As the demand for East Atlanta continues to grow the need for more quality homes at an affordable price expands. This has many who may not be able to afford purchasing within walking distance of East Atlanta Village looking just a little farther down the road (Flat Shoals Rd. to be exact). People may not be able to spend $250,000 for a nicely updated 3/2 but they can come 2 miles down the road and afford $150,000 on an almost identical home. Well, as you leave "City of Atlanta" taxes while still being coded Atlanta on your mailing address - you'll find Bouldercrest Acres/Gresham Park in Unincorporated Dekalb County (Lower Taxes - yeah!). This is where larger developments carved out a stake of the land during the Boom, like "The Preserve East Atlanta".
Flippers (Investors who rehab homes & immediately resell upon completion of the renovation) are finding a new niche -- purchasing 4 sided brink ranches for 20k-40k cash & updating them from 3/1.5's to 3/2's, 3/3's, 4/2's and 4/3's - with a resale price of 125k-160K - with features that include granite counters, stainless steel appliances, hardwood floors throughout, new roofs, mechanical, electrical, & plumbing systems, etc.
It's exciting to see a neighborhood being revitalized -- former abandoned homes & foreclosures are no longer the eyesore of the community, they are being transformed into beautifully updated homes still well within a reasonable price for most civil servants & first-time homebuyers.
I'm delighted that I've just sold 2135 Brannen Rd for just over 35k as an outdated 3/1 that will now be renovated into a beautiful 3 bedroom 3 bath home for some lucky buyer. I can't wait to sell the home again in just a few months & continue to elevate the quality of the neighborhood in the coming months/years one home at a time.
If you want to learn more about the homes available in East Atlanta or the Bouldercrest Acres area - feel free to give me a call or email me.
Michael Neville
404-310-8364
Mike@LiveInAtlantaGA.com
Keller Williams Realty Atlanta Midtown
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