on Hogue St to $342,000 on Prospect Place.

Old Fourth Ward is famous as the birthplace of Dr. Martin Luther King. Old Fourth Ward is also home to the Atlanta Medical Center . It's off of Ponce de Leon Ave between Virginia Highlands and Midtown. See the map of Old Fourth Ward. You can also get there by taking Freedom Parkway to Boulevard. Right now if you drive down Boulevard you will see some great homes all decked out for Halloween.

If you are thinking of buying or selling real estate in or around Atlanta, GA contact Realtor Jen Bowman, Broker Associate & e-PRO with Success Realty at 404-456-5024. If you are a real estate agent, I am also looking for people to join my team.

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OPEN HOUSE THIS SUNDAY, OCTOBER 4, 2009
2:00 p.m. - 4:00 p.m. 

Check out this traditional townhome with a contemporary feel in the Historic Old Fourth Ward!  This home features 3 bedrooms, 2.5 baths, a welcoming "flex space" - perfect for formal living/dining or home office, separate family room - perfect for your media collection, galley style kitchen with granite countertops, stainless steel appliances and breakfast bar that overlooks the family room, dining area with access to the wrap around deck, 9 foot ceilings and hardwood floors on the main level, upgraded, modern light fixtures and designer paint colors and accents throughout.  The upstairs features three spacious bedrooms with high vaulted ceilings and designer ceiling fans, secondary bedroom with front balcony access, upstairs laundry closet, oversized master bedroom with walk-in closet, spa-like master bath with jetted, garden tub, separate shower and double vanities.  Walking distance to dining, shopping and parks!